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Huda Sabil Abdulla, CFO of Emirates Islamic, has been recognized as one of Finance Middle East’s Top 26 most influential women in finance for 2025. With over 30 years of experience, she has significantly enhanced operational efficiency and profitability through strategic financial management and innovative frameworks. A pioneer in the UAE banking sector, she was the first Emirati woman to hold a CFO position and has received multiple awards for her contributions to banking and finance.
As gold prices approach $3,000, UAE shoppers are seizing the opportunity to profit from their investments. A jewellery retailer noted that customers who purchased gold in 2021, when prices peaked at Dh222.5 per gram, could see profits exceeding Dh100 by selling now. Many are opting to sell or exchange their gold acquired in 2021 and earlier.
ROR Coffee Solutions has secured an AED 30 million investment to drive its expansion and innovation over the next five years, enhancing its presence in the MENA region and Europe. The funding will support infrastructure development, advanced roasting technology, and workforce training, while emphasizing sustainability and ethical sourcing practices. General Manager Aaron Marshall highlighted the company's commitment to reshaping the specialty coffee market through innovation and environmental responsibility.
The UAE Federal Tax Authority (FTA) has urged tax registrants to update their records by March 31, 2025, to take advantage of a grace period that waives administrative penalties for late updates. This period, from January 1, 2024, allows businesses to amend their information without incurring fines. Registrants must notify the FTA of any changes within 20 business days to avoid penalties.
Myne, a fintech platform founded by Karim Chouman, addresses the challenges of managing scattered wealth through seamless integration and real-time insights. With features like automated tracking, estate planning, and multi-currency support, it aims to enhance financial well-being while ensuring user data security through strict protocols. The company plans to utilize $2 million in pre-seed funding to expand in the UAE and Saudi Arabia, focusing on user acquisition through digital marketing and strategic partnerships.
Myne, a fintech platform founded by Karim Chouman, addresses the challenges of managing scattered wealth through seamless integration and real-time insights. With features like automated tracking, estate planning, and multi-currency support, it aims to enhance financial well-being while ensuring user data security through strict protocols. The company plans to utilize $2 million in pre-seed funding to expand in the UAE and Saudi Arabia, focusing on user acquisition through digital marketing and strategic partnerships.
Emirates NBD has launched a mandatory cash offer to acquire the remaining 0.11% stake in Emirates Islamic Bank for approximately Dh69.8 million, aiming for full ownership. Following the acquisition, EIB will be delisted from the Dubai Financial Market, while maintaining its commercial registration and operations. The deal, subject to regulatory approvals, is expected to close by March 27, 2025, and reflects Emirates NBD's strategy to enhance its Islamic banking services.
Emirates NBD has launched a mandatory cash offer to acquire the remaining 0.11% stake in Emirates Islamic Bank for approximately Dh69.8 million, aiming for full ownership. Following the acquisition, EIB will be delisted from the Dubai Financial Market, while maintaining its commercial registration and operations. The deal, subject to regulatory approvals, is expected to close by March 27, 2025, and reflects Emirates NBD's strategy to enhance its Islamic banking services.
The Central Bank of the UAE reported growth in key monetary aggregates for December 2024, with M1 rising by 2.3% to Dh946.4 billion, M2 increasing by 1.7% to Dh2.31 trillion, and M3 up by 0.4% to Dh2.77 trillion. The monetary base expanded by 4.4%, while gross banks’ assets grew by 2.4% to Dh4.56 trillion, driven by a notable 8.3% rise in foreign credit. Additionally, bank deposits increased by 1.5%, influenced by a significant 13.9% surge in non-resident deposits.
The Central Bank of the UAE reported growth in key monetary aggregates for December 2024, with M1 rising by 2.3% to Dh946.4 billion, M2 increasing by 1.7% to Dh2.31 trillion, and M3 up by 0.4% to Dh2.77 trillion. The monetary base expanded by 4.4%, while gross banks’ assets grew by 2.4% to Dh4.56 trillion, driven by a notable 8.3% rise in foreign credit. Additionally, bank deposits increased by 1.5%, influenced by a significant 13.9% surge in non-resident deposits.
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huda sabil abdulla recognized among top influential women in finance 2025
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UAE tax authority urges businesses to update records before March deadline
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myne revolutionizes wealth management with innovative fintech solutions and user-centric design
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myne revolutionizes wealth management with innovative fintech solutions and user-centric design
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emirates nbd to fully acquire and delist emirates islamic bank
United Arab Emirates Dirham
Emirates NBD PAO
Emirates Islamic Bank (PJSC)
Dubai Financial Market PJSC
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08:10 13.03.2025
emirates nbd to fully acquire and delist emirates islamic bank
United Arab Emirates Dirham
Dubai Financial Market P.J.S.C.
Emirates NBD Bank PJSC
Emirates Islamic Bank PJSC
ARE
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08:10 13.03.2025
UAE central bank reports monetary growth and rate cut in December 2024
07:22 13.03.2025
UAE central bank reports monetary growth and rate cut in December 2024
07:22 13.03.2025
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