Total value of crimes worth over $223 million; An Emirati and 53 foreign nationals produced in court for money laundering, and forgery of documents …
UAE: EGA finances US acquisition with green loan facility
The green loan facility enables access to a larger liquidity pool to fund low-carbon projects while optimising the cost of borrowing …
Dubai Finance, PwC Academy sign deal to launch Tax Professional Certificate
DUBAI – Dubai Finance (DOF) and PwC Academy, the talent and skills development business of PwC Middle East, one of the global Big Four consulting firms, have entered a strategic partnership by signing …
Hamdan bin Mohammed issues Resolution pertaining to foreign banks operating in Dubai
The Resolution, which specifies administrative violations and applicable fines for foreign banks, aims to enhance compliance among banking sector institutions …
Talabat Stumbles Despite UAE’s Top 2024 Listing
The Middle East subsidiary of Delivery Hero, Talabat, raised $2 billion from an initial public offering on Dec. 10. Talabat sold more than 4.65 billion shares at AED1.60 ($0.44) per share. The sale of …
Hamdan issues resolution pertaining to foreign banks operating in Dubai
In his capacity as Chairman of The Executive Council of Dubai, Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, and Deputy …
Global Rules, Local Impact: UAE Aligns With OECD
The OECD framework aims to clamp down on tax avoidance. The OECD regulations known as the Global Anti-Base Erosion Rules or GLoBE, has seen over 135 jurisdictions agree to update elements of the …
Dubai Finance, PwC Academy sign MoU to launch Tax Professional Certificate
Dubai Finance (DOF) and PwC Academy, the talent and skills development business of PwC Middle East, one of the global Big Four consulting firms, have entered a strategic partnership by signing a …
Mubadala buys majority stakes in two UAE healthcare firms
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Dubai Villas Pricing & Terms: Are You Eligible to Buy a Villa in Dubai?
Dubai’s luxury real estate market is a magnet for expats and investors seeking opulent homes and lucrative opportunities. Among the most coveted properties are Dubai villas, renowned for their …
Hedge Funds Expand Into Dubai As Moore Capital Spin-Off JJJ Enters Market
Dubai JJJ, a new hedge fund established by former Moore Capital executives, has made a significant move into Dubai’s thriving financial market, joining a growing list of hedge funds that are …
Emirates Islamic wins ‘Best Islamic Bank for SMEs’ and ‘Best Bond Issue of the Year’ at MEA Finance Awards 2024
The bank was recognised as ‘ Best Islamic Bank for SMEs ’ for its strong proposition for small and medium enterprises …
Dubai outperforms other Gulf markets in early trade
Dubai’s benchmark share index jumped to its highest level in more than a decade on Thursday, lifted by real estate and industrial stocks, while most other markets in the Gulf also gained amid stronger …
Future of banking is AI-driven and ADIB is ready to evolve, CEO says
Mohamed Abdelbary is convinced that how banks serve their customers today will be radically different in a decade. He is relying on generative artificial intelligence to transform Abu Dhabi Islamic …
UAE IPO pipeline to remain strong as some big names likely to go public in 2025
The initial public offering (IPO) pipeline looks healthy for the next year after seven raised $6 billion (Dh22 billion) this year.Analysts say some of the big industry players such as Abu Dhabi’s …
UAE: Debit card registered on social media sites? Your data can be compromised
Qaisar Mahmood, owner of Asaa Tours and Travels, learned the hard way about the dangers of sharing his financial information on social media platforms. After putting his debit card details on a social …
Amid Gulf gloom, Dubai share index hits over a decade high
Dubai’s benchmark stock index extended its gain to a second straight session, rising 0.6% to 5,093, its highest in 10 years and three months. Emirates NBD, Dubai’s largest lender, rose 0.8 and Gulf …