The Central Bank of the UAE has established clear guidelines for residents seeking compensation for damaged banknotes. Compensation, either full or half value, hinges on the amount of the note …
Dubai takes control of linchpin of emirate’s consumer economy
Government steps in to overhaul governance and resolve troubled succession at Majid Al Futtaim’s parent company …
Dubai real estate sales hit $18B in May amid tokenization push
Property sales in Dubai surged 44% year-on-year to $18.2 billion in May 2025, signaling readiness for real estate tokenization as regulations and billion-dollar deals take shape.
Dubai mortgage company merger still not certain
It makes sense because Amlak and Tamweel, which represent more than 60% of the mortgage industry in Dubai, are very important to the real estate market,’ he said. He said that there is a common …
30 Sanctioned in One Blow! U.S. Cracks Down on Iran’s UAE-Hongkong Shadow Banking Network
The United States has launched a new wave of sanctions targeting a secret financial network that helps Iran move billions of dollars around the world. This system, often called a “shadow banking” …
Ctrl Alt Obtains VARA License, Becomes First VASP Authorized to Conduct Issuer Services in Dubai
Ctrl Alt, a tokenization infrastructure platform, has officially secured its license from Dubai’s Virtual Assets Regulatory Authority (VARA).
US-UAE multi-billion dollar AI data campus deal far from finalised, sources say
A multi-billion dollar deal to build one of the world’s largest data centre hubs in the United Arab Emirates with U.S. technology is far from being concluded due to persistent concerns around security …
Dubai grants DIFC licence for Transamerica Life Bermuda as it boosts insurance for HNWI
Transamerica Life Bermuda, the global high-net-worth (HNW) life insurer, has been granted a licence by the Dubai Financial Services Authority (DFSA) to establish a presence in Dubai International …
UAE businesses confident of international trade growth despite tariff woes
Businesses in the UAE remain highly confident in their international trade prospects, with 94 per cent saying they expect to grow cross-border trade in the near future, according to HSBC’s 2025 Global …
Dubai’s FIVE Holdings mulls IPO and listing in London or New York: Report
Founder and Chairman Kabir Mulchandani has always looked at Dubai for primary listing, but a Reuters report says it could be an international exchange …
UAE parents open bank accounts for kids to save Eidiya
In the UAE, parents are modernizing the Eid tradition of Eidiya by opening bank accounts for their children. This approach teaches kids financial responsibility early on, fostering long-term saving …
UAE SMEs remain optimistic amid economic pressures, reveals RAKBANK index
The findings of RAKBANK’s index are based on responses from over 1,200 SMEs across the UAE, surveyed between October and December 2024 …
Ripple Gains Regulatory Approval for RLUSD Stablecoin in Dubai
Ripple got two approvals that mean it can integrate RLUSD into the global payment services it’s offering in Dubai and the UAE.
UAE: Bank accounts for Eidiya? How some parents teach children value of saving
Eidiya, a cherished cultural practice in which children receive gifts often in the form of money from relatives during Eid, has long been a source of joy for little ones.
Plot of land in Dubai Islands sold for Dhs868 million
Dubai’s real estate market on Wednesday recorded the sale of a plot of land in the “Dubai Islands” area for a total value of nearly Dhs868 million. According to data from “Dubai REST,” the land spans …
Dubai’s FIVE Hotels mulls IPO in London or New York
Dubai-based party hotel operator, FIVE Holdings, is contemplating a listing in either London or New York, according to a Reuters report on Wednesday. The company, owner of the Pacha hotel and …
Dubai party hotel FIVE considers listing in London or New York
The company, which owns the Pacha hotel and nightclub, has been exploring an initial public offering in Dubai, it has said …