The lender’s shareholders approved a dividend payout of Kshs. 16 billion (approximately Shs 444.9 billion) for the year ending December 2024 Nairobi, Kenya | THE INDEPENDENT | Equity Group Holdings …
Contracting activities in Dubai: New law issued
The law applies to all contractors operating in Dubai, including those within special development zones and free zones …
Dubai’s secret: Why it leads the region beyond oil and real estate
Discover how Dubai’s diversification into non-oil sectors has established it as a leading global business hub, with innovative policies, unmatched infrastructure, and a vibrant talent pool driving its …
Dubai Taxi IPO price range values company at up to $1.25 bln; strong …
Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with investors expecting healthy …
UAE: India’s HDFC Bank officials summoned after alleged sale of risky bonds to some clients
Less than two weeks after Khaleej Times uncovered how India’s HDFC Bank allegedly sold high-risk Credit Suisse bonds to ineligible overseas investors, including some in the UAE, Indian authorities …
‘Come meet us in Dubai’: the new offshoring of grand corruption
During an interview one of us (Ricardo Soares de Oliveira) carried out in 2017, an African high net-worth individual said he was told by an executive whose business had long served him out of London: …
Who Is Fatima Al Awadhi, the 17-year-old UAE teen on a mission to conquer world’s tallest peaks?
At just 17, Fatima Al Awadhi became the youngest Emirati to summit Mount Elbrus, Europe’s highest peak. Her climb is part of the Seven Summits challenge, scaling the tallest mountains on each …
UAE’s banking evolution accelerates with Signzy solutions
At Signzy, a global RegTech company, we work with banks and financial institutions across the world every day. With over 1400+ clients globally and 340+ financial institutions using our platform, …
Bought Dubai home? Non-disclosure may cost you 120% in tax, PMLA action
If you have invested in Dubai or other overseas properties, make sure your purchase was routed through authorized channels, declared in your income tax filings, and compliant with FEMA regulations.
Indians travelling to UAE will now be able to pay with UPI at more places
NIPL is working with UAE regulators, acquirers, and partners to enable UPI in sectors such as retail, hospitality, entertainment, transport, and essential services.
UAE central bank fines bank AED3 mn for AML violations
The sanctions result from the CBUAE’s examinations, which revealed the bank’s failure to comply with the central bank instructions …
Hedge funds setting up in Dubai to access talent pool, investment …
Global hedge fund managers are turning their attention to the Middle East, with high-profile firms choosing to establish a presence in Dubai amid a strong talent pool and access to a growing asset …
GFH signs partnership agreement with Dubai Cares to support education of children in the UAE
As part of its ongoing commitment to creating a positive impact in the communities where it operates, GFH Financial Group (GFH) today signed a partnership agreement with Dubai Cares, part of Mohammed …
Wealth beyond borders: Why the UAE is a leading gateway to global investment for UHNWIs
The UAE has cemented its reputation as a magnet for ultra-high-net-worth individuals (UHNWIs). Driven by a blend of financial opportunity, regulatory clarity, and unmatched global connectivity, the …
UAE, Chad discuss ways to strengthen cooperation in financial sector
The two sides explored ways to enhance institutional partnerships and activate financial cooperation mechanisms …
UAE: Bank fined Dh3 million for violating anti-money laundering law
The authority said that it works to ensure that all banks and their staff abide by local laws and regulations to safeguard the transparency of the banking sector and the UAE financial system.
Finfluencers all set to take Dubai flight – it’s not the lifetime visa, but tightening regulations
“Several traders and finfluencers have been steadily relocating to Dubai for the past few years,” said Rochit Singh, a finance educator with over 250,000 followers. The lure? A cleaner runway to build …