The acquisition makes Al Ansari Financial Services the largest non-banking financial institution in the GCC region in terms of its branch network.
Banking & Finance
assets under management
India-based Ambit Global Private Client expands footprint into Dubai
The new entity, Ambit Global Private Client (MENA) Limited, is the result of the strategic acquisition of Dubai-based Moonrock Investments Ltd by Ambit
CBUAE
UAE bank investments rise to $202bn in January 2025
This represents a 16.1 percent growth compared to January 2024, according to the Central Bank of the UAE’s latest banking indicators
content creators
UAE tax authority launches new Moáther package to support influencer tax compliance
FTA aims to support business sectors by providing them with tools for self-compliance with UAE tax legislation
Donald Trump
UAE exchanges, fintechs brace for Trump tariffs impact on remittances as global trade tensions mount
Money transfer firms in Dubai are bracing for currency swings as Trump’s tariffs shake global trade, impacting remittances to India, Pakistan, and the Philippines
digital payments
Telr expands Saudi presence through strategic partnership with Saudi Awwal Bank
The partnership will provide merchants with access to a comprehensive suite of payment solutions
ESG investments
Revealed: UAE, Middle East fast emerging as global capital for private wealth management
Ongoing global market turbulence drives wealthy elite to safer markets like the UAE and wider Middle East after suffering multi-billion losses
CBUAE
Tap Payments obtains UAE Central Bank licence for payment services
The digital payments industry in the UAE continues to expand rapidly, with transaction values projected to reach $80.37 billion by 2025
Al Salam Bank-Bahrain
Al Salam Bank and Eagle Hills Diyar to ease real estate financing for clients
The Manama bank to offer Eagle Hills customers competitive profit rates, a grace period of up to six months and loyalty reward points
digital financial services
Pakistan’s Haball secures $52mn pre-Series A funding round, eyes Saudi Arabia expansion
The Sharia-compliant fintech Haball is exploring additional market entries across the Middle East, including the UAE and Qatar, as well as Asia
Corporate tax
UAE announces tax update
UAE Ministry of Finance announces tax rules for non-resident investors
Corporate tax
UAE announces major new tax rules
UAE introduces Cabinet Decision to amend tax rules and attract investment
Egypt
UAE’s Maseera acquires Egyptian fintech ADVA
The move marks a critical milestone in Maseera’s regional expansion strategy
banking services
Oman mandates IBAN for domestic transfers from July 2025
The move follows the Oman Central Bank’s implementation of the IBAN system for international transfers from March 31, 2024
Egypt
Egypt and Jordan thank the European Parliament for new financial aid
The European Union members recently approved loans worth $4.4 billion in three instalments to Egypt and $555 million to Jordan
SC Ventures
Standard Chartered’s SC Ventures to replicate Asia, Africa SME model in GCC
SC Ventures to bring its successful SME building strategy in India, South East Asia and Africa to GCC, and plans to roll out an ambitious growth plan through a series of strategic tie-ups
CBUAE
UAE Central Bank revokes licence of Dynamics Insurance Brokers for regulatory breaches
Dynamics Insurance Brokers “failed to comply with the licensing terms and requirements issued by the Central Bank and with the further requirements stipulated in the regulation,” the UAE Central Bank said
