#finance

consumer confidence in UAE banking sector rises to 90 per cent image-by-WAM

Consumer confidence in UAE banks climbs to 90%, here’s why

Abdulaziz Al-Ghurair, UBF and Mashreq chairman, said UAE banks are leveraging technologies such as AI, blockchain, and data analytics

Succession planning in the Middle East: Family businesses in the UAE are preparing to transfer $1tn in assets to their heirs over the next decade. As well as being a sign of economic vitality, this transfer comes with its own set of challenges.

Succession planning: Getting it right the first time in the Middle East

LGT has developed deep expertise in guiding high-net-worth families through the complexities of passing on their legacies, says the chief executive officer of LGT (Middle East) Ltd

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Unlocking financial freedom: 5 expert tips for retiring in the UAE

Retirement planning consists of anticipating future needs and factoring in potential healthcare costs while ensuring that the plan aligns with personal aspirations

Are Middle East online trading platforms responding to needs of demanding retail investors?

Do online trading platforms in the Middle East respond to the needs of an increasingly demanding retail investor base?

As financial literacy improves, especially among newer investors, their demands for more sophisticated information will also grow

NBK sells alternative investment unit to Janus Henderson

Janus Henderson buys alternative investment unit of Kuwait’s NBK

The team at NBK Capital Partners will join the $353bn asset manager as the firm’s new emerging markets private capital division

Dubai-Financial-Market releases upgraded ivestor app image Dubai Media Office

Dubai Financial Market releases upgraded iVestor app

The iVestor App allows direct subscription to both public and private offerings, enhancing investment accessibility in the region

Abu Dhabi's ADQ lists debut $2.5bn bond on London Stock Exchange

Abu Dhabi’s ADQ lists debut $2.5bn bond on London Stock Exchange

Leveraging favourable market conditions and investor appetite, ADQ’s bond issuance garnered significant interest

ADQ, QIA to boost tech driven companies and economy through the Jasoor Fund

UAE-Oman: ADQ, QIA launch $180m tech-focused fund

In 2022, ADQ and OIA identified investment opportunities worth over $bn in key sectors of Oman’s economy

UAE's FTA introduces Taxpayer Charter, lists rights, obligations image FTA

UAE’s FTA introduces Taxpayer Charter, lists rights, obligations

The introduction of the Taxpayer Charter is part of the FTA’s broader efforts to enhance taxpayer awareness about the UAE tax system

World leaders need to avoid protectionism, said International Monetary Fund chief Kristalina Georgieva Image courtesy IMF

IMF chief urges global policymakers to avoid protectionism

Addressing the Atlantic Council, Georgieva highlighted the pandemic’s lingering effects, including a staggering $3.3tn in global output losses since 2020, with vulnerable nations disproportionately impacted

Bitcoin drops 7.9% to $61,842

Bitcoin drops 7.9% to $61,842

The world’s biggest and best-known cryptocurrency is down 16.2 per cent from the year’s high of $73,794 on March 14

JFK Terminal 6 Roadway-Approach_ render Image courtesy The Port Authority of New York and New Jersey

Investcorp Capital joins $4.2bn JFK redevelopment project

The construction of Terminal 6 will be executed in two phases, with Phase I already underway and expected to be completed by 2025

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m

Emirates Development Bank milestones in numbers GettyImages-124638324

In numbers: Emirates Development Bank’s role in boosting UAE’s economy

The development bank has set an ambitious target of providing Dhs30bn in financing support to 13,500 companies by 2026

SCA declares Eid Al Fitr holidays for UAE financial markets Image WAM

Eid Al Fitr 2024: SCA announces holiday dates for UAE financial markets

The Eid Al Fitr holiday will start on Monday, April 8, 2024 (Ramadan 29, 1445 AH)

Tax strategies to help expand your business globally GettyImages-918061226

Plan to take your UAE-based business global? These tax strategies will help

When it comes to expanding globally from a UAE base, the complexity of tax regulations across different jurisdictions can pose significant hurdles

Tadawul marks 400th listing across all securities

Saudi’s Tadawul marks 400th listing across all securities

The Saudi Exchange played a pivotal role in facilitating more than SAR11.9bn ($3.2bn) raised through IPOs on the Main Market in 2023

Modern Mills Company starts trading on tadawul after successful IPO GettyImages-1057624978-e1636003123118

Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders

The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital

Mubadala invests in Avanse

Mubadala invests in India’s Avanse Financial Services

Avanse, India’s second-largest NBFC in the education finance sector, provides hyper-personalised education financing solutions to students

Kim Medina of Knightsbridge Group on the importance of creating wills and trusts

Creating wills, trusts in the UAE: What you should know

In the absence of a well-structured will or trust, beneficiaries in the UAE could encounter several challenges

Financing nature-based solutions in the MENA Region

Financing nature-based solutions in the MENA Region

Public-private partnerships exemplify such collaboration, with government support bolstering confidence among private investors and financial entities to co-invest in NbS projects

UK’s abolition of non-dom tax status: How Dubai stands to benefit

By April 2025, a revamped tax regime will take effect, stipulating that all foreign income and gains will become taxable after just four years of UK residence

Moove raises USD100m in series b round Image Moove

Moove raises $100m in Series B round: Mubadala, Uber invest

The funding comes after a year of significant growth for Moove that saw the company increase its annual recurring revenue to more than $115m

Bitcoin tops $72,000 as demand frenzy intensifies

Bitcoin hits record above $72,000 as demand frenzy intensifies

The world’s most valuable cryptocurrency has been boosted by a flood of cash into new spot bitcoin exchange-traded funds

Mamou Marianna, the head of Advice Beyond Investing at UBS Chief Investment Office, shares the impact of the global gender retirement gap and it its implications for the Middle East.

The global gender retirement gap and its regional impact

Another important consideration regarding pension allocation and savings for retirement is that women face a higher probability of retiring early

Financial literacy is the key to uplifting women

Financial literacy empowers women to cultivate a habit of regular savings and investing, and it starts with keeping track of expenses and budgeting

ADGM’s assets under management rose by 35% in 2023

ADGM says assets under management rose by 35% in 2023

A total of 102 asset managers, comprising investment firms and hedge funds, who manage 141 funds have set up shop in Abu Dhabi

o boost anti-financial crime efforts GettyImages-927096466

UAE strengthens anti-financial crime efforts with new MoU

The new MoU reaffirms the UAE’s commitment to tackling financial crime through enhanced cooperation, training and innovation in combating these evolving threats

Are you set for retirement? Image Getty Images

Insights: What you should consider when planning your retirement

We explore how private markets can boost your retirement portfolio

DIB reports profit of 2.7 bn in h1 2022

DIB raises $1bn for ESG projects with 3rd sustainable sukuk

The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year