The collaboration between these two entities will also focus on developing frameworks to support tokenisation and distribution of RWA, in compliance with the VARA …
Bank of America Energy Banker Relocating to Dubai as Deals Surge
A senior Bank of America Corp. dealmaker is relocating from London to Dubai, according to people familiar with the matter, as transactions in the Middle Eastern energy industry boom.
Abu Dhabi edtech firm Alef’s IPO draws $20bn in orders
Alef Education’s shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital.
UAE government records revenues of $18.03bn in 2023
The figures were part of the consolidated financial statement published by the UAE’s finance ministry on Wednesday. As per the financial statement, total government assets reached Dhs391.7bn in 2023, …
How to buy property in the UAE and what can you afford?
Jordanian national Karam Albataineh and his wife Sula Al Khedery purchased a ready three-bedroom town house in Dubai’s Tilal Al Ghaf this year. The 30-year-old, who works as a finance manager at Abu …
UAE’s government records revenues of $18.03bln in 2023
CAIRO: The United Arab Emirates’ government recorded revenues of 66.2 billion dirhams ($18.03 billion) and actual expenditures of 58.2 billion dirhams in 2023, according to the consolidated financial …
Nasdaq Dubai welcomes $750mln debut Sustainability Sukuk listing by Emirates Islamic
The milestone issuance by Emirates Islamic highlights the growing importance of ESG principles in Islamic financing, supporting the UAE’s vision for sustainable investments …
UAE: Central Bank announces launch of new platform for wholesale cross-border payments
The Central Bank of the UAE has launched the Minimum Viable Product (MVP) platform of the mBridge project – a multi-central bank digital currency common pl..
UAE: Central Bank announces launch of new platform for wholesale cross-border payments
The Central Bank of the UAE has launched the Minimum Viable Product (MVP) platform of the mBridge project – a multi-central bank digital currency common pl..
Dubai Islamic Bank pledges $2.94mln to support ‘Dubai Schools’ project
Dubai Islamic Bank has signed a cooperation agreement with the Knowledge Fund Establishment to support the ‘Dubai Schools’ project with a pledge amounting to AED11 million. The move seeks to help …
Desert Dream: Indians take a shine to Dubai’s Golden Visa
Dubai’s robust economy offers a wide range of job prospects across various industries, including finance, real estate, technology, and tourism, making it an attractive destination for skilled Indian …
Hero Royal Marine who received the George Cross held prisoner in Dubai accused of spying
Former Royal Marine Matt Croucher who previously was awarded the George Cross for his service in Afghanistan was arrested in Dubai over spying allegations …
Explained: What is the UAE’s new Jaywan card and what are its benefits?
Jaywan is the UAE’s first national domestic card programme. It is owned and operated by Al Etihad Payments, the country’s new national payments entity, which is a subsidiary of the UAE Central Bank.
UAE climbs to 6th in world for international tourist spending with $51.9bn receipts
The UAE has risen from 13th to 6th globally on the list of top earners from international tourism, after logging $51.9bn in international tourism receipts, UN Tourism’s May 2024 World Tourism …
UAE Central Bank Approves Issuance of Stablecoin Regulation
According to recent reports, the Central Bank of the UAE approved the issuance of a regulation for licensing and overseeing stablecoins and a series of policies aimed at supporting the banking, …
UAE seeks ‘marriage’ with US over artificial intelligence deals
Dubai plans to increase its data centre capacities to host the cloud computing needed for AI and wants to foster AI “clusters” of companies around established industries such as finance. “There is a …
UAE’s enhanced ratings in Global Anti-Money Laundering Risk Index raise confidence in economic, financial sectors
Results are a global recognition of the UAE’s record efforts combating money laundering and the financing of terrorism …