Ken Moelis’s long courtship of governments in Dubai and Saudi Arabia is paying off as the Middle East enjoys a deal boom. But other Wall Street firms are seeking to cash in.
UAE Secures Fourth Spot Globally in Islamic Finance: CBUAE
The Central Bank of the UAE (CBUAE) has revealed that the United Arab Emirates (UAE) now holds the esteemed position of the world’s fourth-largest Islamic finance market. This significant development …
UAE ranks world’s fourth largest Islamic finance market: CBUAE
The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC), Southeast Asia, and South Asia. The UAE ranks fourth among …
Turkey Shelves Landmark UAE Sukuk Deal As Cheaper Markets Reopen
Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Turkey placed an $8.5 billion sukuk deal with the United Arab Emirates on …
DIFC dives into the future of finance
Anchored around the 2nd edition of Dubai FinTech Summit held under the patronage of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister …
Ministry of Finance announces the issuance of a federal decree-law concerning federal properties
Continuing the development of the legislative environment in the field of inventorying and managing government properties …
UAE is home to world’s most globetrotting entrepreneurs
Some 64% of UAE-based businessment live a global life, with a minimum of two and a maximum of six locations they call home: HSBC report …
Novia Global sets up office in the Dubai International Financial Centre
London and Dubai – International investment platform Novia Global has received a licence from the Dubai Financial Services Authority (DFSA). Following the approval, Novia Global will establish an …
Dubai Islamic Bank & Visa partner to launch ‘SHAMS’ credit card
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
New Payment Method Will Soon be Launched to All Debit Cards in the UAE
Banks and financial institutions across the UAE are gearing up to introduce a new payment card called Jaywan starting in the second quarter of this year. The initiative, slated to be completed within …
Have Dubai property prices reached their peak?
Dubai’s residential property prices are expected to moderate this year, but the market shows no signs of letting up for the foreseeable future, analysts have said. Favourable interest rates and …
Dubai’s popular golden visas helping city defy global office slump
Policymakers wanted to help Dubai shed its reputation of being a transient city by attracting expatriates and encouraging some of them to set up businesses …
Wall Street’s Moelis Bet Big on the Middle East. Now He’s Cashing In
The boutique moved a senior equity capital markets banker to Dubai from Hong Kong in late 2022 to capture a bigger slice of the IPO boom. Advisory specialists from Lazard Ltd. to Jefferies Financial …
DBWC promotes financial skills among members
Dubai Business Women Council (DBWC) recently conducted a dynamic half-day session titled “Start-up: From Inception to Operation” as part of its Finance Accelerator Programme.Led by renowned finance …
UAE firm to install Dh734-million clean energy plant in DR Congo
The UAE-based company SkyPower Global has bagged a contract from the Africa Finance Corporation (AFC) to install a 200-megawatt clean energy plant in DR Congo. Spanned over four phases, the first …
I’ve spent £1.6million trying to free my innocent Brit dad from hellhole Dubai jail – now I fear he will die in prison
THE family of a Brit grandad being held in a hellhole Dubai prison fear he will never be freed – despite being cleared of any wrongdoing. Albert Douglas, 61, has been held since 2021 …
Digital Gravity Unveils ‘Aani’: UAE’s Game-Changer In Instant Payments, Introduced By Central Bank
But here’s the real magic: Aani wasn’t built in isolation. It’s the brainchild of a collaboration between the UAE Central Bank and some of the brightest mobile app developers in Dubai . These tech …