The Dubai Financial Services Authority (DFSA) on Tuesday said it imposed a fine of $3.02 million Dh11.1 million) on the bank Mirabaud (Middle East) Limited for having inadequate anti-money laundering …
Uae Raises Interest Rate By 25 Basis Points
The Central Bank of the United Arab Emirates (UAE) decided on Wednesday to raise the base interest rate by 25 basis points to 5.40 percent, effectiv …
Binance counters regulatory woes by securing MVP License in Dubai
“We are honored to be the first exchange to be granted an operational Minimum Viable Product License by VARA — a result of over a year of due diligence, collaboration, and consistent demonstration of …
AIM Summit is the Leading Conference on Alternative Investments
With profitability out of the way as a measure of success, AIM Summit measures instead the caliber of the attendees who have joined, with quality valued over quantity. A bigger conference doesn’t …
Citigroup Sees Strong Middle East IPO Pipeline Running Into 2024
Bankers in the Middle East aren’t getting much of a summer break this year, with a number of initial public offerings slated for the fourth quarter and a strong pipeline already building for 2024, …
Emirates NBD Group signs UAE Climate-Responsible Companies Pledge supporting UAE’s Net Zero 2050 Initiative
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, has signed the UAE Climate-Responsible Companies Pled …
UAE MoE and Huawei Cloud launch Startup Program under The Entrepreneurial Nation initiative
Huawei Cloud Startup Program will provide up to $150,000 in vouchers and access to Huawei Cloud ecosystem resources for eligible businesses …
UAE minister eyes collective action and finance for sustainable plan
Almheiri highlighted the country’s commitment to addressing climate change and to ensure that 2023 is a milestone moment in climate action as host of COP28.
Dubai Financial Market reports +77% net profit and +31% revenue in H1 2023
DFM remains steadfast in its commitment to deliver sustainable value to all stakeholders. Underpinned by the current positive momentum, DFM is well poised to achieve its strategic goals and strengthen …
Dubai Financial Market reports Dhs112.2m half-year profit, up 77%
Dubai Financial Market (DFM) said its half-year profit surged by 77 per cent from a year earlier, driven by Al Ansari Financial Services’ (Al Ansari Exchange) initial public offering (IPO) and the …
UAE: Gold prices slip in Dubai, but set for monthly gain
Gold prices slipped in the UAE at the opening of the markets on Monday, but they’re set for their biggest rise in four …
UAE to establish federal prosecution entities specialised in economic crimes, money laundering
further boosting the UAE’s financial stability and economic growth. The creation of prosecution offices specialised in economic crimes and money laundering is a part of the transformative projects …
UAE to Set Up Anti-Money Laundering Bodies Amid Scrutiny
The United Arab Emirates announced plans on Sunday to establish judicial bodies to prosecute money laundering and financial crime following increased monitoring by a global watchdog dedicated to …
UAE: New decisions on tax procedures, penalties and exemptions announced
Penalties apply for late filing and payment of corporate taxes, as well as for not maintaining proper records or providing required tax information …
UAE: MoF announces schedule of administrative penalties for corporate tax violations
The Corporate Tax Law Penalties have been carefully designed and benchmarked to ensure successful implementation and compliance of the Corporate Tax Law without burdening UAE businesses that comply …
UAE: Defaulted on a credit card? Here’s how you can settle your case
Alternatively, you may request the bank for a settlement, or you can approach a court of competent jurisdiction for voluntary settlement of your debts with your lender or commence insolvency …
DFM reports Dhs112.2m half-year profit, up 77%
The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn …