The UAE cabinet on Tuesday, May 6, approved a strategy with the goal of developing the Islamic finance industry and also raise the level of exports of halal products worldwide. Sheikh Mohammed bin …
Sheikh Mohammed approves UAE Strategy for Islamic Finance and Halal Industry
Sheikh Mohammed said, “I chaired a Cabinet meeting at Qasr Al Watan in Abu Dhabi, during which we approved the UAE Strategy for Islamic Finance and the Halal Industry. “The goal is to develop the …
UAE aims to boost Islamic bank assets to Dh2.56 billion in six years
The UAE Cabinet on Tuesday set up a strategy for Islamic Finance and the Halal Industry, which aims to increase the assets of the country’s Islamic banks from Dh986 billion to Dh2.56 trillion within …
UAE unveils strategy to more than double value of Islamic banking and boost halal exports
The UAE on Tuesday set out plans to more than double the value of its Islamic banks and increase exports of halal products around the world.Sheikh Mohammed bin Rashid, Vice President, Prime Minister …
Dubai Financial Market and Taiwan Stock Exchange sign MoU to strengthen cross-border financial cooperation
The MoU outlines exploring cooperation on cross-border listings, joint market promotion and knowledge exchange between DFM and TWSE …
DFM introduces AI insights to iVestor to simplify company disclosures and financial reporting
New iVestor capabilities reflect DFM’s ongoing push to make investing more intuitive, digital-first and accessible …
Two Dubai companies fined Dh100,000 each for missing financial disclosure deadline
Two licensed financial firms operating in Dubai have been fined by the Securities and Commodities Authority (SCA) for failing to comply with regulatory reporting obligations. Mondial (Dubai) LLC and …
UAE, GCC IPO pipeline looks healthy; family businesses could tap public market, say experts
The UAE and Gulf Cooperation Council (GCC) initial public offering (IPO) pipeline is looking good with some family-owned businesses potentially going public in the coming years, industry players said …
ADIB wins four awards at MEED’s MENA Banking Excellence Awards 2025
Recognised as the MENA Islamic Retail Bank of the Year, Best SME Bank in the UAE, Best Fintech Collaboration, and for Excellence in Client Services …
Who is Indian-origin billionaire Balvinder Singh Sahni jailed in Dubai for…, court ordered to deport him after…, seize his Rs 3440000000
Once an influential figure in Dubai’s high class society, Sahni is now fighting legal battles and facing penalties.
Who is Balvinder Singh Sahni, the Indian-origin billionaire jailed in Dubai?
Balvinder Singh Sahni, a Dubai-based Indian-origin business tycoon, has been sentenced to five years in prison after being found guilty of financial crimes, including money laundering. Sahni, a …
Jason O’Leary: Making financial advice plain sailing
Middle East team, based in the Dubai International Finance Centre (DIFC). “Navigating the world of financial planning is just like sailing,” …
UAE banks fuel real estate demand surge with lower mortgage rates, extended financing facilities
Some UAE banks are now offering mortgages below 4% and making it easier for buyers to finance homes under 70-30 and 80-20 payment plans …
Who Is Balvinder Singh Sahni, Indian Origin Billionaire Jailed In Dubai For Money Laundering
Dubai-based Indian businessman Balvinder Singh Sahni will be jailed and deported from the United Arab Emirates (UAE) for financial crimes, including money laundering.
Who Is Balvinder Singh Sahni? The Indian Biollionaire Sent To Dubai Jail For 5 Years
Dubai-based Indian businessman Balvinder Singh Sahni was sentenced to five years in jail in Dubai on charges of money laundering. He will be deported from the United Arab Emirates (UAE) after his …
Invest Bank unveils iPlus fixed deposit offer with competitive returns
Sharjah, United Arab Emirates — Invest Bank has announced the launch of its new fixed deposit offer, featuring guaranteed competitive returns of 4.65% for a 1-year term and 5.25% for a 2-year term.
UAE economy resilient despite tapering fiscal surplus
The UAE faces a shifting economic landscape as lower oil prices are expected to reduce its fiscal surplus, yet the nation’s economic outlook remains robust, buoyed by strategic diversification and …