ABU DHABI / WAM Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, on Saturday underlined the importance of promoting financial literacy awareness in light of the increasing debt among Emirati Youth. With an overwhelming statistic of 70% of Emiratis under the age of 30 being in debt, there is a clear need for a scalable programme that can teach young ...

DUBAI / WAM The Dubai Airport Free Zone Authority (DAFZA) posted yet another banner year in 2015, achieving an impressive total revenue growth of 7% and total assets growth of 3%. As a gateway connecting the emerging markets in Middle East and Africa, the Freezone grew its number of registered companies by 22 %, with multinational companies in particular rising ...

DUBAI / WAM A delegation from Dubai International Financial Centre (DIFC) participated in the UAE-Luxembourg Council for Cooperation and Development of Islamic Banking and Finance. Aiming to strengthen DIFC’s long-standing partnership with Luxembourg, the visit included engagements with industry experts to share insights on the sophistication and future of Islamic finance and the impact of FinTech. FinTech has grown exponentially ...