Asia-Pacific’s HNWI Population exceeds Europe’s for First Time
Wealth Management Firms Need to Offer Capabilities from Other Business Units to Meet Demands of Asia-Pacific HNWIs
Asia-Pacific’s population of high net worth individuals (HNWIs1) grew...
Commercial Bank of Dubai to provide Factoring Services to corporate and...
Commercial Bank of Dubai (CBD) announced today that it had signed a partnership agreement with Coface Emirates Services Limited to provide Factoring Services to...
Federal Ministries begin implementing the G2 E-Dirham System
Federal Ministries in the UAE have begun implementing the second generation of the E-Dirham within their entities as announced during a press conference held...
UAE to implement 5% VAT
The United Arab Emirates may soon set a value-added tax of 5 percent as part of a regional development plans, according to the undersecretary...
Corporate Fraud and Bribery Briefings
Ernst & Young has organized Corporate Fraud & Bribery Update briefings in Abu Dhabi and Dubai, attended by senior corporate officers. The briefings aimed...
Tamweel launches Home Finance Plus
Tamweel PJSC, the UAE Islamic home finance provider, announced today the launch of "Home Finance Plus," the country's first integrated home finance programme, which...
Markets advance on renewed optimism, crude price
Saudi Arabia’s benchmark stock index gained the most in three weeks after crude oil climbed above $80 a barrel. The Tadawul market index closed...
Emirates Money loan book reaches AED 1 billion in two years
Innovative UAE-based consumer finance company witnesses sustained growth despite global downturn
Demonstrating the appeal of its unique product range, Emirates Money, a consumer finance company...
Ernst & Young Reports 2011 Global Revenues of US$22.9 Billion
Good growth across all service lines
Emerging markets saw combined revenue growth of 20%
Headcount at an all time high of 152,000
Ernst & Young today announced...
Emaar seeks $800 mln loan guaranteed with shopping malls
Sources revealed Emaar Properties is seeking an $800 million two-tranche loan aiming to provide guarantees with four of its shopping malls, including The Dubai...
Reinsurance demand strong as primary market expands in MENA region
The reinsurance environment in the Middle East and North Africa (MENA) region is stagnant in many aspects, although it also contains many elements that...
S&P upgrades Emaar rating on recurring income
The good performance of Dubai-based property company Emaar Properties PJSC's leasing and hospitality assets, and fewer handovers of developments, has raised the proportion of...
DGCX Indian Rupee Options Contract available for trading
Dubai Gold and Commodities Exchange’s (DGCX) announced the trading on its newly launched Indian Rupee Options Contract to start from tomorrow (September 26).
The contract...
Emirates Money launches ‘Loan against Property’ for UAE residents
Loans of up to AED 3 million offered to UAE residents, against property owned in UAE
Repayment tenors of up to 15 years with facility...
MENA M&A deal volumes up 36%; Values rise by 8% in...
Deal volumes in Q2 2011 increased by 43% compared to the same period last year, from 67 deals in Q2 2010 to 96 deals...
Barclays opens Islamic window in Dubai International Financial Centre
Barclays Bank plc announced today that it has received approval to operate an Islamic Window in the Dubai International Financial Centre (DIFC), enabling it...
DFSA and Nasdaq Dubai announce the transfer of the official list...
The Dubai Financial Services Authority (DFSA) and Nasdaq Dubai announce that with effect from 1 October 2011 the responsibility for maintaining the Official List...
Services of Dubai Municipality, RTA, DED and DCCI now payable via...
Dubai Islamic Bank (DIB) and Dubai eGovernment announced today they have partnered to offer customers an easy online payment experience. Using Al Islami...