In a move signaling growing confidence in the Middle East’s financial markets, global investment management firm Barings has announced plans to open an office in Abu Dhabi, just months after establishing operations in Dubai. The expansion marks a strategic push into one of the world’s fastest-growing asset management hubs, positioning Barings to tap into the […]
Dubai, a global hub of commerce and innovation, demonstrated its economic resilience by achieving a remarkable 2.8% year-on-year growth in the first quarter of 2023, reaching a total of Dh111.3 billion. This growth, spanning across various key sectors, including transportation, storage, finance, and insurance, reinforces the emirate’s commitment to ambitious goals of doubling its GDP […]
Bolivia has been experiencing an economic boom in recent years, but the scarcity of US dollars is posing a significant threat to the country’s growth. This article explores the impact of the US dollar scarcity on Bolivia’s economy, and what steps can be taken to address this crisis.
Al Ansari Financial Services has been experiencing strong growth in transaction volumes, attributed to the UAE’s robust economy and increasing popularity of digital financial services. The company has been investing heavily in digital technologies and offering innovative solutions that cater to modern consumer needs.
The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.
Dubai Electricity and Water Authority (DEWA) has achieved impressive results in the latest Brand Finance rankings. DEWA’s brand value increased by 30% and the company was named as the second most valuable Middle Eastern utilities brand. The Brand Guardianship Index 2023 issued by Brand Finance also ranked Saeed Mohammed Al Tayer, MD and CEO of […]
The Dubai International Financial Centre (DIFC) hosted the world’s first summit dedicated to advancing the COP28 climate action agenda in the global finance industry, according to Emirates News Agency. More than 500 people attended the first of a series of finance summits aimed at spurring proactive action to accelerate the green transition and lead the […]
Financial literacy is an important life skill that all individuals should possess, and it’s never too early to start teaching it. In fact, financial education is especially crucial for youth, as it lays the foundation for their financial well-being later in life. Unfortunately, many young people today lack the basic financial knowledge needed to make informed decisions about their money. This is why it’s so important for parents and educators to prioritize financial literacy in youth and teach them about money management early on.
One of the main reasons why financial literacy is important for young people is that it helps them avoid financial mistakes that can have long-lasting consequences. For example, if a young person doesn’t understand the importance of budgeting and saving, they may spend their money impulsively and accumulate debt. This debt can then follow them into adulthood, making it more difficult for them to achieve financial stability and success. However, if they have a solid understanding of money management from a young age, they are more likely to make wise financial decisions and avoid costly mistakes.
The Association of Chartered Certified Accountants (ACCA) has announced the expansion of its “Women in Finance” initiative across the United Arab Emirates (UAE) region. The program, which was launched in 2020, is aimed at empowering women in the finance sector and promoting gender diversity and inclusion in the workplace. The expansion of the initiative in […]
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh. Saudi Arabia and Oman have signed 13 investment memoranda of understanding between the public and private sectors of the two countries covering various sectors. The agreements were signed at the four-day Saudi-Omani Investment Forum, which is being held in Riyadh under the […]
