Blended finance requires public money … The COP president, Sultan Al Jaber, is the CEO of the United Arab Emirates’ national oil company, and has made engagement with the sector a top priority. In …
ADGM to host Abu Dhabi Sustainable Finance Forum during COP28
Abu Dhabi [UAE], November 3 (ANI/WAM): In a significant alignment of sustainability and finance on the global stage, Abu Dhabi Global Market (ADGM) has announced the hosting of the sixth edition of …
Ministry of Finance announces new corporate tax decisions related to Free Zones
Abu Dhabi, UAE: The UAE Ministry of Finance has issued Cabinet Decision No. 100 of 2023 on Determining Qualifying Income, as well as Ministerial Decision No.265 of 2023 on Qualifying Activities and …
XRP approved by Dubai’s Financial Services Authority
The XRP token now stands to benefit from legal and regulatory clarity in the DIFC, according to the announcement.
Dubai Financial Services Authority approves Ripple XRP under virtual assets regime
-(BUSINESS WIRE)-Ripple, the leader in enterprise blockchain and crypto solutions, today announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within …
ADIB releases its sustainable finance framework
Abu Dhabi, UAE: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has announced the publication of its debut Sustainable Finance Framework with the report from the Second Party Opinion …
First Abu Dhabi Bank introduces SlicePay BNPL card in the UAE powered by Mastercard
For the first time in the region, the innovative Mastercard Installments Program gives shoppers the flexibility to convert purchases into four installments with no fees and no interest …
Emirates NBD observes UAE Flag Day
Dubai, UAE: Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, commemorated UAE Flag Day with staff ceremonies at its Deira headquarters and Meydan …
Dubai Financial Center regulator approves TON and XRP tokens
The Dubai Financial Services Authority (DFSA), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre has recognized two new crypto tokens TonCoin (TON) …
Middle East alternative asset manager Investcorp sets IPO price range for vehicle
Investcorp said the vehicle plans to offer 643 million ordinary shares and wants to list on the Abu Dhabi Securities Exchange.
Investcorp Capital targets $403 million for IPO on Abu Dhabi exchange
Alternative investment firm Investcorp Capital is looking to raise up to $403 million from its initial public offering on the Abu Dhabi Securities … shares with a nominal value of about 1.84 UAE …
Investcorp Capital IPO: Company aims to raise $403 million through ADX listing
The ADX also hosted the largest Mena IPO in the second quarter, with Adnoc L&S raising $769.5 million. The Dubai International Financial Centre branch of Moelis & Company UK has been appointed as the …
S&P praises ongoing development of UAE’s banking sector
International credit rating agency Standard & Poor’s (S&P) praised the ongoing development of the UAE’s banking services sector. The coexistence of traditional and Neobanks has become more likely, …
DIFC Champions Dubai as a Global Crypto Hub with Approval of XRP Under its Virtual Assets Regime
today announced that the Dubai Financial Services Authority (DFSA) has approved the digital asset XRP for use within the Dubai International Financial Centre (DIFC). Licensed virtual asset firms …
Dubai firm fined $370,000 for financial service violations
The Dubai Financial Services Authority (DFSA) described FFA Private Bank’s approach towards assessing suspicious trading as “flawed” …
Al Ansari Financial Services announces Dh300 million maiden interim cash dividend
Al Ansari Financial Services PJSC, one of the leading integrated financial services groups in the UAE, on Thursday announced the approval of its first prop..
Dubai debtors who prove inability to pay could avoid imprisonment
Debtors in Dubai civil matters able to prove their inability to meet court-ordered payments are not subject to arrest warrants in most cases, the emirate’s highest judicial body has said. Creditors …