The Dubai Financial Services Authority (DFSA) has imposed a fine of Dh5,023,375 on a firm for violating DFSA legislation on compliance …
Dubai Financial Market sees $1.02mln direct deal on Ekttitab Holding shares
DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Ekttitab Holding with a total value of AED3.78 million. According to DFM data, the deal was …
LuLu Exchange marks milestone with grand opening of the 100th customer engagement centre in the UAE
The branch was inaugurated by H.E. Satish Kumar Sivan, Consul General of India, Dubai, alongside Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings in the esteemed presence of other dignit …
UAE, India finalize oil trade with rupees instead of dollar
India and the United Arab Emirates (UAE) have executed their first-ever oil trade using India’s rupee instead of the US dollar. This groundbreaking agreement reflects both countries’ commitment to …
Meet the husband-wife duo bringing high-quality Palestinian products to the UAE market
Meet Aziz Khatib and Tala Hammash — the young enterprising husband-wife duo behind the UAE-based brand Jenin gaining a reputation for bringing high quality..
UAE: What would you do if you win Dh200 million? Residents share grand dreams
spoke to three individuals with different perspectives to learn what they would do if they won this life-altering amount …
UAE sets out legislation to regulate buy-now-pay-later credit
BNPL fintech firms can provide short-term credit services upon being licenced by the UAE central bank as restricted licence finance companies.
Real Estate Investment in Dubai – 5 Easy Ways for Indians to Get Started
However, establishing a successful real estate investment portfolio in Dubai requires strategic foresight. Understanding the real estate trends, legal framework, and cultural nuances are integral to …
UAE stocks surge; market capitalisation hits AED3.61trn
The market capitalisation of listed stocks grew from AED3.609 trillion on 26 December to AED3.612 trillion by the close of December 27 trading, divided into AED 2.932 trillion for stocks listed on the …
Micropolis Robotics to file for IPO, plans a $37 million fundraise
Dubai-based robotics manufacturer Micropolis Robotics announced plans to file for an initial public offering on the New York …
UAE stocks surge, market cap jumps over AED2.84bn
UAE stocks bolstered their gains on Wednesday, with their market capitalisation rising by over AED2.84 billion. The market capitalisation of listed stocks grew from AED 3.609 billion yesterday to AED …
UAE central bank introduces framework for regulation of short-term credit facilities
The Central Bank of the UAE (CBUAE) has amended the Finance Companies Regulation following global shifts in consumer financial trends and the growing popularity of “Buy-Now, Pay-Later” credit products …
Dubai Financial Market records trade of 175.3mn shares
Three substantial deals were conducted by Dubai Financial Market, involving the shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’ …
UAE introduces framework for regulation of short-term credit facilities
Acknowledging the global shifts in consumer financial trends and the increasing demand for “Buy-Now, Pay-Later” and similar credit products and services, the Central Bank of the UAE (CBUAE) has …
India allows it banks to import UAE gold at lower duty
India has permitted banks in the country to import gold from the UAE at concessional duty in a significant policy tweak that is expected to provide a major boost to the local gold exporters. The …
Commercial Bank of Dubai and Arabian Gulf Mechanical Centre L.L.C join forces
Dubai: Commercial Bank of Dubai (CBD), a prominent United Arab Emirates (UAE) national bank, is pleased to announce its strategic collaboration with Arabian Gulf Mechanical Centre L.L.C (AGMC), the …
Al Maryah Community Bank signs MoU with Real Estate Regulatory Agency
Marwan bin Ghalita, CEO of the Real Estate Regulatory Agency (RERA), expressed, “We are pleased to conclude this agreement with Al Maryah Community Bank. Through this partnership, we anticipate …