The Central Bank of the UAE (CBUAE) has issued a new Guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the …
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Dubai logistics firm Tristar Group sees net profits shoot up 66% in first-half 2021
Tristar says upbeat results show operational ‘resilience’ amidst improving conditions Dubai: The Dubai-based logistics company Tristar Group recorded gains on both revenues and net profit for the …
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Neobanks are Making Inroads in the United Arab Emirates with Fintech Adoption Rising in MENA: Report
Neobanks are making inroads in the United Arab Emirates, with Fintech adoption rising across MENA region: Report.
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Thomas Barrack pleads not guilty to being UAE agent and says he’s ‘100% innocent’
Thomas Barrack, the billionaire fundraiser and longtime friend of former President Donald Trump, pleaded not guilty on Monday to federal charges that he illegally lobbied the U.S. government on behalf …
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Trump ally Barrack pleads not guilty in UAE case
Billionaire private equity investor Thomas Barrack – a close ally of former President Donald Trump – pleaded not guilty to charges of illegal lobbying for the United Arab Emirates on Monday, putting …
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UAE: Is taking a part ownership in real estate truly worth your money?
Owning fractions of property through real estate crowdfunding and REITs Dubai: Many people strive to invest in real estate in the UAE to make monetary gains. The UAE’s appeal as a property investment …
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Al Bayader secures funding for UAE’s largest food packaging complex
Dubai: Al Bayader International, the packaging and cleaning solutions provider, has secured medium-term financing to build the region’s largest food packaging industrial complex in Sharjah’s Al Sajaa …
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Al Bayader International secures financing for region’s largest food packaging industrial complex in the UAE
Sharjah’s Al Sajaa Industrial City will manufacture more than 1,200 products and will feature a dedicated R&D complex, labs, showroom and staff accommodation …
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Emirates Islamic nurtures UAE National talent through specialised leadership program
Emirates Islamic, one of the leading Islamic financial institutions in the UAE recently culminated their three-part emerging …
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Moving to Dubai? Things to consider
There are numerous reasons why you might want to move your business to Dubai. There has been an incredible overhaul in the city over the years turning it into a mecca.
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Fitch Revises Gulf International Bank’s Outlook to Stable; Affirms IDR at ‘BBB+’
Fitch Ratings has revised Gulf International Bank B.S.C’s (GIB) Outlook to Stable from Negative, while affirming the bank’s Long-Term Issuer Default Rating (IDR) at ‘BBB+’ and Viability Rating (VR) at …
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Video: UAE distributes 30m meals in Egypt as part of 100m meals campaign
Dubai: A total of 30 million meals were distributed to low-income families and underprivileged communities in Egypt, as part of the UAE’s global ‘100 Million Meals’ campaign, the Mohammed bin Rashid …
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Indian Consulate in Dubai issues guidelines on dos and don’ts for expats
Dubai: The Indian Consulate in Dubai has issued guidelines on dos and don’ts for the Indian expats, especially workers, in the UAE through the help centre Pravasi Bharatiya Sahayata Kendra (PBSK). The …
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UAE delegation visits Saudi Arabia to strengthen anti-money laundering efforts
A UAE official delegation headed by Ahmed Ali Al Sayegh, Minister of State, and Khaled Mohammed Balama, Governor of the Central Bank of the UAE, visited the Kingdom of Saudi Arabia from July 13-14 …
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Covid-19 in UAE: Stress, burnouts, depression on the rise
All of these have caused a rise in mental health issues. “The number of mental health issues is on the rise and is like a forest fire. The unpredictability factor of the entire pandemic and its …
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Expect better exchange rate for Indian rupee against UAE dirham this week
Dubai: UAE based Indians planning to remit money home could get better exchange rate for their dirham in the week ahead as the rupee is likely to weaken against the dollar. Any weakening of the Indian …
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Fintechs to drive M&A in Saudi banking sector – KPMG
RIYADH: The rise of financial technology companies in Saudi Arabia will stimulate merger and acquisition activity in the coming years, according to global management consultancy KPMG. The fintech boom …
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