Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today confirmed that unprecedented numbers of hedge funds continue to set up in the Centre, boosting Dubai’s reputation as the region’s top location for the industry. Just in the last three months alone, many additional […]Read More
ADMO, the joint venture between Alpha Dhabi Holding and Monterock International Limited, today announced that it has signed a definitive agreement to acquire rapidly growing luxury lifestyle group, CE LA VI. This strategic move signifies ADMO’s accelerated efforts in building a diverse portfolio of luxury, lifestyle, F&B, and entertainment brands, significantly expanding its global lifestyle […]Read More
First Abu Dhabi Bank (FAB) announced its participation as a strategic pathway partner of the 28th UN Climate Change Conference of Parties (COP28), which is being held in the UAE from 30th November to 12th December 2023. FAB’s COP28 partnership is an integral part of the UAE’s vision to support a sustainable future, the bank’s […]Read More
ADNOC Gas today announced its financial results for the three months and six months ended 30th June, 2023 (Q2 2023) and (H1 2023). The Company’s H1 2023 revenue stood at a AED 38.9 billion (US$10.6 billion) compared to Pro Forma Adjusted Revenue of AED 48.8 billion (US$13.3 billion) in H1 2022, impacted by the pricing […]Read More
Dubai’s stature as a global meetings incentives, conferences, and exhibitions (MICE) destination continues to soar with the city registering a strong year-on-year growth of 44 percent in business event bid wins in the first half of 2023. The outstanding growth in the number of global events being hosted by the city contributes further to its […]Read More
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum. The Forum, which will be held on 4th-5th October 2023 at the Ritz-Carlton DIFC, will focus on mobilising sustainable finance and innovation by connecting industry […]Read More
The Central Bank of the UAE (CBUAE) today issued a notice to all banks and finance companies in the UAE outlining the measures taken to alleviate the burden of increased interest rates on residential real estate loans for UAE nationals (non-investment real estates). The measures, which come into effect as of 1st July 2023, cover […]Read More
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED17.413 billion by the end of March 2023, a YoY growth of 38 percent. The apex bank in its latest figures showed that gold reserves increased 9.4 percent on a monthly basis from AED15.91 bn in February 2023. During the Q1-23, […]Read More
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), met with Julie Sweet, the Chair and Chief Executive Officer of Accenture, one of the world’s largest professional services firms. The meeting […]Read More
Dubai Chambers has announced the opening of a new international office in Sydney, Australia, by Dubai International Chamber, one of the three chambers operating under Dubai Chambers. In addition, a Memorandum of Understanding (MoU) has been signed between Dubai Chambers and the Australia Arab Chamber of Commerce & Industry (AACCI). The move is in line […]Read More
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