UAE residents are increasingly coming forward to share their experiences of losing tens of thousands of dirhams to telephone banking fraudsters, in an effort to stop unsuspecting victims being tricked …
UAE Central Bank issues $327,000 fine to insurance company
The financial sanction is the result of the findings of the regular examination conducted by the Central Bank, which revealed that the insurance company had deficiencies in its AML/CFT policies and …
2023 IPO boost at Saudi Arabian stock market: How to profitably invest your savings
Individual investors must meet the eligibility criteria of the Saudi Stock Exchange Saudi Arabia’s stock market has proven itself to be one of the best performers globally Image Credit: Shutterstock …
ICEBERG Cyberlab: Leading Dubai’s Metaverse Revolution With Creation Of Burj Khalifa And DIFC
As Dubai evolves in the Metaverse, ICEBERG Financial stands as a key architect of this digital future, driving progress and prosperity in the UAE and beyond, while boldly leading the charge into the …
Dubai Health Authority harnesses AI to ease financial burden of diabetes patients by 30%
The cost of treating diabetes patients in Dubai, covered by health insurance, exceeds $544mln according to the DHA …
Arab Bank Group Reports Net Profits Of $829.6 Million For 2023, 30% Cash Dividends
Dubai, UAE, 27 January 2024: Arab Bank Group achieved solid results for the year ending December 31, 2023, reporting a growth of 52% in net income after tax of $829.6 million as compared to $544.3 …
Dubai’s focus on delivering high-quality medical care solidifies its status as leading global healthcare hub: Sheikh Maktoum
Exhibition features over 3,400 exhibitors, more than 40 international pavilions, and over 180 participating countr …
UAE makes first cross-border digital dirham payment, with $13.6m transfer to China
The payment was sent by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of the Central Bank of the UAE (CBUAE), …
UAE should scrap IPO eligibility rule to reach its tech hub goals
Abu Dhabi and Dubai sell themselves as international hubs for tech companies, with new initiatives to support start-ups and scale-ups, but rules around eligibility for equity listings will hinder the …
Egypt considers issuing UAE dirham-denominated bonds: Finance minister
Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time, Minister of Finance Mohamed Maait revealed on Monday. Maait explained that the …
DIFC’s 2030 strategy to shape the future of finance and innovation
“In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033 and DIFC’s 2030 strategy to shape the future of finance and innovation, the 2nd edition of the Dubai FinTech …
Bank fraud: UAE resident loses Dh171,000 to criminals in 15 minutes
Consumers in the UAE are being urged to remain vigilant after a recent spate of telephone bank fraud schemes, as criminals increasingly find sophisticated methods to trick people to give their …
Anwar Gargash Diplomatic Academy signs MoU with UAE Central Bank
Abu Dhabi, UAE: The Anwar Gargash Diplomatic Academy, a globally recognised diplomatic centre of excellence in Abu Dhabi, and the Central Bank of the UAE have signed a Memorandum of Understanding (MoU …
10 Tips for Setting Up Your FreeZone Company in the UAE
Setting up a Free Zone Company in the United Arab Emirates (UAE) is a strategic move for entrepreneurs and businesses aiming to leverage the region’s dynamic market. UAE’s Free Zones offer a myriad of …
Dubai FinTech Summit gathers industry leaders to drive the agenda for the future of FinTech
DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024. ENBD and e& sign partnership agreements in support …
Dubai Investments invests 34.3% stake in Global Fertility Partners
Dubai, UAE: Dubai Investments, the leading investment company listed on the Dubai Financial Market [DFM] has invested an equity stake of 34.3% in Global Fertility Partners (GFP), leading network of …
Cushman & Wakefield Core Dubai annual report 2023/2024
Robert says “While there is a strong demand for office spaces in Dubai, we must acknowledge the global job losses in the tech and banking sectors. This could slow down international expansions and …