Dubai is set to unite the global AI ecosystem and advance its future-readiness during a bold exploration of how artificial intelligence is reshaping our world at Dubai AI Week, taking place April 21 …
UAE denies reports it is involved in talks about land offensive in Yemen
The United Arab Emirates on Wednesday denied media reports that it is involved in talks with the U.S. over a possible land offensive by military factions in Yemen against the Houthi group that …
Emirates NBD Becomes the First Bank in the UAE to Launch Visa+ Simplifying International Money Transfers
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has partnered with Visa, a global leader in digital payments, to become the first bank in the UAE to …
No more Emirates ID cards? UAE to launch digital ID system using facial recognition
UAE will develop electronic Emirates ID and biometric fingerprints designed to enhance user experience and streamline services across various sectors …
Emirates NBD becomes first bank in UAE to go live witth Visa+
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has partnered with Visa, a global leader in digital payments, to become the first bank in the UAE to …
Lazard Marks Strategic Expansion Into the UAE, Reinforcing Its Financial Advisory Base in MENA
As a key part of this expansion, Lazard has appointed Hussain Altajir as CEO of Lazard Financial Advisory in UAE. With over 20 years of experience and a deep understanding of the region, Mr. Altajir …
Billionaire Platt’s BlueCrest Gets Approval to Trade From Dubai
Billionaire Michael Platt’s private investment firm has received full regulatory authorization in Dubai, which has emerged as a magnet for money managers in recent years.
Dubai listed companies buck wider declining GCC trend
Net profits for listed companies in the emirate increased by 16.0 per cent year on year to $25.4 billion in FY-2024 against $21.9 billion in FY-2023.
Dubai Holding-backed retailer Azadea puts IPO on hold
Azadea Group, which is backed by an investment company owned by Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum, has put its initial public offering on the back burner, it has been reported. Dubai …
UAE: Dubizzle Group acquires real estate platform Property Monitor sparking 2025 IPO buzz
Dubizzle Group announced the acquisition of Property Monitor, a leading real estate market intelligence platform in the UAE, on Tuesday. The announcement comes as the UAE’s largest online classifieds …
Trafigura secures $235m financing to ship tanker and bulker cargoes from UAE
Trader and shipowner Trafigura has secured a new funding package to help it buy and export commodities from the United Arab Emirates (UAE). The $235m financing has been provided by the Abu Dhabi …
Standard Chartered, OKX roll out crypto collateral pilot in Dubai
It’s the first such initiative to bring together a major global bank, a regulated crypto platform and a traditional asset manager to support secure crypto trading for institutions …
Beat capital gains tax via 183 days UAE stay? Nilesh Shah flags loophole
Kotak AMC MD Nilesh Shah recently flagged a tax loophole that allows Indian citizens to legally avoid paying capital gains tax by temporarily shifting their tax residency to the UAE …
Maktoum bin Mohammed: Dubai FinTech Summit reflects Mohammed bin Rashid’s vision of establishing Dubai as global financial powerhouse
The Dubai International Financial Centre (DIFC) is set to host the third edition of the Dubai FinTech Summit on 12 and 13 May 2025, at the Madinat Jumeirah, Dubai, under the theme ‘FinTech for All’.
Dubai real estate hits AED160 billion in sales in first 100 days of 2025
The analysis, based on Dubai Land Department figures from 1 January to 10 April 2025, shows a total of 50,853 sales transactions during this period …
Hedge Fund Sculptor Joins Rush of Financial Firms in Abu Dhabi
Sculptor Capital Management received regulatory approval to operate in Abu Dhabi, joining a wave of financial firms that have recently set up in the oil-rich emirate.
Movado will restate certain financial statements due to misconduct at the Dubai branch of a subsidiary
Movado Group (NYSE:MOV) disclosed on Friday that it became aware of allegations of misconduct within its Dubai branch of subsidiary, MGI Luxury Group Sárl that resulted in overstatement of sales, …