The Dubai Jewellery Group data showed 24K opening at Dh379 per gram while 22K was selling at Dh350.75 per gram. Among other variants, 21K and 18K opened at Dh336.5 and Dh288.25 per gram, respectively.
Nvidia challenger Cerebras says it’s leaped Mid-East funding hurdle on way to IPO
Wafer-scale AI chip startup apparently smoothed over American concerns around UAE’s G42 planned stake AI chip startup Cerebras Systems says it has cleared a key hurdle ahead of its planned initial …
Middle East sees strong IPO activity
Long-term policy initiatives supporting the development of capital markets in the Middle East are paying off, with stock markets across the …
Chipmaker Cerebras Says US Signs Off on UAE Ties Ahead of IPO
Cerebras Systems Inc. said it has resolved “all open issues” with the Committee on Foreign Investment in the US, a crucial step that may clear the chip startup’s path for its much-anticipated initial …
Dubai-Based Sisters Duped Of ₹3.85 Crore In Navi Mumbai Investment Scam, Threatened With Gangster Links
When the sisters – Amrita, 58, and Anjana, demanded their money back, the firm owner, Hariharan alias Hari Janardhan Iyer, 52, allegedly threatened them with dire consequences, claiming connections …
Mortgage landscape in Dubai remains resilient as Fed holds rates steady
The mortgage landscape in Dubai remains resilient as the US Federal Reserve held interest rates steady earlier this month at 4.25 per cent-4.50 per cent, a move that signals stability for global …
Sonic Labs ditches algorithmic stablecoin in favor of UAE dirham alternative
Sonic Labs is ditching its algorithmic stablecoin in favor of a UAE dirham alternative, its co-founder, Andre Cronje, has confirmed. The platform had initially harboured plans to launch a US dollar …
UAE unveils new Dirham symbol, following Saudi Arabia
ALBAWABA – The Central Bank of the UAE, responsible for managing currency, monetary policy, and banking and insurance regulation, has unveiled the new D …
UAE Eyes Q4 2025 for Digital Dirham Rollout
The United Arab Emirates is set to issue its own blockchain-backed central banking digital currency (CBDC) by late 2025.
Masdar IPO could help accelerate Gulf’s energy transition
IPO Expanding into Europe Could spur other listings An initial public offering by Abu Dhabi’s Masdar could mark a pivotal moment in the move towards cleaner sources of power in not only the …
Dubai’s Evolving Role in Global Wealth and Investment Mobility
Can Dubai position itself as a key destination in the evolving global wealth landscape? Why HNWIs Are Rethinking Jurisdictional Strategies?
6 wealth management mega-trends in the Middle East and UAE
Dubai’s allure is legendary. In the 1990s, the phrase ‘Shanghai, Mumbai, Dubai, or bye-bye’ captured the city’s ascent. Decades later, its magnetic appeal remains intact …
Dubai real estate billionaire Alabbar eyes Montenegro
The developer behind the Burj Khalifa has submitted the highest bids for leases on a stretch of the Balkan country’s southern coastline, but locals are pushing back.
Middle East’s best for UHNW 2025: Emirates NBD Private Banking
In a year marked by geopolitical flux and a surge of ultra-high-net-worth (UHNW) individuals relocating wealth to the UAE, Emirates NBD Private Banking has emerged as a leading steward for wealthy …
Private banking awards national winners 2025: UAE
ADCB Private and Wealth Management has demonstrated excellent financial growth, commitment to sustainability and digital innovation over the review period.
Dubai seeks regulatory reforms to attract global hedge fund giants
According to a note from Samira Farzad, Head of Business Development at HF Quarters, Dubai is making waves in the financial world with its ambitious plan to transform into a premier global hedge fund …
XTB expands in the UAE with new Dubai office and key regulatory milestones
XTB, a leading global fintech company, has announced the opening of its new office at One Central, Dubai World Trade Centre. This expansion marks a significant step …