Real EstateUAE real estate company Arada delivers 4000 units in 2 yearsPritam BordoloiAugust 5, 2019 by Pritam BordoloiAugust 5, 2019 The UAE real estate company’s alliance with Dubai Islamic Bank will provide home financing solutions to buyers... Read more
Asset ManagementDubai’s Introspect picks Northern Trust for brokerage solutionsInternational Finance DeskJuly 31, 2019December 23, 2019 by International Finance DeskJuly 31, 2019December 23, 2019 Northern Trust will support Introspect Capital’s investment team to focus directly on portfolio management and business development... Read more
FinanceNumber of companies in Dubai’s financial hub rises by 11% during H1International Finance DeskJuly 29, 2019December 23, 2019 by International Finance DeskJuly 29, 2019December 23, 2019 DIFC has welcomed 250 new companies this year, with the number of registered firms now reaching 2,289... Read more
Islamic BankingDubai’s Noor Bank net profits surge 29% to Dh410 mn in H1International Finance DeskJuly 25, 2019December 23, 2019 by International Finance DeskJuly 25, 2019December 23, 2019 Noor Bank’s rise in revenue is attributed to its income generated from net financing, investments and non-funded income... Read more
MarketsThe Dubai Financial Market profit in H1 drops 21% to Dh65.1 mnInternational Finance DeskJuly 22, 2019December 12, 2019 by International Finance DeskJuly 22, 2019December 12, 2019 Its expenses stood at Dh98.4 million compared to Dh99.6 million during the first half of last year... Read more
EnergyDubai’s OSC, Aramco to invest $450 mn in Saudi’s SPARKInternational Finance DeskJuly 12, 2019December 17, 2019 by International Finance DeskJuly 12, 2019December 17, 2019 The project is expected to contribute more than $6 billion to the Saudi Arabia’s GDP... Read more
EconomyTechnologyDFSA and Smart Dubai in MoU to start smart transformationInternational Finance DeskJuly 1, 2019December 12, 2019 by International Finance DeskJuly 1, 2019December 12, 2019 The MoU signed by Waleed Saeed Al Awadhi and Wesam Lootah was UAE’s first digitally signed MoU... Read more
Wealth ManagementNumber of billionaires in UAE and Saudi Arabia declines in 2018International Finance DeskJune 6, 2019 by International Finance DeskJune 6, 2019 Wealth X’s report finds that there are 55 dollar billionaires in the UAE worth $165 billion... Read more
EconomyDubai, Hong Kong sign deal to boost Islamic economy in Far EastInternational Finance DeskApril 18, 2019 by International Finance DeskApril 18, 2019 The agreement also proposes to recognise best practices in developing Islamic finance and halal trade... Read more
Event NewsFive new ventures win $10000 each at UAE’s AIM StartupInternational Finance DeskApril 11, 2019 by International Finance DeskApril 11, 2019 SMEs comprise 98% of all registered firms in the UAE and contribute 49% of non-oil GDP... Read more