Dubai’s residential real estate market maintained its growth trajectory in the first quarter of 2025, recording significant increases in both transaction volumes and values, according to new figures …
UBF’s AGM approves 2025 strategy to further develop banking sector
UAE Banks Federation (UBF) held its Annual General Meeting, under the chairmanship of Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation, and in the presence of members of the Board of Directors …
Dubai Investments plans IPO before year end, says CEO
Dubai Investments is preparing to sell shares in four subsidiaries to the public and may list one of them before the year end, its CEO Khalid bin Kalban has told AGBI. The government-backed company …
Allied Gold launches $80M IPO after nixing UAE investment
Allied Gold (TSX: AAUC, OTCQX: AAUCF) is raising C$80 million through a public offering to fund further engineering and growth initiatives at the Sadiola mine in Mali and its Côte D’Ivoire mine …
Goldman gathers rattled hedge fund tycoons in hunt for Mideast cash
The growing pot of money in the Middle East, which is looking increasingly attractive as US investors brace for recession risks.
UAE Central Bank imposes financial sanction on a bank
The UAE bank failed to comply with the Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies and procedures …
UAE sanctions bank for failing to comply with anti-money laundering policies
The Central Bank of the UAE (CBUAE) has imposed a financial sanction on a bank operating in the country for failing to comply with policies and procedures related to anti-money laundering and …
Central Bank of UAE grants FUZE digital asset payments subsidiary a license
FUZE, a digital asset financial infrastructure provider, which offers global stablecoin payments, fiat payouts and collections, and embedded crypto services, has been granted a payments license from …
Central Bank imposes financial sanction on bank operating in UAE
The CBUAE works to ensure that all banks and their staff, abide by the UAE laws, regulations and standards adopted by the CBUAE …
‘Win for consumer rights’: UAE court rejects bank’s Dh1.3 million claim over missing guarantees
In a landmark decision that sets a powerful legal precedent, the Abu Dhabi Court of Cassation has dismissed a bank’s financial claim against a customer due to the absence of valid guarantees, …
Lulu IPO: UAE retailer to list 25% shares on ADX
In June, UAE-based hospital operator NMC Healthcare also appointed Rothschild as a financial adviser to help explore strategic options for its shareholders, including an IPO. Markets across the …
Villa market outshines as Dubai realty posts big Q1 sales surge
Dubai’s real estate market kicked off 2025 with remarkable vigour, driven by a 65 per cent surge in villa sales transactions and a 56 per cent increase in their value, according to a report by …
Dubai SME reaches huge milestones, reshapes entrepreneurial landscape
The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), part of the Dubai Department of Economy and Tourism …
UAE bank apologises after some customers receive ‘error’ SMS during system upgrade
A UAE bank apologised to its customers on Sunday after some of them received ‘error’ messages that ‘seemed fraudulent’. Taking to social media, a frustrated resident said he received debit messages …
How a TikTok craze for Dubai chocolate sparked a global pistachio crunch
Two years after the chocolate bars hit the market, a TikTok video amassing more than 120 million views created a worldwide craze for the chocolate, turning it into an overnight global sensation.
Dubai’s viral pistachio chocolate sparks global nut shortage and surging prices, triggering retailers to ration and alter recipes
A global craze for pistachio-filled chocolate bars that began in Dubai has reportedly triggered a sharp rise in pistachio prices and led to a worldwide …
UAE: Can residents continue using bank account after visa cancellation?
Question: My husband lost his job recently, and as per the rules, he has 30 days to leave the country. If his work visa is cancelled, can he continue using his bank account? He is currently looking …