Tag: UAE

Al Ansari approves Dh300 million cash dividend for H2 2023

Shareholders of Al Ansari Financial Services PJSC, one of the leading integrated financial services groups in the UAE, have approved a recommendation by the...

Abu Dhabi’s industrial sector booms with 51% rise in licences

New data from the Abu Dhabi Chamber shows a surge in industrial licensing within the emirate (excluding free zones).  During 2023, the number of...

Nasdaq’s biggest shareholder Borse Dubai plans to sell stake worth $1.6 bln

Nasdaq Inc.’s biggest shareholder, Borse Dubai, is selling roughly one third of its stake — or 27 million shares — in the exchange operator...

Moove secures $100 million in Series B funding round

Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announced that it has raised $100 million in a...

UAE investments abroad hit $2.5 trillion in beginning of 2024: Secretary-General UAEIIC

The UAE has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan,...

EITC receives licences from UAE Central Bank to offer fintech services

Emirates Integrated Telecommunications Company (EITC), today announced that it has received licences from the Central Bank of the UAE (CBUAE) to offer new digital...

Australian, Asian businesses accounted for 50% of MNCs attracted by Dubai International Chamber in 2023

Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that 50 percent of the Multinational Corporations...

Bloomberg launches new Murban Crude Oil Index

 Bloomberg has announced a new Bloomberg Commodity Murban Crude Oil Index, aimed at tracking the performance of rolling futures on Murban Crude Oil. The...

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Can Soket AI Power India’s Foundational LLM Dream?

SUMMARY Founded in 2019, Soket AI spent its early years...

Closing Bell: Saudi main index retreats to 10,731.59

Parallel market Nomu lost 393.70 points to settle at...

50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...