Abu Dhabi Global Market, ADGM, and UAE Exchange have entered into partnership, to support, develop and promote the FinTech ecosystem in Abu Dhabi and the UAE. An MoU was signed by Promoth Manghat, Chief Executive Officer of UAE Exchange Group, and Richard Teng, Chief Executive Officer of...

Farhad Azizi, CEO of Azizi Developments, says the emirate’s property market has matured Dubai’s property market should be more heavily regulated, a real estate developer has claimed. The market already has strong oversight, said Farhad Azizi, CEO of Azizi Developments, but more...

Xiaomi has opened its first authorized Mi store in the region in partnership with local distributor TASK FZCO at the Burjuman Shopping Centre in Dubai, UAE. The new store will showcase Xiaomi’s powerful Mi 6 and entertainment-focused Mi Max 2 smartphones. Mi 6 is powered by Qualcomm’s...

New hotel openings have impacted demand in the emirate Dubai’s hospitality market saw steep declines in hotel rates last month as new supply and the shifting of Ramadan impacted demand. In preliminary data for July, research firm STR said the emirate saw a 3.6 per cent dip in...

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A total of 19 listed banks in the UAE reported net profit of around Dh19 billion ($5.17 billion) during the first half of the year, a 3.8 per cent growth from around Dh18.3 billion posted during the corresponding period last year. Matching previous expectations, the gains reflect the...