Billionaire Michael Platt’s private investment firm has received full regulatory authorization in Dubai, which has emerged as a magnet for money managers in recent years.
Dubai listed companies buck wider declining GCC trend
Net profits for listed companies in the emirate increased by 16.0 per cent year on year to $25.4 billion in FY-2024 against $21.9 billion in FY-2023.
Dubai Holding-backed retailer Azadea puts IPO on hold
Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai …
UAE: Dubizzle Group acquires real estate platform Property Monitor sparking 2025 IPO buzz
Dubizzle Group announced the acquisition of Property Monitor, a leading real estate market intelligence platform in the UAE, on Tuesday. The announcement comes as the UAE’s largest online classifieds …
Trafigura secures $235m financing to ship tanker and bulker cargoes from UAE
Trader and shipowner Trafigura has secured a new funding package to help it buy and export commodities from the United Arab Emirates (UAE). The $235m financing has been provided by the Abu Dhabi …
Standard Chartered, OKX roll out crypto collateral pilot in Dubai
It’s the first such initiative to bring together a major global bank, a regulated crypto platform and a traditional asset manager to support secure crypto trading for institutions …
Beat capital gains tax via 183 days UAE stay? Nilesh Shah flags loophole
Kotak AMC MD Nilesh Shah recently flagged a tax loophole that allows Indian citizens to legally avoid paying capital gains tax by temporarily shifting their tax residency to the UAE …
Maktoum bin Mohammed: Dubai FinTech Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as global financial powerhouse
The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’.
Dubai real estate hits AED160 billion in sales in first 100 days of 2025
The analysis, based on Dubai Land Department figures from 1 January to 10 April 2025, shows a total of 50,853 sales transactions during this period …
Hedge Fund Sculptor Joins Rush of Financial Firms in Abu Dhabi
Sculptor Capital Management received regulatory approval to operate in Abu Dhabi, joining a wave of financial firms that have recently set up in the oil-rich emirate.
Movado will restate certain financial statements due to misconduct at the Dubai branch of a subsidiary
Movado Group (NYSE:MOV) disclosed on Friday that it became aware of allegations of misconduct within its Dubai branch of subsidiary, MGI Luxury Group Sárl that resulted in overstatement of sales, …
AI in Middle East banking could add 13.6% to GDP by 2030, reveals report
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Mideast Bankers Count on IPO Boom to Resume After Trade Turmoil
(Bloomberg) — The Middle East, a bright spot for new share sales for four years, faces a significant challenge from the recent volatility in equity markets and a slump in oil prices. Even so, bankers …
UAE bank investments rise to $202bn in January 2025
This represents a 16.1 percent growth compared to January 2024, according to the Central Bank of the UAE’s latest banking indicators …
Dubai Makes Significant Leap in Wealthiest City List
The latest Henley & Partners report reveals fascinating insights into the world’s wealthiest cities in 2025, highlighting some interesting trends in global millionaire populations. Join our FREE …
UAE renewable energy firm Masdar completes purchase of Greece’s Terna Energy
United Arab Emirates’ renewable energy company Masdar said on Thursday it had fully acquired Greece’s Terna Energy , after buying a majority stake last year, a further step in its international …
UAE participates in annual joint meetings of Arab financial institutions
The UAE, represented by the Central Bankand the Ministry of Finance, participated in the Joint Annual Meetings of Arab Financial Institutions, held on 9th April in Kuwait.The meetings discussed the …