Mashreq Delivers $2.45bn Net Profit In 2024
The bank reported a 24% jump in its revenue in 2024 to AED 13.4 billion Read more
DFSA Co-leads Report On AIs Impact In Financial Services
The report, prepared alongside UK’s FCA, provides key insights on the use of consumer-facing AI in global financial s... Read more
UAEs Crypto Regulation Offers Model For Others As New Report Reveals Rising Extremist Funding In Europe: Experts
A new report suggests that Europe's crypto extremism problem is growing faster than anyone expected Read more
Emirates NBD Reports Record $7.4bn Profit Before Tax
Emirates NBD reports profit after tax of $6.3bn Read more
EXCLUSIVE: Careem Pay Launches Fee-free Remittance Service, Undercuts Traditional Exchanges
The move comes as conventional exchange houses increased their fees by 15% last year Read more
UAE Corporate Tax: FTA Sets March Deadline For Registration Of Natural Persons
According to the FTA, a natural person is defined as a living individual of any age, residing in the UAE or elsewhere Read more
NEOM Announces $3bn Financing For Ambitious Developments
NEOM has secured massive financing agreement with Italian group and international banks Read more
Arab Financial Services Expands Into UAE To Enhance Digital Payments Ecosystem
The move follows the successful acquisition of a retail payment services license – category II from the Central Bank ... Read more
Tabby Says No New Minimum As Some Online UAE Stores Set AED300 Order Threshold
New threshold targets larger transactions over smaller purchases Read more
Saudi Arabia Now Allows Foreign Investment In Listed Real Estate Companies In Makkah And Madinah
Saudi Arabia announces plans to allow foreigners to invest in real estate companies listed in the country Read more
Abu Dhabi Commercial Bank Outlines Plan To Double Profit To $5.4bn In 5 Years
Abu Dhabi Commercial Bank unveils major expansion and dividend growth plans for next five years Read more
Bahrain Likely To Issue $2-3bn International Bonds, Sukuk In 2025
It could reduce its issuance if it receives more support from other GCC states versus expectations, or, if oil prices e... Read more
Derayah Announces IPO, Set To List On Saudi Exchange With 20% Share Offering
The company said the offer price for the share sale will be determined at the end of the book-building period Read more
RAKBANK Posts Record Over AED 2bn Profits In 2024
For Q4’24, the profit after tax was AED 386M, and the profit before tax was AED 424M, representing declines of 10.4% ... Read more
DP World Announces Multi-currency Stablecoin To Support Global Trade Transactions
DP World stablecoins will solve many issues for cross-border payment solutions with introduction of stablecoin system Read more