Tag: Dubai

Dubai regulator imposes $2.5mn in fines in financial services crackdown

The DFSA finalised eight enforcement actions and issued 24 alerts in 2024 Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year...

Bargains or bait? UAE Black Friday shoppers warned of digital dangers

According to recent reports, URL detections in the UAE have risen by 36.5 per cent, increasing from an average of 17.05 per cent in...

Dubai: Traditional banking ‘no longer valid’ as customers now want seamless transactions, says expert

It is not the era of competition but cooperation among banks, fintech and other industry players, a senior industry executive said on Wednesday. Speaking at...

Dubai GDP grows 3.3% in second quarter

Dubai’s gross domestic product (GDP) for the second quarter of 2024 grew 3.3 per cent year-on-year to reach Dh116 billion, data showed on Sunday. The...

Dubai: Emirates announces record-breaking half-year profit of Dh10.4 billion

The Emirates Group on Thursday reported its best-ever half-year financial performance, posting a profit before tax of Dh10.4 billion for the first six months...

Dubai population set to reach 4 million by 2026, report says

Dubai’s population is projected to hit 4 million by 2026 on a strong inflow of expatriate professionals flocking to the emirate for better job...

Ahmed bin Saeed opens GITEX GLOBAL 2024 as global tech community descends on Dubai

DUBAI: H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of...

Dubai: Some tenants opt for multiple-cheque rent payments despite higher rates

As the upward trend in Dubai property rental continues, tenants are opting for multiple cheque payments to manage their costs. The trend of 4-plus...

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Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT 

Wholesale and retail trade, restaurants, and hotels lead at...

This startup aims to replace Rs 4,000/month AI tools with AI agents you can hire like freelancers

In the last two years, artificial intelligence has become...