An Abu-Dhabi based bank is likely to purchase a significant stake in an Indian bank, UAE Ambassador to India Abdulnasser Alshaali told CNBC TV-18, triggering speculation the target is Yes Bank. The …
UAE: Dh5-million loan helps farmers grow all kinds of food
A bank is giving both Emirati and expat farmers in the country the loan with the option to repay in instalments over several years to ensure food security …
Tips on saving money in the UAE
When expats first move to the UAE, they’re often drawn by the allure of a tax-free, luxurious lifestyle that’s ‘Grammable’. However, they quickly realize t..
UAE Fintech Fasset Moves into RWAs with Ethereum Layer 2 Service – IOWN
Fasset has announced IOWN, an Ethereum layer 2 blockchain for Real World Assets (RWA). Based in the UAE, the company states that it has moved forward with the …
UAE fintech Paymob raises $22mn in Series B extension round
The latest round will take the company’s total Series B funding to $72 million. The company said the just concluded funding round was led by EBRD Venture Capital with participation from Endeavor …
UAE Central Bank approves digital assets custodial risk insurance
The UAE Central Bank has approved OneDegree, Asia’s licensed insurer for digital assets, and Dubai Insurance Company’s issuance of digital assets custodial risk insurance to their customers in UAE.
UAE’s economy grows 3.4% in Q1 on non-oil sector boost
The UAE economy grew by 3.4 per cent in the first quarter of the year, with a strong performance by the non-oil sector driving the expansion. The country’s real gross domestic product reached Dh430 …
ACCA and EAAA solidify partnership with a shared mission to advance the finance and accounting profession in the UAE
Partnership focuses on key initiatives that support the development of finance professionals, enhance industry standards, and promote best practices in the region …
AI to add $100bn to UAE GDP by 2030
He added that Artificial intelligence is revolutionising industries such as healthcare, finance, and government. Its adoption, he added, is fuelling growth by improving operational efficiency and …
The global blockchain ecosystem is growing in Dubai’s International Financial Centre
With the power to handle and track vast amounts of information transparently and securely, blockchain is transforming business, especially in the financial sector. Blockchain adoption and broader …
UAE and Saudi embrace digital payments as online shopping and buy-now-pay-later thrive
The UAE and Saudi Arabia have seen a spike in digital payments as consumer preferences swing towards modern shopping trends, according to data from Checkout.com.
Standard Chartered unveils digital asset custody service in the UAE
Global bank Standard Chartered has launched its digital asset custody service in the UAE. The service has been licensed by the DFSA within the DIFC.
Etihad Airways plans IPO no earlier than 2025, sources say
By Hadeel Al Sayegh, Andres Gonzalez and Federico Maccioni DUBAI/LONDON (Reuters) – Abu Dhabi’s Etihad Airways plans to make its stock market debut no sooner than 2025, two people familiar with the …
Dubai IFC to open ‘first-of-its-kind’ funds centre
Dubai International Financial Centre (DIFC) is to open a first-of-its-kind environment in Q1 of 2025, “driven by exponential growth and an exceptional pipeline, including from hedge fund spinouts, …
Dubai IFC to open ‘first-of-its-kind’ funds centre
Dubai International Financial Centre (DIFC) is to open a first-of-its-kind environment in Q1 of 2025, “driven by exponential growth and an exceptional pipeline, including from hedge fund spinouts, …
UAE regulators to allow Dubai-licensed VASPs to service entire country
The United Arab Emirates’ securities regulator signed a cooperation agreement with Dubai’s crypto regulator to demonstrate “regulatory cohesion” across the country by streamlining its licensing regime …
ESG Focussed Banking in Core Aspects
We have strengthened our stance by aligning ourselves with both the UAE Environmental Vision 2030 and Ajman 2030 Vision,” informs Zohaib Ali Zahid, Head of Corporate Governance and ESG at Ajman Bank.