A busy pipeline looms in Saudi Arabia and the United Arab Emirates over the coming weeks and months as issuers seek to capitalise on the momentum in the Middle East after a stellar 2022, which saw a …
Dubai announces $8.7 trillion economic plan to boost trade, investment and global hub status
The sheer size of the city’s economic goals may draw some skepticism, but finance experts in Dubai believe they are achievable. “It’s ambitious, but there’s no reason to doubt those targets given …
Dubai announces plan to ‘double’ economy in next decade
Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed “D33”, with targets totalling 32 trillion dirhams ($8.7 trillion). The plan would “double the size of Dubai’s economy in the …
Dubai property market records transactions to the tune of AED1.7 billion on Tuesday
Tuesday’s property deals included 500 sales transactions worth AED1.42 billion, 68 mortgage deals of AED219.2 million and 16 gift deals amounting to AED140.24 million Dubai property market records …
Dubai’s $8.7trln financial plan will double economy, make the city one of the global top 3
In a series of tweets, Sheikh Mohammed announced that the emirate’s foreign trade will reach $6.89 trillion dirhams …
Top Ten Business Figures in the UAE
UAE is home to some of the best business leaders in the Middle East. With UAE’s diversity of cultures and abundance of economic opportunities, many people have found it a place to thrive in their …
Arif Naqvi hit with $135mn fine, Dubai financial watchdog’s biggest ever
Arif Naqvi was fined last January, the Financial Markets Tribunal issued a decision which upheld the DFSA’s findings Arif Naqvi hit with $135mn fine, Dubai financial watchdog’s biggest ever Abraaj …
National Bank of Fujairah introduces CVVkey to tackle online card fraud
In a nationwide first, National Bank of Fujairah (NBF) has today announced the introduction of CVVkey™, a proven solution to online card fraud that can be used across all credit and debit cards issued …
UAE Business Activity Stumbles With Slower Output, Jobs Growth
(Bloomberg) — Business conditions in the United Arab Emirates ended last year with the weakest improvement in 11 months as waning demand prompted slower increases in output, new orders and employment …
British hedge fund boss accused of £1.7BILLION fraud in Denmark will be extradited to face charges after Dubai’s Court of Appeal overturned its original decision
A Dubai court has authorised the extradition of a British man who is wanted over an alleged 1.7 billion euro tax fraud in Denmark. Hedge fund trader Sanjay Shah was arrested in Dubai in June …
UAE, Saudi stock markets open 2023 account in green
Abu Dhabi’s main stock index advanced 0.41 percent, while Saudi Stock Exchange’s main index ended trading higher on Monday, gaining 31.67 points UAE, Saudi stock markets open 2023 account in green Abu …
Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme.
Mohammed announces top priorities for UAE in first Cabinet meeting of 2023
We reviewed the outcomes of 2022, where the Cabinet has approved and developed more than 900 decisions, 22 government policies, 68 federal laws, 113 national regulations and 71 international …
Dubai Suspends Alcohol Tax as Regional Competition Heats Up
Lower-cost liquor could help the emirate keep its edge over neighbors like Saudi Arabia and Qatar as the Middle East’s hub for leisure and business.
Mohammed chairs Cabinet meeting, sets priorities for UAE in 2023
We reviewed the outcomes of 2022, where the Cabinet has approved and developed more than 900 decisions, 22 government policies, 68 federal laws, 113 national regulations and 71 international …
Wio Bank partners with FAB to facilitate cash and cheque deposits
Wio Bank, the region’s first platform bank, is partnering with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest..
Dubai’s DFSA welcomes ex-PayPal, ex-Visa Rupert Keeley to board of directors
“We are delighted that Rupert Keeley has joined the DFSA Board. He brings a wealth of global expertise and knowledge in the banking and payments sector, which will be incredibly valuable to the DFSA …