The inquiries are from potential clients from India and the UK, the US and Africa — even as far afield as Brazil. They’re all looking to set up family offices in Dubai and Abu Dhabi, the twin emirates …
UK loses second spot in global fintech to UAE
The UK has been pushed into third spot on latest global fintech market size data for the first half of this year.
UAE banking assets exceed Dhs4.749tn in April, shows CBUAE report
The central bank’s total balance sheet stood at Dhs972.3bn, comprising Dhs449.1bn in current and deposit accounts …
Here’s why UAE bank customers will no longer receive OTPs via texts and emails
Customers of UAE banks will no longer receive one-time passwords for online financial transactions through SMS and email starting on Friday, according to messages seen by The National. Instead of the …
Dubai real estate: DLD, Masdar City announce new partnership to enable free zone property ownership
The partnership forms part of Dubai Land Department’s strategy to enhance the competitiveness of the emirate’s real estate market and expand the investor base by creating opportunities for free zone …
Dubai real estate: New DIFC-licensed platform allows anyone to invest in property from $137
Dubai investors purchasing fractional shares through Deed receive monthly rental income proportional to their ownership stake …
DLD x Emirates NBD partnership to advance real estate ecosystem and customer financial solutions
Under this partnership, DLD and Emirates NBD will collaborate on two forward-looking studies addressing procedural, and regulatory aspects …
Dubai’s Sidara weighs lowering Wood Group offer after UK regulator’s probe, FT reports
(Reuters) -Dubai-based Sidara is considering reducing the price of its takeover bid for Wood Group, as Britain’s financial regulator has launched a probe into the oilfield services provider, the …
UAE Aims for COP28 Finance Splash With $30 Billion Fund
The United Arab Emirates, host of the COP28 climate summit in Dubai, will put $30 billion into a new climate finance fund aimed at improving the flow of money into projects to reduce emissions …
Standard Chartered launches UAE’s first sustainable escrow and account bank solution
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available in the UAE and beyond …
UAE Equity Market Set To Welcome Up To Five Ipos
DubaiUAE equity capital markets are poised for an uptick in activity, with Citi forecasting three to five initial pub …
World’s rich ignore Middle East strife to bet on Dubai and Abu Dhabi
DUBAI] At the Dubai offices of Abbey Road Investment Group, the phone calls and emails keep landing from around the world. Read more at The Business Times.
Shorooq, the ‘Blackstone of the Middle East’ wants to shake up global finance
Often dubbed the “Blackstone of the Middle East”, UAE venture capital firm Shorooq Partners has bigger ambitions to be a “Shorooq for the world” by being a “multi-dimensional” investor. Bilal Baloch, …
Estate planning tips for NRIs with assets in both India and the UAE
One of the most effective methods is to prepare two different wills—one for Indian properties and one for UAE properties. This way, both wills are drafted as per the law of the respective country.
UAE banking sector assets exceed Dhs4.749 trillion by end of April
Total banking sector assets in the UAE, including bankers’ acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749 trillion at the end of …
DP World Trade Finance crosses $1bn mark, targeting gaps in emerging markets
DP World Trade Finance was launched to address persistent challenges faced by SMEs, many of whom are unable to secure loans from traditional institutions …
New UAE banking rule: How this will change the way you shop
Banks in the United Arab Emirates are phasing out one-time passwords (OTP) sent via texts and email as early as this week.