BlackRock Inc. is collaborating with Emirates NBD, a prominent Dubai-based lender, to launch a new platform aimed at providing Middle Eastern investors with enhanced access to rapidly growing private markets. This initiative is expected to significantly benefit wealth clients of Emirates NBD by offering them opportunities in private credit and alternative assets. The new product...
ICM.com has successfully obtained its second licence in the United Arab Emirates (UAE), marking a significant step in the brokerage’s efforts to strengthen its foothold in the Middle East. The announcement was made today, revealing that ICM MENA, a subsidiary of ICM.com, received the Securities and Commodities Authority (SCA) licence from Dubai’s regulatory authorities. This...
UAE-based platform Investopia has announced the launch of its global editions in Milan, Limassol, and Budapest. This initiative, revealed in the presence of H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of Investopia, aims to bring together the global investment community to explore opportunities in emerging economies. Investopia was originally launched in...
The UAE’s Cyber Security Council has reported that a significant cyber attack affected 634 public and private entities within the country. The attack was successfully managed and aimed to leak sensitive data from crucial national sectors, as stated by the state news agency Wam. Dr. Mohamed AlKuwaiti, the head of cyber security in the UAE,...
Five banks and two insurance companies in the United Arab Emirates have been penalized a total of AED 2.62 million for failing to adhere to tax regulations, as announced by the Central Bank of the UAE (CBUAE) on Tuesday. The CBUAE reported that the penalties were imposed after the entities did not comply with the...
AmiViz, a leading cybersecurity-focused value-added distributor based in the Middle East, has announced a strategic partnership with Kiteworks. This collaboration enables organizations to manage risk effectively in all aspects of private data handling, including sending, sharing, receiving, and using sensitive information. The partnership enhances AmiViz’s offerings by introducing Kiteworks’ zero-trust data exchange approach, which utilizes...
The Dubai Electricity and Water Authority (DEWA) has announced a strategic roadmap aimed at transforming it into the world’s first AI-native utility. The initiative was launched by HE Saeed Mohammed Al Tayer, the Managing Director and CEO of DEWA, who emphasized the utility’s commitment to integrating cutting-edge technology to enhance service delivery and operational efficiency....
Earlier this year, President Sheikh Mohamed announced that 2025 will be designated as the Year of Community in the UAE. As part of this initiative, he introduced the “Hand in Hand” program, which is dedicated to building sustainable communities across the nation. The “Hand in Hand” initiative aims to foster collaboration among citizens, businesses, and...
The Abu Dhabi Investment Authority (ADIA) is set to acquire a “significant minority stake” in the French outdoor accommodation company, the European Camping Group (ECG), through one of its wholly owned subsidiaries. This acquisition marks ADIA’s continued investment strategy in European markets. The private equity firm PAI Partners, which currently holds a majority stake in...
UAE entities, especially sovereign wealth funds (SWFs), have a significant opportunity to address Brazil’s pressing infrastructure needs while fostering mutual economic growth, according to Luis Fernando Eleutério Lopes, partner and chief economist at Patria Investments. The diplomatic relationship between Brazil and the UAE, which began fifty years ago, has evolved into a robust partnership, characterized...