Investcorp Capital plc, an investor in private markets and alternative investment opportunities, announced a net profit of $41 million for the first three quarters of its fiscal year 2025, which ended on March 31, 2025. This profit includes a Q3 2025 net profit of $13 million and reflects a year-to-date (YTD) achievement of $71 million...
NymCard, a leading embedded finance platform in the MENA region, has officially secured a license from the Central Bank of the UAE to provide Open Finance services. This achievement positions NymCard as one of the first entities in the UAE to integrate regulated payment functionality into a comprehensive financial infrastructure through a single modular platform....
Nasdaq Dubai has officially welcomed a USD 500 million Green Sukuk issued by OMNIYAT, a prominent real estate developer based in Dubai. This three-year Sukuk is set to mature on 6 May 2028 and was issued as part of a USD 1 billion Trust Certificate Issuance Programme, with a profit rate of 8.375%. The proceeds...
International Holding Company (IHC), recognized as one of the UAE’s most valuable listed companies, has teamed up with BlackRock, the world’s largest asset manager, to establish a $1 billion reinsurance company. The new entity, which is still unnamed, will be supported by over $1 billion in initial equity commitments and aims to target $10 billion...
Nasdaq Dubai and AIX CSD, the central securities depository of the Astana International Exchange, have launched a direct CSD link to enhance regional market connectivity. This initiative, announced during the Capital Market Summit 2025 hosted by Dubai Financial Market (DFM), aims to improve post-trade settlement efficiency for cross-listed securities. The Memorandum of Understanding (MoU) between...
The UAE’s Federal Tax Authority (FTA) has announced a new initiative that waives penalties for businesses that missed the corporate tax registration deadline. This decision comes as part of a UAE Cabinet Decision aimed at providing support to companies struggling to comply with tax regulations. The waiver applies to businesses that file their tax return...
Proceeds from initial public offerings (IPOs) in the Middle East and North Africa (MENA) region have surged, more than doubling to $2.4 billion in the first quarter of 2025. This increase represents a 106% rise year-on-year, driven by significant activity in Saudi Arabia, as reported by EY. During this period, the number of IPO listings...
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the “UAE Strategy for Islamic Finance and Halal Industry.” This strategic initiative aims to bolster the country’s position as a global leader in Islamic finance and expand the halal...
The Dubai International Financial Centre (DIFC) is preparing to host the third edition of the Dubai FinTech Summit on May 12 and 13, 2025, at Madinat Jumeirah in Dubai. This summit, themed “FinTech for All,” will be held under the patronage of Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, the First Deputy Ruler of...
The Dubai Financial Market (DFM) has launched new AI insights for its iVestor platform, aiming to simplify company disclosures and financial reporting. This enhancement is part of DFM’s ongoing efforts to make the financial reporting process more efficient for listed companies and their stakeholders. With these new capabilities, iVestor users will benefit from advanced analytical...