The Dubai Financial Services Authority (DFSA) has announced its Business Plan for 2025-2026, aiming to solidify the Dubai International Financial Centre’s (DIFC) position as a leading global financial hub. The plan aligns with Dubai’s Economic Agenda D33, Digital Dubai, and the DIFC 2030 Strategy, focusing on regulatory excellence, innovation, and sustainable growth. The DFSA highlighted...
The UAE’s Ministry of Energy and Infrastructure (MoEI) has partnered with Shiba Inu to push forward digital transformation efforts using Web3 technology. This collaboration aims to improve public services, develop greener infrastructure, and introduce citizen-friendly governance models. Shiba Inu’s advanced Web3 tools, including its Operational System (ShibOS), will be integrated into MoEI operations to enhance...
Dubai residents, citizens, and visitors now have the option to pay government fees and fines in easy installments. This new feature comes with the integration of Tabby, a buy-now-pay-later service, into the DubaiPay platform, announced by Digital Dubai and the Department of Finance. The move aligns with Dubai’s Cashless Strategy, aiming to boost digital transformation...
The UAE is set to implement new insurance regulations that will bring significant changes to how payments, claims, and commissions are handled in the sector. Starting February 15, policyholders will benefit from direct payments to insurers, ensuring faster claims processing and reducing risks of delays or mismanagement. These changes aim to prioritize efficiency and transparency...
Experts in the UAE foresee a significant rise in the use of cryptocurrency for everyday transactions, including buying coffee and paying for petrol. According to Khaleej Times, Mohammed Al Hakim, president of Crypto.com, stated that within the next two years, many business owners, restaurant operators, and high-net-worth individuals are likely to favor cryptocurrency as a...
Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress. The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature...
The Central Bank of the UAE (CBUAE) celebrated significant achievements in 2024 across the financial, banking, and insurance sectors, setting a positive trajectory for the future of the UAE’s financial landscape. The CBUAE emphasized its role in fostering monetary and financial stability, managing reserves, and developing secure financial infrastructure through innovative digital solutions. These efforts...
A historic shift in generational wealth is unfolding in the Middle East, with $1 trillion (AED 3.67 trillion) expected to transfer to heirs by 2030, according to a whitepaper launched by the DIFC Innovation Hub, Julius Baer, and Euroclear. The report, titled “Navigating the Future of Inheritance”, highlights how advanced digital technologies like Artificial Intelligence,...
The Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre, has officially launched its all-in-one mobile app. This app aims to redefine how businesses, employees, and residents interact within the financial district. By streamlining connectivity, it provides seamless access to exclusive tools and services, enhancing the overall experience for users in ADGM’s dynamic...
Abu Dhabi Commercial Bank (ADCB) has unveiled an ambitious growth strategy that aims to double its net profit to Dh20 billion within the next five years. The bank targets an annual growth rate of approximately 20 percent during this period. Additionally, ADCB plans to increase its year-on-year paid-out dividends to around Dh25 billion, reflecting a...