Dubai’s financial regulator conducted a search last month at the offices of Magellan Capital Limited, following complaints from a former trader who claimed a senior executive at the hedge fund startup …
Dubai-Based idea-L® Raises $1M in Oversubscribed Pre-Seed to Launch AI-Powered Cofounder Platform Across the Middle East.
Peter Goodwin, CEO & Founder (middle); and Mark Hill, CLO & Co-Founder (right) DUBAI, UAE — idea-L®, the artificial intelligence (AI) and Web3-powered platform that turns ideas into investor-ready …
Hottest investment trends in the UAE: Watch our latest Breakfast Briefing panel event
From global mobility and residence-by-investment to IPO outlooks and the great wealth transfer, this Gulf Business panel event in Dubai on June 25 brought together leading voices to decode the UAE’s …
Dubai selection to host SIBOS 2029 confirms global confidence in UAE’s leading position: UBF
UAE Banks Federation (UBF) has reaffirmed that the selection of Dubai to host SIBOS 2029, the annual conference, exhibition and networking event organised by the Society for Worldwide Interbank …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected – Reuters
Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with investors expecting healthy …
UBF: Dubai selection to host SIBOS 2029 confirms global confidence in UAE’s leading position
SIBOS 2029, to be held in Dubai, will provide UAE banks with the opportunity to highlight to all SWIFT participants UAE’s financial and banking industry’s development. SIBOS attracts more than 10,000 …
UAE residents need nearly $1,800 monthly to become millionaires in 10 years, financial experts reveal
Most UAE residents are missing millions in potential wealth by starting too late, despite having a unique tax-free advantage, experts told Arabian Business …
Equity Group to Become First Kenyan Bank to Expand into UAE
Equity Group shareholders have approved the opening of a Representative Office in the United Arab Emirates (UAE), making Equity the first Kenyan bank to set up operations in the Middle East. The group …
UAE Bank Banned from Taking New Customers for 6 Months
A UAE-based bank has been barred from accepting new customers for six months after breaking Sharia governance rules that apply to Islamic banking. The Central Bank of the UAE (CBUAE) issued the …
UAE earns top sovereign credit ratings from Moody’s, S&P, and Fitch in 2025
The UAE has secured strong sovereign credit ratings from the world’s top three agencies – S&P Global (S&P), Moody’s Investors Service (Moody’s), and Fitch Ratings (Fitch) – reinforcing international …
UAE Central Bank fines UAE based bank Dh3.5m, halts new accounts over Sharia, AML breaches
A UAE-based bank has been penalised by the Central Bank of the UAE (CBUAE) for failing to comply with Sharia governance requirements. The disciplinary action includes a six-month ban on accepting new …
UAE Central Bank suspends bank’s Islamic window from onboarding new customers for six months
The UAE Central Bank has suspended the Islamic window of a bank operating in the country from onboarding new customers for six months and also fined it more than Dh3.5 million ($953,632) for …
Mubadala backing Hong Kong insurer FWD’s IPO
The UAE’s Mubadala Capital is reported to be one of the cornerstone investors in insurer FWD Group Holdings’ initial public offering in Hong Kong. The other cornerstone investor will be Japan’s T&D …
Dubai Investments breaks ground on Asayel Avenue, expanding the AED 2.2bln Mirdif Hills development
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has officially broken ground on Asayel Avenue, a new residential cluster expanding the AED 2.2 billion Mirdif …
BitGo’s assets under custody surge to $100B
The value of digital assets under BitGo Inc.’s custody has surged. BitGo’s vice president for its Asia-Pacific business, Abel Seow, said it had seen its assets under custody (AUC) rise from $60B to …
UAE Central Bank gold reserves hit $7.46bn in Q1 2025
The Central Bank of the United Arab Emirates (CBUAE) significantly expanded its gold reserves in the first quarter of 2025, adding AED4.444bn ($1.21bn) to reach a total of AED27.425bn ($7.46bn) by the …
2023 Best Mortgage Broker in Dubai and the UAE: Lenddoo Mortgages – Gulf Today
When it comes to securing a mortgage in the United Arab Emirates (UAE), finding a reliable and trustworthy mortgage broker is crucial. Among the array of options available, Lenddoo Mortgages won our …