By Saifur Rahman The International Monetary Fund (IMF) this week approved a 42-month credit line of US$4.7 billion including US$3.3 billion under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as US$1.4 billion under the newly created Resilience and Sustainability Facility (RSF). This approval enables the…

Arabian Post Staff Grant Thornton and its Asset Recovery Fund (ARF) announced the purchase of a AED 1.3 billion (US$ 357m) portfolio of distressed non-performing loans (NPLs) from Abu Dhabi Commercial Bank (ADCB), marking one of the first such portfolio sales from a local bank in the UAE. Grant Thornton…

DUBAI: Middle East-based investors are highly attracted to the U.S. real estate market due to its stability, security, and growth. To meet this increased investor demand, Glenwood Equity has partnered with U.S.-based …

It’s safe to say that over the past few years, cryptocurrency has been enjoying great popularity and has become extremely famous in this industry. And it appears to be like this trend has impacted every single aspect of the gambling industry. This refers to the players, companies, and countries from…

Online casinos are a popular form of entertainment worldwide, and Japan is no exception. With the rise of internet penetration and smartphones, many Japanese citizens are turning to online casinos for their gaming needs. However, with the increasing competition in the market, online casinos in Japan are looking for new…

Matein Khalid If banks were people, Standard Chartered Bank (SCB) would be a plain Jane spinster, always a bridesmaid but never a bride, jilted at the altar by her suitors and now at the nikah by First Abu Dhabi Bank. I had a near heart attack when I saw the…

By Saifur Rahman The total value of land and property sale and mortgage jumped 76.5 percent to US$143.86 billion (Dh528 billion) in 2022, from US$81.74 billion (Dh300 billion), in 2021, according to the Dubai Land Department, the emirate’s land and property registry. …

Arabian Post Staff According to the latest research by global property consultancy Knight Frank, buyers from the Middle East purchasing property in prime central London (PCL) hit a four-year high in the second half of 2022. Knight Frank’s data highlights that as a percentage of all property transactions in London’s…

There are five different parts of New York City: Brooklyn, the Bronx, Manhattan, Queens, and Staten Island. There are more than 200 languages spoken by the 8.4 million people who live there. They are what make New York the most exciting city in the world. New York is a world…