Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year as part of a crackdown on misconduct in the emirate’s financial services sector, including cases of …
Dubai regulator imposes $2.5mn in fines in financial services crackdown
Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year as part of a crackdown on misconduct in the emirate’s financial services sector, including cases of …
Mohammed Bin Rashid Innovation Fund announces MoU with Wio Bank
Dubai, UAE – The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support innovation in the UAE, has signed a Memorandum of Understanding (MoU) with …
Singapore’s First APAC Fund to invest up to AED 5bln in Dubai’s AMIS Development
The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments …
UAE: GPSSA announces over $218.80mln in pension payments for November 2024
The expenses incurred include civilians subject to the laws that the GPSSA is responsible for implementing and eligible members whose files are managed by the GPSSA …
UAE calls on taxpayers to register this week to avoid fines
The UAE has called on certain taxpayers to submit applications before the end of this week in order to avoid paying fines.
UAE’s Mubadala agrees to take CI Financial private in $8.7B deal
CI Financial (OTCPK:CIXXF) entered an agreement to be acquired by an affiliate of Mubadala Capital in deal that implies an enterprise value of ~C$12.1B (US $8.67B), the company said on Monday.
UAE bank lending rises but profits hit by impairment charges
Net income down 5.5% in Q3 Big increase in impairment charges Retail lending drives activity The aggregate net income of UAE banks dropped 5.5 percent in the third quarter of this year, as …
UAE approves record 2025 budget with balanced $19.5bn revenues and expenditure
The UAE has approved a balanced budget for the next financial year with revenues and expenditure of AED71.5bn ($19.5bn).
Digital Dubai hosts Dubai Data and Statistics Partners Forum
Recognising the vital role of partnership and ongoing collaboration in harnessing data’s full potential in the digital age, Digital Dubai hosted today the Dubai Data and Statistics Partners Forum unde …
Alvarez & Marsal reports slower loan growth and increased deposits for UAE banks in Q3 2024
Overall cost efficiency deteriorated as banks increase spending on digitalization initiatives.
Dubai Real Estate Corporation sets budget for 2025 after revenues leap 28%; portfolio reaches 55,000 units
Dubai Real Estate Corporation has set a budget for the year ahead after seeing revenues rise by 28 per cent and residential and commercial portfolio reach 55,000 units.
EDB, Ajman Bank to drive SME financing and innovation in UAE
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading …
EDB, Ajman Bank to drive SME financing and innovation in UAE
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, and Ajman Bank, one of the leading …
Commercial Bank International partners with areeba to enhance fintech payment solutions in the UAE
First UAE bank to collaborate with areeba, bringing secure, efficient payment infrastructure to local fintechs …
Commercial Bank International partners with areeba to enhance fintech payment solutions in the UAE
First UAE bank to collaborate with areeba, bringing secure, efficient payment infrastructure to local fintechs …
Emirates Development Bank and Ajman Bank partner to drive SME financing and innovation in UAE
The collaboration focuses on enhancing the financial inclusion of SMEs and providing them with crucial access to finance …