The UAE Central Bank has issued 6,000 silver commemorative coins to mark the 25th anniversary of the Dubai International Holy Quran Award. Each silver coin weighs 28 grams and has a nominal value of …
CBUAE issues commemorative coins on occasion of Dubai International Holy Quran Award Silver Jubilee
Each silver coin weighs 28 grams, and has a nominal value of Dhs25. There are eight different coins, each with their own unique design relating to the various contests and activities held by the Dubai …
Latham & Watkins, Clifford Chance Advise on $451M Investcorp IPO
Latham & Watkins and Clifford Chance have advised parties on the initial public offering (IPO) and listing on the Abu Dhabi Securities Exchange (ADX) of Investcorp Capital, the Bahrain-based …
COP28 in UAE: How banks are spearheading sustainability drive with $51 billion in green financing
Apart from financing, banks have been adopting innovative technologies and embracing digitisation to reduce their carbon footprints …
UAE: Al Ansari Digital Pay receives regulatory in principle approval to launch digital wallet
Al Ansari Digital Pay, a subsidiary of Al Ansari Financial Services PJSC has received the initial approval of a store value facilities and retail payment s..
GCEX receives operational VASP licence from Dubai’s VARA
GCEX starts market operations as a VASP in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of tech …
Dubai and the UAE: A global wealth nexus
Dubai and the UAE are flourishing global wealth magnets, offering tax benefits, a thriving business environment, and strategic allure for HNWIs and businesses pursuing prosperity.
BRIEF-DFM, Nasdaq Dubai, Shanghai Stock Exchange sign MoU to strengthen ties between capital markets
DFM, Nasdaq Dubai, Shanghai Stock Exchange sign MoU to strengthen ties between capital markets on Devdiscourse …
UAE fitness brand GymNation announces major equity buyout
GymNation has experienced rapid growth, expanding from a single gym startup to become the leading gym operator in the UAE, with 12 gyms and over 60,000 members …
Abu Dhabi Commercial Bank starts selling AT1 bonds – document
The UAE’s third-largest lender Abu Dhabi Commercial Bank has given initial price guidance of around 8.625% for its perpetual non-call 5.5-year bonds, according to an arranging bank document seen by …
Dubai’s Al Ansari Financial Services subsidiary to launch digital wallet next year
Digital wallet will allow users to pay bills, receive salaries, carry out money remittances and access micro finance …
EFG Hermes Advises On $625M Sale Of 30% Of Eastern Company To UAE-Based Global Investment Holding
EFG Hermes, the leading investment bank in Frontier and Emerging Markets (FEM), announced Saturday that it successfully concluded its advisory role to UAE investment …
UAE green bond financing reaches $6.4bn ahead of COP28
Al Natoor highlighted the substantial growth of ESG (environmental, social, and governance) bonds in the UAE, reaching $6.4bn by the third quarter of 2023, representing a 41 percent increase from the …
UAE holds 19% of global sustainable bonds: Fitch
Fitch Ratings has affirmed the critical role that COP28 will play in raising awareness of sustainability issues in the region and steering investment …
Dubai’s crypto carousel: M2 takes the stage
As Dubai’s relentless summer sun dipped to a mere 35 degrees Celsius, the city’s crypto scene has been turning up the heat. However, there’s one new name hot on everyone’s lips this year – M2. ..
Iraq’s Central Bank enhances balances of 5 Iraqi banks in UAE dirham
The Central Bank of Iraq finished the arrangements for an agreement to enhance the balances of five Iraqi banks in the UAE dirham.
UAE employees willing to stay even if they don’t save, but earn enough to maintain lifestyle
Employees in the UAE are willing to make sacrifices in order to stay in the country even if they may not be able to save, but earn enough money that helps them to maintain their lifestyles.