The UAE has reinforced its commitment to combating financial crime with significant updates to its anti-money laundering (AML) legislation.
UAE’s Central Bank approves the launch of an AED stablecoin
The United Arab Emirates (UAE) has granted AED Stablecoin LLC in-principle approval to launch AE Coin, the country’s regulated stablecoin. The stablecoin issuer aims to improve payments and …
Dubai: Fintech Surge lays strategic focus on finance, investment
The panelists discussed real-world applications like decentralised insurance, tokenised real estate, and blockchain-based voting systems …
UAE: Soon, pay with your hand at Metro stations, withdraw cash using ‘palm vein’ technology
Current modes of payment such as credit cards and digital applications will soon be history in the UAE as residents will no longer need these tools for pay..
UAE stablecoin issuer gets greenlight, FTX customers sue hedge fund: Law Decoded
The Central Bank of the United Arab Emirates (CBUAE) granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework. AED Stablecoin’s preliminary license approval …
UAE Approves In-Principle License to First AED Stablecoin Issuer
The Central Bank of UAE has granted partial approval for AED Stablecoin, allowing it to issue the first regulated dirham-pegged stablecoin.
Dubai woos digital startups as it looks to triple number of app developers, targets £27.2bn boost
Dubai Chamber of Digital Economy is supporting startups and fostering growth as it presents highlights at Expand North Star 2024 …
VEON Announces Plan to Move its Headquarters to Dubai International Financial Center
With the move of its headquarters to its hub in the Dubai International Financial Centre (DIFC), the Group will become the largest Nasdaq-listed company with its Group headquarters in Dubai, which is …
Why the UAE’s capital markets are stealing the spotlight
As the UAE solidifies its position as a leading global financial hub, its capital markets are thriving like never before.
Horizon Robotics Said to Draw Alibaba, Baidu as Investors in IPO
Alibaba Group Holding Ltd. and Baidu Inc. are among the cornerstone investors in the Hong Kong initial public offering of Horizon Robotics, a Chinese provider of software and hardware used in …
UAE stock markets close Monday in green
UAE: $381.2mln in local stock market liquidity at start of week. Image courtesy WAM. Image for illustrative purpose. The main index of Dubai Financial Market (DFM) ended Monday’s trading session …
UAE stablecoin issuer gets nod from central bank
The Central Bank of the United Arab Emirates (CBUAE) has granted in-principle approval to AED Stablecoin under its Payment Token Service Regulation framework, the company announced in a press release.
Commercial Bank of Dubai to arrange $540mn financing for RAK Properties
The deal will provide financial agility to key development projects, including the much-anticipated Mina Al Arab …
Commercial Bank of Dubai to arrange $540mn financing for RAK Properties
The deal will provide financial agility to key development projects, including the much-anticipated Mina Al Arab …
Dubai’s home decor major Art of Living launches new campaign to time it with Dubai Home Festival
Art of Living, a premier home decor firm in Dubai, launched a new campaign – ‘Does Your House Feel Like Home?’ – apparently to pep up its sale during the ongoing Dubai Home Festival.
Cryptocurrency Regulations in Dubai are Alluring Indian Traders
Dubai has positioned itself as a leading hub for digital assets through favorable cryptocurrency regulations and progressive policies. This approach has drawn t …
UAE’s RAK Properties mandates CBD for $544mln loan
The UAE-based developr RAK Properties has mandated Commercial Bank of Dubai (CBD) to arrange a 2 billion dirhams ($544 million) syndicated long term financing facility. The facility will support RAK …