The UAE has given companies until the end of this month to hire Emiratis or face fines. The Ministry of Human Resources and Emiratisation (MoHRE) renewed its call to private sector companies employing …
Dubai Investments renews liquidity provider agreement with xCube
Dubai Investments continues to pursue strategic initiatives that enhance shareholder value and market performance …
Ministry of Finance Graduates Emirati Cadres specialised programmes in financial sustainability and accounting
In line with its strategic vision to develop national talent capable of leading the future of public financial management …
Talent shortage in finance a serious issue, says AURAK; Stresses need for more focused programs
The university’s popular Bachelor in Business Administration (major in Finance) pursues its vision to mold new-age finance professionals …
Stablecoin issuer Circle targets UAE’s $44bn remittance corridor
Stablecoin issuer Circle, fresh off a $1 billion initial public offering on the New York Stock Exchange, is in early talks with money-transfer houses in the UAE to plug its USD Coin (USDC) into one of …
NewGen Announces Planned US$45 Million Strategic Investment in UAE Real Estate Market
The Company’s initial investment into the Emirate of Ras Al Khaimah comes ahead of major tourism and infrastructure developmentsNewGen plans to diversify via additional real estate investments in Abu …
Nasdaq Dubai welcomes ICBC’s multi-currency Green Bond listings totalling US$1.72 billion
Nasdaq Dubai today welcomed the listing of three Green Bond issuances totaling US$1.72 billion by Industrial and Commercial Bank of China Limited (ICBC). The bonds were issued under the bank’s US$20 …
OpenAI in discussions with UAE’s MGX, Saudi’s PIF for its $40bn funding
OpenAI, which recently said it aims to raise US$40 billion in financing at a valuation of US$300 billion, has reportedly been in talks with the UAE’s MGX, an existing shareholder; Saudi Arabia’s …
Dubai RWA apartment sells in under 2 minutes
PRYPCO Mint and DLD have sold so far $1.306 billion worth of tokenized property in Dubai and the future will see more.
Dubai real estate delivers AED 54.5bln in May sales with 15% growth across sales and leasing
Strong investor confidence, rising end-user demand, and consistent interest in both off-plan and ready properties have propelled the market forward …
EU to remove UAE from AML/CFT ‘high-risk’ list, adds Algeria, Lebanon
The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other …
UAE motor insurance premiums rise by 40%; lawmaker demands reforms
During a council session, FNC member Adnan Hamad Al Hammadi called on the Minister of State for Financial Affairs, Mohammed Al Hussaini, to clarify what steps are being taken to regulate the sector.
UAE sets new Emiratisation goal: 50%-60% quota for insurance sector by 2030
A new Emiratisation strategy for the years 2027–2030 targets Emiratisation rates of 50 per cent to 60 per cent at insurance companies, depending on company size. It also mandates the employment of at …
Hedge fund King Street seeks Saudi Arabia license
In August, the firm signed a memorandum of understanding with Saudi Real Estate Refinance Co., a unit of the $940 billion Public Investment Fund, to help banks offload retail mortgages to investors.
S&P and Moody’s upgrade Emaar’s credit ratings, citing strong financial performance
S&P Global Ratings and Moody’s Ratings have upgraded Emaar Properties’ long-term issuer credit ratings, reinforcing the company’s position as a financially resilient and strategically agile market …
Top 10 UAE banks’ Q1 net income jumps 8.4% to Dh22.2b
The UAE’s top 10 listed banks have posted a strong first quarter marked by healthy income growth, cost optimisation, and strategic repositioning —despite a backdrop of global economic uncertainty and …
Trading halted for Emirates Islamic Bank after share buyout
The Dubai-based lender has acquired the outstanding shares at AED 11.95 each, amounting to approximately AED 69.8m ($19m), according to a company statement. EIB will continue to operate under its …