Five Saudi companies also added to, and three deleted, from the widely followed index after its semi-annual review …
Chinese investment bank CICC opens branch in Dubai’s DIFC
CICC is positioning the new Dubai branch as a two-way investment banking gateway between China and the Gulf region …
Trump strikes ‘historic’ deal with UAE to build biggest AI campus outside US
The United Arab Emirates and the United States have signed an agreement for the Gulf country to build the largest artificial intelligence campus outside the United States, a type of deal that …
Wio Bank PJSC announces new Chairman and Board appointments
These appointments will help to further accelerate Wio Bank’s growth trajectory, whilst ensuring the bank continues to drive long-term value for its stakeholders, and contribute meaningfully to the UA …
US close to letting UAE import millions of Nvidia’s AI chips, sources say
The U.S. has a preliminary agreement with the United Arab Emirates to allow it to import 500,000 of Nvidia’s most advanced AI chips per year, starting in 2025, two sources familiar with the situation …
Perfios Launches an AI-Powered Solution for Mortgage Operational Excellence at Dubai FinTech Summit 2025
Perfios today announced the launch of ‘Switch’, an AI-powered solution for mortgage operational excellence, at Dubai FinTech Summit 2025.
Dubai free zone launches 60-minute business licence service
A free zone in Dubai is offering entrepreneurs an express business licence service to get up and running in one hour. Meydan Free Zone officially launched Fawri, a new service that enables …
Botim officially launches ‘Send Now, Pay Later’ feature to enhance financial flexibility for UAE expats
Astra Tech, the UAE-based consumer technology holding group, has announced the launch of the ‘Send Now, Pay Later’ (SNPL) feature within its Botim Ultra App. This feature enables users to instantly …
HSBC brings iconic lions to the UAE, reaffirming the bank’s long-term commitment to the country and MENAT region
Dubai, UAE: HSBC, the largest international bank in the UAE, has brought its iconic bronze lions – Stephen and Stitt – to its UAE headquarters, marking the first time the bank’s global symbols of …
British banking analyst sentenced to a decade in Saudi prison, apparently over a tweet
A British Bank of America analyst has been sentenced to a decade in a Saudi Arabian prison apparently over a since-deleted social media post.
Dubai FinTech Summit 2025 concludes with high-impact discussions and innovation on Day 2
Event showcases global fintech leadership, breakthrough ideas, and the FinTech World Cup finale as over 9,000 participants drive conversations on the future of finance.
Dubai Holding aims to raise up to $487 million from IPO of residential REIT
Dubai Holding, an investment conglomerate owned by the emirate’s ruler, is seeking to raise up to 1.79 billion dirhams ($487 million) through the initial public offer of its residential real estate …
Maktoum bin Mohammed meets with Minister of Finance of Luxembourg
Sheikh Maktoum bin Mohammed met with Luxembourgs Finance Minister Gilles Roth in Dubai to discuss strengthening cooperation in finance, trade, innovation, and emerging technologies. The two sides …
Dubai: New AI platform to help with financial decision-making, identifying risks
Dubai Finance launched a new virtual platform to support the emirate’s financial department in making decisions for financial legislation and compliance. Powered by agentic artificial intelligence, …
Dubai Residential REIT sets IPO price range, eyes up to Dhs1.79bn raise
Dubai Holding, through its subsidiary DHAM REIT Management, on Monday announced the price range and opened the subscription period for the initial public offering (IPO) of Dubai Residential REIT on …
As Dubai Residential REIT launches its IPO, here is what to know about investing in REITs
The debut of the Dubai Residential REIT, the region’s first listed real estate investment trust focused exclusively on residential leasing, marks a significant moment in the evolution of the UAE’s …
Dubai To Let Residents Pay Gov Fees in Crypto via Crypto.com Partnership
Dubai signed an MoU with Crypto.com to allow citizens to pay government utility bills in crypto. This is part of the city’s cashless and digital …