There has been a ‘significant return to lending’ by financial institutions in the Emirates, according to a new report.
Online food delivery and restaurant search service Zomato disclosed that information of close to 17 million user accounts has been stolen in a security breach, according to Bloomberg.
Dubai’s gross domestic product will likely accelerate this year at a faster pace than most Arab economies, bolstered by local spending and a pick-up in global trade, the International Monetary Fund said on Tuesday, according to Bloomberg.
Barclays Plc plans to recruit 100 staff for its private bank as Chief Executive Officer Jes Staley pushes to expand wealth management in key global hubs, according to a person familiar with the strategy, reports Bloomberg.
Dubai is in talks with banks for a possible Islamic bond sale, people familiar with the matter said, as it considers joining its Gulf neighbors in using public markets to fund a budget deficit, reports Bloomberg.