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Dubai Financial Services Authority
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Dubai Financial Services Authority and the Central Bank of Brunei Darussalam have signed MoU.
The signing of the MoU between the DFSA and CBB is expected to help promote greater economic and financial ties between the UAE and Brunei Darussalam, and to enhance the regulatory framework for the banking and financial services industry in both countries.
Dubai’s Economy Grows 2.8% to Dh111.3 Billion, Contributing to Ambitious GDP Doubling Goals
Dubai, a global hub of commerce and innovation, demonstrated its economic resilience by achieving a remarkable 2.8% year-on-year…
Bloomberg reports that Julius Baer considers Dubai as a potential destination for expanding its cryptocurrency services.
Julius Baer, the Swiss private bank, is reportedly expanding its cryptocurrency services to Dubai, according to a recent report from Bloomberg.
MaskEX has received preliminary approval from VARA in Dubai.
MaskEX, a next-generation cryptocurrency exchange, has announced that it has received initial approval from Dubai’s Virtual Asset Regulatory Authority
The deadline set by Dubai for crypto companies to fall under the VARA framework is significant.
The Dubai Financial Services Authority (DFSA) has set a deadline of October 31, 2021 for crypto companies to comply with the Virtual Asset Regulatory Framework (VARA).
Dubai’s Sheikh Hamdan Orders Provision of Dh70 Million for People of Determination
Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, has ordered the allocation of Dh70 million for the social welfare of Emirati people of determination. Read on to know more about this noble initiative.
According to the Financial Times, Dubai has instructed KPMG to pay $231 million due to their audit of Abraaj fund.
KPMG has been hit with a hefty fine of $231 million due to their inadequate audit of the collapsed private equity firm Abraaj.
A platform has been launched in Dubai that enables investment opportunities for the private sector.
Dubai has long been renowned for its pro-business environment and is now making further strides to attract foreign investment with the launch of Dubai Investment Week.
According to S&P Global, the non-oil business conditions in Dubai showed a recovery in March.
The latest Purchasing Managers' Index (PMI) data suggests that Dubai's non-oil private sector and S&P Global is recovering from the impact of the pandemic.
Dubai’s Al Ansari Exchange has completed its first public offering (IPO), generating Dh773 million.
The UAE money and exchange company Al Ansari Financial Services may raise up to Dh773 million ($210 million) via the sale of a 10% interest in an initial public offering. According to the firm, it is selling 750 million shares and has set the offer share price range at between Dh1 and Dh1.03 per share, implying a market capitalisation of between Dh7.5 billion ($2.04 billion) and Dh7.73 billion ($2.10 billion) at listing.
