The Gulf State United Arab Emirates (UAE) has set a milestone in financial regulation with Federal Law No. 6/2025. Standard & Poor’s (S&P) describes the new law as one of the most significant …
UAE: Business bank accounts can now be opened in Dubai in just 5 days with the unified licence
Dubai has transformed business setup with the Dubai Unified Licence (DUL), cutting the average time to open a business bank account from 65 days to just five. Since 2024, over 3,000 accounts have been …
UAE bank loan growth accelerates as overseas lending strengthens: Report
Fitch Ratings says UAE banks recorded robust loan growth in Q3 2025, fuelled by strong domestic conditions and expanding international operations …
Convertible Bond Boom Delivers Hedge Fund LMR’s Traders 30% Gain
A team of traders specializing in convertible bonds at multistrategy hedge fund LMR Partners is on track for record yearly gains as a surge in issuances and a pickup in corporate actions create a …
Dubai Court Issues Worldwide Freeze of $456 Million Tied to Justin Sun’s Stablecoin Bailout
A judge ordered a freeze of $456 million in assets tied to a stablecoin reserve bailout that reportedly involved Tron founder Justin Sun.
UAE’s ‘digital dirham’ CBDC pilot completes first transaction
The United Arab Emirates’ central bank digital currency pilot has made its first transaction, reportedly completed in under two minutes. The United Arab Emirates has made the first transaction with …
UAE makes history: First ever government transaction using digital Dirham completed in under two minutes
The UAE has completed its first government transaction using the Digital Dirham, marking a historic step in the nation’s financial transformation. Conducted via the mBridge platform in under two …
Dubai cuts business bank account opening time to just 5 days
Launched in 2023, the Dubai Unified Licence provides every business in the emirate — across both mainland and free zones — with a unique, government-verified digital identity …
AI in Dubai: DIFC firms report 166% surge in Generative AI use
DFSA’s 2025 survey finds Generative AI use up 166% in DIFC, with 52% now using AI as Dubai financial sector embraces innovation …
Dubai Unified Licence slashes business bank setup time from 65 to 5 days
Dubai Unified Licence cuts business bank setup time from 65 to 5 days, a 90 per cent reduction that boosts ease of doing business …
UAE tests ‘digital dirham’ with live transaction using mBridge platform
The UAE has completed its first Digital Dirham payment via mBridge, marking a key milestone in its CBDC pilot ahead of the 2025 rollout.
Dubai Unified Licence cuts business bank account opening time by 90%
More than 3,000 new business bank accounts opened through Dubai Unified Licence and more than 134,000 business profiles updated …
UAE completes first Digital Dirham transaction in less than 2 minutes
The UAE government has conducted its first national transaction using the Digital Dirham, the nation’s central bank digital currency (CBCD). The transaction was conducted by the Ministry of Finance …
UAE makes history with first government transaction using Digital Dirham
UAE executes its first government transaction using the Digital Dirham, marking a major step in building national digital economy …
Banks accelerate AI-driven transformation and digital currency adoption to power UAE’s economic growth
The convergence of AI, blockchain, and digital currencies will become the foundation for the next era of financial services, say experts at the two-day Finnovex Middle East 2025 summit, being held in …
New milestone: UAE executes first Digital Dirham transaction in under 2 minutes
Digital Dirham transactions aim to enhance operational efficiency and expedite financial settlements between government entities …
MENA’s $3tn growth forged on steel foundations: Dubai hosts world’s biggest iron summit
Dubai hosts Middle East Iron and Steel 2025 as MENA’s $3tn industrial projects and 4% annual demand growth reshape industry …