Browsing Tag
FINANCE
9 posts
Dubai’s Economy Grows 2.8% to Dh111.3 Billion, Contributing to Ambitious GDP Doubling Goals
Dubai, a global hub of commerce and innovation, demonstrated its economic resilience by achieving a remarkable 2.8% year-on-year…
US Dollar Scarcity Threatens Bolivia’s Economic Miracle: Can It Survive the Currency Crisis?
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 experienced an increase in transaction volumes of over 30%.
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.
Dubai’s Al Ansari Exchange has completed its first public offering (IPO), generating Dh773 million.
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.
Brand Finance ranks DEWA with exceptional results
Dubai Electricity and Water Authority (DEWA) has achieved impressive results in the latest Brand Finance rankings. DEWA’s brand…
The first finance summit dedicated to advancing the COP28 climate action agenda held in DIFC.
The Dubai International Financial Centre (DIFC) hosted the world’s first summit dedicated to advancing the COP28 climate action…
Financial literacy in youth: Why it’s important to teach your teens about money
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.
ACCA’s women in finance expands mission across the region
The Association of Chartered Certified Accountants (ACCA) has announced the expansion of its “Women in Finance” initiative across…
Saudi Arabia, and Oman sign 13 investment agreements, the value exceeding SAR1bn
The agreements were signed at the Saudi-Omani Investment Forum being held in Riyadh. Saudi Arabia and Oman have…