by finance_admin | November 21, 2024 | Banking Regulations, Fintech, Technology
Dubai Chamber of Digital Economy (DCDE), one of the three chambers operating under the umbrella of Dubai Chambers, has announced that it supported the establishment and expansion of 485 digital startups in the emirate between Q1 and Q3 2024. This represents an...
by finance_admin | November 21, 2024 | News, Retail
Lulu Retail Holdings, the UAE-based hypermarket chain operator, has posted a remarkable 126% year-on-year (YoY) increase in its net profit for the third quarter (Q3) of 2024. The company’s net profit reached $35.1 million, demonstrating strong financial growth despite...
by finance_admin | November 20, 2024 | Industry, Real Estate
Dubai’s real estate sector is set to experience a remarkable 30% year-on-year growth by the end of 2024, according to the latest report from Property Monitor. The market has already set several records this year, reflecting the ongoing strength and confidence in...
by finance_admin | November 20, 2024 | Automotive, Mergers & Acquisitions
Abdulla bin Touq Al Marri, Minister of Economy, held a meeting with Peec Mobility officials to learn about the company’s future plans for the UAE market and their contribution to promoting the circular economy and sustainable transportation. The meeting forms part of...
by finance_admin | November 19, 2024 | Central Banks, Technology
The Reserve Bank of India (RBI) plans to introduce a locally-operated cloud service for financial institutions in 2025, marking a bold move to challenge global tech giants like Amazon Web Services, Microsoft Azure, and Google Cloud. The pilot program, developed in...
by finance_admin | November 19, 2024 | Aviation, Travel
Dubai International Airport (DXB) is poised to achieve record-breaking annual traffic after welcoming 68.6 million guests in the first nine months of 2024, marking a 6.3% increase from the same period in 2023. The momentum carried through to the third quarter, with...
