ABU DHABI – The UAE Ministry of Finance on Wednesday announced the enablement of the UAE Pass digital identity for all its services across systems, in line with the UAE’s efforts to enhance the …
California residential project launched in Dubai
Samana Developers, one of the fastest growing real estate companies in Dubai, has launched a Dhs215 million California residential project. This is the first project in Al Furjan neighbourhood, which …
Dubai strengthens its position as global finance and innovation hub
The Dubai International Financial Centre (DIFC) witnessed exceptional growth in the first half of 2023, with 661 new entities registering during the period in the centre, an impressive double-digit …
Dubai Bank Fined AED 11M for Inadequate Anti-Money Laundering Systems
The Dubai Financial Services Authority (DFSA) on Tuesday for having inadequate anti-money laundering (AML) systems and controls between June 2018 and October 2021. Read More: Two UAE Banks Amongst …
UAE GDP expands 3.8% in Q1 with most sectors achieving growth
The UAE economy grew 3.8 per cent at constant prices in the first quarter with most of the sectors making significant contributions to the country’s growth..
DIFC’s H1 2023 performance strengthens Dubai’s position as global finance and innovation hub
DIFC is home to 632 financially regulated firms. During the first half of 2023, this number surpassed 600 for the first time. The strong inflow of top firms underscores Dubai’s attractiveness as a …
Dubai DFSA slaps $3mln fine on bank for inadequate AML systems
The Dubai Financial Services Authority (DFSA) has slapped a fine of $3.02 million on Mirabaud (Middle East) Limited, for having inadequate anti-money laundering (AML) systems and controls.
Dubai: Bank fined Dh11.1 million for inadequate anti-money laundering systems
The Dubai Financial Services Authority (DFSA) on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank Mirabaud (Middle East) Limited for having inadequate anti-money laundering …
Uae Raises Interest Rate By 25 Basis Points
The Central Bank of the United Arab Emirates (UAE) decided on Wednesday to raise the base interest rate by 25 basis points to 5.40 percent, effectiv …
Binance counters regulatory woes by securing MVP License in Dubai
“We are honored to be the first exchange to be granted an operational Minimum Viable Product License by VARA — a result of over a year of due diligence, collaboration, and consistent demonstration of …
AIM Summit is the Leading Conference on Alternative Investments
With profitability out of the way as a measure of success, AIM Summit measures instead the caliber of the attendees who have joined, with quality valued over quantity. A bigger conference doesn’t …
Citigroup Sees Strong Middle East IPO Pipeline Running Into 2024
Bankers in the Middle East aren’t getting much of a summer break this year, with a number of initial public offerings slated for the fourth quarter and a strong pipeline already building for 2024, …
Emirates NBD Group signs UAE Climate-Responsible Companies Pledge supporting UAE’s Net Zero 2050 Initiative
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has signed the UAE Climate-Responsible Companies Pled …
UAE MoE and Huawei Cloud launch Startup Program under The Entrepreneurial Nation initiative
Huawei Cloud Startup Program will provide up to $150,000 in vouchers and access to Huawei Cloud ecosystem resources for eligible businesses …
UAE minister eyes collective action and finance for sustainable plan
Almheiri highlighted the country’s commitment to addressing climate change and to ensure that 2023 is a milestone moment in climate action as host of COP28.
Dubai Financial Market reports +77% net profit and +31% revenue in H1 2023
DFM remains steadfast in its commitment to deliver sustainable value to all stakeholders. Underpinned by the current positive momentum, DFM is well poised to achieve its strategic goals and strengthen …
Dubai Financial Market reports Dhs112.2m half-year profit, up 77%
Dubai Financial Market (DFM) said its half-year profit surged by 77 per cent from a year earlier, driven by Al Ansari Financial Services’ (Al Ansari Exchange) initial public offering (IPO) and the …