OpenAI, which recently said it aims to raise US$40 billion in financing at a valuation of US$300 billion, has reportedly been in talks with the UAE’s MGX, an existing shareholder; Saudi Arabia’s …
Dubai RWA apartment sells in under 2 minutes
PRYPCO Mint and DLD have sold so far $1.306 billion worth of tokenized property in Dubai and the future will see more.
Dubai real estate delivers AED 54.5bln in May sales with 15% growth across sales and leasing
Strong investor confidence, rising end-user demand, and consistent interest in both off-plan and ready properties have propelled the market forward …
EU to remove UAE from AML/CFT ‘high-risk’ list, adds Algeria, Lebanon
The European Commission has proposed removing the UAE from its list of high-risk countries for money laundering and terrorist financing, while adding Algeria and Lebanon along with eight other …
UAE motor insurance premiums rise by 40%; lawmaker demands reforms
During a council session, FNC member Adnan Hamad Al Hammadi called on the Minister of State for Financial Affairs, Mohammed Al Hussaini, to clarify what steps are being taken to regulate the sector.
UAE sets new Emiratisation goal: 50%-60% quota for insurance sector by 2030
A new Emiratisation strategy for the years 2027–2030 targets Emiratisation rates of 50 per cent to 60 per cent at insurance companies, depending on company size. It also mandates the employment of at …
Hedge fund King Street seeks Saudi Arabia license
In August, the firm signed a memorandum of understanding with Saudi Real Estate Refinance Co., a unit of the $940 billion Public Investment Fund, to help banks offload retail mortgages to investors.
S&P and Moody’s upgrade Emaar’s credit ratings, citing strong financial performance
S&P Global Ratings and Moody’s Ratings have upgraded Emaar Properties’ long-term issuer credit ratings, reinforcing the company’s position as a financially resilient and strategically agile market …
Top 10 UAE banks’ Q1 net income jumps 8.4% to Dh22.2b
The UAE’s top 10 listed banks have posted a strong first quarter marked by healthy income growth, cost optimisation, and strategic repositioning —despite a backdrop of global economic uncertainty and …
Trading halted for Emirates Islamic Bank after share buyout
The Dubai-based lender has acquired the outstanding shares at AED 11.95 each, amounting to approximately AED 69.8m ($19m), according to a company statement. EIB will continue to operate under its …
Sharjah Islamic Bank strengthens capital with new Sukuk
This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the exchange to AED9.1 billion ($2.5 billion) …
Nasdaq Dubai welcomes Mashreq’s $500mln debut sukuk listing
Dubai: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq’s $2.50 billion Trust Certificate …
Hedge fund giants are backing more external fund managers. Here’s why smaller rivals are doing the opposite.
Firms like $12 billion Brummer & Partners are hiring more internal portfolio managers.
Investopia Global launches New Economy Talks in Cyprus to boost UAE–Mediterranean investment partnerships
Event draws participation of 300 VIPs including ministers, senior government officials, businessmen, and private sector representatives …
S&P and Moody’s upgrade Emaar’s credit ratings, citing strong financial performance and robust revenue visibility
S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, with a stable outlook, while Moody’s upgraded Emaar’s long-term issuer rating to Baa1 from Baa2, also with a stable …
EU plans to remove the UAE from its ‘high-risk’ money-laundering list
The European Union plans to remove the UAE from its list of countries that pose a high risk for money laundering, amid growing efforts by the Emirates to boost its regulatory framework. The European …
World Bank upgrades UAE growth forecast to 4.6% this year on non-oil boost
The World Bank has upgraded its growth forecast for the UAE to 4.6 per cent this year, up from its 4 per cent projection in January, on expanding non-oil activity and phase-out of the Opec+ oil …