Author: Editorial team
Dubai: The Dubai Financial Market index closed yesterday’s trading session up by 0.361% at 5858.87 points, supported by the rise in shares of four sectors, most notably the banking sector.The market capitalisation of Dubai Financial Market rose to AED977.42 billion at the end of yesterday’s session, compared to approximately AED973.54 billion at the end of trading the day before yesterday, with gains of approximately AED3.88 billion.The shares listed on the market attracted liquidity exceeding AED351.79 million, after trading on approximately 141.14 million shares, and executing 10,999 transactions.During yesterday’s trading, foreign (non-Arab) investors turned to buying with a net investment of…
Google Cloud and CaixaBank recently extended their existing partnership to the year 2033. This news arrives as the bank looks to expand its use of AI and cloud technologies to serve 13 million customers. Under the agreement, CaixaBank will deploy Google Cloud’s Gemini Enterprise platform to develop and manage AI agents. The bank expects the agents to help employees analyse complex financial information, automate repetitive tasks and streamline everyday workflows. The companies identified three areas for the expanded partnership. CaixaBank plans to use Gemini Enterprise to analyse large datasets and deploy specialised AI agents for document management, classification and summarising…
Abu Dhabi: The Abu Dhabi Family, Civil and Administrative Court ruled that a husband must pay his wife Dh300,000, the value of a debt he acknowledged in a promissory note, after she bore the expenses of living, rent and the expenses of their two daughters during his years of financial incapacity, stressing that his signature on the acknowledgment entails its legal consequences, and he may not evade the obligation without evidence proving his claim of coercion. In detail, a woman filed a lawsuit against her husband, demanding that he be obligated to pay her Dh300,000, the value of the debt…
BANGKOK, 13th October, 2026 (WAM) — The Central Bank of the United Arab Emirates (CBUAE) and the National Bank of Georgia (NBG) have signed a Memorandum of Understanding (MoU) to strengthen financial and supervisory cooperation and facilitate the exchange of information and expertise in central banking. The MoU aims to support financial stability and the development of the banking and financial sectors in both countries. The MoU was signed by Khaled Mohamed Balama, Governor of the CBUAE, and Natia Turnava, Governor of the NBG, on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank…
Artificial intelligence (AI) could unlock more than $1 trillion (Dh3.67 trillion) in economic and sustainability value across the Middle East and North Africa (Mena) by 2030, but realising that potential will depend on faster grid connections and effective management of rising energy and water demand, according to two new World Economic Forum (WEF) reports published on Wednesday.“Mena has the resources, investment capacity and ambition to become a major centre of AI-led growth. Turning that ambition into reality will require innovation across data-centre infrastructure, energy and water systems, and the application of AI to drive sustainability solutions,” said Maroun Kairouz, managing…
Dubai: Summer is slowly giving way to cooler months in the UAE. Temperatures continue to fall slightly today, as rain showers continue in certain regions of the country. The National Centre of Meteorology (NCM) forecasts fair to partly cloudy weather today, with a chance of some convective cloud formation eastward and westward by afternoon, which may be associated with rainfall in regions like Fujairah and Kalba. Temperatures in the mid-30s Humidity is still high across the UAE today, with a maximum range of 70% to 90% in coastal and island areas. It is set to build up by tonight and…
Home UAE Hamdan bin Mohammed awards Marwan bin Ghalita inaugural Mohammed bin Rashid Leadership Medal Dubai Municipality Director General recognised for advancing leadership development and empowering second-tier talent across the organization Emirates247 Published: 13 October 2026, 19:53 (UAE)Updated: 13 October 2026, 20:55 (UAE)4 min read In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of…
DUBAI, 13th October, 2026 (WAM) — The World Economic Forum (WEF) has appointed Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Chairperson of Frontier25, The Climate Tribe, Aurora50, Alliance for Global Sustainability (AGS), and Reset MENA, as the Executive Fellow of the Science, Discovery and Innovation pillar, one of six core themes of the Annual Meeting of Global Future Leaders, taking place from 13th to 15th October in partnership between the UAE Government and the World Economic Forum. The appointment represents a further international recognition of the role played by Emirati leaders in shaping the future and highlights Sheikha Shamma’s…
Savills data shows luxury apartments averaging Dh5,237 per square foot, 669 transactions above Dh10 million and a Dh1.5 billion project sold out on launch day. Here’s the full Q3 market breakdownAccording to the Dubai Residential Real Estate Market Report for the third quarter of 2026, the average price per square foot for luxury apartments was AED5,237, compared to AED2,791 for luxury villas and townhouses. Picture credit: Supplied Source: Emirates 24|7
DUBAI, 13th October, 2026 (WAM) — H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of the Dubai International Financial Centre (DIFC), met with Bernard Mensah, President of International, Bank of America, one of the world’s leading financial institutions. The meeting highlighted the UAE’s growing position as a global financial hub and Dubai’s role in connecting international businesses with opportunities across regional and global markets. Discussions explored opportunities for cooperation in corporate and investment banking, wealth and asset management, and trade finance, as well as the role…