Dubai’s appeal to millionaires reaches beyond tax considerations to include factors such as the weather, lifestyle, and business opportunities in emerging markets …
UAE’s central bank maintains base rate at 4.40%
The Central Bank of the UAE (CBUAE) thas announced its decision to maintain the base rate applicable to its overnight deposit facility (ODF) at 4.40 per cent. This move follows the US Federal …
UAE borrowing costs to remain steady as Central Bank holds rates
The Central Bank’s decision followed the move by the US Federal Reserve, which maintained its target range for the federal funds rate at 4.25 to 4.5 per cent.
UAE: Startup founded by expat raises $93 million fund for cross-border digital payments
A cross-border digital payments startup, founded by an Indian expat who grew up in Abu Dhabi, has raised $93 million from investors and is now “trying to build a verticalised (focused on a specific …
Saudi Low-Cost Carrier Flynas Launches IPO, But Israel-Iran Conflict Weighs on Market
Flynas, Saudi Arabia’s budget carrier, saw its shares swing between gains and losses on its Riyadh debut Wednesday.
How digital lending beyond banks is rewriting the rules of financial inclusion in the UAE
More than 90 per cent of all businesses in the UAE are small and medium-sized enterprises (SMEs), yet they account for over half of the country’s GDP. Ironically, only about 4 per cent of all …
The DFSA joins United Arab Emirates’ authorities in launching consultation on Principles for Climate Transition Planning
The draft Principles are designed to help financial institutions develop credible, transparent, and effective climate transition plans. These plans are forward-looking strategies that align an …
Galadari Sports, Emirates NBD ink new green term loan facility for community sports complex in Dubai
The state-of-the-art facility will be built to the strict rules and parameters of Dubai Municipality’s Sa’fat Gold certification for green buildings …
Urban Company swings to profit ahead of IPO, trims issue size amid market recalibration
Backed by Prosus and Tiger Global, the home services platform has reported a ₹239.8 crore profit for FY25 on strong domestic growth, tax credits, and improved efficiency.
UAE, Saudi Arabia likely to be reclassified as developed markets
While oil price fluctuations can strain public finances in many emerging markets, GCC nations such as the UAE benefit from robust fiscal buffers and active debt management strategies.
Al Habtoor Group considers IPO for hospitality division
Emirati businessman Khalaf Al Habtoor has revealed plans to list the hospitality arm of his family conglomerate on the Dubai Financial Market. “We are not in need of recognition or to prove our …
Emirates Islamic wins top honours at the Euromoney Islamic Finance Awards 2025
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been honoured with top distinctions at the Euromoney Islamic Finance Awards 2025, a distinguished recognition …
UAE Central Bank imposes Dh10 million fine on Sundus Exchange, cancels licence
The Central Bank of the UAE (CBUAE) has revoked the licence of Sundus Exchange operating in the UAE, struck its name off the licences register and imposed a financial sanction of Dh10 million, …
350 units sold in a single day: From private banking to billion-dirham real estate transactions
M Rafik, founder of 18 Bricks, is setting a new benchmark in Dubai’s real estate sector by combining financial acumen with strategic execution. With a background in private banking and a focus on …
UAE GPSSA waives pension penalties for 1,906 small private employers
The GPSSA designed the initiative to support small private sector businesses, which contribute to job creation and economic diversification within the UAE …
Fake Discount Links Used in Dubai Scam to Steal Bank Details
Dubai Police have arrested five men involved in a phishing scam that used fake promotional links pretending to offer big discounts from well-known restaurants and delivery services.Read More: How to …
UAE banks struggle with employee digital readiness despite leading GCC innovation: Report
The findings show that 72 per cent of UAE employees operate in mobile-first environments, reflecting the country’s digital infrastructure …