Category: FINANCE

The Central Bank of the UAE (CBUAE) has imposed financial sanctions totalling 2.62 million dirhams ($713,310) on five banks and two insurance companies over non-compliance with the reporting …

XRP Healthcare, a fast-growing innovator in AI-driven healthcare and mergers & acquisitions, has announced it will be a public company by Q3 2025.

Kenya’s failure to meet economic targets under its International Monetary Fund (IMF) program has put external investor financing including from the World Bank and the United Arab Emirates, UAE at risk …

This collaboration aims to address the growing demand for high-quality Shariah Compliant Banking systems in the rapidly expanding market …

Following the directives of President Sheikh Mohamed bin Zayed Al Nahyan, the UAE has allocated a financial grant of USD 64.5 million to Al-Makassed Hospital in East Jerusalem. The grant aims to …

The new currency Dhs100 note is made of polymer and features an innovative design and advanced security features …

The Central Bank of the UAE (CBUAE) has launched a new Dh100 banknote. The currency is made of polymer and features innovative designs and advanced security features.

Two prominent UAE banks, Abu Dhabi Commercial Bank (ADCB) and RAKBANK, have received positive ratings updates from leading credit agencies, reflecting their strong financial positions and strategic …

The UAE has long recognized the transformative potential of artificial intelligence (AI). Indeed, its National Artificial Intelligence Strategy 2031 outlines ambitious goals to leverage AI for …

Saadat Hussein moved to Dubai in 1979, and since then, the city has been his home. He began his career as a marketing executive at Al-Futtaim Motors – Toyota before transitioning to banking, joining …

Dubai’s main index declined 0.6%, hitting a near-three-month low, dragged lower by a 4% drop in Dubai Islamic Bank …

Navigating the financial landscape of the United Arab Emirates (UAE), particularly in Dubai, requires a keen understanding of the various salary account offerings by banks. A salary account is pivotal …

An Emirati businessman has contributed Dhs35 million to the Fathers’ Endowment campaign, launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, …

Alarmingly, 56 per cent of UAE residents report experiencing at least one fraud attempt per month, with credit cards and bank transfers being the most targeted payment methods. With a surge in …

Elsewhere in the kingdom, STAT Law Firm and White & Case are advising on the IPO of poultry producer Arabian Company for Agricultural and Industrial Investment (Entaj) over its sale of a 30% stake on …

With the UAE’s digital payments market on track to soar to $80.37 billion by 2025, residents are increasingly vulnerable to financial fraud, particularly during festive seasons, according to banking …

Dubai Holding, the personal investment portfolio of the ruler of the emirate, is among a group of companies that bought the UK school operator Nord Anglia Education for $14.5 billion. Other investors …