Trellen Capital has successfully executed its first financing transaction in the United Arab Emirates, marking a significant milestone in its mission to support small and medium-sized enterprises (SMEs) in the region. This inaugural deal involved the provision of growth capital to a Dubai-based trading and distribution company, highlighting Trellen’s role in addressing the persistent funding...
Ajman Bank has successfully launched a $300 million Additional Tier 1 Perpetual Sukuk on Nasdaq Dubai, a move designed to bolster its regulatory capital and diversify its funding methods. This financial instrument marks a significant step for the bank as it seeks to enhance its financial stability and meet the evolving demands of its growth...
Stock markets in the UAE experienced a downward trend as traders reacted to the upcoming Consumer Price Index (CPI) report from the United States. Specifically, Abu Dhabi’s main index decreased by 0.52%, while Dubai’s market saw a more significant drop of 1.281%. These declines were influenced by investors weighing the implications of US inflation data...
eToro, a prominent global trading and investment platform, is at the forefront of integrating artificial intelligence into retail investing. CEO Yoni Assia recently highlighted how AI is set to revolutionize the investing landscape, particularly for retail investors in the coming years. The platform aims to provide retail investors with access to advanced financial tools and...
Dubai Islamic Bank (DIB) has reported a noteworthy increase in its financial performance for the first half of 2026, with gross revenue rising by 10% year-over-year to reach AED 12.4 billion. This growth has been largely attributed to the bank’s diversified income streams, which include both funded and non-funded sources. The bank’s strong revenue performance...
According to a recent report by S&P, financial institutions in the United Arab Emirates and Saudi Arabia are poised to spearhead credit growth within the Gulf Cooperation Council (GCC) by the year 2026. This forecast comes on the heels of robust domestic economic conditions in both countries, which are expected to foster a favorable environment...
Standard Chartered has announced the launch of a new investment fund specifically designed for affluent clients in the UAE, with a strong focus on opportunities within Asian markets. This strategic initiative is aimed at seizing the potential for long-term growth in the region, reflecting the bank’s commitment to enhancing its wealth management services in the...
The Dubai Financial Services Authority (DFSA) has unveiled its 9th Audit Monitoring Report, which underscores its commitment to enhancing audit quality within the Dubai International Financial Centre (DIFC). This latest report reflects the DFSA’s ongoing efforts to set benchmarks for audit standards and practices in the region, contributing to the overall integrity and transparency of...
Overseas Pakistanis have significantly contributed to Pakistan’s economy by sending a record $41.6 billion in remittances, with Saudi Arabia and the UAE being the top sources. This remarkable influx underscores the vital role that expatriates play in sustaining economic growth and stabilizing the country’s financial landscape. The weight of these remittances has positioned them as...
In a significant development for the real estate market, Abu Dhabi has introduced its first off-plan home financing solution, allowing prospective buyers to secure up to 75% funding from Abu Dhabi Islamic Bank (ADIB). This groundbreaking initiative spans the entire construction process, from the initial development stages all the way to the handover of properties,...