Central Bank of UAE revokes licence of ‘Dollar Exchange’ house

The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house operating in the UAE and struck off its name from the Register, pursuant […]
Fawry, BOTIM cooperate to enable international money transfers for Egyptian expats in UAE

The leading Egypt-based e-payment company Fawry has signed a memorandum of understanding (MoU) with the Emirati calling app BOTIM to offer residents in the UAE and Gulf Cooperation Council (GCC) […]
Dubai Duty Free rehired 5,000 employees, sees full rebound by 2024 – Colm McLoughlin

Dubai Duty Free (DDF) is expected to make a full rebound in sales next year, as airport passenger traffic continues to climb on the back of recovery in travel demand, […]
Swiss bank Edmond de Rothschild sets up MENA hub in Dubai’s DIFC

Swiss-based private banking giant Edmond de Rothschild Group is opening its MENA hub in Dubai’s DIFC today as part of efforts to significantly grow its presence and client base in […]
Abu Dhabi’s Yahsat proposes 2% increase in dividend as revenues hit $433mln

The board of Al Yah Satellite Communications Company (Yahsat), partly owned by Abu Dhabi state investor Mubadala, has proposed a 2% increase in dividend, as revenues rose to more than […]
Dubai property market may break more records in 2023

Many people were of the view that the rising interest rate is a threat to Dubai real estate. There were no major effects noticed in this regard in 2022. There […]