Yuze, a UAE-based AI-enabled digital business banking platform, and Zand, an AI and blockchain-powered digital bank in the UAE, have joined forces to provide digital business accounts to eligible SMEs …
UAE assumes MENAFATF presidency for 2026
MENAFATF comprises 21 member states across the MENA region,representing a combined gross domestic product estimated at more than $3tn …
UAE invests nearly $300bn in people, healthcare and growth under Sheikh Mohammed
Two decades under Sheikh Mohammed bin Rashid have seen $299bn invested in education, healthcare and growth in the UAE …
Biometrics replacing SMS OTPs for UAE online transactions
From January 6, 2026, major banks in the UAE will no longer send one‑time passwords by text message for online card transactions.
UAE takes over the Presidency of MENA Financial Action Task Force
Our collective efforts should contribute meaningfully to the global fight against financial crime,” says new President Hamid Saif AlZaabi …
UAE’s Emirates NBD mandates 3-year blue, 5-year green bonds
Roadshows have commenced for a three-year blue bond and a five-year green bond. The senior unsecured Reg S fixed rate benchmark offerings will come under ENBD’s $20 billion Euro Medium Term Note …
Dubai Chambers signs MoU with Abu Dhabi Islamic Bank to enhance support for small and medium-sized enterprises
Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Abu Dhabi Islamic Bank (ADIB) to strengthen banking support for the business community, with a particular focus on …
Dubai Residential REIT’s IPO oversubscribed 26 times
Dham Reit Management, a subsidiary of Dubai Holding, on Wednesday announced the final price of its Dubai Residential REIT IPO at Dh1.1 per unit, becoming the largest listed REIT in the Gulf …
Dubai outshines as GCC markets trail global rally in a divided year
GCC equity markets ended 2025 with mixed performances, underlining a widening gap between regional exchanges and global peers, as well as sharp divergences within the Gulf itself. Dubai emerged as one …
UAE bank to end SMS OTPs for online transactions from Jan 6, switch to biometric authentication
UAE banks are phasing out SMS OTPs for online card payments starting January 6, 2026, due to security risks like SIM-swapping and phishing. This shift mandates in-app authentication via push …
CRDB set for official Dubai office launch
By establishing a footprint in Dubai, CRDB aims to support regional efforts to attract FDI and integrate East African economies more deeply into global value chains …
New UAE decree laws give sweeping powers to Capital Market Authority
The laws will modernise the regulatory framework governing the financial sector, enhance its stability and competitiveness, and protect investors …
Dubai Residential REIT IPO is oversubscribed over 26 times
Dubai: The Dubai Residential IPO has been set at Dh1.1 a unit, which means that Dubai’s first stock market float of 2025 will have an initial market cap of Dh14.3 billion. And a gross dividend yield …
UAE now among the world’s wealthiest state investors with $2.93 trillion
The UAE is officially one of the world’s top money players. State-owned investors in the country now manage Dh10.75 trillion ($2.93 trillion), placing the UAE 4th globally, according to the 2026 …
Dubai bitcoin scammer Sahni gets jail sentence after losing appeal
A high-profile legal battle concluded on January 1, 2026, as Balvinder Singh Sahni — the Dubai-based businessman convicted over a massive Dh150 million ($40.8 million) Bitcoin money-laundering scheme …
Pay10 and First Abu Dhabi Bank announce Open Finance go live under the UAE’s open finance initiative Al Tareq
Dubai, UAE: Pay10 and First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, announce it has gone live on Open Finance for its retail …
UAE to introduce ‘sugar tax’ on sweetened drinks from January 2026
UAE will apply a new tiered Excise Tax on sweetened drinks from January 2026, linking tax per litre to sugar and sweetener content …