Prosus NV, the company’s largest shareholder through its subsidiary OLX BV, has committed to invest $100 million in the IPO as part of the offering, reflecting Prosus’ ongoing long-term support of …
Dubizzle Group IPO to open next week on Dubai bourse
Subscription to Dubizzle Group’s initial public offering will open on October 23 when it lists on the Dubai Financial Market. It intends to offer 30.34 percent of its total share capital, or 1.24 …
Sheikh Maktoum approves Dubai Financial Sector Strategy
Dubai has emerged as the world’s single largest licensed Virtual Assets (VA) market, with year-to-date VA transaction volumes across regulated entities …
Dubai’s financial centre: Does on the ground mean in the money?
MOST OF DUBAI – including the part allocated for the Dubai International Financial Centre – is an unfinished building site. Relocation of senior bankers has fuelled something of a buzz in the …
Dubai unveils plan to become top-three global financial hubs on virtual assets boost
Dubai has launched an ambitious overhaul of its financial sector as part of a drive to position the emirate among the world’s top three financial centres. Virtual assets, capital markets and FinTech …
Sheikh Mohammed praises Sheikh Maktoum for driving Dubai’s virtual assets growth
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, praised the growth of Dubai Virtual …
Maktoum bin Mohammed approves Dubai Financial Sector Strategy
Dubai has emerged as the world’s single largest licensed Virtual Assets (VA) market, with year-to-date VA transaction volumes across regulated entities under the Virtual Assets Regulatory Authority …
Dubai Fasset Gets Malaysia Banking License to Launch Shariah-Compliant Stablecoin Bank – A First Globally
Dubai-based Fasset receives Malaysia banking license to launch world’s first Shariah-compliant stablecoin bank.
Stage set for UAE-backed G2G sale of First Women Bank
ISLAMABAD: The Privatisation Commission Board on Friday recommended a reference price for the privatisation of First Women Bank Limited to the Cabinet Committee on Inter-Governmental …
The US has approved billions worth of Nvidia GPU exports to the United Arab Emirates in ‘transformational US-UAE AI partnership deal’
The US government has had a bit of a tumultuous relationship with, well, most of the world around the export of chips, thanks to the exponential growth of AI and the uncertainty of tariffs. Large …
Ministry of Finance showcases digital transformation initiatives at GITEX Global
The Ministry of Finance (MoF) will showcase the latest milestones in its government digital transformation journey, as well as its innovative initiatives and efforts to develop financial services and …
UAE updates Central Bank law
UAE updates Central Bank law to strengthen financial stability, enhance consumer protection, and align banking regulations with global standards …
UAE President issues new law on Central Bank, financial entities
UAE issued a federal decree-law on the Central Bank, and the regulation of financial institutions and insurance activities. The law, issued by UAE President Sheikh Mohamed bin Zayed Al Nahyan, states …
UAE President issues Federal Decree Law on Central Bank, regulation of financial institutions and activities, and insurance activities
It is set to strengthen the Central Bank’s independence and vital role in ensuring financial and monetary stability …
Dubai at heart of $20tn alternative investment boom: DIFC
DIFC report reveals global alternative assets now exceed $20tn, with Dubai emerging as a global hub for high-growth investments …
DIFC’s ‘Future of Alternative Investments’ report underscores Dubai as gateway to diversified, high-growth markets for investors
DIFC’s role as a platform with powerful tools and globally recognised legal and operational frameworks to facilitate efficient cross-border investment …
My Dubai Salary: ‘I aim to be mortgage-free in seven years and retire when I’m 40’
Jayesh Jain, an Indian expat in Dubai, is only 33 but already owns two properties in Dubai and as many in his home country. With the aim of retiring aged 40, he hopes the investments he has made will …