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Finance & Investment

Banking, fintech, funds, capital markets and cross-border investment

Policy & Legal Updates
Source: Gulf News

Ras Al Khaimah Court Acquits Commercial Broker in Dh10.5 Million Trade Fraud Case

A Ras Al Khaimah court has acquitted a 51-year-old Asian commercial broker of fraud charges connected to a Dh10.5 million trade scam. In the same trial, a European businessman received a one-year prison sentence and a deportation order, while his company was fined Dh500,000 for defrauding a trading entity. The court found insufficient evidence that the broker participated in or had knowledge of the fraudulent scheme.

Industry News
Source: Securities Finance Times

Advent to Acquire Vermeg with ADIA Subsidiary Joining as Minority Co-Investor

Global private equity firm Advent has signed an agreement to acquire financial software firm Vermeg from Charterhouse Capital Partners and founder Badreddine Ouali. A wholly owned subsidiary of the Abu Dhabi Investment Authority is participating as a minority co-investor. Founder Badreddine Ouali will remain a shareholder and become vice chairman, while Advent operating partner Mike Ettling will become chairman upon completion.

Industry News
Source: UrduPoint

UAE Plans Up to AED 200 Billion Energy Investment by 2030

The UAE plans to invest between AED 150 billion and AED 200 billion in its energy sector by 2030, according to Minister of Energy and Infrastructure Suhail Al Mazrouei. Speaking at ADIPEC 2026, the minister highlighted rising demand from advanced industries, artificial intelligence, and data centers. Clean energy accounted for 32.4% of the UAE's electricity generation in 2025, progressing toward a 35% target by 2031.

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