The UAE stands out as one of those regions where there is still a very clear growth outlook for corporates, which really translates into growth for the banking …
MEBIS Dubai to showcase latest banking technologies and trends at upcoming event
This highly anticipated event will delve into various topics, including the transformative potential of artificial intelligence in the banking sector …
MC Inside Edge: HNIs on the backfoot in Suzlon, SAIL, wealth managers head for Dubai, I-Sec shareholders’ gripe
And until there is clarity on the allegations over corporate governance issues, fund managers are unlikely to jump in any time soon. That means, HNIs will have to do the heavy lifting for some more …
Om! Mantra Emerges As Top Crypto Gainer, Surges 18.6% As Zand Bank Signs MOU For RWA Compliance
The MANTRA (CRYPTO: OM) token has experienced a significant surge in the last 24 hours, with its value rising to $1.07. This spike follows a recent development involving a partnership with a bank in …
UAE announces new regulations for telemarketing calls; over $40,000 fines for breaking rules
The UAE Ministry of Economy and the Telecommunications and Digital Government Regulatory Authority (TDRA) have introduced regulations on marketing phone calls and penalties for violations. The rules …
Ex-Millennium Trader Megia Debuts Hedge Fund With $5 Billion
Millennium Management’s former senior trader Diego Megia kicked off his new hedge fund with $5 billion and closed it to new money on the very first day, becoming one of the largest startups in recent …
Britain’s rich race to save their wealth from election hit
Some are cashing in investments, paying off bills that may soon rise or leaving the UK entirely. Read more at straitstimes.com.
UAE, Saudi to lead GCC economic rebound
Economic growth in the GCC region is expected to rebound to 2.8 per cent and 4.7 per cent in 2024 and 2025, respectively, led by robust GDP expansion in th..
New telemarketing rules in UAE: Timings, fines, exemptions explained
Yes. The law will apply to all licensed companies in the UAE, including those operating in the free zones. It falls within the jurisdiction of the Central Bank of the UAE to oversee and decide on all …
Abu Dhabi’s Alef Education Garners $515 Million from IPO
Alef Education Holding plc, an award-winning AI-powered learning solutions provider based in Abu Dhabi, has wrapped up its initial public offering (IPO) on the Main Market of the Abu Dhabi Securities …
PNB plans to expand its overseas footprint, to open representative office in Dubai
State-owned Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint. The bank has got the board of directors’ approval for opening a …
Ajman Bank to support Ajman University’s Scholarship Endowment Fund
To provide high-quality educational opportunities for UAE nationals and enhance their leading role in the economic growth of the UAE …
David & Goliath Farms upbeat on unlocking a greener, more prosperous future in UAE
UAE Banks Federation revealed the remarkable success of the banking and financial sector in developing sustainable banking solutions in line with the UAE’s strategy to reduce emissions and achieve …
UAE’s Alef Education sets IPO final price; market cap on listing seen at $2.57bln
The UAE’s Alef Education, which is floating 20% of its share capital in an initial public offering (IPO), has set the final offer price at the top of the indicative range at 1.35 dirhams ($0.37) per …
Dubai-listed Ascana rebrands to Sukoon Takaful after stake sale
An important milestone to the company, the move is akin to the legal name rebrand conducted by its parent company, Sukoon Insurance, the takaful insurer said in a filing with the Dubai Financial …
Saudi Arabia set to raise $11.2 billion selling Aramco shares at lower end of expectations
Saudi Arabia is poised to raise more than $11.2 billion selling shares in oil giant Aramco to help fund its spending plans, after pricing the stock at the lower end of expectations, the company said …
Pound vs Euro: UAE money transfers – time it right in June, save big on remittances
“If you concern yourself with exchange rates when you’re about to head off abroad on holiday, know that changes to the currency’s value have wider ramifications beyond the price you’ll pay overseas,” …