The new feature wallows over 8.5 million botim UAE users to begin their gold investment journey with a minimum of just 0.1 grams
Under the qualified status, the DMTT provides certainty to MNE groups that no foreign tax will be applied to UAE profits, while other jurisdictions will recognise the top-up tax obligations due in the UAE
By streamlining access to lenders and giving users full control of their home financing journey, Holo is reshaping how people buy homes across the region
The exit highlights Amanat’s “identify, grow, monetise” approach, with proceeds earmarked for reinvestment
The 2024 agreements also marked the Fund’s expansion into five new countries
Over the next five years, 58 per cent believe the Middle East will generate the strongest returns
Investors in the region face unique challenges, from energy price volatility to regional political tensions, and these factors can have a profound impact on local markets and investor sentiment, says Lai
Foreign strategic investors are exempt from this cap, provided they hold their shares for a minimum of two years
More than 300,000 commission-free trades were executed on the Dubai Financial Market (DFM), Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai
Total operating expenses, including provisions and expected credit losses (ECL), rose 22 per cent YoY
The partnership will enable Zand to offer seamless, secure and efficient cross-border money transfers to its customers
Bitcoin’s rally is being powered by growing certainty of Fed rate cuts, sustained institutional buying, and moves by the Trump administration to ease investment in crypto assets
According to its recently released 2024 annual report, the fund delivered an average total portfolio return of 7.2 per cent annually since 2017
Total transactions rose 10 per cent YoY to 28 million
The region’s 9 per cent AuM growth underscores its rising prominence as a hub for institutional and retail capital, says BCG’s Lukasz Rey
The UAE saw a single listing, Dubai Residential REIT, which raised $584m on the Dubai Financial Market
The companies aim to build predictive systems for sensitive areas of the global financial ecosystem
A strong internal control framework relies on five key pillars: control environment, risk assessment, control activities, information and communication, and monitoring, shares the group CFO
In 2024, Thndr recorded more than $13bn in trading value and executed 12 million trades
Created by accountants for accountants, Tax Star integrates seamlessly with existing systems to automate daily tasks
The agreement defines a unified registration mechanism for VASPs across both jurisdictions and outlines operational coordination principles based on mutual collaboration and effective oversight
According to Fitch Ratings, GCC banks with Turkish exposure may benefit from reduced net monetary losses if inflation in Turkey continues to ease
As high-net-worth individuals flee economic uncertainty and political instability, the Emirates is emerging as the world’s top destination for relocating wealth
The accumulation of losses has been attributed primarily to impairment provisions from non-core investments following the global financial crisis
RIQ will deliver AI-native risk transfer solutions tailored to IHC and its group companies
The action was taken under Article (14) of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations
The results also underscore Dubai and the UAE’s continuing appeal as hubs for foreign direct investment
CBUAE took the decision following the US Fed’s announcement to keep the interest rate on reserve balances (IORB) unchanged
SuperQi aims to serve millions of Iraqis, offering a comprehensive suite of services that include scan-to-pay, money transfers, bill payments, loans, mobile recharge and other payment solutions
Proceeds from the issuance will partly fund a tender offer of up to $100m for Arada’s outstanding 2027 Sukuk, with the remainder earmarked for general corporate purposes