His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that the UAE’s foreign trade has reached a historic milestone, touching AED3 trillion for …
UAE non-oil foreign trade hits record Dh3 trillion on Cepa boost
The UAE’s non-oil foreign trade hit a record Dh3 trillion ($816.7 billion) last year − up 14.6 per cent year-on-year − as the country continues to diversify its economy and forges closer trade ties …
CBUAE, Economic Security Centre of Dubai sign MoU
This aims to achieve the strategic objectives of both parties, bolster confidence in the UAE’s financial system, and consolidate the country’s leading global position …
CBUAE, Economic Security Centre of Dubai sign MoU to enhance partnership in combating financial crime
The Central Bank of the UAE (CBUAE) and the Economic Security Centre of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial …
Four Seasons and RAK Properties unveil plans for new resort in Mina, UAE
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CBUAE and Economic Security Centre of Dubai sign MoU to enhance partnership in combating financial crime
The Central Bank of the UAE (CBUAE) and the Economic Security Center of Dubai today signed a Memorandum of Understanding (MoU) to strengthen cooperation and information sharing in combating financial …
UAE’s Al Fardan Exchange ties up with Visa for enhanced cross-border remittance services
UAE-based remittances company Al Fardan Exchange announced a partnership with Visa for enhanced money transfer services. The company announced the launch of a new cross-border remittance service …
Dubai Duty Free partners with TerraPay
Dubai: TerraPay, a global money movement company, has joined forces with Dubai Duty Free (DDF), the world’s largest single airport retailer, to revolutionize the shopping experi …
United Arab Bank delivers 30% growth in 2024 net profit
United Arab Bank P.J.S.C (UAB) posted a net profit (before tax( of AED331 million for the year 2024, compared to AED 255 million in 2023 representing an increase of 30%. The growth in net profit stems …
Sweid & Sweid secures AED460mln term loan from Arab Bank for Sweid One Development
Sweid One represents an important addition to Dubai’s commercial landscape, and we are pleased to have secured the support of Arab Bank for this project,” said Maher Sweid, Managing Partner at Sweid & …
Dubai Said to Seek Up to $500 Million From Construction Firm IPO
Dubai will seek up to $500 million from the initial public offering of ALEC Engineering & Contracting LLC, according to people familiar with the matter, as the emirate seeks to revive its …
Crypto giant Shiba Inu signs major deal with UAE MoEI to boost Web3 solutions
Multibillion-dollar crypto giant Shiba Inu has announced a historic partnership with the UAE Ministry of Energy and Infrastructure … Shiba Inu now offers decentralised finance (DeFi) features, …
Dubai Duty Free taps TerraPay for digital wallet payments
Dubai Duty Free, operating at Dubai International Airport and Al Maktoum Airport, can now connect to TerraPay’s network.
Veefin Group acquires UAE-based TradeAssets to expand its offerings
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 …
Gulf sovereign wealth funds drive $36bn+ mega-deal boom as UAE, Saudi buck global M&A slowdown
The Gulf region emerged as a dominant force in global mergers and acquisitions in 2024, with sovereign wealth funds from Saudi Arabia and the UAE leading a surge in mega-deals across energy, …
DFCC Bank Honours Sri Lankan Expatriates in UAE for Building a Stronger Nation
The bank’s vision is to continue being a trusted partner for Sri Lankans worldwide by enhancing accessibility, leveraging technology, and expanding our global reach …
UAE and Germany strengthen economic ties with UAE-German Business Forum in Abu Dhabi
UAE-Germany non-oil trade reaches $13.8 billion in 2024, marking a 5.4% increase year-on-year.