CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023 The liquid assets of the UAE’s banking sector soared to Dhs786.6bn by the end of Q1 2024, marking a year-on-year increase of 28.2 per cent or...

TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid Spanish holding firm Criteria said on Monday it had not reached an agreement with Abu Dhabi’s TAQA over a potential joint takeover bid for Spanish gas firm Naturgy. El Mundo newspaper had...

The UAE Cabinet, chaired by His Highness Sheikh Mohammed Bin Rashid Al maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing package for citizens valued at Dhs1.682 billion. The UAE Cabinet, chaired by His Highness Sheikh Mohammed Bin Rashid...

The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital Abu Dhabi-based Alef Education said on Thursday that it had attracted $20bn (Dhs74bn) in orders for its initial public offering (IPO) on the local bourse, amid strong...

The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance The UAE’s government recorded revenues of Dhs66.2bn($18.03bn) and actual expenditures of Dhs58.2bn in 2023. The figures were part of the consolidated financial statement...

The Central Bank of the UAE (CBUAE) together with the Bank for International Settlements Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the People’s Bank of China, have launched the Minimum Viable Product (MVP)...

The Sharjah FDI Office (Invest in Sharjah) recently organised a business roundtable to convene industry leaders and prominent business owners from the People’s Republic of China. The event, attended by Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR),...

Zayed Higher Organisation for People of Determination (ZHO), in collaboration with the Emirates Humanitarian City, has completed the second phase of providing care and rehabilitation for People of Determination and injured Palestinians who have been transferred to the UAE for treatment....

Trade pact between the two states is expected to boost investment in Malaysia by the Gulf state’s sovereign wealth funds The UAE, one of the Middle East’s largest economies, agreed on Tuesday to forge deeper trade and business cooperation with Malaysia after the two countries’ non-oil...

Paul Griffiths says the airport operator will actively collaborate with airline customers, the government, and stakeholders to bring the Al Maktoum International Airport Project to fruition Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of...