The Central Bank of the UAE (CBUAE) imposed financial sanctions on two branches of foreign banks operating in the UAE, amounting to Dhs10,600,000 for the …
Comera Finance receives in-principle approval from the Central Bank of UAE for a finance company license
Comera Finance, part of Comera Financial Holding and Abu Dhabi’s Royal Group, has received in-principle approval from the Central Bank of the UAE to operate as a fully licensed Non-Banking Financial …
Dubai Islamic Bank outlines plans to acquire Noor Bank
DUBAI, 10th June, 2019 (WAM) — Dubai Islamic Bank (DIB) is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a …
Dubai Ruler’s $584 Million REIT IPO Surges In Debut
Dubai Holding’s $584 million residential real estate investment trust surged in its trading debut, as the city’s property market boom continues to lure investors.
Dubai Residential REIT debuts on DFM as the GCC’s largest and first listed pure-play residential leasing focused REIT
Marks the debut of the first listed pure-play residential leasing focused REIT in the GCC, the first REIT under the UAE’s updated regulatory framework, and the first listing on DFM in 2025, …
Exclusive-Shein working towards Hong Kong listing after London IPO stalls, say sources
By Julie Zhu, Hadeel Al Sayegh and Helen Reid HONG KONG/DUBAI/LONDON (Reuters) -Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public …
UAE: Why today’s CFOs need to go beyond balance sheets, crunching numbers
A company’s Chief Financial Officer (CFO) should not just focus on balance sheets and numbers but also act as a catalyst connecting strategy with execution and driving results. With artificial …
Here’s When to Buy Gold in the UAE Without Breaking the Bank
Whether you’re dreaming of a sleek new bangle or planning a serious gold investment, one question always comes up: is now the right time to buy? For savvy gold shoppers in the UAE, timing really is …
Gulf ECM pipeline still full after two blowout IPOs
Equity capital markets in the Persian Gulf region are expected to remain busy this year after two large IPOs were priced last week. Flynas, the Saudi budget airline, raised Sr4.1bn ($1.1bn), while …
UAE and Azerbaijan foster financial ties
The MoU facilitates information sharing on supervisory and regulatory practices in banking and financial infrastructure systems.
UAE Ministry of Finance holds workshop to boost crisis preparedness, forecasting capabilities
UAE Ministry of Finance held a workshop on crisis management and forecasting, bringing together senior government officials and experts to explore best practices in emergency preparedness and …
UAE Central Bank suspends minimum balance fee by banks
The Central Bank of the UAE issued a circular on Tuesday instructing banks to suspend increases in minimum balance requirements and halt the application …
ANAX Capital enters UAE Financial Market with First Category license obtained from SCA, celebrated with a grand launch at Palazzo Versace
The launch follows ANAX Capital’s recent milestone achievement of securing a First Category license from the Securities and Commodities Authority (SCA) …
ANAX Capital enters UAE financial market with First Category licence
ANAX Capital Financial Markets LLC, a Dubai-based financial services firm, marked its official launch with an exclusive event at Palazzo Versace. The evening brought together VIP guests, international …
CODE81 and Commercial Bank of Dubai sign strategic MoU
Dubai, UAE: CODE81, a leading regional technology innovator, announces the signing of a strategic Memorandum of Understanding (MoU) with Commercial Bank of Dubai (CBD). This partnership aims to …
Mashreq fecomes the first bank in the UAE to offer Aani instant payments for SMEs via Mashreq Biz app
Dubai, UAE: Mashreq, one of the leading financial institutions in the MENA region, has announced the launch of Aani Instant Payments, a new solution enabling SME businesses to collect payments from …
UAE: Minimum bank balance requirement of Dh5,000 suspended
The Central Bank of the UAE on Tuesday postponed its decision for a minimum balance requirement of Dh5,000 for retail customers of local banks. The regulator sent out a notice to all licensed …