A real-estate project in Dubai Investment Park (DIP) was recently marked ‘under cancellation’ after 19 years of its launch, shocking Dubai residents who had invested in the project.Read More: Dubai’s …
2024 in review: The UAE crypto legal chronicles
As crypto assets continue steadily into mainstream finance, policymakers worldwide are stepping up with comprehensive rules. From the United States president-elect pledging a strategic Bitcoin (BTC) …
UAE raises up to $3bn a year through indirect taxes
The UAE generates between AED10bn and AED11bn ($2.72bn and $3bn) annually through indirect taxes, according to Younis Haji Al Khoori, Undersecretary of the Ministry of Finance. It represents a …
Dubai’s RTA awards contract for Metro Blue Line project
Dubai’s Roads and Transport Authority (RTA) has announced the award of a Dh20.5bn ($5.58bn) contract for the Dubai Metro Blue Line project to a consortium of Turkish and Chinese companies. The …
Devexperts to set up an office in Dubai
Devexperts, an Irish capital markets software developer, has announced plans to establish an office in Dubai. The company is making this move to increase its footprint in the MENA region.
Dubai Islamic Bank relaunches ‘DIB XTRA’ for enhanced banking experience
Back due to popular demand, Dubai Islamic Bank recently relaunched the DIB XTRA Salary Transfer Campaign to reward citisens and residents of the UAE who …
Dubai Islamic Bank relaunches ‘DIB XTRA’ Campaign with exceptional rewards and exclusive benefits
Dubai: Back due to popular demand, Dubai Islamic Bank recently relaunched the DIB XTRA Salary Transfer Campaign to reward citizens and residents of the UAE who are looking for an enhanced banking …
Dubai’s Fajr Capital seeks string of deals in 2025 in push to double assets, CEO says
Dubai-based private equity company Fajr Capital is evaluating a string of large ticket deals, from health care and data centres to semiconductors industry, as it looks to boost investment in the Gulf …
UAE: Why property buyers with a mortgage should have term insurance?
As demand for off-plan property in Dubai and the UAE has been growing exponentially, the number of term life insurance buyers is also on the rise …
‘I dream of a home in the UAE’: Indian expat says her long-term financial goals involve real estate
Living in Dubai taught me to enjoy a quality lifestyle without any … I’d tell my younger self to invest early after consulting a financial advisor. Investing in my education and travelling to more …
Moore Capital Offshoot JJJ Joins Hedge Funds Rushing Into Dubai
JJJ Capital Management, a hedge fund started by former Moore Capital Management traders, is expanding to Dubai, joining a cohort of peers setting up offices in the Middle East.
Nasdaq Dubai welcomes $500mln sustainability-linked loan financing bond by Emirates NBD
Dubai – Nasdaq Dubai welcomed the listing of Emirates NBD Bank PJSC’s, USD 500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued under the new International …
UAE’s central bank cuts base rate by 25 bps, statement says
The central bank of the United Arab Emirates cut its base rate applied to the overnight deposit facility by 25 basis points on Wednesday, from 4.65% to 4.40%, effective Dec. 19.
UAE Central Bank lowers interest rates following US Federal Reserve move
The UAE Central Bank reduced its benchmark interest rate by 25 basis points, after the US Federal Reserve’s move on Wednesday to cut rates to stimulate economic activity as inflationary pressures …
Nasdaq Dubai lists ENBD’s $500m sustainability bond
Nasdaq Dubai welcomed the listing of Emirates NBD Bank’s, $500 million Sustainability-Linked Loan Financing Bond (SLLB), the world’s first SLLB issued …
Mideast IPO Momentum Faces Valuation Test After $13 Billion Year
Over in the UAE, Abu Dhabi’s flag carrier Etihad Airways is considering a landmark IPO that could make it the first Gulf hub carrier to go public, while a conglomerate owned by Dubai’s ruler is …
Dubai announces new media laws
Dubai has introduced new laws and media guidelines as it looks to boost the film and gaming industries in the city. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE …