For Non-Resident Indians (NRIs) seeking to manage their finances effectively, Foreign Currency Non-Resident (FCNR) deposits have emerged as a viable banking option. These accounts, which allow NRIs to hold deposits in foreign currency, are particularly appealing for those looking to maximize returns while maintaining currency stability. One of the primary attractions of FCNR deposits is...
Insurance House PJSC has announced a remarkable total comprehensive profit of AED 7.89 million for the first half of 2026, showcasing a staggering increase of approximately 183% compared to AED 2.79 million during the same period last year. This significant rise in profitability can be attributed to a robust growth in insurance revenue, which surged...
In a significant shift in the investment landscape, Gulf Non-Resident Indians (NRIs) are increasingly favoring the Reserve Bank of India’s (RBI) FCNR(B) deposit scheme over traditional investment funds focused on India. The surge in interest towards the FCNR(B)—which offers guaranteed dollar returns—reflects a broader trend where the allure of capital security is taking precedence amidst...
Salik Company PJSC, the sole operator of Dubai’s toll gates, has reported a strong financial performance for the first half of 2026, achieving a net profit of AED 704 million despite a reduction in traffic volumes. The company’s total revenue for the first six months of the year reached AED 1.412 billion, indicating a robust...
The GCC bond market is currently experiencing significant changes, characterized by heightened borrowing costs and increased scrutiny from investors. As companies navigate this financial landscape, it is crucial for board directors to grasp the underlying dynamics influencing capital structures in the region. The recent analysis by Haykala highlights that, despite stable fundamentals, the risk associated...
Abu Dhabi is gearing up to host its much-anticipated Finance Week from December 7 to 10, positioning itself as a burgeoning epicenter of global financial dialogue. This annual gathering aims to convene influential leaders who collectively manage assets exceeding $62 trillion, emphasizing the significance of artificial intelligence, digital currencies, and sustainable financial practices in the...
Gold prices have experienced a notable decline of 28% from their peak in January 2026, prompting analysts to examine potential factors that could stabilize the market. This decrease has raised questions about the overall health of the gold market and its implications for investors and businesses in the region, particularly given the historical patterns observed...
Ajman Bank has announced a strategic partnership with National Bonds, aimed at enhancing savings solutions and promoting financial inclusion in the UAE. This collaboration is set to explore a range of Shari’ah-compliant financial products, which is expected to resonate well with the region’s predominantly Muslim population. The partnership will leverage National Bonds’ expertise in savings...
In a significant rebound for the Gulf financial sector, banks in the region collectively raised $3.58 billion during the second quarter of the year, marking a resurgence in capital markets that had momentarily stalled due to recent conflicts. Leading this recovery, UAE-based lenders were at the forefront of the issuance activities, signaling a robust return...
As the deadline of July 31 approaches, Indian nationals residing in the UAE are reminded of their obligation to file Income Tax Returns (ITR) for the assessment year 2025-2026. This is a crucial time for those who have not yet completed their filings, as failing to do so can result in significant financial consequences. Expert...