UAE-based brokerage EFG Hermes UAE LLC has introduced digital onboarding for Dubai Financial Market (DFM) investors through its EFG Hermes ONE app. Users can obtain a DFM investor number and open a trading account on their phones without visiting a branch or submitting paperwork, as per an emailed press release.

The Central Bank of the UAE (CBUAE) has given preliminary approval to the National Bank of Egypt’s (NBE) request to acquire Banque Misr’s UAE branches.

The UAE and affiliated investment entities have led a $3 billion Series D funding round in Elon Musk’s tunneling startup The Boring Company, with Dubai-based diversified investment firm Shamal Holding also joining the investment.

Abu Dhabi-based Islamic financial platform Mal has opened its global waitlist, three months after securing in-principle approval (IPA) from the Central Bank of the UAE.

The General Authority for Investment and Free Zones (GAFI) and UAE-based conglomerate Al Habtoor Group explored potential investments and expansion opportunities in Egypt across several sectors.

Egypt and the UAE explored opportunities to expand joint investment across industry, agriculture, tourism, information and communication technology, and energy security as Egypt implements its economic transformation program.

The Central Bank of Egypt (CBE) and the Central Bank of the UAE (CBUAE) have reaffirmed their full coordination regarding the operations of Banque Misr’s branches in the UAE.

Dubai-based paid public parking provider Parkin Company PJSC has signed a memorandum of understanding (MoU) with Modon Misr for Asset and Facility Management, Mwasalat Misr and Redcon Properties to explore the development of smart parking and mobility solutions in Egypt.

Egypt and the UAE explored opportunities to expand cooperation and investment in renewable energy, battery storage, and electricity infrastructure.

Bilateral trade between Egypt and the UAE hit around $9.68 billion in 2025, with Egypt recording a trade surplus of nearly $4.3 billion, Minister of Investment and Foreign Trade Mohamed Farid indicated.

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to utilize AI-powered tools and leverage digital transformation in Egypt's oil and gas sector with AIQ, a subsidiary of the UAE's ADNOC Group.

Minister of Electricity and Renewable Energy Mahmoud Esmat has witnessed the signing of two agreements to set up two separate battery energy storage projects with a combined capacity of 1,500 megawatt-hours in Zafarana and Benban.

Dubai Financial Market and Abu Dhabi Securities Exchange ended Monday’s trading session in negative territory, reflecting a bearish trend across the UAE stock markets.

Egypt’s proptech startup Byit has expanded into the UAE and launched a new range of AI-powered solutions to empower real estate brokers and enable more efficient cross-border property transactions

UAE stock markets saw a bearish trend at the close of Monday’s trading session, with Dubai Financial Market General (DFM) Index falling by 82.03 points, or 1.39%, to close at 5,820.18 points.

The UAE announced on April 28th that it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance, effective Friday, May 1st.

Mashreq has become the first UAE-based bank to offer a fully digital account opening service for non-resident Egyptian customers, in a move set to transform cross-border banking for Egyptians abroad.

UAE stock markets saw a bearish trend at the close of Sunday’s trading session, with Dubai Financial Market General (DFM) Index falling by 6.86 points, or 0.124%, to close at 5,510.99 points.

The Dubai Financial Market Index (DFMGI) gained 226.81 points, or 4.146%, finishing Tuesday’s session at 5,697.71 points.

The Dubai Financial Market Index (DFMGI) gained 87.88 points, or 1.633%, finishing Tuesday’s session at 5,470.9 points.