Careem Pay, the fintech arm of the UAE-based super app Careem, has officially launched international money transfers to Jordan, adding to its growing network of remittance corridors. This move marks a …
Air Arabia begins using the AED stablecoin for payments in the UAE
UAE-based Air Arabia airline is accepting AED stablecoin, the regulated AE Coin developed by UAE MBank Al Maryah Bank, for flight booking payments. The airline is reportedly the first in MENA to offer …
Ajman Department of Finance, Ajman Bank sign agreement to boost operational efficiency
The Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve …
StanChart Expands UAE Private Banking Frontline
The private banking arm of Standard Chartered has made a handful of hires for its front office in the United Arab Emirates.
Dubai Holding’s Residential REIT IPO Draws Record Demand, Signalling Investor Confidence
Dubai Holding has successfully raised AED 2.14 billion through the initial public offering of its Dubai Residential REIT, marking the largest real estate investment trust listing in the Gulf …
Dubai issues new guidelines to ensure accountability in public finances
The new rules aim to enhance accountability in public finances without compromising the impartiality or fairness of disciplinary proceedings …
Dubai Land Department (DLD) Launches MENA’s First Tokenized Real Estate Project
Currently available exclusively to UAE ID holders, the platform enables users to generate returns and own a share in a prime real estate project in Dubai.
Dubai launches tokenised real estate investment project via ‘Prypco Mint’
Dubai Land Department (DLD) has launched the Middle East and North Africa region’s first tokenised real estate investment project through the ‘Prypco Mint’ platform. The initiative, part of Dubai’s …
Maktoum bin Mohammed issues Decision on Financial Audit Authority’s Central Violations and Grievances Committees
The Decision seeks to ensure accountability in public finances without compromising the objectivity or impartiality of disciplinary proceedingsIn his capacity as Chairman of the Financial Audit …
Dubai announces workplace rules for government employees under new committee system
The operational procedures apply to employees and senior officials, including CEOs and those in higher executive positions of entities in Dubai …
Ctrl Alt and Dubai Land Department go live with tokenized real estate, forecasts $16bln market by 2033
Launched today in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation and PRYPCO …
UAE Islamic banks’ assets cross Dh1-trillion mark in 2024
The UAE Islamic banks’ assets have crossed the Dh1 trillion mark in 2024, according to the global rating agency Moody’s Ratings. “Islamic asset growth rebounded after the pandemic slow down. The total …
Dubai Holding announces increase in size of IPO of Dubai Residential REIT
DHAM REIT Management LLC exercised its right to increase the number of Units driven by the strong demand from domestic and international investors and oversubscription across all tranches. Upon …
UAE announces new corporate tax rule for partnerships
The UAE Ministry of Finance has issued a Cabinet Decision that allows unincorporated partnerships to elect for corporate tax treatment, marking a shift in the country’s approach to partnership …
UAE real estate: Property transactions hit over $65bn in first quarter of 2025
The period from January through March recorded 94,719 sales, purchase, and mortgage deals across five emirates in UAE …
Real estate transactions in five UAE emirates reach AED239 billion in Q1
Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project …
Deutsche Bank bolsters UAE foothold with ADGM licence
The licence allows the bank to participate in regulated activities under the Financial Services and Markets Regulations 2015.