Dubai will protect the rights of financial whistleblowers as it enhances audit rules
Banking & Finance
Latest in Banking & Finance
CBUAE
CBUAE imposes $54.5m sanction on exchange house
Central Bank of the UAE fines exchange house and its branch manager
Corporate tax
UAE announces tax exemption
UAE will exempt certain foreign entities from corporate tax payments
assets under management
Saudi assets under management reach $267bn
Saudi capital market sees 20.9 per cent growth rate in 2024
PIF
Saudi wealth fund PIF opens Paris office to boost European investments
French President joins PIF Governor Al-Rumayyan to inaugurate Paris office during ‘Choose France’ summit
crypto regulation
UAE crypto sector to see increase in mergers and acquisitions as well as strategic partnerships, experts state
Industry players in the UAE are also anticipated to launch global and regional expansion drives, leveraging the country’s regulatory approvals
Emirates Development Bank
Emirates Development Bank launches $272m fund to boost UAE SMEs
Emirates Growth Fund will invest up to $13.6m per UAE SME
banking business
Emirates NBD gets RBI go-ahead to set up wholly owned subsidiary in India
The Dubai bank will be treated on par with local banks after establishing a WOS; It will be allowed to list on Indian stock markets, and acquire other companies
Make it in the Emirates
Make it in the Emirates 2025: UAE industrial exports pass $53bn as sector creates jobs and boosts economy
Industrial growth in the UAE is creating massive job opportunities and making major impact on national economy Make it in the Emirates attendees hear
First Abu Dhabi Bank
FAB becomes first MENA bank to launch Oracle-Mastercard embedded finance solution
The collaboration combines the strengths of the two industry leaders to revolutionise B2B finance and payments processes
Emirates NBD
Emirates NBD launches new credit card with Majid Al Futtaim offering 8% rewards
New credit card links to more than 5,000 stores, providing rewards on purchases both within and outside Majid Al Futtaim’s retail network
Future Investment Initiative
Saudi Arabia’s PIF plans to double European investments to $170bn by 2030
Saudi sovereign wealth fund governor warns EU ‘outrageous’ sustainability rules could drive away investment
Make it in the Emirates
Ras Al Khaimah to showcase tremendous economic growth at UAE manufacturing forum
Ras Al Khaimah highlights investment opportunities at Make it in the Emirates 2025 in the UAE
Hail
Saudi Arabia highlights $13.3bn investment opportunity in Hail region
Saudi Arabia showcases more than 100 investment opportunities worth more than $13bn in Hail
Saudi ministry of commerce
Saudi Arabia warns firms to submit financial statements or face fines
Saudi Arabia’s Ministry of Commerce highlights approaching deadline for financial and accountancy submissions
fintech
UAE fintech sector to hit $6.43bn by 2030
UAE fintech sector is rapidly growing with Dubai and Abu Dhabi developing apace
cashless payment dubai
Dubai Finance and DIFC target cashless future
DIFC and Dubai Finance sign MoU to implement cashless strategy