Pandora Papers reveal Emirati royal families’ role in secret money flows
The glass-and-steel office towers and luxury hotels along Sheikh Zayed Road are glittering reminders of Dubai’s rise from a cluster…
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United Arab Emirates a go-to offshore haven for Africa’s political and business elite, leaked records show
In 2018, the son of the president of the island nation of Comoros was back home in the capital city…
BHM Capital reports net profit of AED 9.2mln in Q3 of 2021
BHM Capital has posted strong results, announcing net profit of AED 9.2 million for the nine-months ending 30th September 2021, with…
Human error undermines benefits of cloud adoption, finds research from Veritas
96% of respondents thought their cloud provider would be able to restore their files for them UAE employees more likely…
Standard Chartered appoints Head of CPBB for Africa & Middle East, and Europe
Standard Chartered has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe…
Confidence rebounds in UAE as consumers embrace ecommerce and contactless payments
88% of consumers optimistic about economic recovery; increasingly comfortable spending on non-essentials, luxury items, dining and travel The shift to…
Amendments on bankruptcy – Federal Decree Law No. 35
1st November 2021 saw a pivotal amendment to the UAE’s Bankruptcy Law. Federal Decree – Law No. 35 of 2021…
EFG Hermes reports strong results for the third consecutive quarter
EFG Hermes has announced its results for the first nine months of 2021, with revenues rising 8% over the same…
Emirates Islamic rings market-opening bell to celebrate listing of $500mln sukuk on Nasdaq Dubai
Salah Mohammed Amin, CEO of Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today rang the…
Saudi Arabia’s race to attract investment dogged by scepticism
Saudi Arabia could have a credibility problem if it keeps shifting the goal posts for the amount of foreign investment…
Majority of UAE consumers prefer banks that put purpose over profits, report finds
About 76 per cent of customers in the UAE prefer banks that put purpose over profits, according to a report…
UAE regulators issue guidelines to financial institutions on use of enabling technologies
Regulators of banks and financial free zones in the UAE have jointly issued guidelines to help financial institutions safely adopt…