Tag: UAE

FAB, Microsoft announce strategic partnership to reshape future of financial services globally

First Abu Dhabi Bank (FAB) and Microsoft will collaborate in developing new AI-based banking capabilities under a strategic business partnership signed today, with the...

Gross banks’ assets increased to over Dh4.1 trillion at end of January 2024: CBUAE

The gross banks’ assets, including bankers’ acceptances, increased by 0.8 per cent, from Dh4.075 trillion at the end of December 2023 to Dh4.109 trillion...

Online Marketplace Spending Skyrockets by 143% During Ramadan in the UAE

Checkout.com forecasts surge in online spending this year among consumers in the UAE in areas like online marketplaces, apparel, and healthcare Trends follow 8.5% growth...

Indian tech firm bets big on growth out of its UAE hub

Recent years have seen a surge in adoption by large enterprises. As competition drives up costs and the global economy slows, companies are re-evaluating...

New UAE bankruptcy law to ensure safer business ecosystem

The new bankruptcy law coming into effect on May 1, 2024 in the UAE is expected to lead to more successful restructuring of insolvent...

Amanat delivers record FY 2023 revenue of AED718 million, up 40% YoY

Amanat Holdings has announced its audited financial results for the year ended 31st December 2023 (FY 2023). The company's revenue grew by 40% year-on-year...

Dubai: Empower approves Dh425 million dividends to shareholders

The annual general meeting (AGM) of the Emirates Central Cooling Systems Corporation PJSC (Empower) has approved its board of directors’ proposal to distribute cash...

4 UAE banks help raise Dh4.25-billion syndicated loan for Africa

Four UAE banks helped Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, raise a $1.16-billion (Dh4.25-billion) syndicated loan. In addition to UAE...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...