Dubai has launched a new initiative to encourage first-time home buyers to get on the property ladder. Readers have FAQs, we’ve answered them …
NASDAQ listed DeFi company expands in the Middle East, UAE
As per the press release, the DeFi Technologies team and its subsidiary Valour, aim to support the increased institutional interest in digital assets in the GCC region and specifi …
DeFi Technologies enters MENA market with Dubai launch
The move aims to support the growing institutional appetite for digital assets in the UAE and broader Gulf region …
Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia
The Eurasian Development Bank (EDB), a supranational financial institution headquartered in Almaty, Kazakhstan, has issued a private placement bond, denominated in dirhams, on the local UAE capital …
Ajman Bank and VaultsPay partner to launch co-branded payment processing solution
Ajman Bank has launched a comprehensive co-branded payment processing solution for its business clients, developed through its strategic partnership with VaultsPay, a Dubai-based CBUAE licensed …
Dubai Announces New Incentives For Residents Buying Property For The First Time
Dubai announced a new initiative on Wednesday to make it easier for residents to purchase their first home, offering exclusive benefits….
UAE, Saudi Arabia remain investor hotspots amid global uncertainty
In a world increasingly defined by geopolitical uncertainty and economic fragmentation, the Gulf region — particularly the UAE and Saudi Arabia — is emerging as a compelling destination for global …
UAE ‘exceeds obligations’ in tackling financial crime, says ambassador to EU
The European Union’s removal of the Emirates from a list of countries that pose a high risk for money laundering should take place sooner rather than later, the UAE’s ambassador to the bloc said. The …
UAE’s RAKEZ partners with ADIB to ease banking for SMEs and startups
Ras Al Khaimah Economic Zone (RAKEZ) has signed a memorandum of understanding with Abu Dhabi Islamic Bank (ADIB) to simplify bank account opening procedures for its clients, WAM reported. The …
Dubai launches landmark initiative enabling first-time homeownership
The Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET) have jointly launched the First-Time Home Buyer Programme, a major initiative aimed at making homeownership more …
Hong Kong to regain IPO crown this year, say PwC and Deloitte
Hong Kong’s IPO wave has benefited largely from policy support from the Chinese government and optimised listing rules by Hong Kong regulators that include streamlining approval processes.
Pushpa Jewellers IPO booked 2.41 times so far on the third bidding day; check GMP, other key details
Pushpa Jewellers IPO is open from June 30 to July 2 with a price band of ₹143 to ₹147 per share. The IPO has seen strong demand, with retail subscription at 3.60 times, and aims to raise ₹74 crore for …
Dubai bankers set up wealth manager for ‘poor millionaires’
Former Emirates NBD bankers have set up a Dubai wealth company to serve the Gulf’s growing millionaire class, arguing that the region’s private banking model puts sales targets ahead of client …
Dubai CommerCity partners with Ziina to provide innovative financial solutions
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UAE Central Bank penalises foreign bank with Dh5.9 million fine
The financial sanction was imposed after CBUAE investigation, which revealed the bank’s failures to comply with its Anti-Money Laundering and Combating the Financing of Terrorism laws …
RBL Bank shares rally 3% as Dubai-based Emirates NBD Bank eyes up to 20% stake
The stock, which has surged over 21% in the past month and more than 64% in the last six months, extended its winning streak by rising for the eighth time in nine sessions. It closed on Tuesday at Rs …
Dubai’s Emirates NBD explores stake in India-listed RBL Bank: Report
Dubai-listed Emirates NBD is exploring the acquisition of a “significant minority” stake in Indian stock exchange-listed RBL Bank, The Economic Times reported.