The main index of Dubai Financial Market (DFM) showed a positive performance on Tuesday after rising by 27.40 (0.61%) to 4,434.06 points. The trading value hit AED 320.96 million through the exchange …
UAE seizes $639m of assets for money-laundering violations
In 2023, the UAE imposed fines exceeding AED254m ($69m) related to money laundering and seized assets valued at more than AED2.348bn ($639m) for violations of anti-money laundering practices and …
Dubai: Arcapita and Dgpays Consortium Acquires Majority Stake in NEOPAY from Mashreq
The transaction implies an approximate enterprise value for NEOPAY of $385 million, and the closing is subject to necessary regulatory approvals …
A debut AED 500mln syndicated loan is arranged and coordinated by Mashreq for the Trade and Development Bank
Ebene/Dubai – A landmark AED 500 million syndicated loan was concluded for the Eastern and Southern African Trade and Development Bank by Mashreq, a leading financial institution in the MENA region.
UAE committed to combating financial crimes, preserving integrity of economic system
In 2023, the UAE imposed fines exceeding $69.20mln related to money laundering and seized assets valued at more than $639mln for violations of anti-money laundering practices and procedures …
UAE’s Role in Combating Global Financial Crime: A Model for International Cooperation
Financial crime is a pervasive global threat, one that demands collective international effort to effectively address. The United Arab Emirates (UAE) is emerging as a vital player in the global fight …
UAE authorities give companies one week to submit paperwork or face fines
UAE authorities have given taxpayers in the country until September 30 to submit essential paperwork or face fines.
Brookfield Asset Management raises $2.4 billion for UAE-backed climate finance fund
The New York Stock Exchange-listed Brookfield Asset Management has raised $2.4 billion for a climate-finance-focused fund to invest in clean energy projects in emerging markets, reaching about half of …
Gulf Capital joins Abu Dhabi sustainable finance declaration to support the UAE’s green economy for sustainable development initiative
The Abu Dhabi Sustainable Finance Declaration is a voluntary membership-based initiative led by ADGM with support from the Ministry of Climate Change and Environment, the Central Bank of the UAE …
Dubai Financial Market announces completion of periodic review of its general, Islamic indexes
The Dubai Financial Market has announced the completion of the periodic review of its general index and the Islamic index as of today September 23 2 …
Dubai: Gold prices reach new record high, set to rise further
The 24K variant of the yellow reached Dh319 per gram on Monday evening, gaining Dh16.75 per gram this month so far …
Singapore Exchange Targets Dubai Expansion to Follow Hedge Funds
Singapore Exchange Ltd. is looking at expanding into Dubai, drawn by the surge of hedge funds that have settled in the United Arab Emirates. An influx of the firm’s clients settling in the emirate is …
Emirates Development Bank inspires future Emirati banking leaders at Ru’ya Careers UAE 2024
Dubai, United Arab Emirates – Emirates Development Bank (‘EDB’ or ‘the Bank’), the key financial engine for economic development and industrial advancement in the UAE, has announced its participation …
UAE treasury bonds and sukuk hit $6.8bn milestone
The Government Treasury Bonds and Islamic Treasury Sukuk programs, launched by the Ministry of Finance in 2022, achieved exceptional results. Since their launch and up to the end of August 2024, …
Dubai: Spain’s Santander Private Banking opens regional HQ in DIFC
Santander Group’s capabilities and international private banking platform will allow Santander Private Banking to house a significant team of elite private bankers in DIFC …
Santander Private Banking expands global presence with first regional headquarters in DIFC
Dubai, UAE: Santander Private Banking, has established a new office in Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) …
United Arab Bank participates in Ru’ya Careers UAE 2024
The Career Fair which will be held from 24th to 26th September at the Dubai World Trade Centre is one of the leading recruitment, skills development and networking forum empowering young Emiratis …