Beijing linking its retail payment networks with Dubai is another step toward yuan internationalisation and reducing US dollar reliance.
UAE gets license-free Nvidia AI chips as Congress probes Trump crypto conflict
UAE AI chip export controls shifted decisively on July 10 when the US Commerce Department elevated the UAE to Country Group A:5 — removing the license review barrier for G42, Nvidia Blackwell …
CBD launches ‘UP by CBD’ mobile bank for UAE small businesses
CBD launches UP by CBD mobile bank for UAE small businesses, offering instant digital account opening, business credit, zero-balance accounts, payroll and licensing integration with Dubai Unified Lice …
Commercial Bank of Dubai launches mobile bank for entrepreneurs
UP by CBD combines digital account opening with business banking services, including instant access to business credit cards, payroll solutions, transfers and savings products through a single mobile …
Dubai Financial Services Authority awarded US$143,000 in legal costs by Financial Markets Tribunal
DFSA awarded US$143,000 in legal costs by Financial Markets Tribunal after Al Ramz Capital challenge, marking first recovery of the regulator’s internal legal costs in FMT proceedings …
UAE Elevator & Escalator Market New Installation Units to Reach 5.47 Thousand by 2031 – Exclusive Insights by Arizton
Arizton’s recent research highlights that the UAE elevator and escalator market by new installations was valued at 4.55 thousand units in 2025 and is expected to reach 5.47 thousand units by 2031, …
Commercial Bank of Dubai (CBD) launches UP By CBD, a new mobile bank redefining banking for micro and small businesses
UP by CBD combines fast mobile account opening with instant access to credit, payroll solutions, transfers, and savings – all within a single mobile app …
Mashreq enhances financial access in the UAE with NEO On Arrival, enabling instant digital banking for all international visitors
Travellers can download the Mashreq NEO app, complete passport-based eKYC verification, activate a virtual account within minutes …
Flying to the UAE? Mashreq now offers a digital banking account for visitors
Mashreq said the service was developed in collaboration with UAE regulators, the Central Bank of the UAE, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Emirates Fac …
India, UAE central banks said to hold talks on FX deposit issues
India and the UAE central banks have discussed regulatory hurdles affecting India’s drive to attract foreign-currency deposits from NRIs in the Gulf. The talks come as Indian banks seek up to $50 …
Dubai’s Emirates NBD becomes first regional bank for real-time blockchain dollar payments
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.
Revolut wins preliminary approval for UAE crypto licence
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 …