Some UAE banks ask for further temporary relaxations on key IFRS 9 compliances
A number of UAE banks, especially those with restructured loan exposures to corporates and SMEs, are seeking more - and…
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Partnerships that Bring Complementary Services and Technology Can Enable the Growth of Super-Apps in the MEA
The digital transformation of business and society has found fertile ground with early promise for the super-app model, specifically in…
UAE calls on global investors to benefit from its business-friendly environment
The UAE has urged global investors and industrialists to capitalise on its business-friendly environment that could help them achieve their…
Dubai’s residential market sees record growth in Q1 2022: CBRE
Global commercial real estate services and investment firm, CBRE Group, has reported that the total volume of transactions in Dubai’s…
Hoxton Capital Management gains US Securities & Exchange Commission licence
Dubai headquartered Hoxton Capital Management has gained a licence from the US Securities and Exchange Commission (SEC), effective as of…
First Abu Dhabi Bank withdraws offer for Egypt's EFG Hermes
First Abu Dhabi Bank (FAB) has withdrawn its offer for a controlling stake in Egyptian investment bank EFG Hermes, citing…
Abu Dhabi's villa market still 'undersupplied'
Abu Dhabi’s villa market remains undersupplied, as buyers continue to favour residential units with larger living spaces and recent deliveries…
Abu Dhabi stock exchange seeks more private sector listings
The Abu Dhabi Securities Exchange (ADX) has rebranded its “Second Market” as “Growth Market” to attract more private sector listings. …
Dubai property to sustain demand in 2022
Improving demand is expected to hold property prices steady in Dubai in the near term, according to leading real estate…
UAE to help African countries diversify their economies
The United Arab Emirates, UAE had indicated its commitment to assisting economies in Africa to diversify. Receiving the African…
IFC appoints new Director for the Middle East, Afghanistan, and Pakistan
IFC has named Khawaja Aftab Ahmed as the Regional Director for the Middle East, Pakistan, and Afghanistan. Ahmed will…
Saudi Arabia sees major growth in NFC payments
In light of the quantum leap in financial technologies and related sectors, the Kingdom of Saudi Arabia has witnessed remarkable…