Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today received Ramadan well-wishers on the occasion of the Holy Month, at the Al Shindagha …
Borse Dubai to sell 27M Nasdaq shares in secondary offering
Borse Dubai, a minority shareholder of Nasdaq (NASDAQ:NDAQ), is commencing a secondary offering of 26,956,522 shares of Nasdaq’s common stock, the companies said Tuesday. Nasdaq (NDAQ) is not offering …
Nasdaq and Borse Dubai Announce Launch of Secondary Offering of Nasdaq Common Stock
Nasdaq, Inc. (Nasdaq: NDAQ or Nasdaq) and Borse Dubai Limited (Borse Dubai) today announced the commencement of a secondary offering by Borse Dubai of 26,956,522 shares of Nasdaq’s common stock. Borse …
One of UAE’s largest banks curtails cooperation with Russians under US pressure – WSJ
Due to the US sanctions pressure, Dubai’s main state-owned bank Emirates NBD has closed some accounts of Russian oligarchs and Russian oil traders. Source: The Wall Street Journal Details: It is noted …
Russia’s Backdoor to the Global Banking System Is Slamming Shut
A major lender in Dubai has scaled back Russia-related business, while Turkish lenders have become more cautious.
Islamic banking assets in UAE surpass Dhs700b: CBUAE
The assets of Islamic banks operating in the UAE exceeded Dhs700 billion for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE).
UAE investments abroad hit $2.5 trillion in beginning of 2024: Secretary-General UAEIIC
The UAE has solidified its position as a leading regional and global player in foreign direct investment, according to Jamal Bin Saif Al Jarwan, Secretary-General of the UAE International Investors …
Islamic banking assets in UAE surpass Dh700 billion in 2023
The assets of Islamic banks operating in the UAE exceeded Dh700 billion for the first time in history at the end of 2023, according to the latest statistics from the Central Bank of the UAE …
UAE: NMC, DIB reach ‘out-of-court’ settlement of all litigations
NMC Healthcare Group and Dubai Islamic Bank have agreed to an “out-of-court settlement of all litigation,” said a statement issued on Tuesday. The companies said they agreed to reach an “amicable …
Mind your money: A guide to financial planning for HNWIs and UHNWIs
The UAE’s economic boom, political stability, and strategic location are making it a magnet for high net worth individuals (HNWIs) and ultra-high net worth..
DIFC forges ahead with Sustainable Finance Catalyst
Dubai International Financial Centre (DIFC) is driving actionable commitment towards climate change by implementing pledges made by finance industry stakeholders at COP28 UAE in December last year.
100 Days of COP28 legacy, DIFC forges ahead with Sustainable Finance Catalyst
DIFC to grow sustainability-driven start-up ecosystem 50x by 2030. DIFC co-hosts ‘100 Days from COP28: Commitment to Action’ event in collaboration with the Global Ethical Finance Initiative (GEFI), …
UAE’s G42 buys $100m stake in TikTok owner ByteDance
UAE artificial intelligence and cloud computing company G42 … as well as government, healthcare, and finance. It is a stakeholder in Khazna Data Centers. Earlier this month, it announced that it …
FinTech LIVE Dubai: Just One Month to Go!
Just one more month to go until FinTech LIVE returns in 2024, kickstarting with FinTech LIVE Dubai — 17 April 2024 …
Asia and Australia lead Dubai multinational corporation growth
Dubai International Chambers data shows financial services and trade sectors central to multinational corporation growth …
UAE’s du eyes fintech push with new central bank licences
The UAE’s second major telecoms network, du, is set to branch out into financial technologies (‘fintech’) amid the company having just secured digital financial services licences from the Central Bank …
Hong Kong’s family offices are thriving as study shows growing interest, with Dubai royal the newest entrant
The number of family offices in Hong Kong may have exceeded those established in major financial centres in the region as efforts in the past year to lure foreign capital started to show results.