Dubai a city that dazzles with its skyscrapers and luxury lifestyle offers an equally impressive seascape best explored through the exquisite services of Xclusive Yachts This article navigates through …
Industry Leaders At Dubai Future Forum Urge Massive Shift In Finance, Tech To ‘Transform Humanity’
Leading industry experts in finance, telecommunications, technology, and demographic research called for a radical shift in their sectors to transform“ineffective” frameworks guiding nations, …
Net zero asset manager HYCAP Group expands to UAE
At a private event during Abu Dhabi Finance Week, HYCAP Group also revealed plans for a UAE-based GCC Fund that will invest in companies serving the net zero energy transition and clean hydrogen …
Dubai Taxi Company increases shares allocated to retail investors in its initial public offering
Dubai Taxi Company on Tuesday announced an increase in the number of shares offered in the UAE retail offer of its initial public offering in response to significant oversubscription of the UAE retail …
Dubai Taxi Company PJSC announces increase in the number of shares allocated to retail investors in its IPO
UAE Retail Offer increased to 74,970,000 ordinary shares from 62,475,000 ordinary shares, equivalent to 12% of the total Offer Shares up from the previously announced 10% of Offer Shares, due to signi …
United Arab Bank launches its first green sustainable finance products ahead of COP28
As part of its strategy to support the UAE government’s initiatives on climate change, United Arab Bank (UAB) has launched Green Sustainable Finance products ahead of COP28 conference in Dubai on …
Multiple new hedge funds establish in DIFC
Just in the last three months alone, many additional globally renowned hedge funds have been authorised by the DFSA …
Multiple New Hedge Funds Establish In DIFC, Reconfirming Dubai’s Position As A Top Global Hub For Industry
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today co …
UAE Central Bank renews $4.9bn currency swap deal with China
The UAE Central Bank and the People’s Bank of China signed an agreement in Hong Kong to renew their bilateral currency swap agreement for five years, to boost financial and economic ties. The size of …
Largest US bank expands UAE presence
JP Morgan, the largest US bank, is planning to expand its presence in the UAE by offering deposit-taking and payment-processing services to wholesale banking clients from the Abu Dhabi Global Market …
Dubai hedge fund boom as international firms flock to city
Dubai is becoming a hub for hedge funds as asset managers head to the city. Dubai International Financial Centre (DIFC) has confirmed that unprecedented numbers of hedge funds continue to set up in …
USD40bln in retail investor capital could be mobilised to combat climate change in the UAE
93% of investors in the UAE are interested in climate investing Making a positive impact and personal values are the top investor motivations Dubai: Standard Chartered’s latest Sustainable Banking …
Bongbong Marcos flying to Tokyo and Dubai in December
President Ferdinand “Bongbong” Marcos Jr. is headed to United Arab Emirates (UAE) and Japan in December. He is expected to sign the 2024 national budget before his trip to Tokyo. During a Palace …
Moving to Dubai in 2024: A checklist
Moving to a new nation is an exciting but complex undertaking and since you intend to move to Dubai in 2024 careful preparation will be essential to a smooth transition …
British man in Dubai jail cell ‘until he dies’ makes plea to King
He was eventually sentenced to 10 years in prison for fraud, accused of breaking the terms of a £372 million loan received from the Dubai Islamic Bank. When he was due for release, the UAE authorities …
UPDATE 1-JPMorgan to expand payments, corporate banking services in Abu Dhabi
(Adds background in paragraphs 2, 5 and 6; Dimon’s comments in paragraph 4) Nov 27 (Reuters) – JPMorgan said on Monday it is expanding its payments and corporate banking businesses in Abu Dhabi, the …
UAE invests over Dhs183.5 billion in renewable energy projects
Emirates Development Bank (EDB), the key financial engine of UAE economic development and industrial advancement, has committed up to Dhs1.3 billion ($350 million) to support the Energy Transition …