The Central Bank of the UAE (CBUAE) has imposed a hefty Dh5 million fine on a bank operating in the UAE, signaling a stronger stance on financial compliance and anti-money laundering efforts. CBUAE Tightens Regulatory Grip In a move that underscores the UAE’s commitment to financial transparency and integrity, the Central Bank has taken decisive…
UAE’s Non-Oil Sector Activity Grows at Fastest Pace Since April The UAE’s non-oil sector has experienced significant growth, marking the fastest pace of expansion since April. According to the S&P Global UAE Purchasing Managers’ Index (PMI) for October, the sector’s activity has surged, reflecting a robust economic performance. The PMI rose to 54.1 in October,…
Here’s a 300-word article with two subtitles based on the provided information: UAE Banking Sector Achieves Milestone in Capital and Reserves The United Arab Emirates’ banking sector has reached a significant milestone, with the combined capital and reserves of UAE banks surpassing Dh500 billion for the first time. This achievement highlights the robust growth and…
Talabat Holding plc, the parent company of the popular food delivery and grocery platform Talabat, has announced its intention to float on the Dubai Financial Market (DFM). This move marks a significant milestone for the company and highlights the growing interest in technology and consumer services companies in the UAE’s financial markets. The subscription period…
OKX Launches ‘Trade Like a Pro’ Campaign in UAE OKX, a leading global crypto company, has unveiled its ‘Trade Like a Pro’ brand campaign in the UAE, marking a significant milestone in the region’s cryptocurrency landscape. The campaign, presented in both Arabic and English, aims to provide local traders with insights from professional traders and…
Description: The UAE banking sector demonstrated robust performance in Q2 2024, with top banks reporting improved asset quality and higher profits. The latest UAE Banking Pulse report by Alvarez & Marsal reveals significant growth in aggregate net income, driven by higher net interest income and lower impairment charges. This article explores key findings and insights…
Explore the thriving luxury real estate market in Dubai with expert broker Sidharth, who shares insights on the city’s unique offerings, investment opportunities, and future prospects for high-end property investors. Dubai: The Epitome of Luxury Real Estate Dubai has emerged as a global hub for luxury real estate, attracting investors and high-net-worth individuals from…
Discover how Vin Fernandez’s Spade Institute is transforming lives by providing accessible, high-quality education from kindergarten to doctoral levels, bridging educational gaps, and fostering real-world skills. In a recent episode of Business Time, host Elias sat down with Vin Fernandez, the visionary founder of Spade Institute, to explore how this innovative online school is reshaping…
Microsoft Expands Global Engineering Footprint to UAE Microsoft has announced the expansion of its Global Engineering Development Center to Abu Dhabi, UAE. This new center, one of the first engineering hubs in the Arab world, will focus on creating AI innovations, cloud technologies, and advanced cybersecurity solutions. The move strengthens the UAE’s position as a…
Clean Energy Surge in the Emirates The UAE has achieved a remarkable milestone in its journey towards sustainable energy, with clean sources now accounting for 27.83% of the country’s total energy mix. This significant leap brings the nation closer to its 2030 target of 30% clean energy production, as announced by Energy and Infrastructure Minister…
