Dubai Investments buys stake in UK digital bank Monument
Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent…
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Globaleye unveils wealth management platform
International advice firm Globaleye has launched a wealth management solution, offering both digital-only and hybrid wealth advice. Globaleye 3.0…
GMG to ramp up growth in Southeast Asia, aims to launch 100 stores by 2025
GMG, the UAE-headquartered retailing, distributing and manufacturing company, has unveiled its ambitious growth plans in Southeast Asia (SEA). The…
UAE employment contract changes: deadline, what is fixed term and all you need to know
The UAE’s amendment to fixed-term employment contracts is mandatory for all private sector companies and must be completed by the…
UAE bank investments hit 13-month high of $139bn
UAE bank investments exceeded AED511bn ($139bn) at the end of November 2022, according to the latest statistics of the Central…
UAE Yas Holding’s luxury real estate division to develop ‘exclusive’ homes
Abu Dhabi investment group Yas Holding has launched a new real estate business to capitalize on the strong demand for…
UAE corporate tax: Ministry of Finance explains timelines, fines
The UAE Ministry of Finance held a virtual session, highlighting the features of the nation’s corporate tax regime. This…
Emirates NBD 2022 profits up 40% by $3.54bln
Emirates NBD saw its profits rise by 40% in 2022 to reach AED 13 billion ($3.54 billion) after an “exceptionally…
UAE's biggest bank FAB’s Q4 net profit falls 26%; misses estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q4 2022 net profit of 2.46 billion dirhams ($…
Saudi Central Bank engages with fintechs and banks on CBDC
The Saudi Central Bank is running tests on a domestic wholesale digital currency in collaboration with local banks and fintechs.…
Goldman’s Top Middle East Private Banker Leaves After Two Years
The head of Goldman Sachs Group Inc.’s wealth management business in the Middle East and North Africa has left after…
Emirates Investment Bank to seek shareholder approval to raise capital base to Dh1b
Emirates Investment Bank will be issuing a Dh650 million rights issue to push its issued capital to Dh1 billion from…