Dubai – Nasdaq Dubai today celebrated the listing of USD 2 billion bonds issued by the Ministry of Finance of the People’s Republic of China. This marks a milestone as the first time China has listed …
How Dubai is building a digital economy
Dubai is rapidly transforming into a global tech hub, prioritizing AI, fintech, and the digital economy over its reliance on oil. The Dubai International Finance Centre (DIFC) fosters startups, …
Ministry of Finance advances government finance statistics in the UAE
Abu Dhabi: The Ministry of Finance (MoF), in collaboration with the Technical Team of the Government Financial Policy Coordination Council, has conducted a series of field visits to financial …
UAE residents who lost ‘everything’ to massive fraud can still recover their investments, says whistleblower
Investors, regardless of whether they handed over money in India or the Middle East, are urged to file claims against Heera Group …
Dubai: $1 million fine, company penalised for financial crimes among actions taken by DFSA this year
The authority conducts a thorough investigation into the complaints it receives and follows a proper process that could take several months …
Rising Dubai population boosts emirate’s stock market
The stellar rise in Dubai’s popular has proved to be a boon for the emirate’s stock market, data shows. Dubai Financial Market’s (DFM) General Index recorded double-digit gains of 10.9 per cent, the …
Dubai regulator imposes $2.5mn in fines in financial services crackdown
Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year as part of a crackdown on misconduct in the emirate’s financial services sector, including cases of …
Dubai regulator imposes $2.5mn in fines in financial services crackdown
Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year as part of a crackdown on misconduct in the emirate’s financial services sector, including cases of …
Mohammed Bin Rashid Innovation Fund announces MoU with Wio Bank
Dubai, UAE – The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support innovation in the UAE, has signed a Memorandum of Understanding (MoU) with …
Singapore’s First APAC Fund to invest up to AED 5bln in Dubai’s AMIS Development
The partnership reflects the Fund’s confidence in Dubai’s real estate market and AMIS Development’s reputation for high-value luxury developments …
UAE: GPSSA announces over $218.80mln in pension payments for November 2024
The expenses incurred include civilians subject to the laws that the GPSSA is responsible for implementing and eligible members whose files are managed by the GPSSA …
UAE calls on taxpayers to register this week to avoid fines
The UAE has called on certain taxpayers to submit applications before the end of this week in order to avoid paying fines.
UAE’s Mubadala agrees to take CI Financial private in $8.7B deal
CI Financial (OTCPK:CIXXF) entered an agreement to be acquired by an affiliate of Mubadala Capital in deal that implies an enterprise value of ~C$12.1B (US $8.67B), the company said on Monday.
UAE bank lending rises but profits hit by impairment charges
Net income down 5.5% in Q3 Big increase in impairment charges Retail lending drives activity The aggregate net income of UAE banks dropped 5.5 percent in the third quarter of this year, as …
UAE approves record 2025 budget with balanced $19.5bn revenues and expenditure
The UAE has approved a balanced budget for the next financial year with revenues and expenditure of AED71.5bn ($19.5bn).
Digital Dubai hosts Dubai Data and Statistics Partners Forum
Recognising the vital role of partnership and ongoing collaboration in harnessing data’s full potential in the digital age, Digital Dubai hosted today the Dubai Data and Statistics Partners Forum unde …
Alvarez & Marsal reports slower loan growth and increased deposits for UAE banks in Q3 2024
Overall cost efficiency deteriorated as banks increase spending on digitalization initiatives.