Arif Naqvi was fined last January, the Financial Markets Tribunal issued a decision which upheld the DFSA’s findings Arif Naqvi hit with $135mn fine, Dubai financial watchdog’s biggest ever Abraaj …
National Bank of Fujairah introduces CVVkey to tackle online card fraud
In a nationwide first, National Bank of Fujairah (NBF) has today announced the introduction of CVVkey™, a proven solution to online card fraud that can be used across all credit and debit cards issued …
UAE Business Activity Stumbles With Slower Output, Jobs Growth
(Bloomberg) — Business conditions in the United Arab Emirates ended last year with the weakest improvement in 11 months as waning demand prompted slower increases in output, new orders and employment …
British hedge fund boss accused of £1.7BILLION fraud in Denmark will be extradited to face charges after Dubai’s Court of Appeal overturned its original decision
A Dubai court has authorised the extradition of a British man who is wanted over an alleged 1.7 billion euro tax fraud in Denmark. Hedge fund trader Sanjay Shah was arrested in Dubai in June …
UAE, Saudi stock markets open 2023 account in green
Abu Dhabi’s main stock index advanced 0.41 percent, while Saudi Stock Exchange’s main index ended trading higher on Monday, gaining 31.67 points UAE, Saudi stock markets open 2023 account in green Abu …
Flat6Labs, Wio Bank ink MoU to enhance SME-centric banking services in Abu Dhabi
In addition to banking services, Wio Bank will provide experts and mentors to support startups in Flat6Labs Ignite’s programme.
Mohammed announces top priorities for UAE in first Cabinet meeting of 2023
We reviewed the outcomes of 2022, where the Cabinet has approved and developed more than 900 decisions, 22 government policies, 68 federal laws, 113 national regulations and 71 international …
Dubai Suspends Alcohol Tax as Regional Competition Heats Up
Lower-cost liquor could help the emirate keep its edge over neighbors like Saudi Arabia and Qatar as the Middle East’s hub for leisure and business.
Mohammed chairs Cabinet meeting, sets priorities for UAE in 2023
We reviewed the outcomes of 2022, where the Cabinet has approved and developed more than 900 decisions, 22 government policies, 68 federal laws, 113 national regulations and 71 international …
Wio Bank partners with FAB to facilitate cash and cheque deposits
Wio Bank, the region’s first platform bank, is partnering with First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest..
Dubai’s DFSA welcomes ex-PayPal, ex-Visa Rupert Keeley to board of directors
“We are delighted that Rupert Keeley has joined the DFSA Board. He brings a wealth of global expertise and knowledge in the banking and payments sector, which will be incredibly valuable to the DFSA …
Dubai: Maktoum bin Mohammed appoints Rupert Keeley to DFSA’s Board of Directors
He has over 40 years of international experiences in financial services in companies such as PayPal, Visa Inc., and Standard Chartered …
‘Party capital’ Dubai scraps 30% alcohol tax
It will also stop charging for personal alcohol licenses – something anyone who intends to drink needs to carry.
National Bonds, Lulu Exchange Sign Strategic Agreement to Boost Savings Culture in UAE
National Bonds, the UAE’s leading Shari’a-compliant savings and investment company owned by the Investment Corporation of Dubai, has partnered with Lulu …
Dubai scraps 30% tax on alcohol sales amid economic rebound
Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said on social media.
Saudi Arabia’s Dar Al Arkan to proceed with Dubai unit IPO on London exchange in Q1 2023
Provided by The National Dar Al Arkan’s international projects include W Residences in Downtown Dubai. Photo: Dar Al Arkan . Saudi Arabia’s biggest property developer Dar Al Ar …
UAE leads Arab world in exports of manufacturing products
The UAE’s manufacturing industry exports account for 43.9 per cent of overall Arab exports of manufacture, owing to strong growth in the field of re-exports …