Dubai Islamic Bank approved a 35 fils dividend after 2025 pretax profit of AED 9bn and assets of AED 416bn at its AGM in Dubai this week …
UAE Ministry of Economy and Tourism, DFSA sign MoU to boost oversight and financial services growth
A key component is its emphasis on tackling financial crime, including money laundering and terrorism financing …
Alpha Ladder Group and MetaComp Partner with Maqam International Holding, an Abu Dhabi (UAE) company, to Advance RWA Tokenisation and Web2.5 Payments Across Singapore-UAE Corridor
Alpha Ladder Group (‘Alpha Ladder’), a Singapore-headquartered Digital Green Group driving sustainable financial and technology innovation through subsidiaries including MetaComp and Alpha Ladder …
UAE proves safe-haven status as swift policy moves steady markets and investment
The UAE’s business and investment ecosystem is once again demonstrating its hallmark resilience as policymakers, regulators, global institutions and private-sector leaders move in concert to safeguard …
Banks in UAE freeze FD, salary, savings a/cs after account holder’s death: A practical guide for families of deceased expats to access funds
When a UAE expat dies, their bank accounts including FDs and savings are immediately frozen. Families need to obtain a succession certificate or court-issued Will execution order to unfreeze these …
From Acquisition to IPO: Brisk Gains Finance Begins UAE Strategy With Landmark Buyout
In a decisive move that signals confidence amid global uncertainty, Brisk Gains Finance, founded by a 24-year-old entrepreneur Yash Thakkar, has acquired a profitable Dubai-based perfume company with …
UAE retail sukuk trading hits $2.95m with 464 buyers
UAE retail sukuk trading reached AED10.84 million from 464 investors, with new buyers accounting for 66% of activity since launch …
Iran war wipes $120bn off Dubai, Abu Dhabi stock markets
The UAE’s financial markets have been some of the hardest hit by the fallout of the US-Israel war on Iran.
Dubai opens door to crypto derivatives trading
The Dubai Virtual Assets Regulatory Authority (VARA) in the UAE has introduced a comprehensive regulatory framework for crypto or virtual assets exchange-traded derivatives. The new Rulebook Version 2 …
Dubai unveils full economic plan: $272m incentives, fee cuts, GDP reform, virtual warehouses and worker strategy
Dubai approves $272m incentives, reports 6.4 per cent growth and $255bn GDP, unveiling trade, jobs and worker reform strategies …
Headhunters circle bankers in Dubai as conflict continues
Recruitment firms report a notable increase in Dubai-based finance professionals seeking new career opportunities in western markets © Giuseppe Cacace/AFP via Headhunters have begun circling bankers …
Israeli-US war batters UAE economy, wiping $120bn from Abu Dhabi, Dubai markets
Israeli-US war on Iran hits UAE markets, aviation and property, exposing structural vulnerabilities to an economy that once project …
War wipes $120bn from UAE markets, as economy comes under pressure
Israeli-US war on Iran hits UAE markets, aviation and property, exposing structural vulnerabilities to an economy that once project …
Is Dubai’s Binghatti the next property IPO?
Dubai: Dubai developer Binghatti Holding is exploring a potential initial public offering and has begun talks with banks about a possible listing, according to people familiar with the matter, as it …
Resilient UAE banks maintain stability despite geopolitical challenges
The UAE’s financial sector continues to demonstrate remarkable resilience despite heightened military tensions in the region involving the US, Israel, and Iran. Analysts credit the UAE’s solid …
Hedge fund commits to Dubai even as Iranian attacks continue
Hedge fund Millennium has pledged to stay in Dubai in a boost to the city’s hopes of remaining a global financial hub.
Emirates NBD gets UAE central bank nod for majority stake in RBL Bank
The approval also covers the planned amalgamation of the bank’s existing India operations with RBL Bank, the statement said …