In a region where family, stability, and legacy are deeply rooted, preparing a Will is one of the most important acts of care a person can take in these times
Dubai International Financial Centre
Latest in Dubai International Financial Centre
Dubai
Dubai real estate: H&H launches Eden House Za’abeel residential development in DIFC
The development represents the expansion of the company’s Eden House brand portfolio within Dubai’s property market
Abu Dhabi Global Market
‘Magnet for hedge funds’, the UAE could change the $4.5tr global industry
New IG Prime report says Dubai and Abu Dhabi are expected to see the most hedge fund growth, and increase pressure on global regulators with their rules
Arada
Dubai real estate: Arada launches world’s first precision wellness destination ‘Akala’
Akala Hotel & Residences, will house 534 branded residences located between Dubai International Financial Centre (DIFC) and Downtown Dubai
DFSA
Dubai’s DFSA tokenisation sandbox receives 96 applications from financial firms
The sandbox, part of the DFSA’s Innovation Testing Licence programme, aims to enhance innovation while maintaining market integrity and protecting investors
DIFC
Dubai real estate: 366 DIFC Heights homes sell out in just days
DIFC Heights Tower sells out in days as investors snap up homes in Dubai financial district
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
DIFC
Dubai real estate: DIFC launches Heights Tower with sales starting April 16
Heights Tower in Dubai’s DIFC will feature 366 luxury residences across 32 floors, ranging from one-bedroom apartments to four-bedroom duplexes
DIFC
Dubai rated as a top 5 FinTech city and climbs financial centre rankings
Dubai emerging as one of the most important financial centres in the world in respected ranking
DFSA
DFSA to organise Regulatory Sandbox to enhance tokenisation in DIFC
Sandbox offers a regulatory pathway from experimentation to full authorisation; Firms are invited to submit an Expression of Interest before 24 April
Dubai
Ripple becomes first blockchain-enabled payments provider to secure DFSA licence
Having established its Middle East headquarters in DIFC in 2020, more than 20 per cent of its global customer base is already operating in the region
Cryptocurrency
Nod for stablecoins USDC and EURC to accelerate UAE’s emergence as a crypto powerhouse, say experts
The DFSA’s decision will enable over 6,000 DIFC firms to use these stablecoins for payments and treasury functions legally
DFSA
DFSA-regulated entities jump 31% in 2024 to go past the 900 mark
The DFSA authorised 946 individuals and 17 Designated Non-Financial Business or Professional corporate services providers during the year
DIFC
DIFC shatters revenue and occupation records in 20th year of operation
Reports 55% jump in operating profit to $363mn; 37% increase in revenue to $484mn; 25% growth in active companies to 6,920
DFSA
ASB Capital commences operations in Dubai, aims to bridge regional and global markets
The firm said it will offer a diverse portfolio of wealth and asset management solutions, including public markets, private markets, and investment banking
DIFC
DIFC Courts growing workload – 114 claims filed for $7.6bn in 2024
Small Claims Tribunal records 592 claims; 11.2% increase in the number of registered law firms in the emirates to 208