Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) met with the International Monetary Fund (IMF) mission, led by Ali Al-Eyd, during their recent visit to the UAE to discuss the …
IMF praises UAE economic and financial developments
The IMF has praised the UAE for developments in economic and financial sectors, as it forecasts GDP growth of more than 4 per cent this year.
‘New era for humanity’: Sheikh Hamdan heralds Dubai’s future as AI leaders gather in emirate
Dubai Assembly for Generative AI held from October 11 to 12 at the Museum of the Future and AREA 2071 in Emirates Towers …
Hong Kong and UAE central banks intensify collaboration to foster the development of CBDCs
Hong Kong and the United Arab Emirates (UAE) have intensified their financial collaboration through various fintech initiatives. The partnership’s primary focus is to develop Central Bank Digital …
Inflation and conflict fears wallop Europe’s IPO market again
Europe pounded with another pulled deal while Middle East tipped to carry on unscathed despite regional unrest …
Dubai Financial Services Authority Fines Former Manager for Misleading Statements and Accounting Violations
In an unprecedented move, the Dubai Financial Services Authority (DFSA) has penalized Remy Ishaq, a former financial manager, for his involvement in accounting violations and making misleading …
Fluent Finance to develop stablecoin technologies in the UAE
The web3 company is piloting the Fluent Economic Bridge platform in Kenya and plans to develop a digital trade corridor with the UAE.
EFG Hermes Advises On ADES Holding’s $1.219Bn IPO On Tadawul
EFG Hermes, a leading investment bank in Frontier and Emerging Markets (FEM), announced today that it has successfully advised on the SAR 4.572bn ($ …
UAE Expected to Achieve Financial Surplus of 5.7% of GDP in 2023: IMF Report
The United Arab Emirates (UAE) is projected to achieve a financial surplus of 5.7% of its Gross Domestic Product (GDP) in 2023, according to a recent report by the International Monetary Fund (IMF).
DFSA fines former chief financial officer of Equitativa and Emirates Reit $33,220
The Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre, has imposed a fine of $33,220 on the former chief financial officer of Equitativa and Emirates Reit …
Dubai: Ex-CFO fined Dh122,000 over misleading financial statements
As a finance officer of a company, he failed to take reasonable steps to ensure accurate information was reported to auditors …
National Bank of Fujairah leads discussions on financing the evolving energy industry
Dubai:- The National Bank of Fujairah (NBF) this week sponsored and participated in the 11th Energy Markets Forum in Fujairah. Held under the patronage of His Highness Sheikh Hamad bin Mohammed Al …
UAE is home to second largest number of wealthy Indians globally, after US
Dubai is home to most wealthy Indians in the UAE, with 18 of the 20 richest based in the city, according to the Hurun report …
ADGM contributes to UAE’s commitment to combat financial crimes, publishes ‘Quick Guides’ for DNFBPs
The guides are aimed at raising awareness and understanding of key AML/CFT and sanctions obligations among the DNFBP sector …
My Own Home: Couple snap up Dh1 million ‘forever home’ in Dubai’s JLT
My Own Home takes you inside a reader-owned property to ask how much they paid, why they decided to buy and what they have done with it since moving inOrla Farmer and her partner Charles Whitebread …
Fluent to develop stablecoin technologies in the UAE under Ministry of Economy’s NextGen FDI Programme
The Ministry of Economy has announced that US-based Fluent Finance, the developer of a cryptocurrency-based payment platform that facilitates cross-border trade, has joined its NextGen FDI program.
Policybazaar To Share Insights On The Future Of Finance At Gitex Technology Week
PolicyBazaar, a leading fintech and UAE’s trusted insurance aggregator (part of the PB Fintech Group (NSE:POLICYBZR) announced that its CEO, Neer …