Methen DUBAI, Aug 12 (KUNA) — Kuwait’s Warba bank CEO, Shaheen Al-Ghanim, on Monday, rang the opening bell of the trading session at the nasdaq Dubai Stock Exchange, announcing the listing of green …
Al Fardan Exchange Leads AI Integration in Finance as Key Partner of Dubai AI & Web3 Festival
Al Fardan Exchange is pleased to announce its partnership with the Dubai AI & Web3 Festival 2024, following the signing of a Memorandum of Understanding (MoU) between both parties. This collaboration …
DMCC accounts for 15 per cent of FDI to Dubai
Dubai’s GDP exceedS Dh115 billion in the first quarter of 2024 with its economy growing at 3.2% compared to the same period in 2023 …
UAE economy grows as real estate, tourism and manufacturing thrive: OPEC
OPEC forecasts growth of UAE economy as real estate, tourism and manufacturing thrive The UAE economy continues to demonstrate robust growth, particularly within non-oil sectors such as real estate, …
VAST Data Announces Amy Shapero as Company’s First Chief Financial Officer
August 12, 2024 – VAST Data, the AI data platform company, today named Amy Shapero as its first ever Chief Financial Officer (CFO). As the company prepares for its next stage of growth, this strategic …
UAE Central Bank sanctions insurance company for regulatory violations, cites data policy breach
The Central Bank of the UAE (CBUAE) imposed an administrative sanction on an insurance company operating in the UAE. The sanction is pursuant to Article 33 (2) (a) of the Federal Decree-Law No. (48) …
DMCC: Dubai free zone accounts for 15% of FDI, 7% of GDP and targets real estate and AI growth
Dubai free zone DMCC now accounts for 15 per cent of FDI and 7 per cent of DDP in the emirate, according to newly announced key performance results across the first half of 2024. In the first half of …
Dubai’s Parkin Q2 net profit up 7% on higher revenue
Dubai’s Parkin Co., which listed on Dubai’s DFM in March this year following an IPO, posted a Q2 net profit of 95 million dirhams ($26 million), up 7% as revenue rose. The company which operates …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …
Nasdaq Dubai welcomes $500 million Sustainability Sukuk by Kuwait’s Warba Bank
Nasdaq Dubai has welcomed the listing of US$500 million Sustainable trust certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This is the fourth listing under their $2 billion trust certificate …
UAE approves $692m real estate tax refunds
to receiving the refunded amount in the applicant’s bank account.” Statistics from the Federal Tax Authority reveal a notable increase in the number and total value of approved applications since the …
Unprecedented rain in Dubai raises questions
The UAE Central Bank, on the other hand, has confirmed that insurance claims will be provided for damaged homes and vehicles if the party holds a comprehensive insurance policy against loss and damage …
UAE: Central Bank warns insurance firm for deficient policies, procedures
The authority last month revoked the licence of Galaxy Insurance Broker and struck its name off the register after failing to comply with regulatory obligations …
UAE insurer warned for violating norms on personal data collection
A UAE-based insurer has been issued with a warning and sanctioned for violating regulations on the collection of personal data.
UAE insurer warned for violating norms on personal data collection
A UAE-based insurer has been issued with a warning and sanctioned for violating regulations on the collection of personal data.
UAE announces new anti-money laundering and terrorism law
UAE introduces Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations …
UAE forms committee to oversee money-laundering, terror financing
The amendments include the establishment of the National Committee for Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations, to be formed by a Cabinet …