E-commerce market in the UAE is expected to surpass Dh48.8 billion by 2028
The UAE’s total e-commerce market size reached Dh27.5 billion in 2023, and is expected to surpass Dh48.8 billion in 2028,…
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UBS asset management leadership gets a refresh
UBS Group AG’s new head of asset management reshuffled the unit’s leadership, the latest overhaul at the bank as it…
UAE's 15 per cent remittance fee hike at currency exchange outlets comes into effect
UAE residents have now started paying the additional 15 per cent – or Dh2.5 – each on their remittances when…
Getting it right: The Middle East’s generational wealth transfer
The Middle East is on the cusp of a profound economic and cultural shift. Family-owned businesses, responsible for generating 60%…
Addleshaw Goddard adds new employment partner to growing Middle East business
Addleshaw Goddard has announced the appointment of Rachel Hill as a Partner in its regional employment practice. Her appointment quickly…
Tether partners with RAK DAO to boost adoption of Bitcoin, stablecoins in Ras Al Khaimah
The world’s largest stablecoin Tether has partnered with the UAE’s RAK Digital Assets Oasis (DAO) to drive the adoption of…
GCC bank’s profitability to remain strong in 2024 due to delay in US Fed’s rate cut
A delay in interest rate cuts by the US Federal Reserve will see Gulf Cooperation Council banks’ profitability remain strong…
Infosys & First Abu Dhabi Bank to modernize its banking infrastructure services
Infosys, a global next-generation digital services and consulting, has announced a multi-year strategic collaboration with First Abu Dhabi Bank (FAB),…
UAE releases new AI model Falcon 2 to compete with Meta, OpenAI
Abu Dhabi’s Technology Innovation Institute (TII), a government research institute released a new open source GenAI model, which could rival…
Bahrain’s GFH Financial posts 13% rise in Q1 2024 net profit to $27.14mln
GFH Financial reported a double-digit growth in net profit for the first three months of the year, supported by the…
Emaar Group's property sales grow 47%
Emaar Properties PJSC has released its financial results for the first quarter of 2024, showcasing consistent resilient performance and operational…
Dubai ranked No.1 globally for attracting Greenfield FDI projects for third successive year
Dubai has further reinforced its position as the world’s leading hub for foreign direct investment (FDI). According to the Financial…