First Abu Dhabi Bank (FAB) and other major UAE banking institutions have initiated the replacement of SMS-based OTPs with app-based authentication methods. FAB has announced that starting September 22 …
No more OTP: UAE bank moves to app-based approvals for all transfers; what customers need to know
Emirates NBD is phasing out SMS and email OTPs, transitioning to app-based verification through its ENBD X mobile app starting November 1, 2025. This Central Bank-mandated shift aims to significantly …
Millennium Hires in Dubai for New Pod Focused on Commodities
Izzy Englander’s $79 billion Millennium Management is assembling a new investment team out of Dubai to trade across commodities markets, according to a person familiar with the matter.
New Listing Real Estate Reports on Flexible Payment Plans Reshaping Dubai Property Market
DUBAI, AE / ACCESS Newswire / October 3, 2025 / New Listing Real Estate is redefining accessibility in global real estate investments. Flexible payment plans in Dubai and various financing options in …
Nvidia CEO Jensen Huang frustrated by UAE AI chip delay, claims report — White House said to be pressing nation to finalize U.S. investments before chip deliveries are authorized
Nvidia cannot start shipping its AI chips to the UAE, as the country is reportedly yet to finalize its investments in the U.S.
Nvidia’s UAE Chip Deal in Limbo as White House Awaits Investment
American chip giant Nvidia’s ($NVDA) export deal with the UAE has been stalled for months as the White House awaits investment commitments from …
UAE bank stops SMS OTP, moves to app-based approvals for all transfers; what customers need to know
Emirates NBD is phasing out SMS and email OTPs, transitioning to app-based verification through its ENBD X mobile app starting November 1, 2025. This Central Bank-mandated shift aims to significantly …
Denmark’s Tax Authority Loses Landmark Cum-Ex Case
The Danish Tax Authority, SKAT, faced a legal setback losing a £1.44 billion lawsuit against Sanjay Shah’s hedge fund over cum-ex tax fraud claims. The London court ruled SKAT had inadequate controls …
Emirates, flydubai and Dubai Finance partner to accelerate ‘Dubai Cashless strategy’
Dubai, UAE: Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote ‘Dubai Cashless Strategy’ among …
UAE strengthens leadership as global hub for sustainable finance: Moody’s
Innovation in the UAE now extends to low-carbon steel, low-emission cement, and energy- and water-efficient data centres …
Malayali business tycoon M A Yusuff Ali named most influential expat in the UAE
Proud moment for Kerala! Malayali business tycoon M A Yusuff Ali has been named the most influential expat in the UAE by Finance World. From humble beginnings to global success — a true inspiration.
UAE bank to replace OTP with app verification for online transaction approvals
Emirates NBD stated the change will apply to all types of local and international financial transfers and online transactions …
BlackRock’s Bitcoin ETF overtakes Deribit, proving ‘ETFs are no joke’
BlackRock’s iShares Bitcoin Trust exchange-traded funds (ETFs) (NASDAQ: IBIT) have leapfrogged Deribit, the top crypto-native derivatives exchange, to become the largest venue for Bitcoin options by …
Emirates, flydubai, Dubai Finance partner to accelerate ‘Dubai Cashless strategy’
Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote …
Turkish, UAE central banks ink swap, cooperation deals to deepen financial, economic cooperation
The central banks of Türkiye and the United Arab Emirates signed three agreements including a swap deal on Thursday to deepen financial cooperation and enhance trade and economic ties between the two …
UAE, Turkey central banks sign $4.9-billion currency swap deal
Turkish and UAE central banks sign $4.90 billion currency swap agreement to boost local currency liquidity and cross-border transactions.
Emirates Islamic pioneers fully digital supply chain finance solution ‘Islamic smartSCF’ in the UAE
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a first-of-its-kind fully digital, Shariah-compliant supply chain finance solution named …