The UAE’s top 10 listed banks have posted a strong first quarter marked by healthy income growth, cost optimisation, and strategic repositioning —despite a backdrop of global economic uncertainty and …
Trading halted for Emirates Islamic Bank after share buyout
The Dubai-based lender has acquired the outstanding shares at AED 11.95 each, amounting to approximately AED 69.8m ($19m), according to a company statement. EIB will continue to operate under its …
Sharjah Islamic Bank strengthens capital with new Sukuk
This most recent transaction marks the fifth listing by the Bank on Nasdaq Dubai, raising its total listed value on the exchange to AED9.1 billion ($2.5 billion) …
Nasdaq Dubai welcomes Mashreq’s $500mln debut sukuk listing
Dubai: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq’s $2.50 billion Trust Certificate …
Hedge fund giants are backing more external fund managers. Here’s why smaller rivals are doing the opposite.
Firms like $12 billion Brummer & Partners are hiring more internal portfolio managers.
Investopia Global launches New Economy Talks in Cyprus to boost UAE–Mediterranean investment partnerships
Event draws participation of 300 VIPs including ministers, senior government officials, businessmen, and private sector representatives …
S&P and Moody’s upgrade Emaar’s credit ratings, citing strong financial performance and robust revenue visibility
S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, with a stable outlook, while Moody’s upgraded Emaar’s long-term issuer rating to Baa1 from Baa2, also with a stable …
EU plans to remove the UAE from its ‘high-risk’ money-laundering list
The European Union plans to remove the UAE from its list of countries that pose a high risk for money laundering, amid growing efforts by the Emirates to boost its regulatory framework. The European …
World Bank upgrades UAE growth forecast to 4.6% this year on non-oil boost
The World Bank has upgraded its growth forecast for the UAE to 4.6 per cent this year, up from its 4 per cent projection in January, on expanding non-oil activity and phase-out of the Opec+ oil …
Talabat doubles down on growth after IPO splash
CNBC went inside Middle East delivery giant Talabat, months after its public listing in Dubai. CEO Tomaso Rodriguez tells CNBC’s Dan Murphy about what he’s focusing on.
EU Plans to Delist UAE from Its Money-Laundering Risk List
The European Union is moving to drop the United Arab Emirates from its list of countries flagged for having weak systems against money laundering and terrorism financing.The decision, announced by the …
Circle (CRCL) IPO Soars, Sparks Talk of Crypto Public Listing Boom
Circle ( CRCL, Financials ), the issuer of USDC, saw its shares jump 245% in its debut weekan explosive public market entrance that could set off a wave of crypto IPOs, according to a new report from …
EU removes UAE from ‘high-risk’ money-laundering list
EU removes UAE from UAE from high-risk money-laundering risk as the country makes efforts to strengthen financial regulations …
Dh339 million in fines as UAE launches major money laundering crackdown
The UAE is aggressively combating financial crimes, imposing over Dh339 million in penalties on financial institutions for AML/CFT failures. The Central Bank of the UAE has been actively issuing …
World Bank raises UAE growth forecast for 2025 and 2026
The World Bank has raised its economic growth forecasts for the UAE for 2025 and 2026, citing robust expansion in both hydrocarbon and non-oil sectors. This growth is expected to offset the negative …
UAE: First finfluencers hail new licence, say will reduce misinformation
Regulating financial advice given on social media will help reduce misinformation, UAE’s first finfluencers said to Khaleej Times days after the Securities and Commodities Authority (SCA) licensed …
Ministry of Finance hosts awareness session for Emirati students in China on career opportunities in international financial organisations
The Ministry of Finance, in collaboration with the UAE Consulate General in Shanghai and the New Development Bank, organised an awareness session for Emirati students studying in China as part of the …