Yemen’s internationally recognized government signed a deal with the Arab Monetary Fund on Sunday, state media said, paving the way for the Saudi-backed administration to receive $1 billion of …
Dubai’s crypto push in spotlight after $32bn FTX collapse
Dubai has positioned itself as a crypto-hub – what does that mean after the collapse of FTX? Dubai’s crypto push in spotlight after $32bn FTX collapse binance, crypto assets, crypto business, Crypto …
FTX Chaos Prompts Reckoning on Dubai’s Embrace of Crypto Giants
Strain May be More Dangerous, Lab Study ShowsChevron to Resume Venezuela Oil Output as US Eases SanctionsAt Nantucket Retreat, Biden Family Weighs Run for Second TermUS Shoppers Kick Off Holiday …
UAE based Fintech Firm Qashio Secures $10M
UAE-headquartered fintech Qashio has raised $10 million in a seed round, “with participation from strategic international and regional investors.
India, UAE central banks discussing trade in rupee, dirham
India’s exports to the UAE rose by 17.6 per cent to about USD 18 billion during April-October this fiscal, according to the commerce ministry’s data.
Massage card scams on the rise in UAE: How cops are clamping down on the menace
Six million massage cards have been seized across Dubai and several gangs have been busted in the emirate and in Sharjah …
Dubai’s week-long real estate transactions reach Dhs15 billion
The real estate and properties transactions valued at Dhs15 billion in total during the week ending 25 November 2022. The sum of transactions was 2,867.
RBI, UAE central bank discuss mechanism to trade in local currencies
The central banks of India and the United Arab Emirates (UAE) are discussing the creation of a mechanism to engage in bilateral trade in local currencies, in order to reduce transaction costs for …
Dubai to be one of the world’s top digital economies, says Sheikh Hamdan
The new phase of the Dubai Metaverse Strategy was approved at the first meeting of the Higher Committee of Future Technology Development and Digital Economy.
UAE increases support for Emiratis salaries in private sector banks
This will contribute to building partnerships and supporting more than 170,000 Emirati beneficiaries in both the private and banking sectors over the next five years.
Dubai Islamic Bank prices $750m inaugural sustainable sukuk
The transaction marked the largest issue size in the international capital markets from a GCC bank since February 2022 …
“We Got Funded!” With An Initial Investment of US$5 Million, Dubai-Based Knuru Capital Commits $30 Million In Funds For Dubai-Based Healthcare Fintech Startup Klaim
With hopes to scale its services across the UAE and introduce new features, Klaim is also looking to move into the B2C market.
“We Got Funded!” Dubai-Based Healthcare Fintech Startup Klaim Set To Receive US$30 Million Funding To Scale Across The Region
With hopes to scale its services across the UAE and introduce new features, Klaim is also looking to move into the B2C market.
Americana’s Landmark Saudi-UAE IPO Draws $105 Billion in Orders
The Middle Eastern operator of KFC and Pizza Hut outlets drew orders worth $105 billion for its initial public offering, raising $1.8 billion for its shareholders in the first-ever dual-listing in …
KFC operator Americana raised $1.8bn in IPO, restaurant giant valued at $6bn
Americana drew orders of $105bn in historic dual-listing KFC operator Americana raised $1.8bn in IPO, restaurant giant valued at $6bn Americana, Americana Group, Americana IPO, Americana Restaurants …
Dubai’s Real Estate Market Continues To Ride High On Strong Investor Confidence By Rizwan Sajan, Founder And Chairman, Danube Group
Increased global uncertainty led to larger financial inflows, contributing to rapid real estate price growth in some segments.” Looking ahead, the report says, the UAE economic outlook remains …
FTX’s Dubai license revoked by VARA crypto regulator
Dubai’s Virtual Assets Regulatory Authority (Vara) has suspended the two-month-old license of FTX Exchange FZE.