UAE, and in particular Dubai, have become key destinations for global millionaires post-COVID, says bank’s top official …
Kuwait Finance House to sell all its stake in Sharjah Islamic Bank
Image Credit: Gulf News Archive Dubai: The Kuwait Finance House is selling its entire stake in Sharjah Islamic Bank, equating to 18.18 per cent. This will mean offloading 588.3 million shares in the …
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …
Bank of Singapore sees Middle East accounting for a fifth of assets over 3 to 5 years
Bank of Singapore aims to grow its business in the Middle East with the region contributing up to 20% of its overall revenue and private banking assets over the next three to five years from around 10 …
Bank of Singapore sees 20% asset growth in Middle East within 5 years
Bank of Singapore aims to grow its business in the Middle East, with the region contributing up to 20 per cent of its overall revenue and private banking assets over the next three to five years from …
Finance Minister vows to esure to economic stability
Finance Minister Senator Muhammad Aurangzeb has reaffirmed government’s dedication to maintaining a stable macroeconomic environment and facilitating foreign investment. He was virtually meeting with …
Invest Bank partners with Network International to enhance its digital payments offering
DUBAI: Network International, a digital payments company, and Sharjah-based Invest Bank have joined hands to extend Network’s digital payment services to the bank’s corporate customers. The …
Why Tether’s UAE move could mean breakthrough moment for stablecoin
Tether’s announcement that it plans to launch a dirham-pegged stablecoin in the UAE shows confidence in the country’s cryptocurrency regulatory landscape, which can serve as a model for other …
Dubai Firms Channel $1.4 Billion into China Market
Dubai-based firms have significantly expanded their footprint in China with investments totaling $1.4 billion from 2015 to 2023. This substantial financial commitment underscores the growing economic …
Aurangzeb invites Dubai Islami Bank to enhance investments
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Thursday invited the Dubai Islamic Bank to enhance its …
Magellan Capital to Launch $700 Million Hedge Fund in Dubai
Dubai-based Magellan Capital Holdings Ltd. will launch a $700 million multistrategy hedge fund next month, marking one of the largest debuts in the UAE. The fund, which will focus on equity and credit …
Emirates Development Bank launches students entrepreneurship bootcamp
“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …
Emirates Development Bank launches students entrepreneurship bootcamp
“The Students Entrepreneurship Bootcamp reflects our commitment to empowering the next generation of Emirati entrepreneurs through quality training, fostering local talent, and promoting innovation,” …
The UAE Unveils Its First Central-Bank Licensed Crypto – A Tether Dirham-Pegged Stablecoin
The world’s largest stablecoin provider, Tether (behind $USDT), is launching a new coin pegged to the AED. As the first-ever cryptocurrency licensed under the UAE Central Banks …
Phoenix Group, Tether to launch UAE dirham-pegged stablecoin
Abu Dhabi’s Phoenix Group has partnered with cryptocurrency firm Tether to launch a stablecoin pegged to the UAE dirham to tap into the growing demand for the Gulf currency while offering alternatives …
Central Bank of the UAE revokes licence of Muthoot Exchange
The revocation results from the findings of an examination conducted by the CBUAE, which revealed that the Muthoot Exchange failed to maintain its paid up capital and equity to the level required by t …
How a UAE entrepreneur nearly lost $250,000 to fraud in a fundraising round
Christiana Maxion, founder of matchmaking app Maxion, was thrilled to be on the verge of closing a new round of funding in April, only to discover it was a scam. It left her $12,000 out of pocket and …