The U.S. Treasury Department is looking into JPMorgan Chase’s relationship with a hedge fund that is said to be a part of Iranian oil trader Hossein Shamkhani’s network, Bloomberg News reported on …
US Probes JPMorgan’s Ties to Iranian Oil Kingpin’s Hedge Fund
The US Treasury Department is examining JPMorgan Chase & Co.’s relationship with a hedge fund that’s said to be part of a network … The entity was recently suspended by Dubai’s financial free zone.
UAE: Ministry of Finance launches financial sustainability standards guide for federal government
The Ministry of Finance (MoF) has launched the “Financial Sustainability Standards Guide in the Federal Government” during a meeting held at the Sustainability and Innovation Centre in Dubai. The …
Cop 29 live: UAE steps in amid Saudi blocking of commitment to transition away from fossil fuels
The new text on the all-important finance target “calls for” $1.3tn by 2035 – that’s what developing countries asked for – but what kind of finance remains important – grants, loans, private? It …
UAE suspends exchange house, shuts 2 branches
The Central Bank of the UAE has suspended the business of Al Razouki Exchange, an Exchange House operating in the UAE for a period of three years and has closed two of its branches in Dubai.
UAE: Central Bank suspends Al Razouki Exchange, closes down 2 of its branches
The Central Bank of the UAE (CBUAE) has suspended the business of Al Razouki Exchange for three years due to violations of anti-money laundering law, it was announced on Friday. Two of the company’s …
UAE Central Bank suspends money exchange business of Al Razouki Exchange, closes two of branches
ABU DHABI – The Central Bank of the UAE (CBUAE) has suspended the business of Al Razouki Exchange, an Exchange House operating in the UAE for a period of three years and has closed two of its Branches …
Dubai-based family offices manage over $1 trillion in assets: report
Dubai’s financial hub is now home to family offices that control more than $1 trillion in assets, a Bloomberg report stated on Wednesday. The development comes on the back of an influx of high-net …
UAE’s $30 Billion Alterra Fund Is Far Off Spending Bulk of Cash
A landmark fund launched by the United Arab Emirates a year ago has managed to spend just a small fraction of its cash, as it tries to find deals suited to its mandate of investing in the energy …
Nasdaq Dubai sees listing of $2bn of bonds from China
Nasdaq Dubai has announced the listing of two bonds by the Ministry of Finance of the People’s Republic of China, worth a combined $2bn. One is a three-year $1.25bn bond and the other is a five-year …
Nasdaq Dubai welcomes $2 billion bonds by China’s Ministry of Finance
Nasdaq Dubai today announced the listing of 2 bonds by the Ministry of Finance of the People’s Republic of China. One is a three-year US$1.25 billion …
Dubai contractor Drake & Scull appoints new chief executive amid expansion plans
Dubai-based contractor Drake & Scull International has appointed Muin Al Saleh as its new chief executive, as the company looks to expand operations following a debt restructuring deal with creditors …
UAE leads Middle Eastern banking sector with $1.1trln assets
With a compound annual growth rate of 8.70% over the past two years, the UAE’s digital banking sector has accelerated, with continued growth projected at a CAGR of 4.80% from 2024 to 2029 …
Talabat’s $1.5 Billion IPO Sells Out Soon After Books Open
Delivery Hero SE’s Middle East unit had demand for all shares in its $1.5 billion Dubai initial public offering minutes after subscriptions opened, in the latest sign of robust demand for regional …
Dubai real estate’s Incredible October shattered records with more transactions, mortgages and off-plan boost; 30% uplift expected by year-end
October sales, which passed 20,000 for the first time in history, beat September’s by 13 per cent, while mortgage transactions rose 3.2 per cent month-on-month to their highest levels yet, according …
Most Gulf bourses fall; Dubai hits 10-year high
Most stock markets in the Gulf were subdued on Wednesday as investors turned cautious amid simmering geopolitical tensions, although Dubai index hit an over 10-year high on finance and real estate …
Dubai property transactions to grow 30% by end of 2024 amid record-breaking sales, prices
A total of 20,460 sales transactions were recorded last month, an increase of 13 per cent compared to September …