The Dubai International Financial Centre (DIFC) has announced the Future Sustainability Forum, aimed at addressing critical sustainability challenges facing the financial industry. This event will take place in Dubai, reinforcing the city’s position as a leading global financial hub in the Middle East, Africa, and South Asia. Credit: WAM The Forum is set to convene...
Dubai Finance (DOF) and the Dubai International Financial Centre (DIFC) have officially signed a Memorandum of Understanding (MoU) aimed at enhancing the implementation of Dubai’s Cashless Strategy. This partnership is expected to support the growth of digital payment solutions within the emirate, aligning with the government’s vision for a more digitally enabled economy. Credit: Travel...
India’s Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC) through its subsidiary, Spark Global PWM Private Limited. This strategic move positions the DIFC as the central hub for Spark Capital’s activities in the Middle East. The DIFC is home to 420 wealth and...
Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC), which is recognized as the premier financial hub for the Middle East, Africa, and South Asia (MEASA) region. This expansion is facilitated through its subsidiary, Spark Global PWM Private Limited. The company stated that this...
Abu Dhabi has been recognized as the leading city globally for sovereign wealth, managing an impressive total of $1.7 trillion in assets. This wealth is primarily held by three major entities: the Abu Dhabi Investment Authority (ADIA), Mubadala Investment Company, and the Abu Dhabi Developmental Holding Company (ADQ). Diego Lopez, the founder and managing director...
The Abu Dhabi Global Market (ADGM) has reported strong financial results for the first quarter of 2025, showcasing significant growth and enhanced global recognition. This robust performance continues the upward momentum that began with a record-breaking year in 2024. Credit: Economy Middle East The ADGM emphasized its commitment to fostering a dynamic financial ecosystem that...
UAE-based fintech firm Qashio has successfully raised US$19.8 million in a funding round that combined both equity and non-equity financing. This funding round was led by existing investor Rocketship VC and saw participation from MoreThan Capital, regional banks, and family offices. Founded in 2021, Qashio offers a spend management platform designed to help businesses monitor...
The United Arab Emirates has launched the region’s first licensing system for finance influencers, a significant step that wealth managers believe will provide “long overdue accountability” for social media financial content, which has often endangered investors. The UAE’s Securities and Commodities Authority (SCA) announced the new “finfluencer” license on Wednesday, establishing a regulatory framework for...
ANAX Capital has officially launched its trading platform in the UAE’s financial sector, marking its operational readiness to cater to both retail and professional clients. The launch event took place at Palazzo Versace Dubai and was attended by numerous celebrities from the Middle East and India, featuring performances by international artists such as Tiger Shroff,...
The UAE economy is experiencing a significant transformation in investor behavior, predominantly driven by a digital youth demographic. This group engages with the markets through smart applications and financial influencers, amidst a surge of economic news. Despite their high technical skills, there is a concerning gap in their foundational knowledge of risk management and making...