Dubai Holding is looking to raise 2.14 billion UAE dirhams ($584 million) through its residential REIT IPO, with the price set at AED 1.10 per unit, making it the largest REIT in the GCC. The top the …
Maktoum bin Mohammed issues decision to protect public employees who report financial or administrative violations
In his capacity as Chairman of the Financial Audit Authority, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of …
Bank of Baroda UAE, ISG launch Jaywan Card to strengthen UAE’s sovereign payment infrastructure
In a move to strengthen the UAE’s sovereign payment infrastructure, Bank of Baroda (BoB) UAE has partnered with In-Solutions Global (ISG) to launch Jaywan Cards in the UA.
UAE stands out with a balanced budget amid regional deficits
The UAE, showcasing its economic resilience and strategic diversification, stands out as the only GCC state projected to achieve a balanced budget as other member countries face fiscal challenges in …
Dubai: New decision to protect public employees who report financial or administrative violations
The Decision is issued pursuant to Law No. (4) of 2018 on the establishment of the Financial Audit Authority and its amendments …
UAE Central Bank fines exchange house Dh200m for breaching anti-money laundering rules
An exchange house has been fined Dh200 million ($54.45 million) by the UAE Central Bank for breaching anti-money laundering regulations, as the fight against illegal financial activity continues. The …
UAE slaps Dh200 million fine on exchange house for anti-money laundering law breach
The Central Bank has imposed a hefty fine on an exchange house after uncovering major violations of anti-money laundering and counter-terrorism financing regulations …
Dubai introduces new law to protect financial whistleblowers
Dubai has introduced new rules to protect the identity and protections for financial whistleblowers in the emirate.
Dubai Holding Expands Residential REIT IPO Amid Surging Investor Demand
Dubai Holding has increased the size of its Dubai Residential REIT initial public offering to 15% of the entity’s capital, up from the previously …
Emirates NBD partners with Appro to revolutionise retail banking onboarding
Dubai, United Arab Emirates – Emirates NBD, a leading banking group in the MENAT region, today announced a partnership with Appro, a fintech platform launched by SC Ventures, to significantly enhance …
Some UAE banks to raise minimum balance requirement from June 1, report says
Several banks operating in the UAE are set to increase the minimum balance requirement to Dh5,000, up from the previous Dh3,000 threshold established under the Central Bank’s personal loan regulations …
Dubai’s state investor ICD posts $14.5bln net profit for FY2024
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund, posted a net profit attributable to the owners of 53.2 billion dirhams ($14.5 billion) for the full-year 2024, compared to …
Emirates Development Bank launches Dhs1bn growth fund to boost UAE SMEs
By supporting high-potential SMEs in line with the UAE’s diversification agenda, EGF aims to enhance industrial capacity, stimulate job creation, and contribute to the country’s economy …
Dubai Holding Ups Reit IPO Size to as Much as $584 Million
Dubai Holding boosted the size of the initial public offering of its residential real estate investment trust, seeking to raise as much as $584 million amid strong demand from domestic and …
DHAM REIT Management announces increase in Dubai Residential REIT’s IPO offering size
Dubai Holding, through its wholly owned subsidiary DHAM REIT Management (Fund Manager), has announced an increase in the offering size of Dubai Residential REIT’s initial public offering (IPO). The …
KGRN and Akshar Consulting join forces to launch ‘NextGen FP&A’ for UAE’s Finance Future
In boardrooms across the UAE, the role of finance is shifting. No longer confined to ledgers and quarterly closes, CFOs are being called to steer strategy, model the future, and deliver insights at …
Finance Minister Asks UAE Banks for More Development Financing
The Ministry of Finance held a series of virtual meetings today with three UAE banks—Sharjah Islamic Bank, Abu Dhabi Islamic Bank, and Ajman …