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Tag: banking

Posted on 28/06/2025

UAE: 75,000 students to learn saving, budgeting under ‘young investor programme’

The programme blends classroom-based learning with immersive, real life training, offering students a unique and interactive pathway to understanding personal finance.

Posted on 28/06/2025

UAE: No free remittances for Emirates NBD customers from September

DirectRemit is a digital money transfer service that allows customers to make remittances to India, the Philippines, Pakistan, Sri Lanka, Egypt and the United Kingdom in less than 60 seconds.

Posted on 27/06/2025

Pine Labs files for IPO in India to raise $303m

The prospectus also reveals that Pine Labs may consider a pre-IPO placement worth up to Rs 5.2bn, set for listing on NSE and BSE.

Posted on 27/06/2025

Dubai approves new reforms: How they impact education, eco standards

The new Governance Policy for Government Construction Projects introduces a tiered system for project evaluation and financial planning …

Posted on 27/06/2025

UAE bans bank from accepting new customers for 6 months, fines it Dh3.5 million

Central Bank of the UAE has taken regulatory action against a bank operating in the country by suspending its onboarding of new customers under its Islamic Window for a period of six months.

Posted on 27/06/2025

UAE raises $300m in June 2025 Islamic T-Sukuk auction, oversubscribed 5.6 times

The UAE Ministry of Finance (MoF) has announced the successful completion of its June 2025 auction of Islamic Treasury Sukuk (T-Sukuk), raising AED1.1bn ($300m) as part of its broader 2025 issuance …

Posted on 26/06/2025

Hedge Fund Magellan Capital’s Office Searched by Dubai Regulator

Dubai’s financial regulator conducted a search last month at the offices of Magellan Capital Limited, following complaints from a former trader who claimed a senior executive at the hedge fund startup …

Posted on 26/06/2025

Dubai-Based idea-L® Raises $1M in Oversubscribed Pre-Seed to Launch AI-Powered Cofounder Platform Across the Middle East.

Peter Goodwin, CEO & Founder (middle); and Mark Hill, CLO & Co-Founder (right) DUBAI, UAE — idea-L®, the artificial intelligence (AI) and Web3-powered platform that turns ideas into investor-ready …

Posted on 26/06/2025

Hottest investment trends in the UAE: Watch our latest Breakfast Briefing panel event

From global mobility and residence-by-investment to IPO outlooks and the great wealth transfer, this Gulf Business panel event in Dubai on June 25 brought together leading voices to decode the UAE’s …

Posted on 26/06/2025

Dubai selection to host SIBOS 2029 confirms global confidence in UAE’s leading position: UBF

UAE Banks Federation (UBF) has reaffirmed that the selection of Dubai to host SIBOS 2029, the annual conference, exhibition and networking event organised by the Society for Worldwide Interbank …

Posted on 26/06/2025

Dubai Taxi IPO price range values company at up to $1.25 bln; strong demand expected – Reuters

Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with investors expecting healthy …

Posted on 26/06/2025

UBF: Dubai selection to host SIBOS 2029 confirms global confidence in UAE’s leading position

SIBOS 2029, to be held in Dubai, will provide UAE banks with the opportunity to highlight to all SWIFT participants UAE’s financial and banking industry’s development. SIBOS attracts more than 10,000 …

Posted on 26/06/2025

UAE residents need nearly $1,800 monthly to become millionaires in 10 years, financial experts reveal

Most UAE residents are missing millions in potential wealth by starting too late, despite having a unique tax-free advantage, experts told Arabian Business …

Posted on 26/06/2025

Equity Group to Become First Kenyan Bank to Expand into UAE

Equity Group shareholders have approved the opening of a Representative Office in the United Arab Emirates (UAE), making Equity the first Kenyan bank to set up operations in the Middle East. The group …

Posted on 26/06/2025

UAE Bank Banned from Taking New Customers for 6 Months

A UAE-based bank has been barred from accepting new customers for six months after breaking Sharia governance rules that apply to Islamic banking. The Central Bank of the UAE (CBUAE) issued the …

Posted on 26/06/2025

UAE earns top sovereign credit ratings from Moody’s, S&P, and Fitch in 2025

The UAE has secured strong sovereign credit ratings from the world’s top three agencies – S&P Global (S&P), Moody’s Investors Service (Moody’s), and Fitch Ratings (Fitch) – reinforcing international …

Posted on 26/06/2025

UAE Central Bank fines UAE based bank Dh3.5m, halts new accounts over Sharia, AML breaches

A UAE-based bank has been penalised by the Central Bank of the UAE (CBUAE) for failing to comply with Sharia governance requirements. The disciplinary action includes a six-month ban on accepting new …

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