The UAE’s Public Prosecution said on Friday it had uncovered a secret organisation operating overseas, which sought to threaten national security and finance terrorism. Authorities said it was …
UAE’s SCA, Etihad Airways alert investors over fake IPO advertisements
The UAE’s Securities and Commodities Authority (SCA) and Etihad Airways have issued notices alerting the public over fake advertisements inviting people to be shareholders in the Abu Dhabi airline.
UAE Central Bank fines lender $1.6m for breaching anti-money laundering law
The UAE Central Bank has imposed a fine of Dh5.8 million ($1.6 million) on a bank operating in the Emirates for breaching the country’s laws on anti-money laundering and counter-terrorism financing …
Alaan launches region’s first uncapped cashback campaign: 4.5% cashback on business transactions in the UAE
The initiative aligns with the UAE government’s ongoing efforts towards digitising and modernising financial transactions …
UAE Central Bank imposes AED5.8mn fine on bank for AML violations
The Central Bank of the UAE (CBUAE) has imposed a financial sanction on a bank operating in the Emirates. The action comes after an examination revealed deficiencies in the bank’s anti-money …
Abu Dhabi-backed chipmaker Cerebras files for US IPO
Abu Dhabi backed chipmaker Cerebras Systems has confirmed it has “confidentially” filed for an initial public offering (IPO) in the US as it readies to challenge the market domination of Nvidia.
Cheaper loans for UAE consumers likely soon
Consumers in the UAE can look forward to significant relief as lending rates are likely to fall soon, experts said. The scenario emerged as the US Federal Reserve held its key benchmark rate on …
UAE: Etihad warns of fake ads offering IPO shares on social media
UAE’s national carrier, Etihad Airways, has made by “several social media posts falsely suggesting that the airline is undertaking a public share listing on the Dubai Financial Market … a potential …
British expat shares tips and tricks of investment in Dubai
Jessica Rooney, 32, is a certified financial planner at Dubai-based wealth managers Hoxton Capital Management. Delving into her own world of finance, we sp..
ViaDerma Finalizes Distribution Agreements in Dubai and Announces Six New Key Hires
ViaDerma, Inc. (OTC Pink: VDRM), a leader in innovative wound care solutions, proudly announces the successful completion of pivotal distribution agreements across the Middle East and Eastern Europe.
UAE Central Bank holds benchmark interest rate steady at 5.40%
CBUAE’s move follows the US Federal Reserve’s announcement to maintain the Interest Rate on Reserve Balances (IORB) …
CBUAE, Dubai Courts sign MoU to link electronic services
ABU DHABI, 1st August, 2024 (WAM) — The Central Bank of the UAE (CBUAE) and the Dubai Courts have signed a Memorandum of Understanding (MoU) aimed at linking electronic services related to the …
Gulf Marine Services PLC announces a landmark new bank deal and establishment of a dividend policy
Reached an agreement with First Abu Dhabi Bank, Commercial Bank of Dubai and HSBC Bank to refinance its current bank debt …
UAE Central Bank follows US Fed move, holds rates at 5.4%
The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at …
UAE corporate tax: Don’t wait until last minute to file returns, companies urged
With the simple process laid down for corporate tax compliance, companies are urged to , industry experts said on Wednesday. While speaking during a conference organised by , they stressed that firms …
Pakistan Likely to Get $12 Billion Loan Rollover From China, KSA, UAE Soon
Pakistan is likely to get $12 billion in debt rolled over from China, Saudi Arabia and UAE soon, Finance Ministry sources told ProPakistani. Sources said …
Regional outlook: capital markets remain strong in Dubai
As global IPO markets begin to recover, privatisation initiatives and other enhancements mean MENA retains is position as a leading capital destination.