UAE

Abu Dhabi 24-10-2019 The UAE Central Bank’s foreign currency balance increased to AED 374.33 billion in September of this year, an increase of approximately AED 47 billion and a growth of 14.3% compared to AED 327.3 billion in the same month of 2018. The value of bank balances and deposits …

Abu Dhabi 24-10-2019 The total assets of the UAE Central Bank increased by 1% during the month of September 2019, rising to about AED 427 billion compared to AED 422.61 billion in August of the same year. According to data released today by the bank, the significant increase in total …

Abu Dhabi 24-10-2019 The Central Bank of the United Arab Emirates has issued to the banks operating in the UAE a draft regulatory framework for banks’ exposure to the real estate sector for consultation. This framework has been prepared in line with the Central Bank’s ongoing efforts to develop its …

Abu Dhabi 24-10-2019 NASDAQ’s NEXT Deced Inc. and Mubadala Investment Company (Mubadala) announced that they have reached an agreement whereby Mubadala will buy $ 50 million of shares from NEXT DECIDE in a private placement. Next Deced ‘Ordinary Shares to swap at $ 6.27 per share. Mubadala’s investment will strengthen …

Abu Dhabi 24-10-2019 First Abu Dhabi Bank’s net profit for the first nine months of the year was AED 9.4 billion, up 4% compared to the same period last year, while the Group’s third quarter net profit was AED 3.1 billion, up 3% compared to the same period last year …

Abu Dhabi 23-10-2019 Abu Dhabi Securities Exchange (ADX) has recorded a remarkable presence at the third edition of the Fintec Abu Dhabi Financial Technology Festival, which was hosted by Abu Dhabi for three days. The market has entered into a platinum partner in the various events of the festival, and …

Abu Dhabi 23-10-2019 The Board of Directors of the Securities and Commodities Authority has decided to amend the definition of material information in all regulations issued by the Authority to become the new definition of this term as any information, event, decision or incident that directly or indirectly affects the …

Abu Dhabi 23-10-2019 The Abu Dhabi Global Market Academy (ADX), in collaboration with the Center for Finance, Technology and Entrepreneurship (CFTE) in London, launched a new program entitled “ Artificial Intelligence in Finance ” at the Academy of Financial Technology (Fintec) affiliated to the Academy at the Abu Dhabi Financial …

Dubai 23-10-2019 The Dubai Land Department, represented by the real estate investment promotion and management sector, participated in the World Property and Investment Expo 2019, held in Mumbai, India, along with a group of local real estate developers. His Excellency Sultan Butti bin Mujrin, Director General of the Department, said …

Sharjah 23-10-2019 The UAE-Kyrgyz Business Forum, held today in Sharjah, discussed partnership opportunities in the fields of trade and investment between the UAE business community and its Kyrgyz counterpart within a range of sectors of common interest. Organized by the Ministry of Economy in cooperation with the Sharjah Chamber of …