UAE Cyber Security Council says sophisticated cyberattacks targeting the financial sector were contained, with AI-powered threats successfully thwarted …
UAE bank sees strong retail credit demand as UAE economy supports borrowing
Bank says strong economic fundamentals, sustained population growth and rising consumer confidence continue to support demand for retail financing as it unveils a new corporate identity …
UAE tax trap coming up soon that could cost businesses dearly
Businesses in the UAE have been issued a warning over a compliance gap emerging with the country’s new e-invoicing legislation. The voluntary phase of e-invoicing began on Wednesday and confidence is …
Deep Finance Capital Launches as the DIFC’s First AI-Native Asset Management Company
Deep Finance Capital, an asset management and financial services firm regulated by the Dubai Financial Services Authority (DFSA), today announced its launch as the first AI-native asset manager in the …
UAE’s sovereign T-Sukuk initiative receives $121m in subscription orders
H.E. Mohamed bin Hadi Al Hussaini rung the opening bell at Nasdaq Dubai, to mark the public listing of the UAE’s sovereign Retail T-Sukuk programme.
Ministry of Finance announces the official listing of the UAE’s inaugural Sovereign Retail T-Sukuk Programme
Subscription Demand Exceeds Expectations with AED 445 Million in Orders, Achieving a 9x Oversubscription H.E. Mohamed bin Hadi Al Hussaini Rings the Opening Bell at Nasdaq Dubai Dubai, United Arab …
UAE Retail T-Sukuk debut draws AED 445 million in demand, 9 times oversubscribed
UAE’s first Sovereign Retail T-Sukuk lists on Nasdaq Dubai, drawing AED 445 million in demand and 9x oversubscription as the Ministry of Finance doubles inaugural issuance to AED 100 million, boosting …
Tokenisation fuels Dubai’s virtual asset growth, says regulator
Dubai’s virtual assets regulator has fully licensed 50 companies and expects another 20 to become operational in the coming months, as tokenisation powers a new phase of growth in the emirate’s …
KamelPay launches AbsoluteCard to support UAE businesses in streamlining corporate payments
AbsoluteCard brings together a web portal, a mobile app and a corporate card powered by the Mastercard network …
ADCB says banking services in UAE temporarily disrupted by maintenance
Bank says essential maintenance has temporarily disrupted banking services across its network, with technical teams working around the clock to restore operations as quickly as possible while …
Abu Dhabi Commercial Bank ‘working around the clock’ to restore services
Abu Dhabi Commercial Bank is advising customers to monitor its official communications channels for information on when banking services will be restored.
VARA issues 50th VASP licence as Dubai’s regulated virtual assets market continues to grow
Its licensed market now includes firms operating across a range of business models, services and stages of the virtual asset value chain …
UAE tax warning: Businesses face hidden e-invoicing trap ahead of new deadline
Businesses in the UAE have been issued a warning over a compliance gap emerging with the country’s new e-invoicing legislation. The voluntary phase of e-invoicing began on Wednesday and confidence is …
ADCB says banking services temporarily disrupted by maintenance
Bank says essential maintenance has temporarily disrupted banking services across its network, with technical teams working around the clock to restore operations as quickly as possible while …
UAE central bank restrictions may dampen NRI dollar mobilisation
New UAE Central Bank rules are creating hurdles for Indian banks seeking to attract NRI dollar deposits. Restrictions on representative offices, including documentation support and cross-selling, are …
Cover in Dubai, dollars in India, foreign banks are ready to play
Overseas banks are finding a clever way to tap India’s dollar demand without exceeding exposure limits. They’re asking Indian banks to issue guarantees, known as SBLCs, from their Singapore or UAE …
Hamdan bin Mohammed approves AED18 billion in landmark projects to shape Dubai’s future
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of The Executive Council of Dubai, has approved new …