Partnership aims to provide tailored Sharia-compliant financial solutions to empower SMEs Dubai, UAE – Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution in the UAE, has signed an …
Dubai Financial Expert Programme inaugural cohort welcomes 20 Emirati leaders
Dubai International Financial Centre (DIFC) and the Mohammed bin Rashid Centre for Leadership Development (MBRCLD) announced that 20 Emirati leaders have joined the inaugural cohort of the Dubai …
UAE Banks to Hike Minimum Balance to Dh5,000 from June 1
Several UAE banks are set to increase the required minimum balance in personal accounts from Dh3,000 to Dh5,000, starting June 1. This update will apply to customers who don’t hold a credit card, loan …
Some UAE banks to raise minimum balance requirement from June 1: Report
These banks have stipulated that customers must hold a credit card or personal financing to be exempted from the minimum balance fee of Dh25.
How a Dubai firm vanished overnight with millions, leaving Indian investors in the lurch
Investigations revealed that Sigma-One Capital is not authorised by either the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA).
UAE brands surge 22% to $88.5bn with ADNOC, e& leading transformation
Brand Finance report shows UAE’s top brands gaining global ground through innovation, consolidation, and bold transformation.
UAE: corporate tax exemption to extend to some foreign companies
The idea is ‘to ensure equal tax treatment between local and foreign entities owned by certain exempt entities’ …
Dubai Holding sets IPO price for Dubai Residential REIT at AED 1.10
The final offer price for the Offering of 1,950,000,000 Units in the Dubai Residential REIT IPO has been set at AED 1.10 per Offer Unit, at the top end of the price range, implying a market …
Investors, Including Indians, Lose Millions As Dubai Firm Vanishes Overnight
A UAE-based brokerage firm vanished overnight, taking millions of dirhams from investor funds. Until last month, Gulf First Commercial Brokers had two office spaces in Capital Golden Tower in Dubai’s …
Dubai Holding prices residential REIT IPO, aims to raise $584mln
Dubai Holding is looking to raise 2.14 billion UAE dirhams ($584 million) through its residential REIT IPO, with the price set at AED 1.10 per unit, making it the largest REIT in the GCC. The top the …
Maktoum bin Mohammed issues decision to protect public employees who report financial or administrative violations
In his capacity as Chairman of the Financial Audit Authority, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of …
Bank of Baroda UAE, ISG launch Jaywan Card to strengthen UAE’s sovereign payment infrastructure
In a move to strengthen the UAE’s sovereign payment infrastructure, Bank of Baroda (BoB) UAE has partnered with In-Solutions Global (ISG) to launch Jaywan Cards in the UA.
UAE stands out with a balanced budget amid regional deficits
The UAE, showcasing its economic resilience and strategic diversification, stands out as the only GCC state projected to achieve a balanced budget as other member countries face fiscal challenges in …
Dubai: New decision to protect public employees who report financial or administrative violations
The Decision is issued pursuant to Law No. (4) of 2018 on the establishment of the Financial Audit Authority and its amendments …
UAE Central Bank fines exchange house Dh200m for breaching anti-money laundering rules
An exchange house has been fined Dh200 million ($54.45 million) by the UAE Central Bank for breaching anti-money laundering regulations, as the fight against illegal financial activity continues. The …
UAE slaps Dh200 million fine on exchange house for anti-money laundering law breach
The Central Bank has imposed a hefty fine on an exchange house after uncovering major violations of anti-money laundering and counter-terrorism financing regulations …
Dubai introduces new law to protect financial whistleblowers
Dubai has introduced new rules to protect the identity and protections for financial whistleblowers in the emirate.