Dubai International Financial Centre (DIFC) has welcomed several prominent wealth and asset management (WAM) firms, bringing the total number of WAM companies in the centre to over 300. This milestone …
UAE central bank selects partners for phase one of digital currency programme
The UAE Central Bank (CBUAE) has launched its digital currency implementation strategy, which forms one of the key initiatives in its programme to digitise the country’s finance sector. In February, …
Hedge Fund Trader Sanjay Shah Loses Cum-Ex Extradition Fight
Sanjay Shah, a hedge-fund trader accused of masterminding a $1.9 billion tax fraud, is set to be extradited from Dubai to Denmark to face criminal charges after losing a long battle to stay in the …
Dubai Financial Services Authority and Brunei Darussalam Central Bank sign MoU
Dubai, UAE: The Dubai Financial Services Authority (DFSA) has signed a Memorandum of Understanding (MoU) with Brunei Darussalam Central Bank to boost information exchange and cooperation between the …
Abu Dhabi’s AD Ports signs $2 bln syndicated bank facility
Abu Dhabi-listed AD Ports Group has signed a $2 billion financing agreement with a syndicate of 13 banks, it said in a bourse statement on Tuesday.
UAE plans long-term economic ties with Israel despite political strains
The United Arab Emirates’ commitment to a long-term strategic relationship with Israel should survive political turbulence, analysts say, after one of the most right-wing governing coalitions in …
UAE: How residents can earn ‘second salary’ every month
With living costs on the rise across the world, having another source of income — or ‘second salary’ — would be a big help for UAE residents’ financial security. Savings remain a major issue …
UAE Residents’ Financial Knowledge Is Expanding – Mid-East.Info
The UAE is the fifth most stock-obsessed country; no other Gulf or Arab nation made the top five
Blue-chip communication stocks drive ADX, as Dubai Financial Market hits one-month high
and giant property Emaar driving the Dubai Financial Market’s best performance in a month. In Abu Dhabi, Index FADGI closed 0.752 % higher at 9,501.150 pts, buoyed by robust trading over telecom firms …
UAE plans long-term economic ties with Israel despite political strains – analysis
The UAE is advancing cooperation with Israel in the finance, energy, security, technology, and water security sectors.
Saudi Arabian auto rental firm Lumi hires banks for planned IPO – sources
Saudi Arabian auto rental firm Lumi has hired Saudi Fransi Capital and EFG Hermes to arrange the sale of 30% of its shares in a planned initial public offering (IPO), two sources told Reuters.
Dubai’s Amanat Holdings launches healthcare division
Amanat Healthcare is to have an expected capacity of over 1,000 operational beds Dubai’s Amanat Holdings launches healthcare division Amanat Healthcare, Amanat Holdings, Bahrain, Dubai, Healthcare, pr …
Exclusive: Russia shifts to Dubai benchmark in Indian oil deal – sources
NEW DELHI, April 3 (Reuters) – Russia’s largest oil producer Rosneft (ROSN.MM) and India’s top refiner Indian Oil Corp (IOC.NS) agreed to use the Asia-focused Dubai oil price benchmark in their latest …
What the UAE’s corporate tax means for SMEs
Many owners of small and medium enterprises (SMEs) often have multiple revenue streams with different legal structures. These entrepreneurs may understand their investments well. However, the …
DFM, Dubai Chamber Of Commerce Launch Comprehensive Programme To Fast-Track Businesses’ Journey To IPO
The Dubai Financial Market (DFM) and Dubai Chamber of Commerce, in partnership with 20 regional and global advi …
Improved Investor Sentiments Continue To Drive UAE Financial Markets
ABU DHABI, 30th March, 2023 (WAM) — Improved investor appetite continued Thursday to drive UAE financial markets. In the UAE capital, Index F …
UAE and Canada eye $3tn wealth fund opportunities
UAE and Canada announce Sovereign Wealth Fund Council UAE and Canada eye $3tn wealth fund opportunities sovereign wealth fund, sovereign wealth funds, UAE Sovereign wealth …