Cloud kitchen startup Curefoods is in talks to raise $40 million as part of its Series D round of funding, as it seeks to open more offline restaurants, acquire food brands and expand into newer …
Brookfield Raises $2.4 Billion for Its UAE-backed Fund
Canada’s Brookfield Asset Management has announced the initial closing of $2.4 billion for the UAE-backed Catalytic Transition Fund (CTF), part of a plan to raise up to $5 billion for investments in …
Brookfield Raises $2.4 Billion for Its UAE-backed Fund
Canada’s Brookfield Asset Management has announced the initial closing of $2.4 billion for the UAE-backed Catalytic Transition Fund (CTF), part of a plan to raise up to $5 billion for investments in …
The Ministry of Finance organises first dialogue with senior officials of National Companies Operating in the GCC
Discussing strategies to enhance economic and financial integration and create an attractive investment environment for companies …
Dreadful Dubai storm makes disaster films look like Saturday morning cartoons
There’s no better place than Dubai’ became more than just a cute social media slogan in April 2024; it became the prevailing thought in Mother Nature’s mind too. Shared by Polina, this jaw-dropping …
Emirates Development Bank underlines commitment to financing national development, SME growth
The financing market is currently experiencing a period of adjustment marked by tightening liquidity, rising interest rates, and increased risk aversion from traditional lenders …
Africa’s Richest Person Plans to Open a Family Office in Dubai
Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals who have flocked to the Middle East’s financial hub over the past few years.Most …
Africa’s Richest Person Plans to Open a Family Office in Dubai
Nigerian billionaire Aliko Dangote is setting up a family office in Dubai, joining other high-net worth individuals who have flocked to the Middle East’s financial hub over the past few years.Most …
Hedge Funds Now Employ More Than 1,000 People in Dubai
An influx of some of the world’s biggest hedge funds, from Millennium Management to Balyasny Asset Management, has pushed the industry’s headcount in Dubai to over 1,000, burnishing the city’s …
UAE stock markets collectively rise on Tuesday
The main index of Dubai Financial Market (DFM) showed a positive performance on Tuesday after rising by 27.40 (0.61%) to 4,434.06 points. The trading value hit AED 320.96 million through the exchange …
UAE seizes $639m of assets for money-laundering violations
In 2023, the UAE imposed fines exceeding AED254m ($69m) related to money laundering and seized assets valued at more than AED2.348bn ($639m) for violations of anti-money laundering practices and …
Dubai: Arcapita and Dgpays Consortium Acquires Majority Stake in NEOPAY from Mashreq
The transaction implies an approximate enterprise value for NEOPAY of $385 million, and the closing is subject to necessary regulatory approvals …
A debut AED 500mln syndicated loan is arranged and coordinated by Mashreq for the Trade and Development Bank
Ebene/Dubai – A landmark AED 500 million syndicated loan was concluded for the Eastern and Southern African Trade and Development Bank by Mashreq, a leading financial institution in the MENA region.
UAE committed to combating financial crimes, preserving integrity of economic system
In 2023, the UAE imposed fines exceeding $69.20mln related to money laundering and seized assets valued at more than $639mln for violations of anti-money laundering practices and procedures …
UAE’s Role in Combating Global Financial Crime: A Model for International Cooperation
Financial crime is a pervasive global threat, one that demands collective international effort to effectively address. The United Arab Emirates (UAE) is emerging as a vital player in the global fight …
UAE authorities give companies one week to submit paperwork or face fines
UAE authorities have given taxpayers in the country until September 30 to submit essential paperwork or face fines.
Brookfield Asset Management raises $2.4 billion for UAE-backed climate finance fund
The New York Stock Exchange-listed Brookfield Asset Management has raised $2.4 billion for a climate-finance-focused fund to invest in clean energy projects in emerging markets, reaching about half of …