Revolut has 75 million customers globally, and it is set to become a major player in the UAE crypto space after receiving in-principle approval from VARA.
UAE wealth fund ADIA buys shares in Indian steel supplier SG Mart
The Abu Dhabi Investment Authority (ADIA) has acquired shares worth 730 million Indian rupees ($7.6 million) in building materials and steel supplier SG Mart. The UAE sovereign wealth fund picked up …
UAE-based proptech Keyper secures US$11 million Series A led by Austria-based Speedinvest
UAE-based proptech startup Keyper has raised US$11 million in a Series A funding round as it scales its digital residential real estate platform across the UAE.The round was led by Austria-based early …
Nasdaq Dubai welcomes Ajman Bank’s $300 milllion Additional Tier 1 Perpetual Sukuk
DUBAI, 14th July, 2026 (WAM) — Nasdaq Dubai today welcomed the listing of a US$300 million Additional Tier 1 (AT1) Perpetual Sukuk issued by Ajman Bank marking the Bank’s first capital securities …
Dubai Islamic Bank reports AED3.74 billion net profit
DUBAI, 14th July, 2026 (WAM) — Dubai Islamic Bank (DIB) reported net profit after tax of AED3.736 billion for the first half of 2026, compared with AED3.73 billion in the same period last year, while …
SpaceX IPO ignites rally across Asian supply chains
SpaceX’s $75bn IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk’s rocket company that are likely to benefit from the blockbuster deal. Shares of …
Trellen Capital completes first UAE SME financing transaction, expanding access to growth capital
DFSA-regulated Trellen Capital completes its inaugural financing transaction, providing growth capital to a Dubai-based trading and distribution company and reinforcing its commitment to addressing th …
UAE Microfinance Market Report Just Released; Profiles Emirates Microfinance Bank, Dubai Islamic Bank, and 13 Other Key Players
The UAE Microfinance Market thrives on increasing financial inclusion, SME growth, and low-income household loans. Key opportunities are tied to e-commerce expansion and NGO partnerships, which can …
Emirates NBD becomes first regional bank to enable real-time cross-border dollar payments on blockchain
Lender launches instant US dollar settlement through Partior’s blockchain network, with J.P. Morgan acting as settlement bank in the first phase of a wider global rollout.
UAE plans new port to bypass Strait of Hormuz, end Gulf shipping crisis: Report
DP World is planning a new port and container terminal in Fujairah on the UAE’s east coast to bypass the Strait of Hormuz and safeguard trade flows amid recurring disruptions due to the war.
Tabby Cash launches in the UAE: 3% cashback, no fees and free local transfers
Tabby Cash is a fee-free UAE spending account with a cashback card and free local transfers. Here’s the 3% launch offer, the waitlist and what it signals.
Dubai ranks as competitive global hub for affluent lifestyles: Julius Baer report
Optimism among Middle Eastern high-net-worth individuals (HNWIs) remains exceptionally strong: a third reported major wealth accumulation last year, and 43 per cent are expanding their investments and …
ADIB, Dubai DET sign agreement to offer SMEs foundational toolkit for success
ABU DHABI, 13th July, 2026 (WAM) — Abu Dhabi Islamic Bank (ADIB) and Dubai Department of Economy and Tourism (DET) have launched a DET Connect Account under DET’s “SME in a Box” platform to empower …
ECI supports $50mln trade finance facility for Gerald Group with ADCB to accelerate UAE non-oil exports
Etihad Credit Insurance (ECI), the UAE’s federal export credit company, has supported a USD 50 million, three-year trade finance deal for Gerald Metals Sàrl, the Geneva-based subsidiary of Gerald …
UAE, Saudi banks to lead GCC credit growth in 2026, says S&P
Ratings agency says robust capital buffers, healthy liquidity and continued lending growth position UAE ,Saudi banks to maintain stability despite a more challenging global environment.
ASB Capital deepens UAE capital markets presence with JLM role in Dubai Islamic Bank’s USD 1bln AT1 Sukuk issuance
ASB Capital, a purpose-driven asset and wealth management firm with assets under management (AUM) of USD 9.1 billion, acted as Joint Lead Manager and Bookrunner in Dubai Islamic Bank’s (DIB) USD 1 …
Ajman Bank opens new corporate office in Dubai
Ajman Bank has officially opened a new corporate office in Dubai, reinforcing its institutional presence in the UAE’s leading commercial hub and expanding its capacity to serve corporate and …