Wall Street Exchange pays over $9.2 million to resolve U.S. bank fraud allegations, under a non-prosecution agreement that involves a fine and forfeiture for misleading a U.S. bank about anti-money …
UAE: Consumer spending projected to improve in 2025, says Majid Al Futtaim CEO
Consumer confidence is returning and spending outlook “is certainly positive” across the Mena region, said Ahmed Galal Ismail, CEO of Majid Al Futtaim (MAF) Holding. Given that MAF operates in 15 …
Paymob secures UAE central bank license for retail payment services
The regulatory nod also enables the company to provide merchants with its full suite of omni-channel solutions …
UAE expands Cepa network to shield economy amid trade risks
The UAE is doubling down on its comprehensive economic partnership agreements (Cepas) to shield its economy from potential trade wars and ensure uninterrupted access to global markets. With deals …
Dubai Investments plans IPO for its subsidiaries, says CEO
Dubai Investments, a diversified company in which the sovereign wealth fund Investment Corporation of Dubai holds a stake, plans to take four of its subsidiaries public amid the continued momentum for …
The true value of financial advice: St. James’s Place Middle East
One of the biggest benefits of financial advice is clarifying and setting out an investor’s long-term goals and matching their needs with the right investment …
Special UAE coin with image of Sheikh Mohamed now available for Dh650; how to get it
Calling all — and anyone who wants to keep a unique UAE memorabilia: A special silver coin with an image of President Sheikh Mohamed was issued to mark the Central Bank’s (CBUAE) 50th anniversary, it …
EFG Hermes braces for IPO flurry in GCC after market-leading 17 deals worth $19.7bln
EFG Hermes helped raise $7.2 billion from 11 IPOs across Tadawul, ADX, DFM and Boursa Kuwait and $12.5 billion from six secondary offerings, Ali Khalpey, Head of ECM, told Zawya …
UAE’s global leadership reinforced by strong performance of its firms
The UAE continues to assert its global leadership through the outstanding performance of its companies in the Global 500 2025 research, an annual …
Millionaires in Dubai make everyone else feel poor
At a Tikki-themed bar in Dubai early last year, a man claiming to be a Scandinavian real estate millionaire ordered a round of tequila cocktails while yelling his formula for success in my ear (“fame, …
UAE gold reserves reach $6.7bn
The gold reserves of the Central Bank of the United Arab Emirates (CBUAE) surged by 34.8 during the first 10 months of 2024 reaching AED24.464bn ($6.7bn) by the end of October 2024.
Ajman Bank achieves its highest annual profits in history at Dh440 million, with a growth of 213%
Ajman Bank on Wednesday that it delivered its highest annual profit before tax in its history of Dh440 million for 2024, with a growth of 213 per cent comp..
UAE issues limited edition silver coin to mark Central Bank’s 50th anniversary
The reverse of the coin features an illustration of the CBUAE building, along with the phrase “50 Years of the Central Bank of the UAE” on the upper and lower edges in Arabic and English, the years …
UAE Central Bank issues silver commemorative coins marking its Golden Jubilee
Staff Reporter In commemoration of the Central Bank of the United Arab Emirates (CBUAE) Golden Jubilee, the CBUAE has announced the issuance …
Oman’s Asyad Group plans to sell at least 20% of shipping unit via IPO
Oman’s state-owned logistics firm Asyad Group plans to offer investors shares in its shipping unit through an initial public offering (IPO), it said on Wednesday, as part of the Gulf country’s …
Ssangyong E&C wins $222.6 million deal in Dubai
Ssangyong Engineering & Construction said Wednesday it has won a 320 billion won ($222.6 million) deal to construct a premium office building in Dubai.
Mastercard, ruya collaborate to bring innovative digital products to UAE’s Islamic banking landscape
The bank will benefit from the services of Mastercard Advisors, which employs more than 3,000 consultants in 53 countries …