Israeli-Moldovan citizen Zvi Kogan, 28, went missing from Dubai on Thursday afternoon, prompting an investigation by Israel’s Mossad spy agency after suspicions were raised that he was abducted in an …
Delivery Hero aims to raise $1.5bln in Talabat’s Dubai IPO, sets price range
German food delivery service Delivery Hero said the initial public offering (IPO) of its Middle East business Talabat is expected to raise around 1.42 billion euros ( $1.4 billion to $1.5 billion) in …
UAE Government launches KYC platfor for enhanced financial data
The UAE government has launched the “Know Your Customer” (KYC) digital platform to provide accurate, comprehensive, and confidential data for financial transactions. This platform is a key component …
‘Climate Finance’ COP29 Upended By Cheap Oil And ‘Gift Of God’ Remarks
Political shenanigans, unrealistically lofty ambitions on financing and economies digging heels on fossil fuels have largely upended possibility of consensus at COP29.
UAE’s $30 Billion Energy-Transition Fund Struggles to Spend Cash
A landmark fund launched by the United Arab Emirates a year ago has managed to spend just a small fraction of its cash, as it struggles to find deals suited to its mandate of investing in the energy …
UAE launches digital KYC platform to boost financial transparency
The UAE government has unveiled a “Know Your Customer” digital platform aimed at boosting banking sector and enhancing financial transparency, streamlining identity verification, and combating …
UAE Central Bank suspends money exchange business of Al Razouki Exchange, closes two branches
The administrative sanctions imposed are the result of the findings of a special examination conducted by the CBUAE …
U.S. looks into JPMorgan’s ties to Iranian-linked hedge fund – report
The U.S. Treasury Department is investigating JPMorgan Chase’s (NYSE:JPM) relationship with a hedge fund that”s suspected to be part of a network controlled by Hossein Shamkhani, an Iranian oil …
US probes JPMorgan’s links with Iranian oil trader’s hedge fund, Bloomberg News reports
The U.S. Treasury Department is looking into JPMorgan Chase’s relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein Shamkhani’s network, Bloomberg News reported on …
US Probes JPMorgan’s Ties to Iranian Oil Kingpin’s Hedge Fund
The US Treasury Department is examining JPMorgan Chase & Co.’s relationship with a hedge fund that’s said to be part of a network … The entity was recently suspended by Dubai’s financial free zone.
UAE: Ministry of Finance launches financial sustainability standards guide for federal government
The Ministry of Finance (MoF) has launched the “Financial Sustainability Standards Guide in the Federal Government” during a meeting held at the Sustainability and Innovation Centre in Dubai. The …
Cop 29 live: UAE steps in amid Saudi blocking of commitment to transition away from fossil fuels
The new text on the all-important finance target “calls for” $1.3tn by 2035 – that’s what developing countries asked for – but what kind of finance remains important – grants, loans, private? It …
UAE suspends exchange house, shuts 2 branches
The Central Bank of the UAE has suspended the business of Al Razouki Exchange, an Exchange House operating in the UAE for a period of three years and has closed two of its branches in Dubai.
UAE: Central Bank suspends Al Razouki Exchange, closes down 2 of its branches
The Central Bank of the UAE (CBUAE) has suspended the business of Al Razouki Exchange for three years due to violations of anti-money laundering law, it was announced on Friday. Two of the company’s …
UAE Central Bank suspends money exchange business of Al Razouki Exchange, closes two of branches
ABU DHABI – The Central Bank of the UAE (CBUAE) has suspended the business of Al Razouki Exchange, an Exchange House operating in the UAE for a period of three years and has closed two of its Branches …
Dubai-based family offices manage over $1 trillion in assets: report
Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report stated on Wednesday. The development comes on the back of an influx of high-net …
UAE’s $30 Billion Alterra Fund Is Far Off Spending Bulk of Cash
A landmark fund launched by the United Arab Emirates a year ago has managed to spend just a small fraction of its cash, as it tries to find deals suited to its mandate of investing in the energy …