Dubai Residential Reit on Wednesday rose 13.64 per cent at the close of trade after its listing on the Dubai Financial Market (DFM).
Arthur D. Little survey of 24 UAE banks highlights omnichannel banking trends, opportunities
A new survey by Arthur D. Little (ADL) with 24 UAE banks, revealed that customers are increasingly demanding seamless, omnichannel banking experiences, with mobile banking apps and online platforms …
UAE Central Bank fines two foreign bank branches Dh18.1m for breaching anti-money laundering rules
The UAE Central Bank has fined two branches of foreign banks operating in the country a total of Dh18.1 million ($4.9 million) for breaching anti-money laundering regulations. The regulator imposed a …
UAE: Comera Finance secures NBFC licence from UAE Central Bank
Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications …
Comera receives UAE central bank approval to launch finance company
Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending …
UAE launches first ‘Finfluencer’ licence to regulate digital finance content
The initiative aims to formalise and supervise digital financial content while enhancing investor protection in the UAE …
UAE central bank imposes over Dh18 million fine against 2 foreign bank branches
A UAE authority imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dh10,600,000 for the first bank and Dh7,500,000 for the second bank, pursuant to Article …
UAE: 72% survey respondents prefer mobile banking apps
Mobile wallet adoption is also on the rise, especially among younger and tech-savvy middle-income groups. The UAE’s mobile payment market is projected to grow by 8.2 per cent annually through 2030 …
UAE Central Bank imposes financial sanctions of Dhs18.1m on two branches of foreign banks
The Central Bank of the UAE (CBUAE) imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dhs10,600,000 for the …
Comera Finance receives in-principle approval from the Central Bank of UAE for a finance company license
Comera Finance, part of Comera Financial Holding and Abu Dhabi’s Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial …
Dubai Islamic Bank outlines plans to acquire Noor Bank
DUBAI, 10th June, 2019 (WAM) — Dubai Islamic Bank (DIB) is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a …
Dubai Ruler’s $584 Million REIT IPO Surges In Debut
Dubai Holding’s $584 million residential real estate investment trust surged in its trading debut, as the city’s property market boom continues to lure investors.
Dubai Residential REIT debuts on DFM as the GCC’s largest and first listed pure-play residential leasing focused REIT
Marks the debut of the first listed pure-play residential leasing focused REIT in the GCC, the first REIT under the UAE’s updated regulatory framework, and the first listing on DFM in 2025, …
Exclusive-Shein working towards Hong Kong listing after London IPO stalls, say sources
By Julie Zhu, Hadeel Al Sayegh and Helen Reid HONG KONG/DUBAI/LONDON (Reuters) -Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public …
UAE: Why today’s CFOs need to go beyond balance sheets, crunching numbers
A company’s Chief Financial Officer (CFO) should not just focus on balance sheets and numbers but also act as a catalyst connecting strategy with execution and driving results. With artificial …
Here’s When to Buy Gold in the UAE Without Breaking the Bank
Whether you’re dreaming of a sleek new bangle or planning a serious gold investment, one question always comes up: is now the right time to buy? For savvy gold shoppers in the UAE, timing really is …
Gulf ECM pipeline still full after two blowout IPOs
Equity capital markets in the Persian Gulf region are expected to remain busy this year after two large IPOs were priced last week. Flynas, the Saudi budget airline, raised Sr4.1bn ($1.1bn), while …