Billionaire Michael Platt’s private investment firm, BlueCrest Capital Management, has obtained full regulatory authorization from the Dubai Financial Services Authority (DFSA). This approval allows the firm to hire traders and manage capital from Dubai, a city that has increasingly become a hub for money managers in recent years. According to sources familiar with the situation,...
National Finance, a leading finance company in Oman, has established a strategic partnership with the International Finance Corporation (IFC), part of the World Bank Group. This partnership, announced during a signing ceremony in Muscat, aims to promote sustainable development goals in Oman and aligns with the country’s Vision 2040. The collaboration includes a significant $120...
The UAE has achieved significant recognition by ranking second in the world for combating tax evasion and fifth globally for the efficiency of its tax policies, according to the latest annual report from the IMD World Competitiveness Centre in Switzerland. This announcement was made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin...
Emirates NBD has made headlines by becoming the first bank in the UAE to introduce Visa+, a service designed to simplify international money transfers. In collaboration with Visa, a prominent player in digital payments, the bank aims to provide its customers with a faster, secure, and more efficient method to send money to Visa cardholders...
Wio Bank PJSC, recognized as the Middle East’s first digital financial platform, has launched the Wio Personal Salary Plan, offering salaried individuals in the UAE a remarkable 6% interest rate on their savings. This plan aims to enhance the financial wellness of employees amid rising concerns about financial stress impacting workplace productivity and mental health....
The Abu Dhabi Securities Market demonstrated strong performance in the first quarter of 2025, showing a significant increase compared to the same period in 2024. This growth was primarily driven by a notable rise in liquidity indicators and investment activity from foreign and institutional investors. According to market data, the value of foreign investors’ trading,...
Zurich International Life, the UAE branch of Zurich Insurance Group, has published its financial report for the year ending December 31, 2024. This report includes insights from independent auditors who have assessed the company’s operations in Dubai. The report highlights the overall performance of the branch, focusing on key metrics and financial health. Zurich International...
Ambit Global Private Client (Ambit GPC), a player in bespoke financial solutions, has officially launched its operations in the Middle East with a new office located in the Dubai International Financial Centre (DIFC). This strategic expansion follows Ambit’s acquisition of Dubai-based Moonrock Investments Ltd in November 2024, which underscores the Indian wealth management firm’s ambition...
Scientific & Medical Equipment House Company has successfully secured a Shariah-compliant credit facility agreement valued at SAR 265 million, approximately $70.5 million, with Alinma Bank. The agreement was finalized on April 8, 2025, and is intended to support the company’s ongoing and future projects. The company plans to utilize the funds not only for financing...
The Central Bank of the UAE has signed a Memorandum of Understanding with the National Bank of Kazakhstan and the Agency of Kazakhstan for Regulation and Development of Financial Market. This agreement aims to bolster financial cooperation between the two nations. Khaled Mohamed Balama, the Governor of CBUAE, represented the UAE during the signing, which...