A lot of the market value of BNPL companies is based on a belief that they can predict consumer patterns more accurately than banks,’ fintech pioneer says American and European consumers have long …
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Three Arrows’ Zhu Is Worried About Jail Time in Liquidator Fight
The fight between the founders of defunct crypto hedge fund Three Arrows Capital and the court-appointed liquidators charged with unwinding their assets has reached Thailand. Su Zhu, who along with …
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UAE stocks gain on corporate earnings
UAE stock markets closed higher Thursday, driven by the realty and banking blue chips amid increased transactions that amounted to more than 18,000 worth around AED1.87 bn over 392 million shares.
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UAE’s Burjeel Holdings to invest up to $1bln in Saudi expansion
UAE-based Burjeel Holdings said on Wednesday that it will expand into Saudi Arabia. The announcement comes ahead of the company’s planned IPO in Abu Dhabi this year, in which Burjeel is reportedly …
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UAE stocks gain on healthy corporate earnings
Emaar and Dubai Islamic Bank among those driving up the Dubai Financial Market Abu Dhabi: UAE stock markets closed higher Thursday, driven by real estate and banking blue chips amid increased …
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UAE stocks gain on corporate gains
UAE stock markets closed higher Thursday, driven by the realty and banking blue chips amid increased transactions that amounted to more than 18,000 worth around AED1.87 bn over 392 million shares.
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UAE: Priority remains to detect, investigate and understand money laundering and terrorist financing, top official says
Our priority remains to build long-term, sustainable capabilities and to accelerate the development of the UAE’s ability to detect, investigate and understand money laundering and terrorist financing …
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UAE confiscated over Dhs2.35 billion in illicit assets last year
The Executive Office of Anti-Money Laundering and Counter Terrorism Financing met on Thursday to conclude a review on progress in the first half of 2022.
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Assets of UAE-listed national firms surge 10% in H1
The assets of national companies listed in local financial markets rose by 10% in the first half of 2022, equivalent to AED425.7 billion ( ), an indicator of their robust financial performance and …
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Changpeng Zhao: Dubai-based serial entrepreneur making billions buying cryptocurrencies
It’s a common trend now to see many making millions buying cryptocurrencies, but the story of Dubai’s new resident and self-made crypto billionaire Changpeng Zhao is one that’s hard to come by.
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Most UAE businesses are not prepared for UAE Corporate Tax
Dubai-based CS Events brings accounting, financial, tax lawyers, chief financial officers, compliance professionals at the first UAE Corporate Tax Forum that takes place at Dusit Thani Hotel on Sept …
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UAE based DeFi brokerage firm expands team
The firm has appointed Neale Croutear-Foy as Chief Technology Officer (CTO), and Chris Pugh as Head of Product Delivery. Both will report to Phil Langton, the Chief Operating Officer (COO) at …
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UAE listed national companies’ assets rise 10 percent in first half of 2022, hitting $1.3 trillion
The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets UAE listed national companies’ assets rise 10 percent in first half of 2022, hitting $1.3 …
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Emaar plans to remove minimum shareholding for UAE and GCC Nationals
The Emaar stock has been recording high volumes in recent days – at the time of the Dubai Holding deal, the stock had come under pressure. Then, there was a partial bounce after …
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Aggregate Q2 net profit of top 10 UAE banks climbs 24% on interest income boost
The cumulative net income for the three months to the end of June climbed to Dh12.6 billion ($3.43bn), the consultancy said in its UAE Banking Pulse report on Wednesday. Total net interest income for …
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UAE central bank urges Islamic Financial Institutions to appoint Emiratis as trainees
In line with the leadership’s vision and the CBUAE’s commitment to implement the Emiratisation strategy in the financial sector, the Higher Shari’ah Authority at the CBUAE (“HSA”) has issued a …
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UAE health firm Burjeel plans Saudi expansion as IPO nears
United Arab Emirates healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later …
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