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Tag: banking

Posted on 15/07/2025

AlHuda CIBE partners with Soltesz Institute to offer dual certifications in Islamic finance

Under the terms of the agreement, The Soltesz Institute will integrate Alhuda CIBE’s specialized courses into its platform, offering students the unique advantage of receiving two certifications upon …

Posted on 15/07/2025

Dubai Centre for Family Businesses, Emirates NBD to support family businesses

The centre will collaborate with the Private Banking division at Emirates NBD to develop and integrate a framework of key functions to help businesses preserve their family wealth, legacy and values f …

Posted on 15/07/2025

GCC IPO Market Sees Largest-Yet First Half, Despite Dip in Proceeds

Dubai GCC countries secured $3.4 bn from 24 initial public offerings in the first half of 2025, down 6% from $3.6 bn over 23 listings a year earlier, according to a report by Kuwaiti research firm …

Posted on 15/07/2025

Proceeds from GCC IPOs decline 6% in H1 2025 to $3.4bln

The most notable decline was reported by the UAE, which raised $163 million in 2025, dropping 88% from the $1.32 billion raised from IPOs in H1 2024. In 2024, the UAE’s offerings constituted 37% of …

Posted on 14/07/2025

UAE gas IPO’s $50 bln valuation looks like a floor | Reuters

The United Arab Emirates’ bumper gas listing inevitably invites comparisons with Saudi Aramco . Abu Dhabi National Oil Company (ADNOC) is selling a 4% stake in its gas processing arm to local …

Posted on 14/07/2025

Why African banks are turning from London and New York to Dubai and Riyadh

Arab-based DIFC and KAFD financial hubs are now outshining New York’s Wall Street and London’s The City. This geographical shift mirrors a broader reorientation of trade and financial flows towards …

Posted on 14/07/2025

Dubai offers ‘first-time buyer scheme’ for priced-out Britons – and they could get £100k discount

Young Britons struggling to get on the housing ladder could get first dibs on new apartments, a competitive mortgage offer – and £100,000 off the price.

Posted on 14/07/2025

Absolute Digital Media expands to the UAE with new Dubai headquarters

Performance marketing agency Absolute Digital Media has officially launched its new headquarters in Dubai, coming from the UK. Absolute Digital Media brings its award-winning SEO, PPC, paid social, …

Posted on 14/07/2025

Dubai offers ‘first-time buyer scheme’ for priced-out young Britons – and they could get an £100k discount

Young Britons struggling to get on the housing ladder could get first dibs on new apartments, a competitive mortgage offer – and £100,000 off the price.

Posted on 14/07/2025

UAE lender ADCB reports 11% jump in second-quarter profit

Abu Dhabi Commercial Bank reported net income of 2.57 billion dirhams ($699.7 million) for the second quarter on Monday, up 10.7% from the prior-year period, beating analyst expectations. Analysts had …

Posted on 14/07/2025

Dubai jumps in global wealth rankings as lifestyle appeal lures world’s elite

Dubai has risen to the seventh place globally and fourth in the EMEA region as a preferred destination for high-net-worth individuals. In Julius Baer’s Global Wealth and Lifestyle Report 2025, Dubai …

Posted on 14/07/2025

Data centre NTT DC REIT makes tepid debut after Singapore’s biggest IPO in 4 years

Singapore’s NTT DC REIT, a data centre real estate investment trust, had a lacklustre market debut on Monday after riding a wave of AI interest to raise $773 million in the city-state’s biggest IPO in …

Posted on 14/07/2025

UAE fines Dh325,000 on several financial companies for violating tax rules

The UAE has imposed financial penalties totalling Dh325,000 on several licenced financial institutions for failing to comply with international tax transparency regulations, including the Foreign …

Posted on 14/07/2025

VARA developing new pilot projects in gold, decentralised finance: CEO

The Dubai Virtual Assets Regulatory Authority (VARA) has so far issued 36 full licences to entities operating in the virtual assets sector.Matthew White, Chief Executive Officer of VARA, told Emirates …

Posted on 14/07/2025

RAKBANK unveils new Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah

Dubai, United Arab Emirates – RAKBANK has officially inaugurated its state-of-the-art Elite Banking Centres in Abu Dhabi, Dubai, and Ras Al Khaimah, further strengthening its commitment to serving …

Posted on 14/07/2025

Dubai Cares’ “Pack for Impact” Initiative unites volunteers to support children across the UAE

Over 100 volunteers from GFH Financial Group, Dubai Cares, and partner organizations came together at JW Marriott Marquis Dubai recently for the “Pack for Impact” initiative under Dubai Cares’ …

Posted on 13/07/2025

Dubai’s RTA unveils Dhs633m road projects to cut travel time by 50%

In line with the directives of the leadership to enhance the road infrastructure and public transport systems in support of urban development, …

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