H amid AlZaabi, Director-General of the Executive Office for Anti-Money Laundering and Counter Terrorism Financing (AML/CFT), has announced that the UAE has made significant progress in combating …
UAE receives 7,000 suspicious transaction, activity reports in first 2 months of 2023
Emirati law enforcement agencies have contributed to major international investigations and arrests, including the largest drugs ring in Europe and INTERPOL’s most wanted trafficker Kidane Habtemariam …
Dubai property deals rise to AED 1.9 billion on Wednesday
Wednesday’s property deals included 451 sales transactions worth AED1.2 billion, 82 mortgage deals of AED663.03 million, and 19 gift deals amounting to AED36.64 million Dubai property deals rise to …
The missing founders of bankrupt crypto fund Three Arrows are reportedly setting up shop in Dubai, and describe the high-profile collapse of the firm as ‘regrettable’
The founders of Three Arrows Capital, the defunct cryptocurrency hedge fund that filed for bankruptcy this month, are reportedly on their way to Dubai after liquidators said they’d been unable to …
UAE’s top bank FAB first-quarter profit up 70%
UAE’s FAB reported a 51 per cent YoY increase in operating income to Dhs6.7bn from Dhs4.5bn in the first quarter of 2022 …
UAE investor acquires majority stake in Summit Bank
Prominent UAE national, investor, and longstanding friend of Pakistan, Nasser Abdulla Hussain Lootah, said he had a vision for the bank to transform it into a full-fledged Islamic bank, providing …
UAE banks see massive profits boost, NBF up 152%
Supported by higher net interest income and net income from Islamic financing and investment activities and fee income, NBF posted an operating profit of AED397.9m for the three-month period, a rise …
Dubai records over AED1.9 bn in realty transactions Wednesday
Dubai real estate market recorded 451 sales transactions worth AED1.2 billion, in addition to 82 mortgage deals of AED663.03 million, and 19 gift deals amounting to AED36.64 million on Wednesday, data …
UAE-dirham sukuk will support Islamic finance ecosystem, investment options
The UAE launched a dirham-denominated Islamic Treasury Sukuk (T-Sukuk), with a benchmark auction size of AED1.1 billion ($299 million) on Wednesday. The sukuk will support funding diversification …
UAE launches Islamic Treasury Sukuk with size of $299mln
This issuance will help build the UAE Dirham-denominated yield curve, thereby strengthening the local financial market and developing the investment environment: minister …
UAE Launches Domestic Dirhams Islamic Treasury Sukuk With Size Of AED1.1 Billion
The UAE, represented by the Ministry of Finance (MoF) as the issuer and in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced launching a dirham- …
UAE to issue Dh1.1 billion treasury sukuk
The UAE is issuing a dirham-denominated treasury sukuk worth Dh1.1 billion ($299 million) as it diversifies its funding resources and supports the growth of the Islamic economy. The T-sukuk will first …
Dubai records property deals to the tune of AED 1.4 billion on Tuesday
Tuesday’s property deals included 395 sales transactions worth AED1.02 billion, 86 mortgage deals of AED418.13 million, and 27 gift deals amounting to AED37.78 million Dubai records property deals to …
The Dubai Fintech Summit Running From May 8-9, 2023 Aims To Set A Global Benchmark For How We Approach Financial Innovation
The DFS is expected to be hosting 5,000 c-suite leaders, over 120 speakers, and more than 1000 pre-qualified investors in Dubai.
UAE announces launch of Dh1.1 billion Islamic Treasury Sukuk
Official says issuing T-Sukuk in local currency will contribute to building local currency bond market, providing safe investment alternatives …
UAE plays key role in creating investment opportunities: Minister of Economy
LONDON: Abdullah Bin Touq Al Marri, Minister of Economy, held a number of bilateral meetings, including one with Lord Dominic Johnson, Minister of State in the Department for Business and Trade, UK, …
UAE needs time to show effectiveness to exit financial crime grey list -official
The United Arab Emirates needs time to demonstrate the effectiveness and enforcement of policies introduced against financial crime before it can be removed from a global watchdog’s ‘grey’ list, the …