In the absence of a well-structured wills or trusts, beneficiaries in the UAE could encounter several challenges …
Emirates Islamic Bank contributes AED 5mln to Mothers’ Endowment campaign
UAE, Dubai – Emirates Islamic Bank has contributed AED 5 million in support of the Mothers’ Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime …
UAE emerges as a key player in the global Crypto investment scene
United Arab Emirates (UAE) has solidified its position as a significant player in the global cryptocurrency investment landscape, with recent reports showcasing substantial gains in the sector.
UAE: Emirati expert says global challenges can be tackled with cultural diplomacy
COP28 UAE unfolded concrete plans and practical solutions aimed at addressing the climate crisis, facilitated by cultural diplomacy …
UAE Central Bank piloting CBDC with UAE Commercial Banks and payment processors
UAE Central Bank is encouraging all UAE Commercial banks and payment processors to participate in pilot integration for CBDC digital dirham All UAE licensed financial institutions will adopt digital …
Middle East’s best for UHNW: Emirates NBD Private Banking
Ultra-high net-worth can be the most challenging client segment to service for private banks. The investable assets these clients provide can come with challenging demands and complicated needs.
Middle East’s best for family-office services: Mashreq Private Banking
Euromoney’s winner in this category, Mashreq Private Banking, has done just that. The bank is the UAE’s oldest privately owned bank, but its family-office offering is relatively new, having been …
UAE condemns terrorist attack on Afghan bank
The UAE condemned the terrorist attack that killed three people and injured 12 others in Afghanistan’s Kandahar city on Thursday. The bombing happened at a busy bank — and all of the victims were …
UAE: Lulu appoints banks for $2 billion IPO in second half of year
Global retail giant LuLu Group International has appointed banks for its initial public offering expected to be in the second half to raise $2 …
Dubai: Parkin shares close 35% higher on trading debut on DFM
It jumped to as high as 39 per cent to Dh2.92 during the day before settling down at Dh2.84, up Dh0.74 a share …
UAE Central Bank upholds base interest rate amidst interest rate variation from US Federal Reserve
The Central Bank of the United Arab Emirates (UAE) has opted to maintain the base rate for overnight deposit facilities at its current level of 5.4 …
Dubai: Parkin shares jump over 30% on trading debut on DFM
The Dubai government-backed company was the first to launch an initial public offering (IPO) in the UAE this year, raising Dh1.6 billion …
Currency manager: Central Bank of the UAE
The UAE’s new polymer banknotes are printed in the UAE by Oumolat Security Printing, using De La Rue’s Safeguard polymer substrate, with the design managed by Crane Currency.
Dubai-listed Amanat Holdings names new CEO
Dubai-listed Amanat Holdings has appointed John Ireland as its new CEO, effectively immediately, according to a disclosure on the Dubai Financial Market (DFM) on Wednesday. Ireland has been serving as …
No surprises as UAE central bank leaves rates at 5.40%
The UAE decision follows the US Federal Reserve’s decision on Wednesday to keep interest rates unchanged amid inflation having not adequately lowered …
New tax in UAE? What you need to know about Global minimum tax
Ministry of Finance launched a digital public consultation to gather the views of relevant stakeholders on the implementation …
Finance Minister, UAE Ambassador discuss bilateral cooperation
United Arab Emirates Ambassador Hamad Obaid Ibrahim Salim Alzaabi called on Finance Minister Muhammad Aurangzeb in Islamabad today. They discussed matters regarding bilateral relations and economic …