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Criminals reverting to old-school tactics with new twists: VisaVisa’s the State of Scams: Fall 2024 Biannual Threats Report brings to light several emerging threats and scams targeting banks and consumers, including a surprising resurgence of small-scale physical crime. “Visa invested $11 billion in tech More… |
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ESG sukuk growth to be sustained in Q4 24-2025: FitchGlobal ESG sukuk issuance is expected to continue rising over Q4, 24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says. The expected US Federal Re More… |
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Dubai’s expansionary budget to support GDP growth: researchThe announcement of an expansionary budget for Dubai, with a significant allocation for infrastructure spending will support the view that growth will remain constructive over the coming years. “We forecast a real GDP expansion of 3.5% this year an More… |
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World’s visionary leaders address humanity’s challengesGlobal leaders, visionary innovators and influential investors have gathered at the 8th annual Future Investment Initiative (FII) to explore the theme “Infinite Horizons: Investing Today, Shaping Tomorrow.” Under the leadership of CEO Richard More… |
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Dubai allocates 46% of 2025 budget for infrastructureDubai government has allocated 46 per cent of the total spending proposed in its 2025 budget for the infrastructure sector and its related construction projects. Dubai government on Tuesday approved three-year budget cycle (for 2025-2027) with a total More… |
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Dubai approves largest ever surplus three-year budgetDubai government's three-year budget cycle (for 2025-2027) has been approved with a total expenditure of AED272 billion ($74.05 billion) and a total revenue of AED302 billion ($82.22 billion). This budget cycle, the largest in the emirate’ More… |
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Global economic growth stagnates at 2.7%, says UNCTADUN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen between 2011 and 2019 and well below the 4.4% average in the years before the 2008 financial crisis. More… |
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Mashreq's 9-month pre-tax net profit surges 9pc to $1.7bnLeading UAE bank Mashreq has delivered strong financial performance for the first nine months with a pre-tax net profit of AED6.5 billion ($1.7 billion), indicating a notable 9% growth over the same period last year, despite an increase in corporate income tax with almost AED500 milli More… |
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Travelex undertakes major UAE expansionTravelex, a market leading foreign exchange brand, has undertaken a major expansion in the UAE with the launch of 13 new stores across Abu Dhabi and Dubai airports. At Zayed International Airport, Travelex is doubling its store footprint from seven to 14 store More… |
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Foreigners remain net buyers of GCC stocks: Kamco InvestForeign investors, including institutional and retail investors, were net buyers on GCC stock markets during Q3-2024 with net buying at $3.71 billion as compared to $3.66 billion in net buying during Q2-2024. The trend remained positive from the start of More… |
