Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitPelosi Poised to Land in …
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Pakistan focusing to extend existing bilateral relations with UAE: Finance Minister
Finance Minister Miftah Ismail says Pakistan is focusing on various new avenues of mutual interest to extend the existing bilateral relations with United Arab Emirates to a new level. He was talking …
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UAE laws clamp dwn on money laundering, terrorism financing
The bank released a statement on procedures that licensed financial institutions must follow with regard to “politically exposed persons.” Such individuals are at higher risk of conducting money …
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UAE: Gross banks’ assets in May reach Dhs3.442tn in May, reports CBUAE
CBUAE stated that gross credit grew by 2.6 per cent, rising from Dhs1.817tn at the end of April to Dhs1.865tn at the end of May …
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Dubai Records Over AED1.2 Billion In Real Estate Transactions Tuesday
Dubai real estate market recorded 396 sales transactions worth AED845.37 million, in addition to 110 mortgage de …
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Peter Kelly resigns as judge in Dubai financial court
The former president of the High Court, Peter Kelly, has said he has decided to resign as a judge of the Dubai International Financial Centre Courts.
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Dubai launches new 2060 strategy to ‘achieve financial sustainability’
The emirate will use “the best smart and innovative financial systems” to achieve this strategy by 2026 Dubai launches new 2060 strategy to ‘achieve financial sustainability’ 2060 strategy, Dubai, …
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Dubai Metaverse Strategy to back over 40,000 virtual jobs by 2030, add $4 billion to emirate’s kitty in 5 years
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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