Dubai has emerged as the world’s single largest licensed Virtual Assets (VA) market, with year-to-date VA transaction volumes across regulated entities under the Virtual Assets Regulatory Authority …
Dubai Fasset Gets Malaysia Banking License to Launch Shariah-Compliant Stablecoin Bank – A First Globally
Dubai-based Fasset receives Malaysia banking license to launch world’s first Shariah-compliant stablecoin bank.
Stage set for UAE-backed G2G sale of First Women Bank
ISLAMABAD: The Privatisation Commission Board on Friday recommended a reference price for the privatisation of First Women Bank Limited to the Cabinet Committee on Inter-Governmental …
The US has approved billions worth of Nvidia GPU exports to the United Arab Emirates in ‘transformational US-UAE AI partnership deal’
The US government has had a bit of a tumultuous relationship with, well, most of the world around the export of chips, thanks to the exponential growth of AI and the uncertainty of tariffs. Large …
Ministry of Finance showcases digital transformation initiatives at GITEX Global
The Ministry of Finance (MoF) will showcase the latest milestones in its government digital transformation journey, as well as its innovative initiatives and efforts to develop financial services and …
UAE updates Central Bank law
UAE updates Central Bank law to strengthen financial stability, enhance consumer protection, and align banking regulations with global standards …
UAE President issues new law on Central Bank, financial entities
UAE issued a federal decree-law on the Central Bank, and the regulation of financial institutions and insurance activities. The law, issued by UAE President Sheikh Mohamed bin Zayed Al Nahyan, states …
UAE President issues Federal Decree Law on Central Bank, regulation of financial institutions and activities, and insurance activities
It is set to strengthen the Central Bank’s independence and vital role in ensuring financial and monetary stability …
Dubai at heart of $20tn alternative investment boom: DIFC
DIFC report reveals global alternative assets now exceed $20tn, with Dubai emerging as a global hub for high-growth investments …
DIFC’s ‘Future of Alternative Investments’ report underscores Dubai as gateway to diversified, high-growth markets for investors
DIFC’s role as a platform with powerful tools and globally recognised legal and operational frameworks to facilitate efficient cross-border investment …
My Dubai Salary: ‘I aim to be mortgage-free in seven years and retire when I’m 40’
Jayesh Jain, an Indian expat in Dubai, is only 33 but already owns two properties in Dubai and as many in his home country. With the aim of retiring aged 40, he hopes the investments he has made will …
Dubai’s crypto grand strategy aims to challenge Asian crown
Dubai’s crypto strategy uses tax-free real estate tokenization and Sharia-compliant finance, yet faces fragmented regulation, while Hong Kong commands geopolitical influence.
Emirates NBD becomes official banking partner of Coca-Cola Arena
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, announced a two-year collaboration with Coca-Cola Arena, the Middle East’s largest fully …
Dubai launches new permit giving 10,000 free zone firms access to mainland markets
Dubai unveils a new $1,361 permit allowing free zone firms to operate onshore, boosting cross-jurisdiction business by up to 20 per cent …
UAE startups: Emirates Development Bank unveils $136m boost for entrepreneurs
Emirates Development Bank launches a $136m funding drive to empower UAE startups and entrepreneurs under the “Startup Capital” campaign …
Emirates Development Bank launches financing solutions and support initiatives for startups
The campaign reinforces EDB’s commitment to serve not only as a financier of businesses, but as an active builder of entrepreneurs, aligned with the UAE’s national vision to become the Startup Capital …
Hedge Funds and Crypto Lure Gulf Heirs Set to Inherit $1 Trillion
In 2020, two young brothers at a 135-year-old Gulf merchant family approached one of its money-managers with an idea: bet on Bitcoin.