The firm has secured an advisory role to Emirates International Investment Company LLC (EIIC) with a US $100 million cornerstone investment in the Lulu IPO. This transaction is EIIC’s second …
ICapital further expands its presence in the Gulf region, one of the world’s fastest-growing wealth markets
iCapital continues to solidify its position in the GCC region by partnering with MPW, offering its leading technology and alternative investment solutions, including private equity, private credit, …
The UAE opens its annual oil-and-gas summit, pledging to increase output even as prices have fallen
ABU DHABI, United Arab Emirates (AP) — The United Arab Emirates opened its annual oil-and-gas summit on Monday with pledges to increase energy output even as global prices have fallen and world …
Dubai houses 6,500 tech millionaires during first half 2024
Dubai, the world’s top magnet for high-net-worth individuals, is home to 6,500 technology millionaires as of June 2024, the second highest in the Middle East, according to new data.“This number is …
Dubai issues new mortgage law to regulate sector
The new law is basically covering the mortage procedures in Dubai … All property purchases happening off plan for example and all financing must be registered at the land department,’ said Ghalita.
UBA announces new branch in UAE after massive profit
UBA Plc, has begun expanding its operations in the Middle East with the goal of establishing a subsidiary in Saudi Arabia, the largest economy in the area.
Ministry of Finance commemorates Flag Day, celebrating national loyalty and unity
Reaffirming their commitment to the nation and its leadership under President His Highness Sheikh Mohamed bin Zayed Al Nahyan …
Some UAE expats lose savings, get travel ban after falling for immigration scams
Sam Bayat, a seasoned attorney and founder of the Dubai-based Bayat Group, a law firm established in 1993, shared a case where an immigration consultant in Karama printed fake bank statements for …
CEO’s post comparing Singapore & Dubai goes viral
He called Singapore “The billionaire’s hub (in flip-flops)” while dubbing Dubai “The tax-free oasis (in Lamborghinis).” …
Bank of Baroda UAE and Meydan Free Zone sign deal to boost support for SMEs
Bank of Baroda UAE has signed a memorandum of understanding (MoU) with Meydan Free Zone, one of the world’s largest digital free zones for business setup s..
Dubai Financial Market Reports Strong Performance with 60% Increase in Net Profit (pre-tax)
Dubai Financial Market (DFM) today announced its consolidated financial results for the first nine months of 2024. Net profit, before tax, rose to AED 298.7 million, marking a significant 60% increase …
UAE’s non-oil sector drives Islamic finance expansion: S&P
The country’s insurance sector, both conventional and Islamic, is projected to expand by 15 to 20 percent, driven by economic performance and infrastructure projects …
‘No finance, no action’: UAE urges Cop29 decision-makers to up their climate ambitions
The UAE wants to see no let-up in global climate ambitions at Cop29, a senior official has said, as leaders, government officials and environmental activists from around the world prepare to meet for …
UAE’s strong non-oil economy fuels Islamic finance growth: S&P
S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy.
UAE’s strong non-oil economy fuels Islamic finance growth
S&P Global Ratings expects strong growth in the UAE’s Islamic finance sector to continue over the coming period, supported by the strong performance of the non-oil economy. According to the agency, …
Dubai announces new financial misconduct laws with travel bans and asset freezing for offenders
Minor violations can be dismissed with disciplinary actions instead of prosecution. If a criminal offence is confirmed, the case must be referred to the Dubai Public Prosecution. Travel bans and asset …
Inside Dubai’s risky bid to become the world’s crypto hub
With a new digital assets regulator and companies like Binance, Dubai is hoping to win over blockchain business.