Marshall Wace, one of London’s biggest hedge funds, has joined the flurry of global investment firms expanding to the United Arab Emirates capital.
Wio Bank could double retail customer numbers in 2025
The UAE-based digital bank Wio Bank is looking to double its retail customer numbers in 2025 and significantly boost its SME customer base.
The first AED stablecoin receives approval from Central Bank
The first AED (UAE Dirham) stablecoin has been approved by the Central Bank of the UAE and is set to launch soon. In an X post, AE Coin noted that it will be the first local stablecoin to be accepted …
Dubai Securities and Exchange Higher Committee reviews successes as DFM market cap reaches $218bn amid international investor surge
These achievements underscore Dubai’s appeal as a premier market for public listings. Since the establishment of the Higher Committee, the DFM has hosted a total of 10 listings, raising more than …
UAE, Saudi to post strong credit growth in 2025: Fitch
Saudi Arabia and the UAE are expected to post strong credit growth next year on the back of high oil prices, according to Fitch Ratings. The increase will also be supported by continued expansion in …
UAE to impose 15% minimum top-up tax on large multinationals from January
The United Arab Emirates said on Monday it will impose a domestic minimum top-up tax (DMTT) of 15% on large multinational companies operating in the country starting on or after Jan. 1, 2025 as it …
UAE set to roll out 15% tax for global corporate giants
The UAE will impose a minimum top-up tax of 15 per cent on large multinational companies operating in the country from next month …
Al Ahli Bank of Kuwait Wins Three International Business Magazine Awards
Al Ahli Bank of Kuwait (ABK) has been honoured with three prestigious awards from International Business Magazine during a grand ceremony held at Atlantis The Palm, Dubai. The event was attended by …
UAE leads Gulf IPO boom in 2024
Food delivery service Talabat’s $2 billion offering cements Dubai’s position as the top listing hub in the region.
Maktoum bin Mohammed reviews Dubai Securities and Exchange Higher Committee’s 2024 accomplishments, future projects
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Securities and Exchange …
UAE: Ministry of Finance announces amendments to Corporate Tax Law
These amendments include introduction of a Domestic Minimum Top-up Tax (DMTT), and tax incentives to support growth and innovation …
Dubai Ruler Sheikh Mohammed announces new UAE Ministry of Family, government reshuffle
The changes include the establishment of the UAE Ministry of Family and the elevation of the Ministry of Community Development to become the Ministry of Community Empowerment …
Nisus Finance IPO Receives Bumper Subscription Over 192 Times; NIIs Portion Booked 451x On The Last Day
On the final day of bidding on Friday, the public offer was subscribed to more than 192 times across all investor categories, indicating a high level of demand for Nisus Finance Services Limited’s IPO …
SME finance in the Middle East: the shift towards digital solutions
SMEs in the UAE face unique challenges in accessing finance and managing operations. With new digital solutions and tailored services, Mashreq is addressing these needs, aiming to improve the SME …
UAE: Gold reserves at Central Bank cross Dh22 billion mark, grow by over 21% since January
Gold reserves at the UAE’s Central Bank exceeded Dh22.021 billion as of the end of August, rising by about 3.5% month-on-month compared to Dh21.28 billion at the end of July. The bank’s gold reserves …
Aliph Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sanipex Group
Aliph Capital, the first female-founded private equity fund in the Middle East, announced the acquisition of a 25 percent stake in Sanipex Group, a leading lifestyle products supplier in the UAE.
Indian rupee gains slightly against UAE dirham on Friday
The Indian rupee strengthened on Friday, tracking a rise in most regional peers that were boosted by a softer US dollar, while traders await the Reserve Ba..