FinCEN’s August 28 proposal would bar five UAE branches of Egypt’s state owned Banque Misr from direct or indirect U.S. correspondent access, but it is not yet final. The UAE has opened an urgent …
Joel Busienei takes two decades of Kenyan banking technology experience to Dubai Islamic Bank
Kenyan banking technology executive Joel Busienei has joined Dubai Islamic Bank as Head of IT, overseeing technology, cybersecurity and digital transformation.
Central banks in Egypt, UAE join forces as US moves to cut Banque Misr from dollar system due to Iran links
The central banks of Egypt and the United Arab Emirates are coordinating over Banque Misr after the US Treasury moved to cut the Egyptian bank’s UAE branches from the US financial system over alleged …
What Shein’s $27bn IPO means for Mubadala
Matein KhalidChinese fast-fashion giant Shein is set to list in Hong Kong on September 1 at a valuation of up to $27 billion. That is less than half the $64 billion valuation at which Abu Dhabi …
UAE, Egypt coordinate over Banque Misr bank after US Treasury notice on Iran links, dollar curbs
The United Arab Emirates and Egyptian central banks are coordinating over Banque Misr after the US Treasury proposed cutting off the Egyptian bank’s UAE branches from dollar transactions over alleged …
Dubai outranks Washington, Paris and Mumbai as more billionaires move to city
Dubai ranked eighth among the world’s leading billionaire cities in 2025, with 43 billionaires. The city’s number increased by two since the 2024 report. Dubai shares eighth place with Shenzhen and …
UAE to probe Banque Misr branch after US cites Iran links
The UAE central bank will investigate Banque Misr’s UAE branch over alleged links to Iranian sanctions violations and potential shadow banking activities. Read more at straitstimes.com. Read more at …
UAE and Egyptian central banks coordinate on Banque Misr amid US Treasury notice
FinCEN targets Banque Misr’s UAE branches over $1.8 billion in alleged Iran-linked transactions as UAE and Egyptian central banks coordinate …
UAE, Egypt central banks say Banque Misr’s branches conducting ‘business as usual’
The statement comes as a follow-up to the proposal issued by the US Treasury regarding a regulatory rule providing for the imposition of a special measure …
Dubai Finance develops 2027–2029 Strategic Plan
Dubai Finance (DOF) has announced the use of artificial intelligence (AI) and digital twin technologies in developing its 2027–2029 Strategic Plan, as part of efforts to advance strategic planning, …
UAE to inspect Egyptian bank’s branches after US sanctions
The UAE central bank said Saturday it would inspect Banque Misr’s branches after the US hit it with sanctions for allegedly dealing with Iran …
Egypt’s Banque Misr reviews US Iran sanctions notice, UAE central bank launches urgent examination
CAIRO: Egypt’s Banque Misr said on Saturday (Aug 29) it was reviewing a US Treasury notice to cut off its UAE branches from dollar transactions over their dealings with Iran, while the UAE central ban …
United Arab Emirates (UAE) Embedded Finance Market, 2024-2029 – $9.2 Billion e-Commerce Surge by 2026 Fuels Demand for Embedded Finance Solutions such as BNPL and Integrated …
Dublin, May 23, 2024 (GLOBE NEWSWIRE) — The “United Arab Emirates Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth …
Central Bank of the UAE orders urgent review of Banque Misr branches after US Treasury proposal
The UAE Central Bank launched an urgent review of Banque Misr’s five branches after FinCEN flagged $1.8B in alleged Iran-linked transactions.
Bessent moves to sanction bank in UAE for Iran ties
Treasury Secretary Scott Bessent announced Friday that he is working to cut off bank branches in the UAE from the U.S. financial system.
UAE-based private jet firm explores $1 billion IPO
The UAE-based private aviation company was founded by Thomas Flohr in 2004. A private aviation firm stationed in the UAE is weighing up the possibility of launching an IPO in Europe. Bloomberg has …
iD Fresh to open second UAE factory in Sharjah as it eyes $1 billion India IPO next year
No preservatives, no shortcuts: Inside iD Fresh’s clean-label playbook as it scales Add as a preferred source on Google Ajman: iD Fresh Food, best known for ready-to-cook South Indian staples such as …