“These amendments are in line with the UAE’s ongoing efforts to develop its legislative and legal system, aiming to further strengthen the country’s legal framework in support of the authorities’ …
Bank of Bahrain and Kuwait partners with DP World Trade Finance to boost region’s trade
This strategic collaboration aims to maximise BBK’s global presence in Bahrain, Kuwait, UAE, India and Turkey, to offer trade finance solutions to businesses globally, reflecting the Bank’s commitment …
U.S. Sends Carrier, Missile Submarine to Middle East as Iran Tensions Grow
Washington is building up its capabilities in the region to deter Iran and defend Israel amid concerns of wider escalation.
UAE seeks solo trade agreements as intra-Gulf rivalry heats up
The United Arab Emirates (UAE), the Arab world’s second-largest economy, is increasingly pursuing independent bilateral trade agreements, bypassing the Gulf Cooperation Council (GCC), the Saudi Arabia …
10th P2P Financial Systems International Workshop coming to Dubai in association with VARA (P2PFISY 2024)
Dubai’s progressive stance … Previous editions have been hosted by prestigious institutions such as the Federal Reserve, Deutsche Bundesbank, Bank of Italy, and the European Central Bank, with …
‘You Have the Money, You Can Make the Rules’: A New Era of Middle East Wealth
It used to be one of the most profitable corners of the investment industry. Listen to the Big Take to find out why the dynamics in the region are shifting.
Nuvama Private launches Dubai branch to serve non-resident Indians
The private banking firm is opening new doors to growing Indian market opportunities for Indians living overseas.
Kuwait’s Warba Bank Lists USD 500 Mln Sukuk At Nasdaq Dubai
Methen DUBAI, Aug 12 (KUNA) — Kuwait’s Warba bank CEO, Shaheen Al-Ghanim, on Monday, rang the opening bell of the trading session at the nasdaq Dubai Stock Exchange, announcing the listing of green …
Al Fardan Exchange Leads AI Integration in Finance as Key Partner of Dubai AI & Web3 Festival
Al Fardan Exchange is pleased to announce its partnership with the Dubai AI & Web3 Festival 2024, following the signing of a Memorandum of Understanding (MoU) between both parties. This collaboration …
DMCC accounts for 15 per cent of FDI to Dubai
Dubai’s GDP exceedS Dh115 billion in the first quarter of 2024 with its economy growing at 3.2% compared to the same period in 2023 …
UAE economy grows as real estate, tourism and manufacturing thrive: OPEC
OPEC forecasts growth of UAE economy as real estate, tourism and manufacturing thrive The UAE economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, …
VAST Data Announces Amy Shapero as Company’s First Chief Financial Officer
August 12, 2024 – VAST Data, the AI data platform company, today named Amy Shapero as its first ever Chief Financial Officer (CFO). As the company prepares for its next stage of growth, this strategic …
UAE Central Bank sanctions insurance company for regulatory violations, cites data policy breach
The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE. The sanction is pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) …
DMCC: Dubai free zone accounts for 15% of FDI, 7% of GDP and targets real estate and AI growth
Dubai free zone DMCC now accounts for 15 per cent of FDI and 7 per cent of DDP in the emirate, according to newly announced key performance results across the first half of 2024. In the first half of …
Dubai’s Parkin Q2 net profit up 7% on higher revenue
Dubai’s Parkin Co., which listed on Dubai’s DFM in March this year following an IPO, posted a Q2 net profit of 95 million dirhams ($26 million), up 7% as revenue rose. The company which operates …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …