Pegula and Krawczyk swap forehands for fairways at Topgolf ahead of Dubai Duty Free Tennis Championships - pegula krawczyk

The DFSA fines reinsurance broker USD 455,176 for engaging in misleading and deceptive conduct

Dubai, United Arab Emirates, 2 February 2026: The Dubai Financial Services Authority (DFSA), the independent banking, financial services, and markets regulator of Dubai International Financial Centre (DIFC) has imposed a fine of USD 455,176 (AED 1,671,633) on reinsurance brokerage Ed Broking (MENA) Limited (the Firm), for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct. The Firm agreed to settle the matter and pay a fine which comprises disgorgement of USD 175,343 (USD 148,039 plus interest of USD 27,304) and a penalty of USD 279,833. The fine was reduced from USD 575,104 (AED 2,112,06

Editor  |   |  5 mins read
Read Full Story →
Pegula and Krawczyk swap forehands for fairways at Topgolf ahead of Dubai Duty Free Tennis Championships - pegula krawczyk

Sukoon takaful sustains strong financial performance with record growth in 2025

January 29, 2026 Dubai, United Arab Emirates Sukoon Takaful has announced its financial results for the year ended 31 December 2025, delivering a year of exceptional profitable growth and strong financial performance. The company reported record contribution levels and a substantial improvement in profitability, reflecting the success of its postacquisition transformation and its renewed strategic focus on operational excellence. Gross written contributions for the year surged to AED 325.4 million, an 89% year-on-year increase, driven by broad-based growth across all major business segments. Profits before tax rose sharply to AED 41.1 million

Editor  |   |  5 mins read
Read Full Story →
du Pay transforms financial lives with customer-centric digital solutions as real user stories showcase seamless money man...

du Pay transforms financial lives with customer-centric digital solutions as real user stories showcase seamless money management

From receiving salary in the digital wallet to sending money homepaying bills and topping up mobiles, du Pay is built to make every day financial needs faster, easier and more accessible – especially for the UAE’s diverse expat community. Dubai, UAE, 23 January 2026 – du Pay, the advanced digital financial services arm of du, is celebrating the transformative impact of its services that demonstrate how the Central Bank of UAE-regulated app is revolutionizing everyday financial management for residents across the Emirates. With the growing adoption of du Pay, customers are increasingly moving away from cash, making cash transactions largely

Editor  |   |  6 mins read
Read Full Story →
O Gold Transforms into a Lifestyle Super App Where Gold Becomes Your Daily Currency - gold transforms

O Gold Transforms into a Lifestyle Super App Where Gold Becomes Your Daily Currency

With more than 800K users to date, the launch marks a significant milestone in O Gold’s evolution from a digital gold investment platform into a comprehensive gold-centric ecosystem Dubai, United Arab Emirates, 12th January 2026: O Gold, the UAE’s trusted Shariah-compliant gold investment platform, has officially announced its strategic evolution into a comprehensive Super App and introduced a gold-backed Mastercard to mark a significant milestone in the fintech sector. This announcement marks a total transformation for the company, which now serves a rapidly growing community of 800K users by turning physical gold into a highly liqui

Editor  |   |  3 mins read
Read Full Story →
Mohammed ben sulayem re-elected as president of the fia - mohammed sulayem

Mohammed ben sulayem re-elected as president of the fia

Dubai, UAE, 12th December, 2025: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, today confirms that Mohammed Ben Sulayem has been re-elected as President of the FIA, following the election of his Presidential List by the General Assembly in Tashkent, Republic of Uzbekistan. President Mohammed Ben Sulayem now begins his second four-year term, having overseen a period of significant renewal and stabilisation for the organisation since his initial election in 2021. Over the past four years, the FIA has undergone a wide-ranging tran

Editor  |   |  2 mins read
Read Full Story →
ADIO and China International Capital Corporation establish strategic investment corridor - adio china

ADIO and China International Capital Corporation establish strategic investment corridor

Strategic partnership to channel capital into priority sectors across Abu Dhabi CICC to base regional investment-banking operations in Abu Dhabi Agreement strengthens cross-border deal flow, structured products and bespoke wealth-management solutions for HNWI and UHNWIs Partnership launched in conjunction with Abu Dhabi’s new FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster Abu Dhabi, UAE, 10 December 2025 – The Abu Dhabi Investment Office (ADIO) has entered into a strategic partnership with China International Capital Corporation (CICC), one of Asia’s leading investment banks, to establish an investment corrido

Editor  |   |  3 mins read
Read Full Story →
Khaled bin Mohamed bin Zayed approves the launch of Fintech, Insurance, Digital and Alternative Assets (FIDA) cluster in A...

Khaled bin Mohamed bin Zayed approves the launch of Fintech, Insurance, Digital and Alternative Assets (FIDA) cluster in Abu Dhabi

Abu Dhabi, 9 December 2025: His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the launch of the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster in Abu Dhabi. The cluster, an initiative spearheaded by Abu Dhabi Department of Economic Development and Abu Dhabi Investment Office, aims to advance the next generation of innovative financial and investment solutions. Announced at Abu Dhabi Finance Week 2025, FIDA aims to expand Abu Dhabi’s financial sector into high-growth areas that serve the evolving needs of the emirate, the reg

Editor  |   |  5 mins read
Read Full Story →
Amna Al Shamsi becomes first Emirati appointed to IPSASB Consultative Advisory Group - amna shamsi

Amna Al Shamsi becomes first Emirati appointed to IPSASB Consultative Advisory Group

Abu Dhabi, December 05, 2025 The Consultative Advisory Group (CAG) of the International Public Sector Accounting Standards Board (IPSASB) has appointed Amna Hassan Al Shamsi, Director of Financial Policies and Government Accounting Standards at the Ministry of Finance, as a member of the Group for a renewable three-year term, extendable up to nine years. This marks the first official representation of the UAE on the international council, which plays a key role in supporting the development of global public sector accounting standards and promoting financial governance and transparency across governments worldwide. The appointment re

Editor  |   |  2 mins read
Read Full Story →
Ministry of Finance signs 3rd agreement under the ‘Retail Sukuk' Initiative with Emirates Islamic Bank - ministry finance

Ministry of Finance signs 3rd agreement under the ‘Retail Sukuk’ Initiative with Emirates Islamic Bank

Investment available through the bank’s digital platform starting from AED 4,000 Bank will enable seamless and secure access to government Islamic Treasury Sukuk offerings on the EI + Mobile App The initiative reinforces Emirates Islamic’s commitment to innovation in Islamic finance Abu Dhabi, 04 December 2025 The Ministry of Finance (MoF) has signed the 3rd agreement under the “Retail Sukuk” initiative with Emirates Islamic Bank, one of the leading Islamic financial institutions in the UAE, enabling UAE citizens and residents to invest in Treasury Sukuk (T-Sukuk) through its innovative digital platform. The initiative

Editor  |   |  3 mins read
Read Full Story →
Ministry of Finance to implement amendments to the Tax Procedures Law Starting Early 2026 - ministry finance

Ministry of Finance to implement amendments to the Tax Procedures Law Starting Early 2026

United Arab Emirates, 29 November 2025 The Ministry of Finance has announced the issuance of Federal Decree-Law No. (17) of 2025 amending certain provisions of Federal Decree-Law No. (28) of 2022 on Tax Procedures, as part of the UAE’s continuous efforts to enhance the efficiency of the tax system and strengthen the principles of transparency and fairness in tax transactions. The amended law will come into effect on 1 January 2026. Enhancing Financial Discipline The amendments aim to establish a clearer and more structured legal framework for tax obligations and procedures, including regulating the timeframe for requesting refunds of

Editor  |   |  3 mins read
Read Full Story →