today announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within the Dubai International Financial Centre (DIFC). Licensed virtual asset firms …
Dubai firm fined $370,000 for financial service violations
The Dubai Financial Services Authority (DFSA) described FFA Private Bank’s approach towards assessing suspicious trading as “flawed” …
Al Ansari Financial Services announces Dh300 million maiden interim cash dividend
Al Ansari Financial Services PJSC, one of the leading integrated financial services groups in the UAE, on Thursday announced the approval of its first prop..
Dubai debtors who prove inability to pay could avoid imprisonment
Debtors in Dubai civil matters able to prove their inability to meet court-ordered payments are not subject to arrest warrants in most cases, the emirate’s highest judicial body has said. Creditors …
FFA Private Bank (Dubai) fined $370,000 for market abuse identification failures
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UAE considering investment worth $50 billion in India
The United Arab Emirates (UAE) is contemplating an investment of up to $50 billion in India, as part of a larger strategy to capitalize on the world’s fastest-growing major economy …
Middle East alternative asset manager Investcorp Capital sets IPO price range
IPO activity in the Gulf is picking up after the pace slowed from an exceptional 2022. Saudi Arabia and the UAE led new listings that year, raising nearly $22 billion – more than half the total for …
Investcorp Capital sets IPO price range
Nov 2 (Reuters) – Investcorp Capital plc on Thursday set the price range for its initial public offering (IPO) at between 1.90 per share United Arab Emirates dirhams and AED 2.30 per share implying an …
UAE tax for non-residents; Saudi wins FIFA World Cup bid; New fertility law – 5 trending stories to read today
FIVE Holdings will create up to 50 new staff millionaires following its IPO in 2025, the group’s founder Kabir Mulchandani has revealed. In an interview published in Arabian Business, Mulchandani said …
UAE ‘leading the way’ in sustainable finance globally, Minister of Economy says
In the face of heightened geopolitical tensions, climate change concerns, and trade barriers that have raised questions about the future of the global economic order, the UAE has demonstrated …
DIEZ launches $136mln venture capital fund to finance technology startups
Launched in the presence of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund is designed to finance technology startups and supports the economic objectives …
UAE, Jordan sign MOUs worth $6 bln – state news agency
Jordan and the United Arab Emirates signed memoranda of understanding worth $6 billion on Wednesday including investment and development projects, the Emirati state news agency reported.
US Federal Reserve, UAE central bank keep key interest rates unchanged
Shortly after the Fed’s announcement, the UAE Central Bank said it’s keeping its interest rate unchanged. “The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the …
UAE Central Bank Keeps Base Rate Steady
(MENAFN- Khaleej Times) The Central Bank of the UAE announced on Wednesday that it has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 per …
UAE Central Bank follows Fed in keeping interest rates steady
The UAE Central Bank kept its benchmark interest rate steady, mimicking the US Federal Reserve’s move to maintain its policy rate for the third time this year amid a gradual drop in core inflation.
US Federal Reserve, UAE central bank keeps key interest rate unchanged
Shortly after the Fed’s announcement, the UAE Central Bank said it’s keeping its interest rate unchanged. “The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the …
UAE to pump new investments in Egypt: Emirati investment minister
The UAE is poised to inject additional investments in Egypt across various development sectors, said Mohammed Al-Suwaidy, the country’s minister of investment.