Oliver Wyman names Souheil Moukaddem global leader of Cyber Risk
Oliver Wyman has appointed Middle East based Souheil Moukaddem as the new global leader of its Cyber Risk practice. …
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UAE banks’ investments hit 13-month high in November
UAE banks’ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13…
UAE’s real estate sector to remain resilient in 2023, with growth prospects ahead
A combination of strong business conditions and limited availability of good quality office spaces were broadly responsible for double-digit growth…
Dubai Investments buys stake in UK digital bank Monument
Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent…
Globaleye unveils wealth management platform
International advice firm Globaleye has launched a wealth management solution, offering both digital-only and hybrid wealth advice. Globaleye 3.0…
GMG to ramp up growth in Southeast Asia, aims to launch 100 stores by 2025
GMG, the UAE-headquartered retailing, distributing and manufacturing company, has unveiled its ambitious growth plans in Southeast Asia (SEA). The…
UAE employment contract changes: deadline, what is fixed term and all you need to know
The UAE’s amendment to fixed-term employment contracts is mandatory for all private sector companies and must be completed by the…
UAE bank investments hit 13-month high of $139bn
UAE bank investments exceeded AED511bn ($139bn) at the end of November 2022, according to the latest statistics of the Central…
UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes
Abu Dhabi investment group Yas Holding has launched a new real estate business to capitalize on the strong demand for…
UAE corporate tax: Ministry of Finance explains timelines, fines
The UAE Ministry of Finance held a virtual session, highlighting the features of the nation’s corporate tax regime. This…
Emirates NBD 2022 profits up 40% by $3.54bln
Emirates NBD saw its profits rise by 40% in 2022 to reach AED 13 billion ($3.54 billion) after an “exceptionally…
UAE's biggest bank FAB’s Q4 net profit falls 26%; misses estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q4 2022 net profit of 2.46 billion dirhams ($…