In landmark move, UAE sets up Bankruptcy Court to rule on disputes
The UAE is overhauling its bankruptcy and restructuring law, introducing a dedicated court to oversee related disputes. The legislation…
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CBB holds fourth board meeting for 2023
The Central Bank of Bahrain’s (CBB) Board of Directors held its fourth meeting for the year 2023, chaired by Mr.…
Ex-Barclays trader leaves Singapore to start hedge fund office in Dubai
Sanchit Jain, Barclays' former head of emerging market options trading in Singapore, is leaving. Multiple sources say that Jain,…
Bought IPO shares? Why you shouldn’t rush to sell even if they aren’t gaining much
With an increase in investors applying for an IPO nowadays, UAE-based market experts have been assessing how there has not…
Abu Dhabi’s FAB unveils new fund to support UN SDGs
Abu Dhabi’s FAB Private Banking has launched a fund to support the United Nations Sustainable Development Goals (SDGs). The…
COP28: UAE launches landmark Waste to Zero Initiative
The Ministry of Climate Change and Environment (MOCCAE) and Tadweer (Abu Dhabi Waste Management Company) have officially launched the Waste…
UAE’s Sajwani ‘surprised’ by spate of commercial loan defaults: Bloomberg
UAE billionaire and real estate tycoon Hussain Sajwani has been “surprised” by a spate of asset managers defaulting on their…
Turkish banks secure $40m Murabaha deal with ITFC to boost private sector financing
Turkiye’s private sector is poised to benefit from Murabaha financing, with two of the country’s banks signing a total funding…
Binance withdraws Abu Dhabi licence bid as crypto giant weighs structure
Binance has withdrawn an application for an Abu Dhabi licence, the latest sign that the giant crypto exchange is reassessing…
FAB Private Banking launches fund to support UN Sustainable Development Goals
Investment strategy concentrates funds towards achieving sustainable outcomes Proportion of management fees allocated to non-profit programmes or projects …
Saudi Arabia offers tax incentives for companies moving regional HQs to Riyadh
Saudi Arabia said on Tuesday it will offer tax incentives for foreign companies that locate their regional headquarters in the…
Hackers are targetting UAE, Saudi businesses’ cloud services — survey
Hackers are increasingly targeting the cloud infrastructure of companies in the UAE and Saudi Arabia, according to new research released…