All Articles

Property & Real Estate

Metropolitan Premium Properties and Mallorca Properties close Dubai’s biggest residential land transaction for AED 690M

December 9, 2022

Metropolitan Premium Properties together with Mallorca Properties have closed Dubai’s single biggest residential land transaction to date – an AED…

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Retail Banking

CIB nominates Hisham Ezz El Arab as Chairman of Board of Directors

December 9, 2022

Renowned Banker Hisham Ezz El Arab was nominated by The Commercial International Bank (CIB) Bank Board of Directors to be…

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FinTech

DIFC-based fintech firms net $559m in funding during Jan-Sep 2022

December 8, 2022

Fintech firms based in the Dubai International Financial Centre  have secured more than Dhs2bn ($559m) in funding between January and…

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Awards and Recognition

Commercial Bank concludes 2022 with the “Bank of the Year” award in Qatar from The Banker Magazine

December 8, 2022

Commercial Bank  has been recognized as the “Bank of the Year" in Qatar for 2022 by The Banker Magazine owned…

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Comment & Analysis

Metaverse could contribute $15bln to GCC economy annually

December 8, 2022

The metaverse could contribute $15 billion to the GCC economy annually by 2030, with more than half of that amount…

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Comment & Analysis

UAE an exception in global trade, economy: Sheikh Mohammed

December 8, 2022

The UAE’s foreign non-oil trade created another record in the first nine months of 2022, totalling over AED1.6 trillion, a…

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Hedge Funds & Alternative Investments

Abu Dhabi's TAQA, ADNOC, and Mubadala become shareholders in Masdar

December 8, 2022

Abu Dhabi National Energy Company paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company, following…

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Hedge Funds & Alternative Investments

Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects

December 8, 2022

Saudi Arabia's sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East,…

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Regulation, Risk & Compliance

Saudi monetary conditions are reassuring, says central bank governor

December 8, 2022

Saudi Arabia's central bank governor said on Wednesday that monetary conditions in the Gulf Arab state are reassuring as a…

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Executive Moves

EFG International appoints Ali Sandila as the new CEO of its Dubai Advisory Office

December 8, 2022

EFG has announced the appointment of Ali Sandila as the new CEO of its Dubai Advisory Office, effective 01 December…

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Hedge Funds & Alternative Investments

UAE: Gold prices drop in Dubai in early trade

December 7, 2022

Gold prices fell in the UAE at the opening of the markets on Wednesday morning.   In the UAE, the…

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Tax

UAE announces VAT changes in gold, diamond sector

December 7, 2022

The Ministry of Finance has  announced the amendment of the VAT treatment on workmanship services when supplying gold and diamonds…

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