Hasan Fardan Al Fardan, CEO of Al Fardan Exchange, shares insights into the family business’s evolution from the UAE’s pearl trade roots to a global remittance leader
Financial Services
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Tabby completes secondary share sale at $4.5 billion valuation
The transaction involved HSG, Boyu Capital and other investors acquiring shares from existing shareholders
Financial Services
Goldman scales regional offering with onshore private banking services in KSA
The firm will work in partnership with its Asset Management and Global Banking and Markets businesses in the region
Dubai Financial Services Authority
Julius Baer names Regis Burger CEO of Middle East unit
The appointment is subject to regulatory approval by the DFSA, the bank says
astra tech
Astra Tech rebrands PayBy as ‘botim money’ to expand fintech services
The company said the rebrand reflects the platform’s evolution into a broader fintech ecosystem
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
financial institutions
Kenya’s Equity Group to open representative office in the UAE
The new office aims to facilitate business, trade and investment opportunities with the UAE, and the wider Middle East, India, Central and South Asia regions
CBUAE
UAE central bank fines foreign bank branch $164,000 for regulatory violations
The UAE central bank did not identify the specific foreign bank branch that received the penalty
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
Al Ansari Exchange
Al Ansari Exchange renews strategic partnership with Visa
Promises to unlock new opportunities and deliver significant value across the financial services ecosystem and accelerate the future of digital payments
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
Al Ansari Financial Services
Al Ansari’s CashTrans partners with Sharjah Islamic Bank to enhance cash management services
Collaboration aims to streamline cash handling, boost security, and optimise cash flow for Sharjah Islamic Bank and its customers
