The bank said in a statement its board has recommended increasing the share capital by issuing 592.2mln new shares …
Dubai solidifies position as MEASA ’s global private wealth hub: DIFC
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA), today launched the latest edition of its flagship Future of Finance …
UAE: Gross banks’ assets up 1.9% at end of June 2025
The money supply aggregate M2 increased by 2.3%, from AED 2,474.0 billion at the end of May 2025 to AED 2,531.2 billion at the end of June 2025 …
Dubai Unified Licence integration with Emirates NBD delivers 35% time reduction for SME onboarding
As one of the first banks officially onboarded to the DUL, Emirates NBD has pioneered a seamless, government-verified approach to SME and Business Banking (BuB) onboarding. By leveraging direct access …
Al Salam Bank signs strategic deal with Denodo and NAIB IT to advance data management and AI initiatives
The signing ceremony was attended by Shaikha Dr. Dheya Bint Ebrahim Al Khalifa, Managing Director at NAIB IT; Mr. Anwar Murad, Deputy CEO – Banking at Al Salam Bank, Mr. Hemantha Wijesinghe, CTO at Al …
Ajman Bank, Franklin Templeton to launch Shariah-compliant funds in UAE
The collaboration will provide the lender’s clients access to select Luxembourg-domiciled Franklin Templeton Shariah funds …
Noon nears profitability, eyes dual listing in UAE, Saudi Arabia within 2 years
Noon, the Middle East’s homegrown e-commerce powerhouse, is eyeing a bold move onto public markets—with plans for a dual listing in the UAE and Saudi Arabia within two years. Founder Mohamed Alabbar …
Dubai-listed du to offer over 342mln shares offloaded by Mubadala unit
The UAE telecom operator du is selling more than 342 million shares in the company, previously held by Mamoura Diversified Global Holding, as part of a new public offering, representing 7.55% of its …
UAE GDP hits Dh455bn in first quarter as non-oil economy breaks another record
The UAE’s economy maintained strong momentum in the first quarter of 2025, with real gross domestic product rising 3.9 per cent year-on-year to Dh455 billion, according to preliminary estimates …
UAE banks lead GCC in revenue and lending growth amid strong economic momentum
Overall, the UAE banking sector’s performance in Q2 2025 underscores its leading role in the GCC, driven by strong fundamentals, economic diversification, and strategic lending. With continued …
UAE: Non-oil sector contribution reaches all-time high of 77%
The contribution of the non-oil sector in the UAE’s GDP reached a new record high of 77.3 per cent for the first time in the country’s history in the first quarter of 2025, according to preliminary …
Millionaire migration: Where are the rich moving and why is Dubai a money magnet?
According to the Henley Private Wealth Migration Report 2025, roughly 142,000 millionaires are expected to relocate globally in 2025. “It reflects a deepening perception among the wealthy that greater …
Dubai set to be hedge fund hub as 60 firms eye DIFC move amid $4.8tn …
Dubai International Financial Centre has seen massive 692 per cent increase in value of cases in first six months of the year Dubai is set to become a global hub for hedge funds, with more than 60 …
The ‘invisible kingpin of data centres’ riding the Gulf’s AI boom
Dubai-based Zachary Cefaratti has become a go-to dealmaker who connects Middle Eastern money to Silicon Valley …
Dubai Debuts Blockchain Mortgage System – NMP
According to a report in the UAE publication The National, Dubai Land Department (DLD) and UAE lender Mashreq Bank have launched a blockchain-based electronic mortgage system designed to increase the …
Etihad Airways CEO says airline ‘ready to IPO anytime’, waiting on shareholders
The UAE national carrier reported its strongest-ever half-year performance, delivering record profitability and passenger numbers in the first six months of 2025 …
Dubai in September: where Wall Street meets the Global South
Dubai is back! After the languid torpor of summer, when half the city decamped to Europe or simply hibernated indoors, September brings the great return — and with it, the traffic. Where were all …