The RBI has decided to grant in-principle approval to the UAE’s Emirates NBD Bank PJSC for setting up a wholly-owned subsidiary in India. Emirates NBD Bank PJSC is Dubai’s government-owned lender. The …
Emirates Development Bank launches AED1bln Emirates Growth Fund to accelerate the growth of UAE-based SMEs
Abu Dhabi, UAE – Emirates Development Bank (EDB) today announced the launch of the Emirates Growth Fund (EGF), a transformative AED 1 billion growth equity platform designed to accelerate the scale, …
UAE: Emirates Development Bank launches Dh1-billion growth fund to fill SME funding gap
In a major push to bridge the Dh2-billion funding gap for UAE-based small and medium enterprises (SMEs), Emirates Development Bank (EDB) has launched Emirates Growth Fund (EGF) – a Dh1-billion funding …
Dubai Property Market Poses Hidden Risks For Foreign Buyers
DubaiDubai’s booming real estate sector continues to attract global investors with promises of tax-free gains, high r …
Ripple makes UAE inroads amid XRP slump and lingering SEC uncertainty
Ripple has partnered with UAE-based firms Zand Bank and Mamo to use its Ripple Payments technology. In an official announcement, the company described the move as building on momentum after securing …
Ripple Taps UAE’s Fintech Boom With New Local Blockchain Payment Deals
Ripple partners with UAE-based Zand Bank and MamoPay to expand its blockchain payment network. The expansion follows Ripple’s DFSA license approval in March, enabling it …
Revealed: Why Dubai is the hottest global destination for the super-rich
With record-breaking property sales and a steady influx of ultra-high-net-worth individuals (UHNWIs), Dubai is increasingly positioning itself as a premier destination for global investors seeking …
Dubai Holding Boosts Reit IPO Size to as Much as $584 Million
Dubai Holding boosted the size of the initial public offering of its residential real estate investment trust, seeking to raise as much as $584 million amid strong demand from domestic and …
Dubai Holding upsizes Dubai Residential REIT IPO; to raise up to $584mln
Dubai Holding, which is seeking to IPO its subsidiary Dubai Residential REIT, has increased the size of the offering to 15% of the entity’s capital from the previous 12.5% on the back of strong demand …
Dubai Holding increases Residential REIT IPO to 15% of issued unit capital
Dubai Holding, the investment firm owned by the emirate’s ruler, said on Monday it will raise the size of residential REIT’s initial public offering to 15% of issued unit capital, up from the earlier …
Jaywan: UAE’s new domestic card payment scheme; all your questions answered
In today’s fast-paced digital economy, seamless, secure, and cost-effective payment solutions are essential for both consumers and businesses. The way we pay for goods and services is evolving rapidly …
Dubai Holding announces increase in size of initial public offering of Dubai Residential REIT
The size of the Offering has been increased to 1,950,000,000 Units from the previously announced 1,625,000,000 Units …
Government of Dubai to Accept Crypto Payments for Fees
Dubai Finance (DOF) has signed a Memorandum of Understanding (MoU) with Crypto.com, a global cryptocurrency trading platform.
UAE’s Islamic finance strategy set to boost global sukuk market
The UAE’s ambitious plan to expand its Islamic finance sector by 2031 is set to propel the industry to new heights, reinforcing the country’s position as a global leader in sukuk issuance and Islamic …
Will your UAE bank balance automatically go to your family after you?
You need a registered UAE will to give family access to your assets without undue delays It’s a common assumption that if something happens to you, your bank account in the UAE will …
Ajman Bank and Azimut (DIFC) Limited sign distribution agreement
Ajman, UAE – Ajman Bank has signed a distribution agreement with Azimut (DIFC) Limited, a subsidiary of the global asset management firm Azimut Group, to expand the range of investment solutions …
Dubai property buyers become more picky despite thriving market, experts say
Many Dubai property investors are getting more selective about where to put their money, experts have said. The Covid-19 pandemic instigated a boom that has eased off with buyers now thinking …