The United Arab Emirates (UAE) hosted the 8th EU-UAE Structural Dialogue on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Abu Dhabi. The strategic meeting reaffirmed the …
MoF receives Sharjah Public Finance Award for excellence in cash management and financial services
Abu Dhabi: The Ministry of Finance (MoF) has been honoured with the Sharjah Award for Public Finance, winning the category of “Institution Distinguished in Cash Management, Sovereign Funds, and …
Dubai’s General Directorate of Identity and Foreigners Affairs, Emirates NBD sign MoU
The General Directorate of Identity and Foreigners Affairs – Dubai has signed a Memorandum of Understanding (MoU) with Emirates NBD to strengthen collaboration between the public and private …
Careem’s New UAE Feature – Send Money Fast to Jordan!
Careem Pay, the fintech arm of the UAE-based super app Careem, has officially launched international money transfers to Jordan, adding to its growing network of remittance corridors. This move marks a …
Air Arabia begins using the AED stablecoin for payments in the UAE
UAE-based Air Arabia airline is accepting AED stablecoin, the regulated AE Coin developed by UAE MBank Al Maryah Bank, for flight booking payments. The airline is reportedly the first in MENA to offer …
Ajman Department of Finance, Ajman Bank sign agreement to boost operational efficiency
The Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank. This collaboration aims to strengthen digital financial integration, reduce bureaucracy, and improve …
StanChart Expands UAE Private Banking Frontline
The private banking arm of Standard Chartered has made a handful of hires for its front office in the United Arab Emirates.
Dubai Holding’s Residential REIT IPO Draws Record Demand, Signalling Investor Confidence
Dubai Holding has successfully raised AED 2.14 billion through the initial public offering of its Dubai Residential REIT, marking the largest real estate investment trust listing in the Gulf …
Dubai issues new guidelines to ensure accountability in public finances
The new rules aim to enhance accountability in public finances without compromising the impartiality or fairness of disciplinary proceedings …
Dubai Land Department (DLD) Launches MENA’s First Tokenized Real Estate Project
Currently available exclusively to UAE ID holders, the platform enables users to generate returns and own a share in a prime real estate project in Dubai.
Dubai launches tokenised real estate investment project via ‘Prypco Mint’
Dubai Land Department (DLD) has launched the Middle East and North Africa region’s first tokenised real estate investment project through the ‘Prypco Mint’ platform. The initiative, part of Dubai’s …
Maktoum bin Mohammed issues Decision on Financial Audit Authority’s Central Violations and Grievances Committees
The Decision seeks to ensure accountability in public finances without compromising the objectivity or impartiality of disciplinary proceedingsIn his capacity as Chairman of the Financial Audit …
Dubai announces workplace rules for government employees under new committee system
The operational procedures apply to employees and senior officials, including CEOs and those in higher executive positions of entities in Dubai …
Ctrl Alt and Dubai Land Department go live with tokenized real estate, forecasts $16bln market by 2033
Launched today in collaboration with the Virtual Assets Regulatory Authority (VARA), the Dubai Future Foundation and PRYPCO …
UAE Islamic banks’ assets cross Dh1-trillion mark in 2024
The UAE Islamic banks’ assets have crossed the Dh1 trillion mark in 2024, according to the global rating agency Moody’s Ratings. “Islamic asset growth rebounded after the pandemic slow down. The total …
Dubai Holding announces increase in size of IPO of Dubai Residential REIT
DHAM REIT Management LLC exercised its right to increase the number of Units driven by the strong demand from domestic and international investors and oversubscription across all tranches. Upon …
UAE announces new corporate tax rule for partnerships
The UAE Ministry of Finance has issued a Cabinet Decision that allows unincorporated partnerships to elect for corporate tax treatment, marking a shift in the country’s approach to partnership …