Justin Sun has accused First Digital Trust (FDT) of moving $500 million in customer funds to various banks in Dubai without consent.
Indian businessman to be jailed and deported from UAE for financial crimes
An Indian businessman who flaunted his wealth through snapping up rare number plates worth millions of dirhams at auction is to be deported from the UAE after serving a jail term for money laundering.
Housing demand soars in Dubai amid influx of 1,000 new residents per day in Q1
Housing demand in Dubai has reached unprecedented levels as a growing population continues to drive absorption of supply in the residential market, according to real estate consultancy ValuStrat. By …
Soaring population increases Dubai real estate demand
By the end of March 2025, Dubai’s population had risen to 3.92m, with 89,695 new residents added in just the first three months of the year, an average of approximately 1,000 people per day. For …
UAE: How the country is racing towards a cashless future
No one’s scanning.And yet, just 20 minutes away, the future is already here. Inside a DIFC café lined with concrete and chrome, a woman in a tailored blazer taps her Apple Watch to pay for a flat …
Token2049: Eric Trump Expects the UAE to Win the Global Digital Finance Race
The countries that can move quickly, are nimble and have foresight are going to win this race,” Eric Trump, Executive Vice President of The Trump Organization, said at Token2049 in Dubai. Trump warned …
UAE hosts World Bank meeting to curb global gas flaring by 2030
The UAE has hosted the World Bank’s Global Flaring and Methane Reduction (GMFR) Partnership meeting as part of a global effort to drive down waste that could otherwise be converted to energy. The …
Wagons Learning IPO: Check key dates, price band, subscription, GMP and other details
Wagons Learning is launching its Rs 38.38 crore IPO on May 2, with a price band of Rs 78-82 per share. The IPO includes a fresh issue and an offer for sale, aiming to list on BSE SME on May 9.
UAE-backed fund to use Trump family’s cryptocurrency to buy $2B stake in Binance: report
Zach Witkoff, a founder of World Liberty Financial, revealed to a crypto conference in Dubai that the firm’s stablecoin, USD1, will be used in deal.
Dubai Financial Market achieves strong growth in Q1 of 2025
Dubai Financial Market (PJSC) today announced its consolidated financial results for the first quarter ending on 31 March 2025, underpinned by record trading activity and sustained investor engagement …
Dubai Financial Market reports record trading activity as market capitalisation dips to $244bn
Dubai Financial Market has announced its consolidated financial results for the first quarter ending on 31 March 2025, underpinned by record trading activity and sustained investor engagement. During …
Ministry of Finance organises 2nd edition of Financial Media Forum to explore future of UAE financial sector
The Ministry of Finance (MoF) today organised the 2nd edition of the Financial Media Forum under the theme “Shaping the Future of the Financial Sector: The Balance Between Influence and Responsibility …
UAE Sets Global Benchmark For Crypto-Banking Integration, Amina Bank’s Rohan Misra Says
UAE is a model for integrating crypto into banking. Other regulators should follow suit. Amina Bank CEO praises their approach and multi-regulator model.
Ministry of Finance organises 2nd edition of Financial Media Forum to explore the future of UAE financial sector
Younis Haji AlKhoori: The forum provides ideal platforms for building bridges of cooperation between financial and media institutions, ensuring the reliable and professional flow of information.
Free 24-hour support hotline launched to assist companies in applying for the corporate tax penalty waiver in the UAE
Finanshels.com has introduced the hotline to assist companies looking for guidance on registration procedures and filing deadlines …
UAE finance ministry, LuLu Hypermarket sign deal to boost digital procurement efficiency
Federal entities using the digital procurement platform will benefit from exclusive discounts, contributing to enhanced public spending efficiency …
Dubai-listed Mashreq’s Q1 2025 net profit slips 12%
Dubai-listed Mashreq Bank saw its Q1 2025 net earnings slip by 12% compared to year-ago period as net interest income contracted following rate cuts. The lender’s net profit after tax reached AED 1.8 …