UAE tax authorities conduct record number of inspections and collects tax and fine revenue
Banking & Finance
Abu Dhabi Securities Exchange
Emirates NBD’s zero-fee trading hits $1.4bn in first year
Emirates NBD sees more than 300,000 commission-free trades on UAE exchanges within one year of service launch
DMCC
Dubai free zone DMCC attracts 1,100 new companies in H1 2025 as tech and trade ecosystems surge
Dubai Multi Commodities Centre is attracting more businesses and more sectors as it reports record performances
pension funds
Rolls-Royce sells its UK Pension Fund in a $5.8bn deal with PIC
Said to be “another step on our journey towards simplifying Rolls-Royce”, it is the largest UK risk-transfer deal so far this year
saudi tax
Saudi Arabia warns businesses to submit tax filings by Sunday or face fines
Saudi tax authorities issue final call for July tax filings ahead of looming deadline
Abu Dhabi Securities Exchange (ADX)
Thndr joins ADX as first remote retail trading member, unlocking UAE market access for millions of investors
With more than $13bn in trades and over 4m users, digital investment app Thndr joins Abu Dhabi Securities Exchange
Brand View
Rania Nerhal sheds light on humanising the digital banking system
From regulation to open finance, several trends are set to redefine the next generation of banking
Brookfield Asset Management
Brookfield appoints Saad Alfadly as Chairman of its KSA Board
Saad brings over 25 years of experience and will oversee Brookfield’s strategic direction and objectives in the Kingdom
Al Mal Capital REIT
Dubai’s Al Mal Capital REIT raises AED 210mn in oversubscribed public offering
This comes amid a broader uptick in investor interest in REITs across the region
Central Bank of the UAE
Tarabut’s open finance platform secures in-principle approval from CBUAE
Becomes the first regional fintech to be licensed under Open Finance frameworks in three major Gulf economies – Saudi, Bahrain and now UAE
Al Ramz Capital
Al Ramz net profit jumps to AED 18.8mn in H1 2025
The UAE-based financial services firm’s net profit jumped sevenfold on market-making gains and digital growth
Abu Dhabi
First Abu Dhabi Bank opens new London branch, marking 48 years in the UK
FAB first entered London through its predecessor National Bank of Abu Dhabi, and the city now serves as a hub for private banking, corporate advisory, and cross-border capital flows
Estithmar Holding net profit doubles to $128mn in H1 2025
Doha-based investment firm posts revenue of QAR 3.073 billion as international expansion drives growth
Central Bank of the UAE
UAE central bank follows Fed lead and maintains base rate at 4.4%
Also decides to maintain the interest rate applicable to borrowing short-term liquidity at 50 basis points above the Base Rate
Emirates NBD
Joyalukkas secures AED500m capital boost from Emirates NBD for global expansion
The deal is fully integrated with Emirates NBD’s advanced digital and trade platforms, offering Joyalukkas real-time visibility and convenience across its financial operations.
Central Bank of the UAE
UAE central bank suspends foreign insurer’s motor business over solvency issues
The CBUAE cited the entity’s non-compliance with solvency and guarantee requirements specified in the Law and prevailing regulations governing insurance companies in the UAE as the reason for the suspension
Brand View
Standard Chartered launches UAE’s first Sustainable Escrow and Account Bank solution
New solution enables clients to align cash deposits with sustainability goals through a market-first offering available in the UAE and beyond