Emirates NBD is phasing out SMS and email OTPs, transitioning to app-based verification through its ENBD X mobile app starting November 1, 2025. This Central Bank-mandated shift aims to significantly …
Denmark’s Tax Authority Loses Landmark Cum-Ex Case
The Danish Tax Authority, SKAT, faced a legal setback losing a £1.44 billion lawsuit against Sanjay Shah’s hedge fund over cum-ex tax fraud claims. The London court ruled SKAT had inadequate controls …
Emirates, flydubai and Dubai Finance partner to accelerate ‘Dubai Cashless strategy’
Dubai, UAE: Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote ‘Dubai Cashless Strategy’ among …
UAE strengthens leadership as global hub for sustainable finance: Moody’s
Innovation in the UAE now extends to low-carbon steel, low-emission cement, and energy- and water-efficient data centres …
Malayali business tycoon M A Yusuff Ali named most influential expat in the UAE
Proud moment for Kerala! Malayali business tycoon M A Yusuff Ali has been named the most influential expat in the UAE by Finance World. From humble beginnings to global success — a true inspiration.
UAE bank to replace OTP with app verification for online transaction approvals
Emirates NBD stated the change will apply to all types of local and international financial transfers and online transactions …
BlackRock’s Bitcoin ETF overtakes Deribit, proving ‘ETFs are no joke’
BlackRock’s iShares Bitcoin Trust exchange-traded funds (ETFs) (NASDAQ: IBIT) have leapfrogged Deribit, the top crypto-native derivatives exchange, to become the largest venue for Bitcoin options by …
Emirates, flydubai, Dubai Finance partner to accelerate ‘Dubai Cashless strategy’
Emirates and flydubai have signed two Memoranda of Understanding (MoUs) with Dubai Finance (DOF) to advance digital payment initiatives and promote …
Turkish, UAE central banks ink swap, cooperation deals to deepen financial, economic cooperation
The central banks of Türkiye and the United Arab Emirates signed three agreements including a swap deal on Thursday to deepen financial cooperation and enhance trade and economic ties between the two …
UAE, Turkey central banks sign $4.9-billion currency swap deal
Turkish and UAE central banks sign $4.90 billion currency swap agreement to boost local currency liquidity and cross-border transactions.
Emirates Islamic pioneers fully digital supply chain finance solution ‘Islamic smartSCF’ in the UAE
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched a first-of-its-kind fully digital, Shariah-compliant supply chain finance solution named …
ABK Capital DIFC Partners with LGT Bank (Switzerland) Ltd. to expand regional investment offerings
Strategic alliance with Swiss private banking giant LGT Bank boosts ABK Capital DIFC’s global investment capabilities.
Hedge Fund Davidson Kempner Said to Buy Bad Debt from UAE Bank
Davidson Kempner Capital Management LP has acquired about $1.4 billion in bad debt from Abu Dhabi Commercial Bank PJSC, people familiar with the matter said, the second such transaction between the US …
ALEC IPO raises $381m after 21x oversubscription in UAE’s biggest construction listing
ALEC’s IPO on the DFM raised $381m with demand topping $8.1bn, marking the UAE’s biggest-ever construction listing by size and value …
UAE’s ALEC raises Dh1.4bn ($381m) in 21 times oversubscribed IPO
ALEC Holdings, the UAE construction and engineering group, raised Dh1.4bn ($381m) in the largest IPO in the Gulf since June. JP Morgan and Emirates NBD are global coordinators on the offering. Abu …
Dubai at the Centre of Global Finance: Forex Expo 2025 Redefines the Trading Landscape
With the countdown on, Forex Expo Dubai 2025 will open its doors next week on 6–7 October at Dubai World Trade Centre.
ALEC IPO raises $381mn after 21x oversubscription, UAE’s biggest-ever construction listing
ALEC Holdings secures $381 million in oversubscribed IPO, marking UAE’s largest construction market debut in history. ALEC IPO raises $381mn after 21x oversubscription, UAE’s biggest-ever construction …