Emirates Development Bank reaches Dh30 billion in financing approvals for industrial businesses
Milestone supports UAE industrial growth and economic diversification Abu Dhabi: Emirates Development Bank (EDB), the UAE’s key financial engine for economic diversification and industrial transformation, has approved more than Dh30 billion in cumulative…
UAE backs deeper BRICS financial cooperation at key India meetings
UAE joins BRICS finance talks and backs the NDB’s 2027 to 2031 strategy Supplied Dubai: The UAE has backed deeper financial and economic coordination within BRICS while supporting the New Development Bank’s next five-year strategy during meetings in…
DIFC to convene global finance leaders at Dubai Future Finance Week
Global policymakers and investors to debate future architecture of financial services Dubai International Financial Centre (DIFC) has confirmed the programme for the inaugural edition of the Dubai Future Finance Week, a strategic platform being held from…
UAE credit reports to include pension and Nafis income in boost for loan assessments
Banks to get fuller picture of verified income, aiding credit access for eligible Emiratis Dubai: UAE banks and lenders will now be able to see a more complete picture of an individual’s verified income after Etihad Credit Bureau (ECB) integrated…
Sharjah Charity introduces six easy ways to pay Zakat Al-Mal
Digital platforms, bank transfers and doorstep collection aim to simplify donations Mohammed Rashid bin Bayat, Vice Chairman of the association’s Board of Directors,Supplied The Sharjah Charity International has announced six convenient and secure…
Mubadala in massive $6.2b buy of US-based Clear Channel in all-cash deal
Clear Channel is one of the largest out-of-home (OOH) advertising operators globally Dubai: Mubadala Capital and US asset manager TWG Global have signed a definitive agreement to acquire US outdoor advertising group Clear Channel Outdoor Holdings in a…
DFSA fine on Al Ramz Capital upheld over delayed reporting of suspicious trades
Ruling reinforces immediate reporting duties for suspected market abuse on DIFC markets The Dubai Financial Services Authority (DFSA), headquartered in DIFC, regulates financial firms operating in the centre.Supplied Dubai: The Financial Markets Tribunal…