The Central Bank has imposed a hefty fine on an exchange house after uncovering major violations of anti-money laundering and counter-terrorism financing regulations …
Dubai introduces new law to protect financial whistleblowers
Dubai has introduced new rules to protect the identity and protections for financial whistleblowers in the emirate.
Dubai Holding Expands Residential REIT IPO Amid Surging Investor Demand
Dubai Holding has increased the size of its Dubai Residential REIT initial public offering to 15% of the entity’s capital, up from the previously …
Emirates NBD partners with Appro to revolutionise retail banking onboarding
Dubai, United Arab Emirates – Emirates NBD, a leading banking group in the MENAT region, today announced a partnership with Appro, a fintech platform launched by SC Ventures, to significantly enhance …
Some UAE banks to raise minimum balance requirement from June 1, report says
Several banks operating in the UAE are set to increase the minimum balance requirement to Dh5,000, up from the previous Dh3,000 threshold established under the Central Bank’s personal loan regulations …
Dubai’s state investor ICD posts $14.5bln net profit for FY2024
Investment Corporation of Dubai (ICD), the emirate’s sovereign wealth fund, posted a net profit attributable to the owners of 53.2 billion dirhams ($14.5 billion) for the full-year 2024, compared to …
Emirates Development Bank launches Dhs1bn growth fund to boost UAE SMEs
By supporting high-potential SMEs in line with the UAE’s diversification agenda, EGF aims to enhance industrial capacity, stimulate job creation, and contribute to the country’s economy …
Dubai Holding Ups Reit IPO Size to as Much as $584 Million
Dubai Holding boosted the size of the initial public offering of its residential real estate investment trust, seeking to raise as much as $584 million amid strong demand from domestic and …
DHAM REIT Management announces increase in Dubai Residential REIT’s IPO offering size
Dubai Holding, through its wholly owned subsidiary DHAM REIT Management (Fund Manager), has announced an increase in the offering size of Dubai Residential REIT’s initial public offering (IPO). The …
KGRN and Akshar Consulting join forces to launch ‘NextGen FP&A’ for UAE’s Finance Future
In boardrooms across the UAE, the role of finance is shifting. No longer confined to ledgers and quarterly closes, CFOs are being called to steer strategy, model the future, and deliver insights at …
Finance Minister Asks UAE Banks for More Development Financing
The Ministry of Finance held a series of virtual meetings today with three UAE banks—Sharjah Islamic Bank, Abu Dhabi Islamic Bank, and Ajman …
UAE’s Emirates NBD bank to set up local unit in India after RBI approval
The Reserve Bank of India has given “in-principle” approval to Emirates NBD Bank PJSC to set up a wholly owned unit in India, the central bank said on Monday. Emirates NBD, Dubai’s biggest bank by …
India central bank gives Emirates NBD ‘in-principle’ nod to set up local unit
The Reserve Bank of India has given “in-principle” approval to Emirates NBD Bank PJSC to set up a wholly owned unit in India, the central bank said on Monday. Emirates NBD, Dubai’s biggest bank by …
Dubai-based bank gets in-principle RBI nod to set up India subsidiary: Key things to know
The RBI has decided to grant in-principle approval to the UAE’s Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is Dubai’s government-owned lender. The …
Emirates Development Bank launches AED1bln Emirates Growth Fund to accelerate the growth of UAE-based SMEs
Abu Dhabi, UAE – Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, …
UAE: Emirates Development Bank launches Dh1-billion growth fund to fill SME funding gap
In a major push to bridge the Dh2-billion funding gap for UAE-based small and medium enterprises (SMEs), Emirates Development Bank (EDB) has launched Emirates Growth Fund (EGF) – a Dh1-billion funding …
Dubai Property Market Poses Hidden Risks For Foreign Buyers
DubaiDubai’s booming real estate sector continues to attract global investors with promises of tax-free gains, high r …