Banks in the UAE and Qata lead regional “reputational net sentiment,” according to the first-ever GCC banking sentiment index that has been designed to quantify the experiences and sentiments of …
ADC Acquisition Corporation to open IPO subscription on 12 May
ABU DHABI, 10th May, 2022 (WAM) — ADC Acquisition Corporation PJSC (ADC), the UAE’s first Special Purpose Acquisition Company (SPAC), today announced its Initial Public Offering (IPO) subscription …
🔒 UAE nears exit from FATF ‘grey list’ following robust crackdown on illicit finance
The UAE is on track to exit the Financial Action Task Force’s “gray list” this week after a crackdown on illicit financial activities.
Dubai developer Binghatti set to launch benchmark sukuk offering
Binghatti Holding, a Dubai-based property developer, is looking to raise $500 million from the sale of Sharia-compliant bonds as it aims to diversify is funding base.The company is preparing for the …
Dubai real estate: The true cost of buying property beyond the listing price
Buying property in Dubai is widely seen as a great investment, but prospective buyers must consider more than just the advertised listing price. Additional fees, charges, insurance costs, and …
UAE ranks world’s 4th largest Islamic finance market: CBUAE
The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC), Southeast Asia, and South Asia. The UAE ranks fourth among …
UAE poised to exit watchdog’s dirty money list after reforms
As part of their efforts to exit the gray list, UAE officials have made some high-profile arrests. Hedge fund trader Sanjay Shah, accused of defrauding the Danish state of $1.3 billion in the Cum-Ex …
UAE property developer Binghatti Holding announces upcoming Sharia-compliant USD sukuk launch
UAE real estate developer Binghatti Holding is poised to launch its debut US dollar sukuk, or Islamic bond, in the coming days. The Sharia-compliant bond issuance aims to diversify the company’s …
First-ever GCC banking sentiment index reveals UAE and Qatar banks lead regional Reputational Net Sentiment
The UAE garnered praise that accounted for 21.1% of its conversation Saudi Arabian consumers were the most engaged online, as Saudi banks dominated the GCC’s banking conversation. Qatar topped the …
NE Ohio brothers, one claiming to be a prince, charged with multi-million dollar scams: Prosecutors
East Cleveland brothers, one claiming to be a prince, face federal fraud and money laundering charges that prosecutors say bilked several people out of up to $10 million.
UAE: How pocket money can teach your children financial literacy
Parents in the Emirates advocate transparent, enjoyable, and interactive approaches to educating kids about money management …
The UAE’s policy overhaul is paying off big time for Dubai with ‘a surge in demand and almost everyone is back in the office’
At the height of the global pandemic, as Dubai faced an exodus of expatriates and mounting competition from neighboring business hubs, the government opened up. That decision is now helping the city …
Nedbank private wealth strengthens its growing Dubai office
Nedbank Private Wealth is pleased to announce the relocation of Sid Ludbe, a highly experienced private banker from its Isle of Man office to its award-winning representative office in Dubai, …
Ken Moelis’s Mideast Bet Is Paying Off
Ken Moelis’s long courtship of governments in Dubai and Saudi Arabia is paying off as the Middle East enjoys a deal boom. But other Wall Street firms are seeking to cash in.
UAE Secures Fourth Spot Globally in Islamic Finance: CBUAE
The Central Bank of the UAE (CBUAE) has revealed that the United Arab Emirates (UAE) now holds the esteemed position of the world’s fourth-largest Islamic finance market. This significant development …
UAE ranks world’s fourth largest Islamic finance market: CBUAE
The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC), Southeast Asia, and South Asia. The UAE ranks fourth among …
Turkey Shelves Landmark UAE Sukuk Deal As Cheaper Markets Reopen
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey placed an $8.5 billion sukuk deal with the United Arab Emirates on …