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Financials and Investment News in United Arab Emirates

Central Bank’s Budget Totalled AED650 Billion for H1 2023
8/21/2023 - The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report.

The report for June 2023 showed that...
Dubai Records Over AED2.81 Billion in Realty Transactions Monday
8/21/2023 - Dubai real estate market recorded 623 sales transactions worth AED2.43 billion, in addition to 112 mortgage deals of AED249.9 million, and 19 gift deals amounting to AED131.93 million, data released b...
Vacation Booking Platform 'Holiday Swap' Joins Ministry of Economy’s Nextgen FDI Programme
8/21/2023 - The Ministry of Economy has announced that Holiday Swap, a vacation exchange and booking platform with more than one million monthly users worldwide, is the latest company to join its NextGenFDI progr...
Total of Aed 190 Billion in Green Financing Dedicated By 6 Major Uae Banks: Ubf
8/21/2023 - UAE Banks Federation (UBF) revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and a...
DP World Partners With Caspian Week 2023 to Develop Logistics And Trade in Greater Caspian Region
8/21/2023 - DP World, a leading provider of worldwide smart end-to-end supply chain logistics, has partnered with the Greater Caspian Association and Integral Group of Companies, and their annual Caspian Week For...
Du to Host ‘Envision’ Event Next September
8/21/2023 - du, from Emirates Integrated Telecommunications Company (EITC), is set to host “Envision”, an exclusive event showcasing the latest ICT solutions that are revolutionising the future of work.

...
UAE’s Commitment to Leading Global Drive to Tackle Climate Challenges
8/22/2023 -  Hamad Ali Al Kaabi, UAE Permanent Representative to the International Atomic Energy Agency (IAEA), said that hosting COP28 reaffirms the UAE’s commitment to leading the global drive to tackle the cli...
Ajman Real Estate Transactions Total AED7.17bn in H1'23
8/22/2023 - The real estate market in Ajman showed robust performance in the first half of 2023 (H1'23), with total real estate transactions surpassing AED7.17 billion.

This figure, which represents a ...
Dubai Logs Over AED2.8bn in Realty Transactions Tuesday
8/22/2023 -  Dubai's real estate market recorded 578 sales transactions worth AED2.1 billion, in addition to 132 mortgage deals totalling AED702.33 million, and 12 gift deals amounting to AED19 million, data rele...
E& Capital Leads $5mn Series A Financing Round in Maxbyte
8/22/2023 -  e& capital today announced a lead investment in the US$5 million Series A financing round of Maxbyte, an innovator in the field of integrated digital and robotics solutions, to strengthen the company...
AD Ports Group’s Economic Cities, Free Zones And Digital Cluster Enhances Customer Experience
8/23/2023 - AD Ports Group has completed a number of initiatives under "The Abu Dhabi Programme for Effortless Customer Experience," a pioneering new model that enables effortless customer experiences across Abu ...
GCC Revealed As Top Export And Re-Export Market for Dubai Chamber of Commerce Members During H1 2023
8/23/2023 - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the GCC was the top export and re-export market destination for its members globa...
82% of Employees in UAE Open to Employers Investing Their End of Service Benefits
8/23/2023 - National Bonds, the savings and investment company, said that 82 percent of employees in the UAE are open to employers investing in their end-of-service benefits.

This insight strongly alig...
Dubai Chamber Of Commerce Showcases Benefits of ‘Business Sectors Platform’ for Business Groups
8/28/2023 - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has hosted an awareness-raising session on the competitive advantages offered as part of the Busine...
Dubai Logs Over AED1.9bn in Realty Transactions Monday
8/28/2023 - Dubai's real estate market recorded 639 sales transactions worth AED1.62 billion, in addition to 147 mortgage deals totalling AED267.43 million, and 24 gift deals amounting to AED45.74 million, data r...
E& Capital Invests in Ikigai Labs to Bring Generative AI for Tabular Data to All Enterprises in MENA
8/28/2023 - e& capital today announced its participation in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data.

Ikigai Labs has secur...
Uae’s Global Investments Holding Acquires 30% Stake in Eastern Company for Tobacco
9/4/2023 - The UAE’s Global Investments Holding company has agreed to acquire 30 percent of the total shares of the Eastern Company for Tobacco.

Under the agreement, Global Investments will acquire 30...
Fertiglobe, AD Ports Group to Explore Collaboration Opportunities in Egypt, UAE
9/18/2023 - Fertiglobe, the strategic partnership between ADNOC and OCI Global, today announced that it has signed a non-binding Memorandum of Understanding with AD Ports Group to explore logistics and supply cha...
FAB Announces Strategic Pathway Partnership With COP28
9/18/2023 - First Abu Dhabi Bank (FAB) announced its participation as a strategic pathway partner of the 28th UN Climate Change Conference of Parties (COP28), which is being held in the UAE from 30th November to ...
Abu Dhabi Sustainability Week to Host Special Edition at COP28
9/18/2023 -  Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and withing the framework of his keenness to champion sustainability as a key pillar of the UAE’s economic and social...

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