With a reset spread of 195.6 bps, the issuance also marks a reduction in the Spread achieved in 2019 by 125.7 bps …
UAE central bank slaps $27.8mn fine on exchange house
The Central Bank of the UAE (CBUAE) has imposed a financial sanction of AED100 million on an exchange house following failures in anti-money laundering controls.
XBTO secures a UAE license for digital asset services
The license enables XBTO to cater to institutional investors, sovereign wealth funds, family offices and regional financial institutions as a regulated counterparty.
Tourmaline Partners expands global footprint with Dubai International Financial Centre office
Dubai, United Arab Emirates (UAE) – Tourmaline Partners, a leading global provider of outsourced trading solutions, is pleased to announce the opening of its newest office in Dubai International …
Dubai Residential REIT rises 13.6% on debut: IFR
Dubai Residential REIT provided a positive data point for UAE IPOs with shares closing up 13.6% on debut on Wednesday. The Dh2.15bn (US$584m) deal is the first IPO on the DFM this year and the second …
Dubai Residential Reit Gains 13.64% On Market Debut
Dubai Residential Reit on Wednesday rose 13.64 per cent at the close of trade after its listing on the Dubai Financial Market (DFM).
Arthur D. Little survey of 24 UAE banks highlights omnichannel banking trends, opportunities
A new survey by Arthur D. Little (ADL) with 24 UAE banks, revealed that customers are increasingly demanding seamless, omnichannel banking experiences, with mobile banking apps and online platforms …
UAE Central Bank fines two foreign bank branches Dh18.1m for breaching anti-money laundering rules
The UAE Central Bank has fined two branches of foreign banks operating in the country a total of Dh18.1 million ($4.9 million) for breaching anti-money laundering regulations. The regulator imposed a …
UAE: Comera Finance secures NBFC licence from UAE Central Bank
Built on scalable cloud architecture, the platform leverages real-time processing, advanced security, AI-driven fraud detection, and instant payment notifications …
Comera receives UAE central bank approval to launch finance company
Once operational, Comera Finance will offer a full suite of financial products and services, spanning retail, SME, and corporate lending …
UAE launches first ‘Finfluencer’ licence to regulate digital finance content
The initiative aims to formalise and supervise digital financial content while enhancing investor protection in the UAE …
UAE central bank imposes over Dh18 million fine against 2 foreign bank branches
A UAE authority imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dh10,600,000 for the first bank and Dh7,500,000 for the second bank, pursuant to Article …
UAE: 72% survey respondents prefer mobile banking apps
Mobile wallet adoption is also on the rise, especially among younger and tech-savvy middle-income groups. The UAE’s mobile payment market is projected to grow by 8.2 per cent annually through 2030 …
UAE Central Bank imposes financial sanctions of Dhs18.1m on two branches of foreign banks
The Central Bank of the UAE (CBUAE) imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dhs10,600,000 for the …
Comera Finance receives in-principle approval from the Central Bank of UAE for a finance company license
Comera Finance, part of Comera Financial Holding and Abu Dhabi’s Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial …
Dubai Islamic Bank outlines plans to acquire Noor Bank
DUBAI, 10th June, 2019 (WAM) — Dubai Islamic Bank (DIB) is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a …
Dubai Ruler’s $584 Million REIT IPO Surges In Debut
Dubai Holding’s $584 million residential real estate investment trust surged in its trading debut, as the city’s property market boom continues to lure investors.