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
The assets of Islamic banks operating in the country increased to 620.9 billion dirhams at the end of last January, with an annual growth rate of 5.6% or higher, 31.2 billion dirhams, compared to about 589.7 billion dirhams in January 2022, according to the latest statistics of the bank. Central. Central statistics showed an increase […]Read More
Launching a movement is never easy, but for Seif El Hakim, the founder of the Alpha Movement, it was a natural progression from his years of experience as a successful serial entrepreneur, Global CEO and martial arts fighter. The Alpha Movement is a community of like-minded individuals who are passionate about personal growth, success, and […]Read More
UAE stock markets Monday continued to capitalise on improved investor sentiments, with blue-chip communication stocks leading the gainers in the Capital’s bourse, and giant property Emaar driving the Dubai Financial Market’s best performance in a month. In Abu Dhabi, Index FADGI closed 0.752 % higher at 9,501.150 pts, buoyed by robust trading over telecom firms, […]Read More
The World Bank approved US$250 million in additional financing for the Education Support Program in Morocco, adding to the initial US$500 million Program approved in 2019. This financing is intended to support the Government of Morocco in delivering on a highly ambitious education reform agenda that includes expanding quality early childhood education services, supporting primary […]Read More
The Saudi Arabian Oil Company (Aramco or the Company) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. The results were […]Read More
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