Managers to keep an eye on this coming year include an OpenAI-connected launch, big-name Tiger Cubs, growing multistrategy firms, and aging quants.
Al Ahli Bank of Kuwait Signs Agreement with Dubai Land Department as an Escrow Account Trustee
KUWAIT CITY, Dec 29: The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), has appointed Al Ahli Bank of Kuwait (ABK-UAE) as an escrow account trustee, making it …
Dubai dismantles two major money laundering networks for smuggling funds worth Dhs641m
Staff Reporter Dubai authorities, in collaboration with key federal authorities, have successfully broken up two major international …
Dubai authorities crack down on Dhs641m money-laundering networks
The operations involved entities, including Dubai Police’s Anti-Money Laundering Unit, the UAE Financial Intelligence Unit and, Dubai Customs …
Dubai authorities bust two major international money laundering networks
Total value of crimes worth over $223 million; An Emirati and 53 foreign nationals produced in court for money laundering, and forgery of documents …
UAE: EGA finances US acquisition with green loan facility
The green loan facility enables access to a larger liquidity pool to fund low-carbon projects while optimising the cost of borrowing …
Dubai Finance, PwC Academy sign deal to launch Tax Professional Certificate
DUBAI – Dubai Finance (DOF) and PwC Academy, the talent and skills development business of PwC Middle East, one of the global Big Four consulting firms, have entered a strategic partnership by signing …
Hamdan bin Mohammed issues Resolution pertaining to foreign banks operating in Dubai
The Resolution, which specifies administrative violations and applicable fines for foreign banks, aims to enhance compliance among banking sector institutions …
Talabat Stumbles Despite UAE’s Top 2024 Listing
The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat sold more than 4.65 billion shares at AED1.60 ($0.44) per share. The sale of …
Hamdan issues resolution pertaining to foreign banks operating in Dubai
In his capacity as Chairman of The Executive Council of Dubai, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and Deputy …
Global Rules, Local Impact: UAE Aligns With OECD
The OECD framework aims to clamp down on tax avoidance. The OECD regulations known as the Global Anti-Base Erosion Rules or GLoBE, has seen over 135 jurisdictions agree to update elements of the …
Dubai Finance, PwC Academy sign MoU to launch Tax Professional Certificate
Dubai Finance (DOF) and PwC Academy, the talent and skills development business of PwC Middle East, one of the global Big Four consulting firms, have entered a strategic partnership by signing a …
Mubadala buys majority stakes in two UAE healthcare firms
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Dubai Villas Pricing & Terms: Are You Eligible to Buy a Villa in Dubai?
Dubai’s luxury real estate market is a magnet for expats and investors seeking opulent homes and lucrative opportunities. Among the most coveted properties are Dubai villas, renowned for their …
Hedge Funds Expand Into Dubai As Moore Capital Spin-Off JJJ Enters Market
Dubai JJJ, a new hedge fund established by former Moore Capital executives, has made a significant move into Dubai’s thriving financial market, joining a growing list of hedge funds that are …
Emirates Islamic wins ‘Best Islamic Bank for SMEs’ and ‘Best Bond Issue of the Year’ at MEA Finance Awards 2024
The bank was recognised as ‘ Best Islamic Bank for SMEs ’ for its strong proposition for small and medium enterprises …
Dubai outperforms other Gulf markets in early trade
Dubai’s benchmark share index jumped to its highest level in more than a decade on Thursday, lifted by real estate and industrial stocks, while most other markets in the Gulf also gained amid stronger …