Last month, the Ministry of Human Resources and Emiratisation announced the highest private sector localisation rate in the country’s history …
Dubai International Financial Centre reaffirms position as global hub for finance, innovation, and talent attraction with strong H1 2023 results
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023. DIFC …
Bounced cheque could land former Apprentice star Selina Waterman-Smith in a Dubai jail
She is now stuck without a passport, bank account and medical insurance … “And it just shows to me that when a man wants to abuse a woman he can do it.” The story began in Dubai 2018 when a working …
Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations
Fintech booms in Dubai during the first half of 2023 as DIFC witnesses a 35% surge in innovative companies Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations …
Now access Ministry of Finance services using UAE Pass
Image Credit: Supplied Abu Dhabi: The UAE Ministry of Finance on Wednesday announced the implementation of UAE Pass digital identity for all its services. This move aims to boost digitalization …
Ministry of Finance enables ‘UAE Pass’ for all services
ABU DHABI – The UAE Ministry of Finance on Wednesday announced the enablement of the UAE Pass digital identity for all its services across systems, in line with the UAE’s efforts to enhance the …
California residential project launched in Dubai
Samana Developers, one of the fastest growing real estate companies in Dubai, has launched a Dhs215 million California residential project. This is the first project in Al Furjan neighbourhood, which …
Dubai strengthens its position as global finance and innovation hub
The Dubai International Financial Centre (DIFC) witnessed exceptional growth in the first half of 2023, with 661 new entities registering during the period in the centre, an impressive double-digit …
Dubai Bank Fined AED 11M for Inadequate Anti-Money Laundering Systems
The Dubai Financial Services Authority (DFSA) on Tuesday for having inadequate anti-money laundering (AML) systems and controls between June 2018 and October 2021. Read More: Two UAE Banks Amongst …
UAE GDP expands 3.8% in Q1 with most sectors achieving growth
The UAE economy grew 3.8 per cent at constant prices in the first quarter with most of the sectors making significant contributions to the country’s growth..
DIFC’s H1 2023 performance strengthens Dubai’s position as global finance and innovation hub
DIFC is home to 632 financially regulated firms. During the first half of 2023, this number surpassed 600 for the first time. The strong inflow of top firms underscores Dubai’s attractiveness as a …
Dubai DFSA slaps $3mln fine on bank for inadequate AML systems
The Dubai Financial Services Authority (DFSA) has slapped a fine of $3.02 million on Mirabaud (Middle East) Limited, for having inadequate anti-money laundering (AML) systems and controls.
Dubai: Bank fined Dh11.1 million for inadequate anti-money laundering systems
The Dubai Financial Services Authority (DFSA) on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank Mirabaud (Middle East) Limited for having inadequate anti-money laundering …
Uae Raises Interest Rate By 25 Basis Points
The Central Bank of the United Arab Emirates (UAE) decided on Wednesday to raise the base interest rate by 25 basis points to 5.40 percent, effectiv …
Binance counters regulatory woes by securing MVP License in Dubai
“We are honored to be the first exchange to be granted an operational Minimum Viable Product License by VARA — a result of over a year of due diligence, collaboration, and consistent demonstration of …
AIM Summit is the Leading Conference on Alternative Investments
With profitability out of the way as a measure of success, AIM Summit measures instead the caliber of the attendees who have joined, with quality valued over quantity. A bigger conference doesn’t …
Citigroup Sees Strong Middle East IPO Pipeline Running Into 2024
Bankers in the Middle East aren’t getting much of a summer break this year, with a number of initial public offerings slated for the fourth quarter and a strong pipeline already building for 2024, …