Bank of Baroda UAE has signed a memorandum of understanding (MoU) with Meydan Free Zone, one of the world’s largest digital free zones for business setup s..
Dubai Financial Market Reports Strong Performance with 60% Increase in Net Profit (pre-tax)
Dubai Financial Market (DFM) today announced its consolidated financial results for the first nine months of 2024. Net profit, before tax, rose to AED 298.7 million, marking a significant 60% increase …
UAE’s non-oil sector drives Islamic finance expansion: S&P
The country’s insurance sector, both conventional and Islamic, is projected to expand by 15 to 20 percent, driven by economic performance and infrastructure projects …
‘No finance, no action’: UAE urges Cop29 decision-makers to up their climate ambitions
The UAE wants to see no let-up in global climate ambitions at Cop29, a senior official has said, as leaders, government officials and environmental activists from around the world prepare to meet for …
UAE’s strong non-oil economy fuels Islamic finance growth: S&P
S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy.
UAE’s strong non-oil economy fuels Islamic finance growth
S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy. According to the agency, …
Dubai announces new financial misconduct laws with travel bans and asset freezing for offenders
Minor violations can be dismissed with disciplinary actions instead of prosecution. If a criminal offence is confirmed, the case must be referred to the Dubai Public Prosecution. Travel bans and asset …
Inside Dubai’s risky bid to become the world’s crypto hub
With a new digital assets regulator and companies like Binance, Dubai is hoping to win over blockchain business.
Dubai Greenlights Largest Budget in History for 2025-2027
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved Law No. (23) of 2024, which establishes the Government of Dubai’s General Budget …
UAE-headquartered Shorooq aims to be Middle East’s Blackstone
The region needs private investors that strive to push economies forward, the investment firm’s founding partner says …
Dubai’s DIFC Suspends Firms Said to Be Key to Iran Oil Kingpin
The Dubai International Financial Centre has suspended multiple companies that people familiar with the matter say are part of a network overseen by Iranian oil trader Hossein Shamkhani.
UAE-headquartered Shorooq Partners aims to be Middle East’s Blackstone
Investment company Shorooq Partners has ambitions to become the Blackstone of the Middle East to fill a gap in the market for private investors that pushes economies forward.
Dubai Government approves record 2025-2027 budget
The Dubai Government forecasted expenditure for fiscal year 2025 alone at Dhs86.26bn, with revenues projected at Dhs97.66bn.
Lulu retail IPO fully subscribed in an hour, to be listed in Abu Dhabi Stock Exchange on Nov 14
Lulu has now created the record for the UAE’s biggest retailer and private firm IPO..Lulu Group IPO. Yusuff Ali. Lulu IPO. Abu Dhabi. UAE …
Mohammed bin Rashid approves Dubai Government’s General Budget Cycle for 2025-2027
In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved Law No. (23) of 2024 pertaining to the Government …
UAE: Federal Decree-Law on Tax Procedures amended
The UAE eInvoicing implementation is based on a decentralised, five-corner model that will allow sellers and buyers to exchange invoices via Accredited Service Providers (ASPs). ASPs will transmit tax …
UAE is leading hub for Islamic finance: FTSE Russell CEO
This latest launch provides focused exposures, to the top 15 Shari’ah-compliant companies, within Abu Dhabi,” she added …