According to a report by Kamco Invest, the DFM General Index rose 3.3 per cent in May, closing at 5,480.5 points — ranking second among GCC peers. This brought its year-to-date gain to 6.2 per cent.
UAE participates in Ministerial Meeting of GCC Financial and Economic Cooperation Committee
The UAE has taken part in the 123rd Ministerial Meeting of the Gulf Cooperation Council (GCC) Financial and Economic Cooperation Committee, held today in Kuwait, bringing together the Ministers of …
New Fatwa initiative ushers in new era for $5 trillion Islamic finance
Announced on May 29 in Dubai, the development promises to reshape the fast-growing Islamic finance sector, blending time-honoured ethical principles with cutting-edge technology …
Lord Mayor of London expects UK-UAE economic and investment ties to strengthen further
Alastair King, the Lord Mayor of London, is expecting economic relations between the UK and the UAE to strengthen further, with a focus on co-operation and investments in important industrial and …
72% of UAE banking customers prefer mobile apps: ADL survey
A new survey by Arthur D. Little (ADL) with 24 UAE banks, revealed that customers are increasingly demanding seamless, omnichannel banking experiences, …
UAE’s biggest bank FAB seeks to raise $480 mln from secondary offering
First Abu Dhabi Bank (FAB) , the UAE’s biggest bank by assets, is looking to raise around $480 million from a secondary share sale, the bookrunner for the deal said on Friday.
SWIFT User Group’s AGM supports digital transformation, enhancing UAE’s position as financial & trade hub
During the meeting, members approved the minutes of the 2024 Annual General Meeting and the audited financial statements for 2024 …
‘Ethraa’ Career Fair wraps up in Dubai with strong Emirati participation
The 8th edition of the Ethraa Career Fair concluded in Dubai, recording strong participation from Emirati talents and a wide range of employers in the financial sector.Organised by the Emirates …
UAE finfluencer licensing brings ‘long overdue accountability’ to social media investment advice, experts say
The UAE’s ‘finfluencer’ licensing system combats social media investment scams, with groundbreaking rules requiring anyone with just 1,000 followers who gives financial advice to register with regulat …
United Arab Bank Partners with Emirates Face Recognition to Launch Facial Authentication for Mobile Banking
United Arab Bank (UAB) has entered into a strategic partnership with Emirates Face Recognition (EFR) to integrate facial recognition technology into its mobile banking platform. The agreement, signed …
IndusInd Bank gets promoter backing amid financial recovery
The lender reported a profit of $309.5 million for the fiscal year 2025, a 70% decline from the previous year’s $1.07 billion, primarily due to a $235 million hit from accounting irregularities …
How this Chinese expat found financial freedom after moving to UAE
Sarah Dong shares her divine relationship with money, emphasizing respect and growth in Dubai’s thriving economy. Chinese expat Sarah Dong on why her relationship with money …
CODE81 and Commercial Bank of Dubai sign strategic MoU to accelerate digital transformation through advanced data analytics
The collaboration addresses one of the most pressing challenges faced by large financial institutions: managing and leveraging complex data assets effectively. Under the MoU, CODE81 will support CBD …
The UAE has shown me the power of financial stability, says Chinese expat Sarah Dong
Sarah Dong, managing partner of CEO Clubs UAE, has called Dubai home for nearly 18 years. For the Chinese expatriate, money isn’t just a means to an end — it’s “divine”, a relationship she likens to a …
Dubai completes first tokenized real estate DAMAC property round in 24 hours
Dubai’s Prypco Mint reported that it fully funded the first tokenized property in less than 24 hours with 224 investors from over 40 nationalities in less than 24 hours. The announcement came after …
Sharjah Islamic Bank strengthens global standing with successful pricing of $500mln perpetual sukuk
With a reset spread of 195.6 bps, the issuance also marks a reduction in the Spread achieved in 2019 by 125.7 bps …
UAE central bank slaps $27.8mn fine on exchange house
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED100 million on an exchange house following failures in anti-money laundering controls.