The defendants were able to withdraw a whopping $953 million after allegedly pressuring FTX employees to speed up their requests and while regular customers faced delays.
Dubai Taxi IPO: 25% stake to list on Dubai Financial Market
Based on a statement by Dubai Taxi Company, 624,750,000 shares each with a nominal value of Dhs0.04 will be made available in the offering …
Explainer: How corporate tax is reshaping the UAE economy and the SME sector
This year has been a pivotal year for the UAE, as the country ushers in a new era with the introduction of corporate tax …
EY ESG MENA Bank Tracker: Nearly three-quarters of top MENA banks have introduced ESG strategies
Inaugural EY ESG MENA Bank Tracker shows nearly 75% of MENA banks analyzed have introduced ESG strategies into their operations …
Dubai FinTech Summit set to bring together over 8,000 global leaders to drive future of finance
As a rising FinTech hub, Dubai is also spearheading the evolution of the financial services industry, with investments in FinTech projected to grow by 17.2% CAGR to $949bln from 2022 to 2030 …
How UAE residents can take part in COP28 this year
In the next couple of weeks, the UAE will host over 70,000 delegates, including heads of state, civic and world leaders, environmental experts and advocates, for COP28 or the 28th meeting of the …
Dubai Taxi Company: Sheikh Mohammed issues law; IPO on the cards
Sheikh Hamdan issued Executive Council Resolution No (92) of 2023 forming the Board of Directors of Dubai Taxi Company …
Dubai Taxi to launch IPO as Sheikh Mohammed issues new law
Dubai Taxi will sell shares through an initial public offering (IPO) after it was converted into a public joint stock company by the Government of …
UAE’s COP28 President applauds India’s renewable leadership at G20 Forum
From G20 to COP28 . Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-designate, praised India’s commitment to a sustainable energy t …
Dubai Taxi launches initial public offering
Dubai Taxi will sell shares through an initial public offering (IPO) after it was converted into a public joint stock company by the Government of Dubai on Sunday. In his capacity as the Ruler of …
UAE: Central Bank participates in the “Tawdheef” exhibition
The Central Bank of the United Arab Emirates is participating in the activities of the 27th session of the “Tawdheef” exhibition, which begins tomorrow at the Abu Dhabi National Exhibition Centre …
New Nomo Bank property finance offer for existing and new customers
He added, “This special offer is includes current and new Nomo Bank customers from Kuwait and the UAE. Our property finance offering is in line with their investment aspirations and helps to realise …
UAE plans to maintain ties with Israel despite Gaza outcry: Report
UAE maintains diplomatic ties with Israel despite outcry over Gaza war, seeks to moderate Israeli campaign while safeguarding its own interests. UAE President Sheikh Mohamed spoke with Israeli PM …
UAE: Remit money and get discounts on air tickets, extra luggage charges
State Bank of Pakistan has introduced several initiatives to encourage overseas Pakistanis to remit money through legal channels …
Exclusive: ICBC injects capital into U.S. unit, seeks cyber review -sources
Industrial and Commercial Bank of China injected capital into its U.S. unit to pay BNY Mellon $9 billion for unsettled trades and hired a cybersecurity firm to help it return online after a ransomware …
Area mayor gets council OK to travel to Dubai for climate summit
I’m left feeling ambushed. It’s quite dismaying when we learn at the same time as the public and we don’t have any answers,’ laments councillor …
Adnoc Distribution’s earnings up 28% in Q3, strongest since IPO
Adnoc Distribution on Friday announced robust Q3 2023 results, reporting a 28% year-on-year (Y-o-Y) increase in EBITDA to $303 million (Dhs1.1 billion) …