“It is rumoured that the ‘Dubai Move’ was formulated with assignments given to … He also alleged that former prime ministers and former ministers of finance and their allies were involved in the …
Dubai robotics start-up Micropolis files for $37mln IPO in US
Dubai-based robotics start-up Micropolis has filed for an initial public offering (IPO) to raise around $37 million and intends to list its shares on the New York Stock Exchange (NYSE).
Dubai Financial Market sees $18.39mln direct deal on Al Ramz Corporation shares
DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million.
UAE insurance sector robust in Q3; total assets hit $35.8bn
The data shows that quarter-on-quarter performance remains equally positive, with assets rising 3.05% (AED 3.9 billion) to AED 127.7 billion between Q2 and Q3 of 2023. This sustained growth signifies …
Dubai’s property market is bracing for a slowdown
Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city.The Egyptian couple, who spent …
Israel-Gaza war live: UAE calls for UN Security Council meeting on West Bank escalation
Latest from the Israel-Gaza war – in pictures …
Standard Bank and Mashreq conclude syndication facility deal for DBSA
Standard Bank, Africa’s largest bank, achieves a landmark by orchestrating a $255m syndication facility for Development Bank of Southern Africa in the UAE, diversifying funding sources and supporting …
Dubai fines brokerage $1.37m for failing to comply with regulatory requirements
The Dubai Financial Services Authority has imposed a fine of more than Dh5 million ($1.37 million) on brokerage RJ O’Brien Mena Capital for failing to comply with regulatory requirements. The fine was …
UAE issues new buy-now-pay-later rules
Acknowledging the global shifts in consumer financial trends and the increasing demand for “buy-now, pay-later” and similar credit products and services, the Central Bank of the UAE has announced the …
Dubai firm fined Dh5 million for failure to meet compliance regulations
The Dubai Financial Services Authority (DFSA) has imposed a fine of Dh5,023,375 on a firm for violating DFSA legislation on compliance …
Dubai Financial Market sees $1.02mln direct deal on Ekttitab Holding shares
DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Ekttitab Holding with a total value of AED3.78 million. According to DFM data, the deal was …
LuLu Exchange marks milestone with grand opening of the 100th customer engagement centre in the UAE
The branch was inaugurated by H.E. Satish Kumar Sivan, Consul General of India, Dubai, alongside Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings in the esteemed presence of other dignit …
UAE, India finalize oil trade with rupees instead of dollar
India and the United Arab Emirates (UAE) have executed their first-ever oil trade using India’s rupee instead of the US dollar. This groundbreaking agreement reflects both countries’ commitment to …
Meet the husband-wife duo bringing high-quality Palestinian products to the UAE market
Meet Aziz Khatib and Tala Hammash — the young enterprising husband-wife duo behind the UAE-based brand Jenin gaining a reputation for bringing high quality..
UAE: What would you do if you win Dh200 million? Residents share grand dreams
spoke to three individuals with different perspectives to learn what they would do if they won this life-altering amount …
UAE sets out legislation to regulate buy-now-pay-later credit
BNPL fintech firms can provide short-term credit services upon being licenced by the UAE central bank as restricted licence finance companies.
Real Estate Investment in Dubai – 5 Easy Ways for Indians to Get Started
However, establishing a successful real estate investment portfolio in Dubai requires strategic foresight. Understanding the real estate trends, legal framework, and cultural nuances are integral to …