Ltd. will be able to locally advise clients and ensure access to the group’s offerings Edmond de Rothschild broadens UAE presence with new office in DIFC advisory services, DIFC, Dubai, Dubai …
S. Korea seeks ‘win-win’ opportunities under UAE’s mega-investment project: finance minister
South Korea is seeking to lift potential hurdles for the mega investment pledge made by the United Arab Emirates (UAE) last month, the finance minister said Tuesday, to create “win-win” opportunities …
Bank of Baroda clarifies viral social media post on closure of UAE’s Al Ain branch
Bank of Baroda will close its Al Ain branch in UAE from March 22, 2023, and has clarified on a viral social media post about long queues outside the branch.
UAE Central Bank revokes exchange house licence amid misconduct
CBUAE revokes exchange house licence amid money-laundering crackdown UAE Central Bank revokes exchange house licence amid misconduct anti-money laundering, anti-money laundering (AML), CBUAE, Central …
UAE Central Bank revokes exchange company’s licence over serious violations
This is the second company whose licence has been cancelled this month; another firm was fined Dh1.8 million earlier for not adhering to regulations …
ADNOC raises gas unit IPO stake being offered to 5% -statement
Abu Dhabi National Oil Co (ADNOC) will increase the stake in its gas business being offered in an initial public offering to 5% from 4%, the state oil giant said on Monday. ADNOC made the decision …
UAE records 32% growth in green & sustainable finance, reports Arthur D. Little
Arthur D. Little reveals $24.55 billion was generated MENA-wide in green and sustainable finance for 2021, grounding a strong ESG momentum across the region. In the UAE alone, ESG reporting multiplied …
Bank of Baroda clarifies decision to close Al Ain branch in UAE taken a year ago; refutes social media rumors
Bank of Baroda (BoB) said it had taken a commercial decision to close its Al Ain branch in UAE a year ago and has received approvals from the country’s central bank and a photo that is being …
BoB: Will shut UAE branch, no Adani link
Images of queues at the bank’s Al Ain branch have been shared on social media, attributing them to the bank’s exposure to the Adani Group. The bank has termed the social media posts as “false and …
UAE weighs ‘options’ on US-sanctions hit Russian bank
The United Arab Emirates is studying “available options” after a Russian bank given a license to operate in the Gulf state was hit by a new wave of sanctions by the United States. MTS Bank, approved …
NIA team in Dubai to probe D-company in terror funding cases
The NIA move coincides with the visit of a high-level finance ministry team in February to firm up modalities to strengthen UAE-India trade relationships.
UAE participates in first G20 Finance Ministers and Central Bank Governors meeting in 2023
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023. Held …
UAE expects non-oil GDP to grow 4.2% this year, minister says
The UAE expects its non-oil GDP to grow by 4.2 per cent this year, Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said in Bengaluru..
Dubai attracts sustainable finance deals as Apical raises $787mn from MENA, global banks
The round of financing saw almost 25 percent of Apical’s funds coming from notable Middle Eastern banks Dubai attracts sustainable finance deals as Apical raises $787mn from MENA, global banks …
UAE updates national terrorism list, 3 individuals and 1 entity added
UAE Cabinet issues resolution identifying individuals and entity on Local Terrorist List UAE updates national terrorism list, 3 individuals and 1 entity added Counter-terrorism, terrorism, UAE, UAE ca …
UAE Reaffirms Its Commitment To Combating International Financial Crime In Light Of Progress Made In 2022
ABU DHABI, 24th February, 2023 (WAM) — The UAE reaffirms its strong commitment and ongoing efforts in relation to anti-money laundering and c …
UAE markets rise as oil prices gain on Russian output cuts
Stock markets in the United Arab Emirates closed higher on Friday, tracking crude prices as the prospects of lower exports from Russia heightened investors’ risk sentiment.