The Dubai real estate sector recorded AED43.49bn ($11.8bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED23.77bn ($6.5bn), …
UAE gives MBank’s AE Coin green light for government fee payments
The UAE federal government has recognized the regulated AED stablecoin, AE Coin, powered by MBank (Al Maryah Community Bank), for government-fee payments. UAE businesses and individuals will be able …
Dubai’s Economy Records AED355 Billion GDP in 2025, Posting 4.7% Growth
Dubai’s economy continued its upward trajectory in 2025, delivering strong growth that underscores its resilience and sustained momentum. The emirate recorded a Gross Domestic Product (GDP) of approxi …
Mortgage-backed securities are back with a vengeance in Dubai
Riddle me this: What is the highest rated credit in Dubai, the former boomtown emirate now weighed down by more than $100bn of debts? Oddly enough, the answer is an exotic, fiendishly complicated …
Finance Ministry sukuk and bonds auction achieves 4.7 times oversubscription in first issuance of year amid strong investor confidence
The United Arab Emirates Ministry of Finance has successfully completed its first treasury auctions of 2026, raising 1.1 billion dirhams through Islamic sukuk …
National Bank of Fujairah concludes CASA campaign, celebrates Business Banking clients’ growth
As part of the campaign’s conclusion, NBF today hosted a prize handover ceremony, celebrating the achievements of the winning participants …
Magellan Capital Launches $975m Multi-Strategy Hedge Fund in Dubai
Magellan Capital, a Dubai-based diversified investment manager focusing on highu0002quality and deep-value businesses across the capital spectrum, today announced the launch of the Magellan Absolute …
Dubai announces $27.2bn expansion of Dubai International Financial Centre
The expansion will enable DIFC to host over 42,000 companies and support a workforce of more than 125,000 people.
UAE pilots biometric payments using facial and palm recognition
UAE pilots biometric payments using facial and palm recognition, signalling a shift toward card-free, secure digital transactions …
Ministry of Finance hosts 2nd dialogue with senior executives of UAE businesses operating in GCC countries
Dubai: The Ministry of Finance (MoF) has organised the second high-level dialogue with senior executives from UAE companies operating in the Gulf Cooperation Council (GCC) countries, under the title …
UAE Approves Nation’s First Dollar-Pegged Stablecoin USDU
UAE approves its first USD-backed stablecoin, USDU, under central bank regulation, boosting secure and transparent digital finance.
Dubai Financial Market delivers a strong 2025 performance, recording 158% growth in net profit before tax to AED 1.06bln
Dubai, UAE – Dubai Financial Market (DFM) today announced its consolidated financial results for the fiscal year ended 31 December 2025, reporting a net profit before tax of AED 1.06 billion. The …
Universal launches UAE’s first Central Bank-registered USD stablecoin
USDU becomes the first USD-backed stablecoin registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (“PTSR”).
UAE ranks 9th in Global AI for Finance Competitiveness Index
Hong Kong: The UAE has been ranked 9th in the Global AI for Finance Competitiveness Index (GAICI), which was released today by Deep Knowledge Group with the Hong Kong Financial Services Development …
Bybit Launches AED Bank Deposits in the UAE with 750,000 AED Reward Pool
Abu Dhabi, United Arab Emirates, January 28th, 2026, ChainwireBybit, the world’s second-largest cryptocurrency …
No more bank card? UAE announces futuristic plans to pay with your face
Soon, you could make payments seamlessly with biometric facial scanning technology in Dubai and the other emirates.
Emirates NBD Capital becomes first Middle Eastern investment bank to secure merchant banking licence in India
Regulatory approval from the Indian market regulator enables the firm to offer a full suite of equity and debt capital market services, including IPOs and bond placements …