Dubai Taxi Company (DTC) on Tuesday kicked off the subscription period for its upcoming initial public offering (IPO), which could raise up to around $316 million, with investors expecting healthy …
UBF: Dubai selection to host SIBOS 2029 confirms global confidence in UAE’s leading position
SIBOS 2029, to be held in Dubai, will provide UAE banks with the opportunity to highlight to all SWIFT participants UAE’s financial and banking industry’s development. SIBOS attracts more than 10,000 …
UAE residents need nearly $1,800 monthly to become millionaires in 10 years, financial experts reveal
Most UAE residents are missing millions in potential wealth by starting too late, despite having a unique tax-free advantage, experts told Arabian Business …
Equity Group to Become First Kenyan Bank to Expand into UAE
Equity Group shareholders have approved the opening of a Representative Office in the United Arab Emirates (UAE), making Equity the first Kenyan bank to set up operations in the Middle East. The group …
UAE Bank Banned from Taking New Customers for 6 Months
A UAE-based bank has been barred from accepting new customers for six months after breaking Sharia governance rules that apply to Islamic banking. The Central Bank of the UAE (CBUAE) issued the …
UAE earns top sovereign credit ratings from Moody’s, S&P, and Fitch in 2025
The UAE has secured strong sovereign credit ratings from the world’s top three agencies – S&P Global (S&P), Moody’s Investors Service (Moody’s), and Fitch Ratings (Fitch) – reinforcing international …
UAE Central Bank fines UAE based bank Dh3.5m, halts new accounts over Sharia, AML breaches
A UAE-based bank has been penalised by the Central Bank of the UAE (CBUAE) for failing to comply with Sharia governance requirements. The disciplinary action includes a six-month ban on accepting new …
UAE Central Bank suspends bank’s Islamic window from onboarding new customers for six months
The UAE Central Bank has suspended the Islamic window of a bank operating in the country from onboarding new customers for six months and also fined it more than Dh3.5 million ($953,632) for …
Mubadala backing Hong Kong insurer FWD’s IPO
The UAE’s Mubadala Capital is reported to be one of the cornerstone investors in insurer FWD Group Holdings’ initial public offering in Hong Kong. The other cornerstone investor will be Japan’s T&D …
Dubai Investments breaks ground on Asayel Avenue, expanding the AED 2.2bln Mirdif Hills development
Dubai Investments, a leading investment company listed on the Dubai Financial Market, has officially broken ground on Asayel Avenue, a new residential cluster expanding the AED 2.2 billion Mirdif …
BitGo’s assets under custody surge to $100B
The value of digital assets under BitGo Inc.’s custody has surged. BitGo’s vice president for its Asia-Pacific business, Abel Seow, said it had seen its assets under custody (AUC) rise from $60B to …
UAE Central Bank gold reserves hit $7.46bn in Q1 2025
The Central Bank of the United Arab Emirates (CBUAE) significantly expanded its gold reserves in the first quarter of 2025, adding AED4.444bn ($1.21bn) to reach a total of AED27.425bn ($7.46bn) by the …
2023 Best Mortgage Broker in Dubai and the UAE: Lenddoo Mortgages – Gulf Today
When it comes to securing a mortgage in the United Arab Emirates (UAE), finding a reliable and trustworthy mortgage broker is crucial. Among the array of options available, Lenddoo Mortgages won our …
UAE’s IPO pipeline set for growth with potential Cafu stake sale – MSN
The UAE’s initial public offering pipeline is set to become more diverse with Dubai-based fuel delivery start-up Cafu reportedly considering a stake sale amid strong investor appetite for new …
UAE: Al Mal Capital REIT announces follow-on public offering, 3.75% dividend for H1 2025
The FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED1.1 …
Ministry of Finance publishes Mutual Agreement Procedure guidance for taxpayers
The Ministry of Finance has issued Mutual Agreement Procedure (MAP) guidance to provide clarity and guidance to taxpayers on the eligibility of MAP, the MAP process and the information required for a …
UAE issues tax guidance to help businesses
The UAE Ministry of Finance has released Mutual Agreement Procedure (MAP) guidance to help taxpayers avoid double taxation …