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Finance & Investment

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

Policy & Legal Updates
Source: Emirates 24|7

Dubai Civil Court Orders Two Defendants to Repay Dh20.7 Million for Investment Fraud

The Dubai Civil Court of First Instance ordered two defendants to jointly repay Dh20,726,390 ($5.636 million) fraudulently taken from a company under the guise of an investment and share-acquisition deal. The court also awarded the plaintiff Dh3.5 million in damages for loss of fund use, plus 5 percent annual legal interest. The ruling followed a final criminal conviction that sentenced both individuals to two years in prison and deportation.

Policy & Legal Updates
Source: India's News.Net

DAFZ and Forbes Middle East to Host Future Growth Nexus Summit on November 23

Dubai Airport Freezone and Forbes Middle East will convene the inaugural Future Growth Nexus Summit on November 23, 2026, at Mandarin Oriental Jumeira in Dubai. Marking the free zone's 30th anniversary, the conference will bring together 27 speakers across government and industry to evaluate supply chains, logistics, and cross-border trade. UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi and DIEZ Executive Chairman Dr. Mohammed Alzarooni will deliver keynote addresses.

Industry News
Source: Dubai Eye 103.8

Binance Resumes Bitcoin and Ether Withdrawals Following $6.3 Billion Cyberattack

Cryptocurrency exchange Binance resumed withdrawals for bitcoin, ether, and selected stablecoins on Sunday after covering 95 per cent of the $6.3 billion stolen in a recent cyberattack. The platform used $6 billion of company funds to purchase replacement tokens and stated that less liquid assets will follow in phases. The FBI attributed the security breach to a North Korean state-sponsored cyber unit.

Policy & Legal Updates
Source: Emirates 24|7

UAE Sanadak Guide Details Banking and Insurance Dispute Resolution for SMEs

Emirates 24|7 published a regulatory guide outlining how consumers and small-to-medium enterprises in the UAE can resolve disputes with licensed banks and insurance firms through Sanadak. Established in 2023 under Central Bank supervision as the MENA region's first financial ombudsman, Sanadak handles issues spanning accounts, loans, mortgages, virtual currencies, and insurance. Complainants must first give institutions 15 days to resolve matters, with initial filings being free and appeals subject to a refundable Dh500 fee.

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