The UAE Banks Federation (UBF) has announced that Dubai will host SIBOS 2029, an annual conference and networking event organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). This selection underscores global confidence in the UAE’s prominent position in the financial and banking sector, as well as its critical role in advancing the payments...
The Dubai International Financial Centre (DIFC) has announced its intention to enact new Variable Capital Company (VCC) Regulations aimed at enhancing investment structuring and asset management options for proprietary investments within the DIFC. This initiative positions the DIFC as a leading financial hub in the Middle East, Africa, and South Asia (MEASA) region. Jacques Visser,...
National Investments Company (NIC) has launched its first regional office in the United Arab Emirates, located at the Dubai International Financial Centre (DIFC). This move is part of NIC’s ambitious expansion strategy aimed at establishing a stronger presence in leading global financial hubs. The company has received official approvals from the Dubai Financial Services Authority...
Wealthbrix Capital Partners Limited has officially entered the market as an independent wealth management firm based in the Dubai International Financial Centre (DIFC). The firm announced its launch today, backed by an eight-figure investment aimed at enhancing wealth management services in the region. The newly established firm boasts an experienced board that is committed to...
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, celebrated the 25th anniversary of The Executive Office of His Highness Sheikh Mohammed. The ceremony was attended by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, and highlighted...
Dubai’s Binghatti announced on Monday the launch of an asset management firm that aims to manage approximately $1 billion in Shariah-compliant private credit and real estate investments. This initiative is designed to diversify the company’s portfolio and broaden access to alternative capital. The new entity, Binghatti Capital, will operate from the Dubai International Financial Centre...
Nettlestone Capital Advisors, a senior-led advisory and capital raising firm, has officially launched its business in the Dubai International Financial Centre (DIFC). This expansion aims to enhance its services for asset managers and investors throughout the Middle East. The firm combines regulatory oversight, institutional focus, and regional knowledge to effectively cater to its clients. Edwin...
Transamerica Life Bermuda, a global high-net-worth life insurer, has officially launched its business in the Dubai International Financial Centre (DIFC) following the approval of its operating license by the Dubai Financial Services Authority (DFSA). This move is part of the company’s strategy to expand its global reach. Adnan Ladki has been appointed as the Head...
The Dubai Future District Fund (DFDF) has successfully secured over $1.65 billion in capital commitments while supporting more than 190 startups. This achievement marks a significant milestone in DFDF’s mission to enhance the innovation ecosystem in the emirate of Dubai. The announcement was made during DFDF’s Annual General Meeting, where it was also noted that...
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...