The emirate is the world capital of Web3, which includes dealing with cryptocurrency firms. Dubai has seen over 1,000 firms mushroom in the metaverse and blockchain sector.
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Dubai Department of Finance launches its new strategy
Inspired by the wise vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the new 2026 Strategy aims to achieve a set of objectives associat …
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UAE Central Bank issues guidance for licensed financial institutions on risks related to politically exposed persons
Financial institutions have been given one month to comply with the requirements Abu Dhabi: The UAE Central Bank issued new guidelines on anti-money laundering and combating terror financing to …
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UAE Central Bank issues new guidelines on dealing with politically exposed persons
The Central Bank of the UAE issued new guidelines on the risks related to politically exposed persons (PEPs) to help licensed financial institutions (LFIs) combat money laundering and terrorism …
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UAE receives bids worth $2 billion in third auction of Treasury bonds
The auction, which is part of the country’s T-Bond programme, witnessed Treasury bonds oversubscribed five times over UAE receives bids worth $2 billion in third auction of Treasury bonds Auction, …
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Dubai continues march as world’s Web3 capital on foresight, robust infrastructure
Dubai is the world’s only jurisdiction to set up a dedicated virtual assets regulator The recent launch of Dubai’s Metaverse Strategy by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince …
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UAE Central Bank releases new anti-money laundering rules
The Central Bank of the UAE released new rules to support licensed financial institutions (LFIs) to battle money laundering as well as terrorism inve …
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Mashreq Bank launches business banking value added services
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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UAE’s ADNOC Awards Huge Contracts To Boost Gas Output At Critical Time
ADNOC has awarded $2 billion worth of drilling contracts to spur the development of the Hail and Ghasha sour gas project as part of its plans to help OPEC’s third-biggest producer achieve gas self-suf …
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Dubai’s DFM adds 20,552 new investor accounts in first seven months of 2022
Dubai Financial Market (DFM) has revealed that brokerage companies in DFM added 20,552 new investor accounts in the first seven months of 2022. According to the state news agency, WAM, the number of …
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Dubai Financial Market adds 20,500 new investor accounts in 7 months
Brokerage companies in the Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market also witnessed significant …
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Gross banks’ assets in UAE stand at Dhs3,442.7 billion in end of May
The Central Bank of the UAE (CBUAE) has announced that the gross banks’ assets, including bankers’ acceptances, rose to Dhs3,442.7 billion at the end of May 2022, …
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Dubai Department of Finance launches 2026 strategy
The new strategy aims to achieve a set of objectives associated with the Dubai Strategy 2030 project, it said. “We appreciate and value the achievements made by all organisational units during the …
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Third auction of UAE Treasury Bonds continues to achieve exceptional results
ABU DHABI – The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has …
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Dubai’s Department of Finance launches strategic plan to strengthen financial stability
The emirate is among the fastest growing business and financial hubs in the Middle East. . Dubai’s Department of Finance has launch …
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UAE Central Bank issues new guidance on anti-money laundering, combating financing of terrorism
The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combating the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the risks …
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Central bank of UAE issues new AML guidance on risks related to payments
The guidance, which comes into effect on Monday, will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations, and …
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