Exit taxes are rarely big revenue raisers, especially as they often take the form of a levy on future capital gains if and when assets are sold …
UAE-licensed OKX crypto exchange offers the first AED order book in the country
OKX, the global on-chain technology company operating one of the biggest global crypto exchanges, has officially gone live in the UAE. It operates as OKX Middle East Fintech FZE, with a full license …
UAE: Fintech Surge 2024 to showcase global fintech leadership
With over 100 exhibitors, 120 speakers, and more than 1,200 investors, Fintech Surge 2024 is set to deliver an agenda packed with cutting-edge discussions and live demonstrations, setting the stage …
UAE’s Lunate Explores $1 Billion Stake in Credit Firm HPS
Lunate, the Abu Dhabi-based asset manager, is considering buying a minority stake in HPS Investment Partners as the private credit firm weighs an initial public offering or sale, according to people …
OKX Goes Live in UAE, Targeting TradFi Institutions, Retail Market
OKX, one of the four biggest cryptocurrency exchanges, has gone live in the UAE, Middle East General Manager Rifad Mahasneh said in an interview.
COP28 President calls on parties to implement the UAE consensus
COP28 President Dr. Sultan Al Jaber today called on nations to once again “unite, act and deliver” at COP29 in Baku to build on the mandate of last year’s historic UAE Consensus, which represents the …
Dubai Islamic Bank issues $500mln sukuk
Dubai Islamic Bank, the biggest Islamic lender in the UAE, has issued a $500 million AT1 sukuk with a profit rate of 5.25%, down from initial price thoughts of 5.75%. The sukuk will be dual listed on …
COP28 President calls on Parties to implement the UAE Consensus, the defining roadmap for climate action and socio-economic development
On mitigation, “let’s not reinvent the wheel,” Dr. Al Jaber said, calling on Parties “to follow through on what we all signed up to” at COP28. “The UAE Consensus is the road back to Paris ,” he said.
Dubai Chambers and Dubai Islamic Bank sign MoU to support business growth in local and global markets
Dubai, UAE – Dubai Chambers has signed a Memorandum of Understanding (MoU) with Dubai Islamic Bank (DIB) to enhance the banking services available to the business community and support the local and …
Bank of Sharjah acts as joint lead manager & bookrunner in a US$ 750mln Sukuk Issuance for the Government of Sharjah
The Sukuk was launched with initial price guidance of US Treasuries plus a spread of +175 basis points area, with final pricing at 140 basis points over U.S. Treasuries …
What to do if your bank blocks end-of-service gratuity owing to an unlisted employer
Banks in the UAE usually temporarily withhold an employee’s end-of-service benefits, if a person is changing jobs while still repaying loans or other financial commitments. Often, the payout is …
Hafeet Rail announces $1.5bn finance deal as it looks to connect UAE and Oman by train travel
Hafeet Rail has announced $1.5bn in financing as it looks to connect the UAE and Oman by train transport.
UAE: Bank financing agreement for ‘Hafeet Rail’ network valued at $1.5bln
A single freight train journey on the network is expected to transport more than 15,000 tonnes of cargo, or approximately 270 standard containers …
UAE: Track crypto transfers to help fight money-laundering, Central Bank tells providers
The UAE and other central banks around the world have been tightening regulations around virtual assets due to their use for illicit trade …
UAE: Bank financing agreement for ‘Hafeet Rail’ network valued at $1.5bln
A single freight train journey on the network is expected to transport more than 15,000 tonnes of cargo, or approximately 270 standard containers …
UAE-Oman ‘Hafeet Rail’ project secures $1.5 billion financing
The railway will cut travel time between Abu Dhabi and Sohar to just 100 minutes, with passenger trains reaching up to a speed of 200 kmph …
UAE leads in wealth market growth as HNWI influx surges
The UAE, which is set to be the world’s leading wealth magnet for the third year in a row in 2024, is on track to become the sixth largest cross-border fi..