This marks Dubai’s first privatisation move of the year Dubai’s RTA eyes banks ahead of IPO: Report DFM, Dubai bourse, Dubai Financial Market, Dubai RTA, Dubai stocks, Initial public offering, IPO, …
Dubai: Common law to re-boost free zones’ appeal after relaxation of FDI law for onshore firm
The emirate has several free zones, each with its own authority responsible for governing and regulating activities within the zone distinct from those in the …
UAE introduces digital identity across service systems
The UAE introduced the UAE Pass to implement digital identity across its service systems provided by 130 operators, private and government.
UAE, Saudi PMIs show strong business activity
In the UAE, 30% of businesses surveyed reported increased activity in July in the S&P Global PMI survey, with less than 2% reporting a fall. New work growth slowed from June but remains robust and …
DFSA Fines Bank Mirabaud Usd 3 Million For Anti-money Laundering Controls Failings
The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 3,022,500 (AED 11,100,131) on the bank Mirabaud (Middle East) Limited (‘Mirabaud …
Salary support, right job listings: How UAE’s Nafis programme is bridging gap between public and private sectors
Last month, the Ministry of Human Resources and Emiratisation announced the highest private sector localisation rate in the country’s history …
Dubai International Financial Centre reaffirms position as global hub for finance, innovation, and talent attraction with strong H1 2023 results
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed unparalleled growth in the first half of 2023. DIFC …
Bounced cheque could land former Apprentice star Selina Waterman-Smith in a Dubai jail
She is now stuck without a passport, bank account and medical insurance … “And it just shows to me that when a man wants to abuse a woman he can do it.” The story began in Dubai 2018 when a working …
Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations
Fintech booms in Dubai during the first half of 2023 as DIFC witnesses a 35% surge in innovative companies Dubai: DIFC reports record growth in H1 2023 with 23% rise in new business registrations …
Now access Ministry of Finance services using UAE Pass
Image Credit: Supplied Abu Dhabi: The UAE Ministry of Finance on Wednesday announced the implementation of UAE Pass digital identity for all its services. This move aims to boost digitalization …
Ministry of Finance enables ‘UAE Pass’ for all services
ABU DHABI – The UAE Ministry of Finance on Wednesday announced the enablement of the UAE Pass digital identity for all its services across systems, in line with the UAE’s efforts to enhance the …
California residential project launched in Dubai
Samana Developers, one of the fastest growing real estate companies in Dubai, has launched a Dhs215 million California residential project. This is the first project in Al Furjan neighbourhood, which …
Dubai strengthens its position as global finance and innovation hub
The Dubai International Financial Centre (DIFC) witnessed exceptional growth in the first half of 2023, with 661 new entities registering during the period in the centre, an impressive double-digit …
Dubai Bank Fined AED 11M for Inadequate Anti-Money Laundering Systems
The Dubai Financial Services Authority (DFSA) on Tuesday for having inadequate anti-money laundering (AML) systems and controls between June 2018 and October 2021. Read More: Two UAE Banks Amongst …
UAE GDP expands 3.8% in Q1 with most sectors achieving growth
The UAE economy grew 3.8 per cent at constant prices in the first quarter with most of the sectors making significant contributions to the country’s growth..
DIFC’s H1 2023 performance strengthens Dubai’s position as global finance and innovation hub
DIFC is home to 632 financially regulated firms. During the first half of 2023, this number surpassed 600 for the first time. The strong inflow of top firms underscores Dubai’s attractiveness as a …
Dubai DFSA slaps $3mln fine on bank for inadequate AML systems
The Dubai Financial Services Authority (DFSA) has slapped a fine of $3.02 million on Mirabaud (Middle East) Limited, for having inadequate anti-money laundering (AML) systems and controls.