Since the pandemic, the number of cyber-attacks in the UAE and the region has seen a substantial increase, as the organisations have been forced to an immediate remote working scenario. As part of the …
( read original story …)
Saudi Arabia, UAE retain $2b financial support
Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations.
( read original story …)
UAE’s BaaS Fintech NymCard Secures $7.6M in Capital via Series A to Accelerate its Expansion Efforts
Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in capital through a Series A funding round. The banking-as-a-service (BaaS) provider confirmed that the …
( read original story …)
The “Invest In Dubai” Platform Makes Dubai The Best And Easiest City To Invest And Do Business
H.H. Sheikh Mohammed bin Rashid Al Maktoum has launched a specialized platform to create opportunities for investors and consolidate the emirate’s position in the global investment landscape.
( read original story …)
Dubai-based streaming service Starzplay receives $25mln funding
The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
( read original story …)
Dubai Financial Market profits jump as trading volumes rise to $18bn
Dubai Financial Market Company on Wednesday announced an annual net profit of AED137.9 million, up 14 percent on the previous year as trading jumped by nearly a quarter to AED66 billion ($18 billion).
( read original story …)
Finance Minister Holds Talks with UAE’s Ambassador
Minister of Finance Ahmed Shide held talks today with the Ambassador of the United Arab Emirates (UAE), Mohammed Salim Alrashid.The discussion focused on ways to enhance economic cooperation between …
( read original story …)
Dubai launches new one-stop shop to attract more investors, entrepreneurs
Invest in Dubai platform enables investors to obtain trade licences and launch their business in a matter of minutes …
( read original story …)
Revealed: UAE’s 10 most valuable banks
Ten UAE banks have been featured among the world’s top 500 most valuable and strongest banking brands of 2021. According to Brand Finance, the UAE banks’ combined brand value reached $13.7 billion …
( read original story …)
UAE’s citizenship move set to spur influx of more Indian investment, talent
Policy experts in India say move is bound to attract more investments and talent from the south Asian country Policy experts and expat Indian business leaders have hailed a move by the UAE to amend …
( read original story …)
UAE Oil Firm Adnoc Gets $900 Million Investment in Property Unit
The biggest oil producer in the United Arab Emirates is getting a $900 million investment in its property business from a state pension fund.
( read original story …)
Biden Overrules Trump on UAE Tariff, Keeping Aluminum Duties
President Joe Biden said he would keep U.S. tariffs in place on aluminum imports from the United Arab Emirates — reversing a last-minute move by his predecessor to grant the Persian Gulf nation …
( read original story …)
UAE utilities firm Utico says in talks to IPO on Dubai bourse
United Arab Emirates (UAE) utility firm Utico said on Monday it intends to list on the Dubai Financial Market this year, seeking a valuation of 3 billion dirhams ($817 million). DUBAI, Feb 1 (Reuters) …
( read original story …)
Mideast Stocks: Most Gulf markets fall in early trade
Major stock markets in the Gulf traded lower on Sunday following Friday’s fall in global equities amid a growing battle on Wall Street between hedge funds and retail investors. Saudi Arabia’s …
( read original story …)
UAE plans to offer citizenship to foreigners to boost economy
The major policy shift unveiled on Saturday is aimed at attracting talent in a way that will boost growth in the UAE, home to the Middle East’s finance and travel hubs and millions of expatriate resid …
( read original story …)
Most Gulf markets fall in early trade
Major stock markets in the Gulf traded lower on Sunday following Friday’s fall in global equities amid a growing battle on Wall Street between hedge funds and retail investors.
( read original story …)
UAE Central Bank Fines 11 Banks for Compliance Failure
The United Arab Emirates’ central bank imposed financial sanctions on 11 banks operating in the country for their failure to reach appropriate levels of compliance on anti-money laundering and …
( read original story …)