UAE-based fintech Qashio, has raised $10 million in a Seed round through a mix of equity and no equity financing. Investors …
UAE-based fintech Qashio raises $10mln
Founded in 2021 by seasoned serial entrepreneurs with multiple successful exits, Jonathan Lau and Armin Moradi, Qashio is the first fintech in UAE history to issue employee corporate cards …
UAE announces new plans to stop money laundering, terror financing
The UAE has proposed a regulatory approach to curb money laundering and terrorism financing activities, with a national committee suggesting allowing formal sharing of strategic information and …
Dubai Islamic Bank takes orders for debut sustainable sukuk – document
DUBAI, Nov 22 (Reuters) – Dubai Islamic Bank has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic …
Deutsche Bank Targets Asia, Middle East for Wealth Ambitions
Claudio de Sanctis is targeting markets far from home as Deutsche Bank AG seeks to become Europe’s go-to wealth manager.Most Read from BloombergSwedish Housing Is Now in the Worst Rout Since the …
Dubai Financial Market launches new general index
The developed indices provide various market participants with investable and tradeable benchmarks for the DFM equity market …
UAE: Man demands Dh250,000 from woman for ‘damaging reputation’
The plaintiff said he was shocked when the defendant filed a case against him for allegedly beating her up and insulting her at her workplace …
Dubai’s DMCC digitises gold trading in partnership with ComTech Gold
Comtech Gold tokens will be created on the XinFin Protocol blockchain network based on the deposit of physical gold bars located in DMCC-approved vaults.
Dubai property deals hit $419mln on Monday
Buyers continued to flock to Dubai’s property market, with real estate deals reaching AED1.54 billion ($419.3 million) on Monday, data from the Dubai Land Department (DLD) showed. Total sales stood at …
Dubai real estate remains rare bright spot amid global economic doom
In the third quarter of 2022, Dubai’s real estate market witnessed the highest performance for a quarter in 12 years.
Saudi Arabia’s state fund hires banks for IPO of ADES, sources say
Saudi Arabia’s sovereign wealth fund is planning an initial public offering (IPO) of oil and gas drilling firm ADES International in Riyadh next year that could fetch more than $1 billion, according …
Dubai bourse DFM launches new general index
New methodology caps threshold of DFM index individual constituent at 10% instead of 20% The Dubai Financial Market (DFM) has launched a new general index which provides market participants with …
Dubai Islamic Bank joins forces with Al Ramz Corporation for brokerage service
Dubai Islamic Bank has entered into a strategic alliance with Al Ramz Corporation to offer its clients access to specialised and diversified capital markets services. Under the arrangement, Al Ramz …
CFI Dubai: CFI Financial Group Hosts a Celebratory Day for the Visit of its Global Brand Ambassador, Pep Guardiola
CFI Financial Group, a globally regulated trading provider enabling next-generation access to financial markets, hosted a celebratory day for the visit …
Finance House introduces real-time payment services with UAE-founded Global Software Solutions Group
Finance House, one of the UAE’s leading financial institutions, has signed a first-of-a-kind agreement with Global Software Solutions Group, a UAE-founded software solutions organization, to offer …
UAE top choice of investors as FDI inflows to hit $22b this year
The UAE will continue to drive foreign direct investment (FDI) capital into the region as investors prefer the emirate due to its business-friendly policies, excellent infrastructure, …
UAE remains top choice of investors as FDI inflows to hit $22 billion this year
Hatem El Safty, CEO of Business Link, said the UAE will attract a major share of $66 billion in potential FDI inflows into the Middle East, North Africa, and Pakistan (MENAP) in 2023 as global …