Police in Dubai have arrested 43 people believed to be involved in an international syndicate that used AI-powered deepfake technology to steal $36 million (Dh131.4 million) from two Asian companies.
Investcorp Capital increases total number of shares offered in its IPO following strong institutional demand
The Offering has been increased to 720,000,000 ordinary shares from 643,000,000 ordinary shares due to strong demand from international and regional institutional investors …
Investcorp Capital IPO: Number of shares on offer raised due to strong demand
Investcorp Capital has increased the number of shares on offer in its initial public offering on the Abu Dhabi Securities Exchange, citing strong demand from international and regional investors.The …
Looking for a job in Dubai? Full list of most in-demand roles
The most in-demand roles here are: Financial Planning and Analysis Manager. Financial Analyst. Commercial Finance Manager. Group Financial Controller. Head of Finance.
$100 million digital asset joint venture in Dubai leverages Ripple, Metaco, and Zodia
SC Ventures and SBI Holdings have partnered to create a Digital Asset Joint Venture, emphasizing the UAE’s growing status as a digital asset innovation hub.
Standard chartered and SBI’s $100M crypto venture in UAE
Global financial heavyweights, SC Ventures and SBI Holdings have joined forces to establish a $100 million cryptocurrency investment vehicle based in the United Arab Emirates (UAE … including …
Jersey Finance’s Annual Dubai Conference unveils key insights on financial regulation, risk and reward
Dubai, UAE – Jersey Finance, a leading international financial centre, hosted its annual conference in Dubai on November 8, under the theme ‘Regulation, Risk and Reward: A Balancing Act.’ The Jersey …
UAE Cracks Down on Unlicensed Crypto Firms
The UAE has announced strict new measures to crack down on unlicensed cryptocurrency companies operating within the country. The Central Bank of the UAE (CBUAE) and other financial regulators …
Investcorp IPO bottom end of price range revised upward – bookrunner
The bottom end of the price range for Middle East alternative asset manager Investcorp Capital’s public offering of its investment vehicle was revised upward, according to a bookrunner on Wednesday.
UAE tax guide 2024: Everything you need to know
we have created the Free UAE Corporate Tax Calculator. It only takes two minutes to complete and you get an instant report via email. The Ministry of Finance has announced the administrative penalties …
UAE: Abu Dhabi Islamic Bank successfully issues $500m green senior sukuk
The new sukuk will be listed and traded on London Stock Exchange’s International Securities Market and Sustainable Bond Market …
Dubai approves $67bn budget for 2024-26 fiscal cycle
In his capacity as Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the general budget for the fiscal cycle of 2024-2026, with total …
UAE lender ADCB to sell majority stake in Abu Dhabi Commercial Properties
Abu Dhabi Commercial Bank (ADCB), the UAE’s third-biggest lender, is set to sell a stake in its wholly owned subsidiary Abu Dhabi Commercial Properties (ADCP). The lender has received a binding offer …
Dubai Investments acquires additional stake in UK’s Monument Bank
DUBAI — Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), has acquired additional 7.68 percent equity stake in Monument Bank Limited, a UK Based Digital …
UAE: Sheikh Mohammed Announces 10 Economic Principles Full List Explained
The UAE has announced an ambitious plan to develop its economy into the world’s best. The country’s Vice-President unveiled a 10-point document that …
Trader Loses Last Fight to Kick Out $1.8 Billion UK Dividend Tax Fraud Case
Hedge Fund trader Sanjay Shah lost a last-ditch attempt at the UK’s top court to stop a £1.44 billion ($1.8 billion) trial with Danish tax officials over Cum-Ex tax dividend trades going ahead in …
These are the highest paying jobs in the UAE for 2024
This is indicative of a tighter market and tentative economy. Five hundred professionals living and working in the UAE — in sectors such as finance and accounting, financial services, IT and …