U.S. global firm Ulians Bernstein, which has $665 billion in assets under management, has been granted a Category 4 license from the Dubai Financial Services Authority and will be based in the Dubai International Financial Center for expansion in the Middle East. It will be chaired by the Managing Director …
Read More »Entertainment events, concerts and Eid fireworks in Dubai 8 days of celebrations and joy
Today in Dubai, with the start of Eid Al-Adha, 8 days of celebrations, joy and joy will start, with the activities of “Eid in Dubai”; Organized by the Dubai Festivals and Retail Corporation at the city level, from today until July 6. The “Eid in Dubai” agenda includes a series …
Read More »Sale of a residential unit for 100 million dirhams in “Palm Jumeirah”
On Thursday, the real estate market in Dubai recorded a real estate deal worth 100 million dirhams, which is a residential apartment located within the “Six Senses Residences” project in the “Palm Jumeirah” area, and it consists of 5 rooms and 4 parking spaces. Its total area is 2463 square …
Read More »Abu Dhabi Investment Office: Promising growth opportunities for investors in the emirate’s industrial sector
Abu Dhabi, June 8 / Eng. Abdullah Abdulaziz Al Shamsi, Acting Director General of the Abu Dhabi Investment Office, confirmed that the industrial sector in the Emirate of Abu Dhabi provides many promising growth opportunities for investors, while providing a comprehensive package of incentives and growth enablers for companies operating …
Read More »Real estate investment returns in Dubai jumped 12% and rose strongly during the first quarter, supported by higher rents
Dubai real estate recorded a jump in investment returns in apartments and villas during the first quarter of 2023, by 12.5%, compared to the same period in 2022; This is supported by the strong rise in rents at the level of various regions. The “Jumeirah Lakes Towers” and “Dubai Silicon …
Read More »The performance of Gulf stocks varied with the continuation of the US debt ceiling negotiations
The performance of stock markets in the Gulf Cooperation Council countries varied, on Wednesday, with the continuation of negotiations to raise the US debt ceiling, but without significant progress. The main index in Saudi Arabia declined 0.4% at 11236 points for the fourth consecutive session, as a result of losses …
Read More »813 million dirhams of “Emirates Development” financing for startups and small projects since 2021
Under the auspices of the Ministry of Economy, “Emirates Development” honors its partners from commercial banks and financial technology companies. Abu Dhabi, May 7 / The Emirates Development Bank and the Ministry of Economy honored the bank’s partners, including commercial banks and financial technology companies, in recognition of their role …
Read More »Hamdan bin Mohammed directs to exempt 426 citizens from paying housing loans with a value exceeding 146 million dirhams
Dubai on April 19 / In implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, “may God protect him”; His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive …
Read More »438.6 billion dirhams, the capital and reserves of UAE banks in January, a growth of 8.5%
Abu Dhabi, April 17 / The total capital and reserves of banks operating in the country increased on an annual basis by about 34.3 billion dirhams, or 8.5%, to reach 438.6 billion dirhams at the end of last January, compared to 404.3 billion dirhams at the end of January 2022. …
Read More »The Monetary Fund: 3.5% of the growth of the UAE economy in 2023, and 3.9% next year
The International Monetary Fund expected the UAE’s GDP to grow by 3.5% in the current year 2023, with a growth rate of 3.9% in 2024. The fund’s report indicated that inflation is expected to decline to 3.4% in 2023, to reach 2% in 2024. The fund expected the UAE to …
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