Dubai’s proposed “Mortgage Law” intends to create greater depth in the property marketplace, in particular by making it easier for specialised funds to come in and take up exposures.
Dubai, a magnet for hedge funds, could be a gateway to the Middle East …
Low taxes, supportive regulatory frameworks, technological innovation and a quality talent pool have made Dubai an attractive home for a growing number of hedge funds, according to two Dubai …
Mastercard and First Abu Dhabi Bank hit major milestone – five credit cards launched in six months
In a big step forward for the cards market, Mastercard and First Abu Dhabi Bank (FAB) have launched five new credit cards in just six months, redefining what collaborations can achieve when built on …
The ‘capital of capital’: Abu Dhabi’s pitch to become a global financial centre
The oil-rich emirate styles itself as the “capital of capital”: it has $1.7tn of sovereign wealth holdings and it wants to use them to grow a financial sector to rival Dubai’s busy banking hub, while …
Dubai: Record mortgage transaction volume reached with over 4,000 loans taken in July
Mortgage transaction volumes surged in Dubai to a new record with a total of 4,891 loans in July, a 9.2 per cent increase month-on-month, as property buyers take advantage of lower interest rates, …
85 per cent of UAE investors bet on local stocks as global trade tensions rise: eToro
Survey of 1,000 UAE retail investors finds strong confidence in local equities, with real estate and technology leading sector preferences …
💰 UAE Central Bank fines Malik Exchange Dh2 million and cancels its licence
The UAE Central Bank has announced strict action against Malik Exchange after it was found guilty of serious violations of the country’s financial laws. The exchange house has been fined Dh2 million …
UAE Ministry of Finance Receives Best Industry Enabler Award for Empowering Local Suppliers and Transforming Procurement
The UAE’s Ministry of Finance (MoF) has reaffirmed its commitment to supporting the National In-Country Value (ICV) Programme, one of the UAE’s flagship initiatives aimed at enhancing local content …
UAE Funds Transfer System Records AED9.5 Trillion in 2025
Dubai The UAE Funds Transfer System saw a substantial surge in the value of transactions during the first five months of 2025, reaching a remarkable AED9.528 trillion. This reflects the continued …
Banking sector financial transfers exceed AED9.5 trillion in 5 months
The value of transfers executed in the country’s banking sector through the UAE Funds Transfer System (UAEFTS) reached AED9.528 trillion during the first five months of this year.According to Banking …
Q&A: Latham & Watkins’ Saudi Arabia Chair on Challenges and Opportunities
Latham & Watkins’ partner Salman Al-Sudairi shares insights on navigating Saudi Arabia’s growing legal market.
UAE, Saudi SWFs, mutual funds power GCC AuM to $2.2 trillion
The GCC’s asset management industry has entered a new phase of expansion, reaching $2.2 trillion in assets under management (AuM) in 2024 — a 9 per cent increase from the previous year — according to …
85% of UAE retail investors back local stock markets: eToro survey
A whopping 85 per cent of UAE-based retail investors are currently invested in local stocks, and many are buying even more in response to global trade …
Banking sector financial transfers exceed Dhs9.5 trillion in 5 months
The value of transfers executed in the country’s banking sector through the UAE Funds Transfer System (UAEFTS) reached Dhs9.528 trillion during the first …
UAE: Banking sector financial transfers cross $2.59trln in 5 months
The value of transfers executed in the country’s banking sector through the UAE Funds Transfer System (UAEFTS) reached AED9.528 trillion during the first five months of this year.
UAE retail investors increasingly focused on homegrown markets
An overwhelming 85 per cent of UAE-based retail investors are currently invested in local stocks, and many are buying even more in response to global trade tensions, a study showed. According to the …
du Pay launches ‘Salary in the Digital Wallet’ feature to boost financial inclusion in UAE
The new feature is aimed at addressing a gap for a large segment of the UAE’s workforce earning less than AED 5,000 per month, many of whom have limited or no access to traditional banking services.