A storm hit the United Arab Emirates this week bringing record rainfall that flooded highways, inundated houses, gridlocked traffic and trapped people in their homes. Olivia Chan explains what we know …
Dubai mandates Changpeng Zhao’s removal for Binance license clearance
Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai.
Dubai Investments shareholders approve 12.5% dividend
Dubai Investments has announced the distribution of 12.5 per cent cash dividend to the shareholders for the financial year ending December 31, 2023. The group reported profit attributable to the …
UAE: How this Dubai expat emerged as one of the most successful Bangladeshi entrepreneurs globally
The story of a non-resident Bangladeshi family establishing and running the famed perfume company Al Haramain and its successful subsidiaries …
Hedge Fund ExodusPoint Hires Three Portfolio Managers in Dubai Push
ExodusPoint Capital Management hired three portfolio managers in Dubai as the multistrategy hedge fund builds out its operations in the Middle Eastern business hub.
Canaan Shines at Blockchain Life 2024 in Dubai
DUBAI, UAE, April 18, 2024 /PRNewswire/ — Canaan Inc. (Nasdaq: CAN), the creator of ASIC Bitcoin miners, captured the spotlight at the highly anticipated Blockchain Life 2024 event in Dubai, UAE, on …
Report of the independent auditor on summary financial information to Directors of Chubb Tempest Life Reinsurance Ltd. in respect of its UAE Branch
Established in partnership with the leading corporate service provider in the United Arab Emirates, Virtuzone … infrastructure costs, licensing, banking, and administrative services. With …
Dubai reels from floods chaos after record rains
Dubai’s giant highways were clogged by flooding and airport passengers were urged to stay away on Wednesday as the glitzy financial centre reeled from record rains.
Fime to Support Set Up of UAE’s Domestic Card Scheme (Jaywan)
Fime has been selected by Al Etihad Payments, a subsidiary of the Central Bank of the UAE, to play a key role in the establishment of the UAE’s domestic card payment scheme, named Jaywan. To support …
Dubai Metro rain aftermath: All the updates you need to know
If you live in Dubai and bank on the Dubai Metro for transportation, take note of this update which will affect your travelling plans. Dubai’s Roads and Transportation Authority took to their …
Binance obtains Dubai licence to target retail clients
Cryptocurrency exchange Binance said on Thursday it had secured a licence from Dubai’s regulator VARA that will allow the platform to target retail clients in addition to qualified and institutional …
Woman wheels dead uncle into bank to sign loan
A Brazillian woman was arrested after attempting to secure a loan from a bank with her dead ‘uncle’. VIdeo / GlobalNewsTube …
Dsquares unveils game-changing loyalty solutions at Loyalty Connect Global in Dubai
Cairo-based Dsquares empowers the loyalty market showcasing AI-enabled innovations and takes center stage at global event …
Briton living in Dubai says floods are ‘crazy’ as torrential rain hits region
A British man who relocated to the United Arab Emirates (UAE) has said the flooding in the region has been “crazy” as he described seeing cars “fully submerged” in water. Jake McCulloch, 24, who moved …
Hedge Fund ‘Pod’ Strategy Imitated by Pensions, Endowments
Pensions and endowments are borrowing from the playbook of giant multimanager hedge funds — and giving it a go themselves. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens …
UAE grocery chain Spinneys to float on Dubai Financial Market
The company will open its first store in the Saudi Arabian market in La Strada, Riyadh, in the first half of 2024.
NBD Emirates, Mizuho Bank eye KKR’s stake in Avendus Capital
Mizuho Bank and NBD Emirates frontrunners to acquire KKR’s stake in Avendus Capital valued at $430-450 million.