An Emirati businessman has contributed Dhs35 million to the Fathers’ Endowment campaign, launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, …
Over 50% of UAE residents report being targeted by one financial fraud a month
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 …
White & Case, Baker McKenzie Among Regional Titans Leading Key Saudi and UAE IPOs
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 …
UAE bank body warns of growing fraud risk as digital payments soar
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 is a buyer of UK’s Nord Anglia schools
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 …
Dubai Weighs Major Regulatory Changes to Lure More Hedge Funds
Dubai is weighing significant changes to its rules governing money managers to further burnish the city’s credentials as an emerging hub for hedge funds.
Etihad IPO not the end goal but a natural progression, says airline CEO
The highly anticipated Etihad Airways initial public offering (IPO) “is not the end goal but a natural progression” for the UAE national carrier, the company CEO told Khaleej Times, noting Etihad is …
Dubai ranks among top five cities globally for fintech
Dubai has emerged as one of top five cities globally for fintech for the first time, according a new ranking. Dubai’s progress as one of the world’s leading global financial centres has been …
UAE announces major new invoicing rule for businesses
The UAE has introduced new invoicing rules for businesses as it looks to boost financial efficiency in the country.
Keeping it in the family: This UAE-based business is a lesson in self-love
Discover the inspiring journey of Yassminne Atallah and her family as they embark on a mission of self-discovery, healing, and empowerment through their venture ‘Infinite Love’ in Dubai.
UAE Central Bank keeps base rate at 4.40% following US Fed move
The US Federal Reserve kept its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 4.25 to 4.5 per cent …
Alieus Hedge Fund Receives Expression of Interest for Series B Funding
Alieus Hedge Fund is pleased to announce that it has received expressions of interest for Series B funding, following its decision to decline Series A offers from various venture capital financing …
The Man Who Sold His House to Buy Pepe Coin in 2023 and Now Owns a Mansion in Dubai Is Accumulating Another Token
In 2023, an obscure investor sold his home for the privilege of owning Pepe Coin (PEPE), a memecoin that was a few paces from the 0.0000 line in the chart. His gamble paid off when PEPE ‘s price …
Dubai expats turn to car auctions for second income with substantial returns up to 50% as UAE market booms
Dubai’s booming car auction market is offering expatriates a path to substantial second incomes, with some reporting profits of up to 50 per cent per vehicle as the sector experiences rapid growth …
Ministry of Finance achieves a major milestone in eInvoicing system
The Decision establishes a unified, secure, and standardised framework for accreditation and compliance in the UAE’s Electronic Invoicing System.
Abu Dhabi’s banking sector drives economic growth and investment prospects in The Report: Abu Dhabi 2025
The Report: Abu Dhabi 2025 will examine the key factors shaping the emirate’s economic growth, with a particular focus on the banking and financial services industry. The publication will also explore …
Telr has been granted the Retail Payment Services License from the Central Bank of the UAE
Marking a transformative milestone in its mission to drive financial innovation and seamless digital transactions …