UAE-based remittances company Al Fardan Exchange announced a partnership with Visa for enhanced money transfer services. The company announced the launch of a new cross-border remittance service …
Dubai Duty Free partners with TerraPay
Dubai: TerraPay, a global money movement company, has joined forces with Dubai Duty Free (DDF), the world’s largest single airport retailer, to revolutionize the shopping experi …
United Arab Bank delivers 30% growth in 2024 net profit
United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems …
Sweid & Sweid secures AED460mln term loan from Arab Bank for Sweid One Development
Sweid One represents an important addition to Dubai’s commercial landscape, and we are pleased to have secured the support of Arab Bank for this project,” said Maher Sweid, Managing Partner at Sweid & …
Dubai Said to Seek Up to $500 Million From Construction Firm IPO
Dubai will seek up to $500 million from the initial public offering of ALEC Engineering & Contracting LLC, according to people familiar with the matter, as the emirate seeks to revive its …
Crypto giant Shiba Inu signs major deal with UAE MoEI to boost Web3 solutions
Multibillion-dollar crypto giant Shiba Inu has announced a historic partnership with the UAE Ministry of Energy and Infrastructure … Shiba Inu now offers decentralised finance (DeFi) features, …
Dubai Duty Free taps TerraPay for digital wallet payments
Dubai Duty Free, operating at Dubai International Airport and Al Maktoum Airport, can now connect to TerraPay’s network.
Veefin Group acquires UAE-based TradeAssets to expand its offerings
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 …
Gulf sovereign wealth funds drive $36bn+ mega-deal boom as UAE, Saudi buck global M&A slowdown
The Gulf region emerged as a dominant force in global mergers and acquisitions in 2024, with sovereign wealth funds from Saudi Arabia and the UAE leading a surge in mega-deals across energy, …
DFCC Bank Honours Sri Lankan Expatriates in UAE for Building a Stronger Nation
The bank’s vision is to continue being a trusted partner for Sri Lankans worldwide by enhancing accessibility, leveraging technology, and expanding our global reach …
UAE and Germany strengthen economic ties with UAE-German Business Forum in Abu Dhabi
UAE-Germany non-oil trade reaches $13.8 billion in 2024, marking a 5.4% increase year-on-year.
Dubai Government announces Tabby’s integration into DubaiPay as digital payment option
Dubai Government, represented by Digital Dubai and the Department of Finance, has announced the integration of Tabby into DubaiPay – the unified hub for service providers and government entities.This …
Dubai Future District Fund’s results highlight stronger alignment with Dubai’s D33 Agenda
Dubai Future District Fund (DFDF) Oversight Committee convened for its annual review, marking significant strides toward Dubai’s economic goals. The Oversight Committee reviewed DFDF’s 29 investments …
Dubai Government adds new Tabby payment option on DubaiPay
Tabby joins various other payment methods available on DubaiPay, such as credit cards, direct debit cards, smart wallets, online banking services, Apple Pay, and Google Pay …
Middle-class Britons join wealth exodus to UAE amid UK economic uncertainty
The migration wave comes as Britain grapples with multiple challenges, including the planned abolition of non-dom tax status and broader economic uncertainty …
Keyper partners with First Abu Dhabi Bank and Dubai First to transform rent payments
In an exciting partnership that sets a new benchmark in the UAE rental market, Keyper has joined forces with the First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and …
How a shady hustler in Dubai turned celebrity meme coins into a crypto grift
Based on internet jokes, cutesy animals, and pop culture fads, meme coins have been in circulation for over a decade. While the tokens have no value as currency, their price can soar upon release, as …