Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum has established a new law to set up a company to oversee the development, management and investments in public and private parking spaces in the …
Investing in transition finance set to be a big factor in 2024
“If you’re investing in a firm that’s claiming to transition, it’s got to have a really robust plan,” agreed Kate Levick, who leads E3G’s sustainable finance activities. “Regulatory expectations are …
Dubai’s largest penthouse, with mini golf, cinema, 10 parking lots, goes on sale for Dh600 million
Super Penthouse R1 in Raffles The Palm Dubai spans over a total built-up area of 77,707 sq ft and comprises the top three levels …
UAE regulator publishes terrorist red flag quidance that includes virtual assets
The regulatory authority of Abu Dhabi Global Market, the FSRA ( Financial Services Regulatory Authority), Financial Crime Unit, has published an update on terrorist and proliferation financing red …
Emirates NBD Business Banking launches mega ‘Foreign Exchange and Trade’ customer promotion
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has announced the launch of its mega Foreign Exchange …
OneDegree gains funding from Dubai Insurance for digital asset protection
Asia-based licensed insurer for digital assets OneDegree has partnered with Dubai Insurance to offer digital asset insurance in the UAE.
Next gen banking: Meeting the needs of a new generation
While embracing digital technology is a step in the right direction, it alone won’t ensure growth in the banking sector …
Islamic Finance industry seems promising in 2024: Zubair Mughal
The issuance of Sukuk, Shariah-compliant financial instruments, has seen remarkable prominence. Mr. Mughal predicts that Sukuk investments will reach US$160-180 billion by 2025, driven by impactful …
UAE, Saudi Arabia officially join BRICS: All you need to know
The UAE, Saudi Arabia, and Egypt, along with six other nations, received invitations to join BRICS, last year. As of January 1, 2024, the UAE and Saudi have officially joined the economic group but …
UAE’s Mubadala, ADIA and ADQ’s combined investments reached $36.5bln in 2023
In January 2023, the UAE SWF completed the sale of 55% of Mubadala Health to G42 for $2.4 billion.
Dubai financial frenzy: Surge as investor accounts hit new record
A major uptick in investor accounts have been recorded on the Dubai Financial Market (DFM), helped by interest in the Dubai Taxi IPO …
Over 57,000 new investors flocked to DFM in 2023, driving 12.5% growth in new accounts
ABU DHABI: Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released …
Dubai Financial Market records over 57,000 new investors in 2023
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5 per cent over the previous year.
Over 57,000 new investors flocked to Dubai Financial Market in 2023, driving 12.5% growth in new accounts
Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase of 12.5% over the previous year, according to data released by the …
New digital banking on the cards in UAE
Proshot Holding, a leading innovator in financial technology, has announced its ambitious plan to launch a cutting-edge digital banking platform in the UAE, …
UAE economic growth on solid track: Juwai IQI
The UAE will continue to attract more investment from global players and sophisticated investors amid economic growth stability and strong interest …
DFM sees Dhs67.5m direct deal on Al Ramz
The Dubai Financial Market (DFM … Tecom Group said on Monday it raised Dhs1.7 billion ($462.87 million) from investors for its initial public offering (IPO). The company announced its plan on June 8 …