Promoted by Dubai Integrated Economic Zones Authority, VC fund will target fintechs The dh500 million fund comes into play as Dubai and the UAE consolidate their credentials as a startup hub …
Citigroup Resumes Work on Investcorp Capital’s Abu Dhabi IPO
Citigroup Inc. has returned to working on Investcorp Capital Plc’s initial public offering in Abu Dhabi, after it earlier had to stop that work because it couldn’t get internal approval to participate …
Dubai ruler approves 246.6 billion dirham budget for 2024-2026
“The Department of Finance expects to achieve an operating surplus of up to 3.3% of Dubai’s GDP, during the 2024-2026 financial plan, in order to establish the foundations of the emirate’s financial …
Sheikh Mohammed approves Dubai’s 2024-2026 budget of Dh246.6 billion
He also gave green light to law regarding the general budget of the Dubai Government for 2024 with expenditures of Dh79.1 billion …
XRP Soars 20% on SEC Settlement Hopes, Ripple IPO Buzz Grows
XRP Ledger’s market value surpasses $0.68, hitting a three-month high amid a surge against BTC. Anticipation builds around Ripple’s potential IPO following regulatory approval from Dubai.
AAFAQ Islamic Finance PJSC and Al Ansari Exchange join forces to elevate customer convenience
The agreement was signed by Hisham Hammoud, Chief Executive Officer, Aafaq Islamic Finance and Mohammad Bitar, Deputy CEO of Al Ansari Exchange under the umbrella of The Deals Hub, a Dubai Chambers …
Mobilising finance for climate projects in the Arab world
Climate change in the Arab world is already rapidly unfolding. Soaring heat waves, extended droughts, more intense sandstorms and floods, and rising sea levels are all exacerbating the existing challe …
Real-World Asset Tokenization MVP Pre-Launch By Opu-Lencex In Dubai
Dubai, UAE, 6th November 2023, ZEX PR WIRE , OpulenceX is thrilled to announce the highly-anticipated pre-launch event of their Real-World Asset Tokenization Platform. This groundbreaking development …
UAE bank launches no-fee instant loans via app
Instant personal loans in the UAE. The digital bank offers personal loans with an interest rate of 8.99 per cent per annum and flexible payment terms of 12 to 48 months. To be eli …
Inside FIVE Holdings plans to turn 50 employees into millionaires in 2025 IPO share plan
The company’s founder Kabir Mulchandani plans to bestow USD $200 million worth of his own shares, roughly 10 percent of the company to its employees. Inside FIVE Holdings plans to turn 50 employees …
Al Ansari Exchange inaugurates its 250th branch in the UAE
ALANSARI], one of the leading integrated financial services groups in the UAE, today announced that its subsidiary Al Ansari Exchange, the largest outward personal remittance and foreign exchange …
First Abu Dhabi Bank unveils SlicePay BNPL card in the UAE powered by Mastercard
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
New UAE tax rules; NEOM Leyja hotels; 40 delivery rider stops in Dubai – 5 trending stories to read today
Dubai’s Roads and Transport Authority (RTA) is planning to build 40 air-conditioned rest areas for delivery riders in key areas across Dubai. The initiative aims to enhance road safety, foster …
Did Burna Boy Really Reject A $5M Offer To Play In Dubai Because Weed Is Banned There?
Burna Boy, the Nigerian music sensation, recently claimed he turned down a lucrative $5 million gig in Dubai due to the country’s strict marijuana laws. The artist revealed this during a live …
UAE neobanks to complement, not replace traditional banks: S&P
The adoption of neobanks – banks that operate only online and don’t have a physical presence – and traditional banks’ digital offering in the UAE is increasing and should continue to do so. Yet, a …
First Abu Dhabi Bank introduces SlicePay BNPL card in UAE
The buy now, pay later (BNPL) solution, which is now available, allows shoppers to convert their purchases into four interest-free installments …
UAE corporate tax: MoF issues new decisions related to free zones
The new corporate tax decisions reflect the significant role of free zones in the UAE’s economic diversification strategies …