UAE Central Bank fines foreign banks over anti-money laundering violations
Banking & Finance
Etihad Credit Insurance
UAE’s Etihad Credit Insurance reports over 15% jump in insured turnover to AED 16.2bn in 2024
Etihad Credit Insurance achieved AED 11 billion in gross exposure and maintained its AA- Fitch rating, boosting UAE exporters in 100+ countries
alternative investment fund
Bahrain’s Investcorp sells entire stake in Indian retailer Citykart
Alternative investment firm Investcorp sells entire Citykart stake to TPG NewQuest and A91 Partners
commercial real estate
GFH Capital, Al Tijaria announce logistics partnership focused across GCC region
Under the agreement, Al Tijaria will act as a technical advisor for one of GFH Capital’s logistics funds
Brand View
Worldpay sees surge in real-time payments and digital wallets as regulatory reforms reshape UAE landscape
Worldpay says regulatory changes, a growing appetite for digital wallets, and strong demand for real-time payouts are driving transformation in the UAE’s payments sector
Abu Dhabi Islamic Bank
Binghatti, ADIB sign massive deal for Sharia-compliant home financing in Dubai
The agreement will enable homeowners to secure financing once construction reaches 35 per cent completion across Binghatti’s development projects
Artificial intelligence
‘Agentic AI’ takes over credit sanctions role as UAE banks make major strides in digital banking
The digitalisation drive is leading to the emergence of major partnerships between banks and fintechs in the region
acquisition
Dubai’s Invictus acquires majority stake in Angolan fertiliser company
Strategically located, Angata specialises in tailored fertiliser blending; It’s the third major acquisition by Invictus Investments in Africa
Abu Dhabi Global Market (ADGM)
Abu Dhabi fines 23 entities $166,000 over tax rules
Abu Dhabi General Market hands out tax fines over tax rule violations
Brand View
“Reinforcing what we already do well and doing it even better”: Zaid S. Al Khayyat on legacy and leading with purpose
From industries as diverse as healthcare to contracting, AKI’s Managing Director shares how building with purpose and people-first values will always win the race
Ministry of Finance
UAE announces new corporate tax rule for partnerships
Under current Corporate Tax Law in the UAE, unincorporated partnerships operate as tax transparent entities
Dubai real estate
UAE announces tax exemption; Expected holiday dates; Dubai real estate cryptocurrency buying tips; visa application centre opened – 10 things you missed this week
UAE tax rules, holiday forecasts, Dubai real estate analysis and more top news stories this week
Crypto economy
“This is the true crypto hub”: Frederica Tompkins Michell on decentralisation, brand building, and why Dubai is leading the future
From blockchain to branding, Binance’s Global Brand Director unpacks the real drivers behind Dubai’s crypto ascent
Bolt
“We don’t want to take an American approach”: BOLT’s Justin Grooms on building for the UAE
How the fintech leader is localising trust, data and identity for the UAE’s fast-moving digital economy
Islamic Finance
UAE’s Islamic T-Sukuk auction attracts AED 6.93bn in bids
The UAE Ministry of Finance has successfully issued AED 1.1 billion in Islamic T-Sukuk for May 2025
Bank of Baroda
JP Morgan-backed ISG partners with Bank of Baroda to launch UAE’s Jaywan Cards
The introduction of Jaywan Cards will help Bank of Baroda’s UAE unit significantly enhance merchant acceptance by offering lower costs and fees
Brand View
From first click to full service: The AI journey in financial services
Real-time analytics, automation, and generative AI are redefining how institutions attract, onboard and serve today’s digital-first financial consumers
