by Jibran Munaf | August 6, 2024 | Breaking, Economy, Markets
Emaar, Emirates NBD, and DIB saw massive drops alongside shares in ADX and Tadawul as global markets are affected by investor sentiments with Wall Street’s ‘fear index’ reaching its highest level in four years. The Dubai Financial Market (DFM), Abu Dhabi Securities...
by Jennifer George | August 6, 2024 | Banking, Breaking, Central Banks, News
The National Bank of Ras Al Khaimah has reported its financial results for the first half of 2024. RAKBANK delivered a record net profit after tax of AED 1.1 billion, with a year-on-year growth of 21% driven by diversified growth in the balance sheet, continued sales...
by Jennifer George | July 24, 2024 | Breaking, Economy, News
The UAE has entered the league of the ten most powerful passports in the world, based on a new update on the Henley Passport Index. The UAE rose 53 places since the inception of the list in 2006, which consists of 152 countries across the globe. Henley & Partners...
by Jennifer George | July 24, 2024 | Breaking, Economy, News
Dubai’s economy is flourishing at 3.2% year-on-year, amassing AED 115 billion in the first quarter of 2024. These biannual figures are a direct reflection of strategic growth and investments in sectors such as transportation, food services, real estate, and...
by Jennifer George | July 19, 2024 | Breaking, Cryptocurrencies, Currencies, Trending Now
WazirX, one of the few Financial Intelligence Unit (FIU)-registered crypto exchanges in India, suffered a $230 million security breach on July 18, 2024. The crypto exchange confirmed the breach in a post on X (formerly Twitter) nearly 24 hours ago. Upon detecting...
by Jennifer George | July 18, 2024 | Banking, Breaking, News, Trending Now
The first half of 2024 showed great promise for Emirated NBD, which delivered a record profit of AED 13.8 billion. The bank credits increased lending across its regional network and substantial impaired loan recoveries for these profit projections. The Dubai...
