The Dubai Financial Market (DFM) has reported a remarkable 22% increase in trading activity for the first three quarters of 2026, reaching a total of $44 billion. This surge in trading value can be attributed to the influx of 55,460 new investors during this period, indicating a vibrant interest in the market. The growth in...
In a remarkable demonstration of growth, the Dubai Financial Market (DFM) has reported a 22% increase in total trading value for the first nine months of 2026, reaching AED 162 billion. This surge follows the market’s strategic initiatives aimed at enhancing investor engagement and bolstering the financial ecosystem in Dubai. The DFM’s average daily trading...
In a remarkable demonstration of growth, the Dubai Financial Market (DFM) has reported a 22% increase in total trading value for the first nine months of 2026, reaching AED 162 billion. This surge follows the market’s strategic initiatives aimed at enhancing investor engagement and bolstering the financial ecosystem in Dubai. The DFM’s average daily trading...
Abu Dhabi Islamic Bank (ADIB) has reported a significant growth in its financial performance for the third quarter, with pre-tax profits rising by 6% to reach Dh6.4 billion. This upturn comes against the backdrop of considerable investments and a surge in customer acquisition, indicating robust demand for Islamic banking services in the UAE. The bank’s...
Kudo, a rising player in the fintech sector, has announced the development of a new mobile application aimed at creating a comprehensive financial ecosystem. This app is anticipated to enhance users’ trading experiences significantly, implementing modern solutions tailored to evolving market demands. The initial iteration of the app is set to revolutionize trading by integrating...
Checkout, a renowned fintech company, has taken significant steps to enhance the payment infrastructure for PRYPCO, a leading financial technology platform in the UAE. This partnership aims to bolster PRYPCO’s payment acceptance capabilities, reportedly increasing rates by an impressive 20%. Such improvements are not only crucial for PRYPCO but also indicative of a broader trend...
Shares of Bank of Baroda experienced a significant decline, dipping over 3% to Rs 230.40 on Wednesday. This slump follows alarming reports that BR Shetty, the founder of NMC Healthcare, has initiated a staggering $15 billion lawsuit against the bank in the Bombay High Court, claiming allegations of fraud. The legal actions by Shetty stem...
Fitch Ratings has highlighted the potential for economic growth in Ras Al Khaimah (RAK) as regional conflict risks diminish. In its latest assessment, the agency reaffirmed RAK’s Long-Term Issuer Default Ratings at A+, indicating a low likelihood of default and setting a positive tone for investors in the emirate. This optimistic outlook comes on the...
For many expatriates, the transition from the UAE back to India can be a complex process, especially when it comes to managing financial and tax-related matters. A well-structured approach is essential to ensure a smooth relocation. This article outlines a six-step guide for those considering a move from the UAE to India, emphasizing critical areas...
Non-resident Indians (NRIs) in the UAE are urged to prepare ahead as a three-day bank strike in India raises concerns about potential disruptions to banking services. The strike, initiated by the United Forum of Bank Unions (UFBU), aims to protest against banking policies that union leaders believe undermine job security and labor rights. As a...