The UAE Central Bank has suspended the Islamic window of a bank operating in the country from onboarding new customers for six months and also fined it more than Dh3.5 million ($953,632) for …
Mubadala backing Hong Kong insurer FWD’s IPO
The UAE’s Mubadala Capital is reported to be one of the cornerstone investors in insurer FWD Group Holdings’ initial public offering in Hong Kong. The other cornerstone investor will be Japan’s T&D …
Dubai Investments breaks ground on Asayel Avenue, expanding the AED 2.2bln Mirdif Hills development
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has officially broken ground on Asayel Avenue, a new residential cluster expanding the AED 2.2 billion Mirdif …
BitGo’s assets under custody surge to $100B
The value of digital assets under BitGo Inc.’s custody has surged. BitGo’s vice president for its Asia-Pacific business, Abel Seow, said it had seen its assets under custody (AUC) rise from $60B to …
UAE Central Bank gold reserves hit $7.46bn in Q1 2025
The Central Bank of the United Arab Emirates (CBUAE) significantly expanded its gold reserves in the first quarter of 2025, adding AED4.444bn ($1.21bn) to reach a total of AED27.425bn ($7.46bn) by the …
2023 Best Mortgage Broker in Dubai and the UAE: Lenddoo Mortgages – Gulf Today
When it comes to securing a mortgage in the United Arab Emirates (UAE), finding a reliable and trustworthy mortgage broker is crucial. Among the array of options available, Lenddoo Mortgages won our …
UAE’s IPO pipeline set for growth with potential Cafu stake sale – MSN
The UAE’s initial public offering pipeline is set to become more diverse with Dubai-based fuel delivery start-up Cafu reportedly considering a stake sale amid strong investor appetite for new …
UAE: Al Mal Capital REIT announces follow-on public offering, 3.75% dividend for H1 2025
The FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED1.1 …
Ministry of Finance publishes Mutual Agreement Procedure guidance for taxpayers
The Ministry of Finance has issued Mutual Agreement Procedure (MAP) guidance to provide clarity and guidance to taxpayers on the eligibility of MAP, the MAP process and the information required for a …
UAE issues tax guidance to help businesses
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation …
Oman has introduced income tax. Dubai could be next
Oman has become the first Gulf Arab state to introduce income tax – sparking fears Dubai residents could face a similar levy in the next five years. In a royal decree, Sultan Haitham bin Tariq Al Said …
Dubai’s financial regulator chief to lead Majid Al Futtaim board
The chairman of Dubai’s financial regulator has been appointed to lead the new board of Majid Al Futtaim, the retail conglomerate at the centre of a long-running family succession dispute since the …
CBUAE imposes financial sanction of Dhs2 million on exchange house
The Central Bank of the UAE (CBUAE) imposed a financial sanction of amount Dhs2,000,000 on an exchange house operating in the UAE, pursuant to Article 137 …
Top UAE diplomat criticises Israeli minister’s call for Gulf nations to fund war on Iran
An Israeli minister’s controversial remarks has drawn sharp criticism from a top UAE official amid the ongoing Israel-Iran war — a conflict that escalated sharply after the US struck 3 nuclear sites …
Wealthbrix announces official market entry from Dubai International Financial Centre
Wealthbrix Capital Partners Limited, a newly launched independent wealth management firm, today announced its official market entry from Dubai International Financial Centre (DIFC), the leading global …
Wealthbrix launches in DIFC to target rising demand from UAE’s next-gen millionaires and UHNWIs
Wealthbrix Capital Partners brings more than 150 years of collective leadership experience and a track record of managing more than $30bn in assets for clients across the Middle E …
GAP 3 partners FZCO becomes Dubai’s first regulated virtual asset investment advisor
GAP 3 Partners (G3) received an Operational License from Dubai’s Virtual Assets Regulatory Authority (VARA). G3 is now the first regulated Virtual Asset Investment Advisor serving institutional …