Dubai real estate market recorded 620 sales transactions worth AED1.35 billion, in addition to 94 mortgage deals of AED315.42 million, and 33 gift deals amounting to AED97.31 million on Tuesday, data …
No License, No Problem? Dubai’s Virtual Asset Authority Issues Warning To OPNX
Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital …
Dubai Reprimands Three Arrows Capital Founders Over New Exchange OPNX
The founders of collapsed hedge fund Three Arrows Capital (3AC) have found themselves in hot water with Dubai’s crypto regulator over their new project. Kyle Davies and Su Zhu, the co-founders of 3AC, …
Dubai new global hub for hedge funds and alternative investments – Difc Report
Dubai International Financial Center saw a 54% increase in the total number of hedge funds setting up in the center …
Dubai reprimands Three Arrows founders over new crypto project
The action against OPNX is the latest sign of Dubai regulators taking a stricter approach towards crypto. Read more at straitstimes.com.
UAE Core Banking Solutions Market By Sources Analysis, Share, Trends, Size, Forecast From 2023 to 2031
The Latest Reports UAE Core Banking Solutions Market research with many aspects of the enterprise like the market size, market status, market trends, and future insights or futuristic records …
UAE’s Jaber urges donors to deliver on $100bn pledge to developing countries
BERLIN: The UAE’s president-designate of the COP28 climate summit urged donors to deliver on a $100 billion pledge promised 14 years ago to developing countries and blamed delays in delivery for …
Reem Finance records impressive AED 34.1mln net profit in Fiscal Year 2022
Reem Finance embarked discussions with key regulators and strategic partners in the UAE to strengthen our pioneer position in the finance sector.
UAE-based Logistics Giant, DP World Appoints VP of Engineering in a Purple Quarter-led Search
Leading provider of worldwide smart end-to-end supply chain logistics, DP World has onboarded Ex-Amazon Techie, Sangam Reddy as the Vice President of Engineering. Purple Quarter, a Global Bespoke CTO …
HSBC UAE strengthens its senior leadership with new appointments
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Dubai: 2 men convicted of buying, possessing heroin; banned from making any bank transfers for two years
The Misdemeanours Court penalised two Gulf nationals who transferred money to a bank account belonging to a drug dealer to buy heroin and fined them Dh10,0..
Exports to UAE to jump 60% to reach $50 billion by 2027: Commerce Secretary
A lot of the trade between the two countries is taking place via preferential routes using the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Union Commerce Secretary …
Corporate tax to help cut UAE’s fiscal breakeven oil price
Under the corporate tax regime, several businesses in the UAE, excluding small firms that don’t meet the income threshold of Dh375,000 per annum, are expected to pay a corporate tax of 9.0 per cent …
UAE: 3 deadlines that will go into effect for companies, employees next month
Since the start of 2023, several initiatives have gone into effect in the UAE, including new Emiratisation rules and a ban on plastics in Ajman and Umm Al ..
UAE Banks Federation approves strategic plan to boost banking sector
The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026 The UAE Banks Federation (UBF) recently held its annual general meeting (AGM), chaired by Abdulaziz Al …
Arab Bank Group Profits Grow By 30% To $216 Million For The First Quarter Of 2023
Arab Bank Group Profits Grow by 30% to $216 Million for the First Quarter of 2023 . Dubai, UAE, 30th April 2023: Arab Bank Group reported solid results …
UAE leads GCC markets with IPO proceeds of $3.2 billion in first quarter
Issuers in the UAE led the Gulf markets with proceeds of $3.2 billion from three initial public offerings in the first quarter of 2023, more than doubling in value year-on-year, reflecting the …