Dubai’s real estate market in 2025 presents exciting opportunities. Backed by strong economic policies, investor-friendly regulations and a vision for growth, I believe the country is well-positioned …
Danish court sentences British hedge fund trader to 12 years over massive tax fraud
A Danish court has sentenced a British hedge fund trader to 12 years in prison in connection with what authorities say was a 9 billion kroner ($1.3 billion) tax fraud, Danish justice officials …
British hedge fund manager Sanjay Shah given 12-year jail term in Denmark over £1bn tax fraud
A British hedge funder trader has been sentenced to 12 years in prison in Denmark over a £1bn tax fraud. Sanjay Shah, 54, was behind a trading scheme known as “cum-ex” that was found to have …
Zand revolutionizes UAE banking with institutional-grade digital asset custody
About Zand Zand is the UAE’s first fully licensed, AI-powered digital bank, established to drive the digital economy forward. By leveraging artificial intelligence and blockchain technology, Zand …
EFG Hermes Completes Advisory on Talabat’s USD$2 Billion IPO and LuLu Retail’s USD$ 1.7 Billion IPO
The IPOs of Talabat and LuLu Retail bring EFG Hermes’ total GCC IPO count to nine this year, including three IPOs on the Dubai Financial Market (DFM) and two on the Abu Dhabi Stock Exchange (ADX).
British trader found guilty of £1.4bn fraud
A British hedge fund trader has been sentenced to 12 years in prison in Denmark, after being found guilty of orchestrating a tax fraud that cost the Danish government more than £1bn. It is the …
Legal Actions and Remedies for Intentional Signature Forgery Under UAE Law
Intentional signature forgery, particularly concerning cheques, is a serious offence under UAE law. It challenges the trust in financial …
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre. Banks in China are setting up shop at the Dubai International Financial Centre (DIFC). In November, the Bank of Communications …
UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals
APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters …
Standard Chartered to boost UAE private banking team
Standard Chartered is reportedly planning to bolster its private banking operations in the UAE by increasing its frontline team by 20%. The move forms part of the bank’s wider strategy to cater to its …
After mega IPO, Talabat shares fall in debut trading on DFM
Talabat Holding Plc shares which debuted on the Dubai Financial Market (DFM) on Tuesday opened at AED 1.70, a 6.25% jump from the offer price. After touching a high of AED 1.72, the food delivery …
UAE pharmaceutical market outlook remains promising
The outlook for the pharmaceutical market in the UAE is highly promising, supported by the government’s strong commitment to healthcare, a growing population, and rising healthcare needs, an industry …
Trading crypto in Dubai? What you need to know about the latest court ruling
Experts advise individuals engaging in crypto trading to regularly review updates to VARA and Securities and Commodities Authority regulations to ensure ongoing compliance …
Standard Chartered expands private banking team in the UAE
Standard Chartered plans to expand its frontline private banking team by 20% in the United Arab Emirates, the Asia-focused lender said on Wednesday, as part of a broader strategy to cater to its high …
Standard Chartered expands UAE private banking team to serve growing pool of global ultra-rich
Standard Chartered Plc is beefing up its private banking team in the UAE by 20% with new hires as it jostles with other global banks to serve the growing pool of the super-rich who are moving here …
UAE’s newest stablecoin gets nod from Central Bank
Dubbed ‘AE Coin’, the cryptocurrency is positioning itself as a stablecoin that is fully backed by reserves held within the UAE …
Talabat launches on Dubai Financial Market after $2bn IPO, shares fall 7%
Talabat’s listing maintains Dubai’s stellar IPO pipeline, with the total value of funds raised on DFM in 2024 reaching AED10.48bn ($2.9bn) while the market ranked as the best performing regional …