On September 16, 2026, gold prices in Dubai experienced a slight downturn, with the rate for 24K gold declining by AED 4.00 per gram, while 22K gold witnessed a decrease of AED 3.50 per gram. This dip comes at a time when multiple factors are influencing market sentiments, primarily driven by international bullion prices and...
The financial landscape in the United Arab Emirates is poised for a shift as the US Federal Reserve is expected to raise interest rates. This move is likely to have a ripple effect, increasing borrowing costs for individuals and businesses in the UAE while providing a boost to savers seeking better returns on deposits. The...
The Dubai International Financial Centre (DIFC) has announced the inaugural Dubai Future Finance Week, scheduled from November 2 to 6, 2026. This event is poised to reshape how financial leaders across various sectors engage, strategize, and innovate within a rapidly evolving global finance landscape. Under the patronage of His Highness Sheikh Maktoum bin Mohammed bin...
Tabby, a prominent player in the buy now, pay later (BNPL) sector, has successfully raised $233 million in a funding round led by its existing investors. This recent influx of capital has propelled the company’s valuation to an impressive $6.5 billion. The funds will be utilized to broaden Tabby’s services, marking its strategic shift towards...
The price of gold in the UAE has witnessed a significant increase over the past few days, with the 24K gold rate rising to Dh532 per gram. This marks a gain of Dh10 within just three days, amid a broader global market recovery that has pushed gold prices above $4,400 per kilogram. This recent spike...
ABU DHABI, United Arab Emirates – Vision Bank, an esteemed Islamic financial institution established under the Abu Dhabi Global Markets (ADGM), has officially unveiled its new financing options tailored for small and medium-sized enterprises (SMEs). This initiative aims to bolster cross-border trading activities in the region, positioning Vision Bank as a key player in the...
Dubai has cultivated a reputation as a global financial hub, attracting wealth from around the world, but it faces increasing scrutiny regarding the sources of that wealth. The emirate has developed a highly efficient system that facilitates the influx of capital, often with minimal questions asked. High-value assets like gold and real estate have become...
In a significant move, Sheikh Tahnoon bin Zayed Al Nahyan, the UAE’s national security adviser, has reportedly acquired a 49% stake in the World Liberty Financial (WLFI) banking venture, which has ties to the Trump family. This investment is pivotal as it positions the UAE royal as a key stakeholder in an emerging cryptocurrency-related financial...
Tashkent is positioning itself as a potential leader in the Islamic fintech landscape, aiming to become Central Asia’s key financial technology hub. This ambition was unveiled during the recently concluded Silk Road Finance & Technology Forum, where Uzbekistan outlined its strategic vision to link the burgeoning fintech domain with the expansive $6 trillion global Islamic...
Airwallex, a leading fintech firm, has announced a significant investment of $43 million aimed at expanding its operations in the United Arab Emirates over the next five years. This substantial financial commitment is set to enhance their multi-currency infrastructure and develop agentic finance products that cater to the growing needs of businesses in the region....