National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The report shows a significant increase in HNWI migrations, highlighting a growing trend of millionaires seeking stability and opportunity in favourable jurisdictions
In an exclusive interview with Gulf Business, SharkNinja’s Tom Brown shares the strategy driving the global product design and technology company’s expansion in the UAE and Middle East
The CTO shares the findings of Help AG’s State of the Market Report, which delivered key insights into cybersecurity threats, trends and emerging technologies over the past year
CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023
In addition to approving the housing aid, the cabinet launched the Manzili initiative, a streamlined service bundle designed to simplify the housing loan application process for programme beneficiaries
The global financial giant has tapped former Mubadala and Goldman Sachs executive to lead its operations in the three GCC countries
The new traffic law, aims to facilitate the broader adoption of self-driving vehicles and electric cars, keeping in line with advances in modern urban planning and sustainability efforts
Real estate ownership through a corporate entity offers several important benefits over purchasing as an individual, especially when it comes to financial efficiency and legal protection
The forex market is constantly evolving, so it’s crucial to keep learning and adapting to stay ahead
The exchangeable bonds were issued in May 2021 along with the offering of approximately 375 million shares in ADNOC Distribution
Public and private sector workers will have a four-day weekend to mark Eid Al Adha 2024
Delivery bikers will be given interactive maps to help them easily locate and access the rest stations during the midday break
The initiative was unveiled in 2021 to pilot cross-border payments in digital currencies issued by central banks
The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance
The commercial venture will be implemented in early 2025 when the two carriers secure governmental approvals
The trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds
The transaction achieved the largest price tightening by any UAE bank in the last five years for an additional tier 1 transaction
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
Dubai has historically been a city where many people prefer renting, but visa reforms are driving a shift towards home ownership
Egypt commercial banks’ foreign assets climbed by $606m in April while their liabilities rose by $653m
With the inauguration of the latest studio in Dubai, Lucid now has 38 studio locations worldwide
The fuel price committee reduced the retail rates for Super 98, Special 95, and E-Plus 91 by as much as 20 fils per litre in June
The UAE’s active participation in China’s BRI includes substantial investments and infrastructure development, reinforcing its role as a critical logistics hub
Sheikh Mohamed highlighted the importance of the China-Arab States Cooperation Forum in a time when global solidarity is crucial to facing shared challenges
The visit comes amid growing trade ties between the UAE and China
Under the CEPA, both nations will eliminate tariffs on more than 90 per cent of imports over time
Capacity discussions can be complicated by different oil price preferences among OPEC+ members
The prevailing foggy conditions signify the transition of seasons from winter to summer, which is distinguished by variability and a rapid change in weather patterns
The development bank seeks to provide Dhs30bn in financing to support 13,500 companies within five priority sectors by 2026