Magellan Capital, a Dubai-based diversified investment manager focusing on highu0002quality and deep-value businesses across the capital spectrum, today announced the launch of the Magellan Absolute …
Dubai announces $27.2bn expansion of Dubai International Financial Centre
The expansion will enable DIFC to host over 42,000 companies and support a workforce of more than 125,000 people.
UAE pilots biometric payments using facial and palm recognition
UAE pilots biometric payments using facial and palm recognition, signalling a shift toward card-free, secure digital transactions …
Ministry of Finance hosts 2nd dialogue with senior executives of UAE businesses operating in GCC countries
Dubai: The Ministry of Finance (MoF) has organised the second high-level dialogue with senior executives from UAE companies operating in the Gulf Cooperation Council (GCC) countries, under the title …
UAE Approves Nation’s First Dollar-Pegged Stablecoin USDU
UAE approves its first USD-backed stablecoin, USDU, under central bank regulation, boosting secure and transparent digital finance.
Dubai Financial Market delivers a strong 2025 performance, recording 158% growth in net profit before tax to AED 1.06bln
Dubai, UAE – Dubai Financial Market (DFM) today announced its consolidated financial results for the fiscal year ended 31 December 2025, reporting a net profit before tax of AED 1.06 billion. The …
Universal launches UAE’s first Central Bank-registered USD stablecoin
USDU becomes the first USD-backed stablecoin registered by the Central Bank of the UAE as a Foreign Payment Token under the Payment Token Services Regulation (“PTSR”).
UAE ranks 9th in Global AI for Finance Competitiveness Index
Hong Kong: The UAE has been ranked 9th in the Global AI for Finance Competitiveness Index (GAICI), which was released today by Deep Knowledge Group with the Hong Kong Financial Services Development …
Bybit Launches AED Bank Deposits in the UAE with 750,000 AED Reward Pool
Abu Dhabi, United Arab Emirates, January 28th, 2026, ChainwireBybit, the world’s second-largest cryptocurrency …
No more bank card? UAE announces futuristic plans to pay with your face
Soon, you could make payments seamlessly with biometric facial scanning technology in Dubai and the other emirates.
Emirates NBD Capital becomes first Middle Eastern investment bank to secure merchant banking licence in India
Regulatory approval from the Indian market regulator enables the firm to offer a full suite of equity and debt capital market services, including IPOs and bond placements …
UAE pilots region’s first biometric payments using facial and palm recognition
The solution is enabled by Network International and powered by PopID, combining biometric authentication with secure payment processing infrastructure …
Dubai’s Magellan Capital launches flagship $975m hedge fund
Dubai Financial Services Authority (DFSA) -regulated investment manager Magellan Capital has launched its flagship multi-strategy hedge fund with $975 million of public markets assets, marking the …
UAE’s biggest bank FAB net profit rises 22% in fourth quarter
First Abu Dhabi Bank reported an increase of 22% in fourth-quarter net profit, driven by growth in its operating income amid “sustained business momentum” and rising non-interest income, it said in a …
Dubai announces largest demand-led expansion of a financial centre in the Middle East, Africa and South Asia – with a total gross floor area of 17.7mn sq.ft.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today launched the expansion of Dubai International Financial Centre (DIFC) that …
Dubai to expand financial hub with $27 billion in new projects
Dubai is planning projects worth more than 100 billion dirhams ($27 billion) to expand the Gulf financial hub as an influx of foreign firms pushes occupancy to limits and leaves global firms …
Dubai unveils $27.2bn DIFC Zabeel District in landmark financial hub expansion
Dubai unveils $27.2bn DIFC Zabeel District, a landmark expansion set to reshape the city’s financial hub amid global finance ambitions …