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Month: April 2019

Posted on 10/04/2019

Skype blocked in UAE will hit businesses as well as people

“It’s just not practical to expect the rest of the world to start using UAE-approved video conferencing tools to do business in the region.”
( read original story …)


Posted on 10/04/2019

Azerbaijan, UAE expanding ties in small & medium business

Azerbaijan’s Agency for Development of Small and Medium-Sized Enterprises and the Dubai Small and Medium Enterprises Development Organization, a similar structure in the UAE, are expanding …
( read original story …)


Posted on 10/04/2019

UAE well set to attract more foreign investment this year

“The UAE is a prime destination for the FDI,” Mr Al Sayegh … foreign partners is a cornerstone of a $45bn strategy to expand the company’s downstream business across petrochemicals and derivatives …
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Posted on 10/04/2019

Dubai stocks see select accumulation as gains mount

The Dubai Financial Market (DFM) general index closed 0.21 per cent higher at 2,807.96, after gaining 7.4 per cent in the past 10 sessions. Emaar Properties shares witnessed late buying.
( read original story …)


Posted on 10/04/2019

Girl tearfully asks Dubai to free mum facing jail over Facebook insult

In an interview with Sky News, Paris said … Paris says authorities could do more to bring her mum home. Pic: Detained In Dubai Paris, who has been crying herself to sleep every night, said …
( read original story …)


Posted on 10/04/2019

UAE’s Finablr weighs London stock market IPO

Finablr, the UAE holding company for businesses including Travelex and UAE Exchange, is planning to sell shares on the London Stock Exchange as it seeks to fund its expansion and reduce debt. The …
( read original story …)


Posted on 10/04/2019

UAE’s Finablr mulls London IPO

ABU DHABI: UAE-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt. Finablr, …
( read original story …)


Posted on 10/04/2019

Updated: Two UAE firms’ IPOs set to drive M&A deals in Europe’s payment solutions industry – analyst

(Details of Network International’s IPO added to paragraphs 2 and 7). The potential listing of two United Arab Emirates payment firms on the London Stock Exchange could lead to them making …
( read original story …)


Posted on 10/04/2019

Finablr Aiming To Raise $200 Million In IPO

Finablr, a United Arab Emirates (UAE) payments company, is gearing up to launch an initial public offering in the U.K., aiming to raise at least $200 million. Finablr supports cross-border payments …
( read original story …)


Posted on 10/04/2019

UAE’s Finablr eyes London IPO that could raise at least $200 million

Dubai: United Arab Emirates-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and …
( read original story …)


Posted on 10/04/2019

Dubai Tourism and Gulf Reps in partnership, plans to drive more GCC visitors to Dubai

Dubai Tourism (DT) have released a statement saying that it has formed a GCC-wide partnership with Gulf Reps travel consultancy agency. The partnership is part of DT’s ongoing drive to attract more …
( read original story …)


Posted on 10/04/2019

Where property prices, rents are falling fastest in Dubai

International City, Dubai Sports City and Business Bay experienced the greatest correction with a quarterly decrease of 7 percent, the report added. “Last year we saw over 20,000 units enter the …
( read original story …)


Posted on 10/04/2019

Dubai’s private sector rebounds in March with faster growth in output

Data showed business activity in Dubai’s private sector increased at the sharpest rate in more than four years in March, with nearly 40 per cent of firms surveyed reporting higher output last …
( read original story …)


Posted on 10/04/2019

Dubai payments firm stock surges in Europe’s biggest IPO of year

DUBAI: Network International stock jumped after the Dubai payments firm listed its shares in London in what is Europe’s biggest IPO of the year so far. The shares gained more than 16 percent in early …
( read original story …)


Posted on 10/04/2019

Dubai regulator sets up unit to assess digital and financial risk

Dubai’s financial regulator will establish a dedicated unit to study cyber risks facing the growing number of firms at the emirate’s financial free zone, its chief executive said. The Dubai Financial …
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Posted on 10/04/2019

Sharjah gov’t says to invest $300m in Invest Bank

The Government of Sharjah said the investment is being made on a commercial basis, with the “objective of creating long-term value from Invest Bank’s underlying profitability and standing”. The …
( read original story …)


Posted on 10/04/2019

Sharjah Police find missing child locked in car boot

Sharjah: A worried parent called police in Sharjah when he could not find his two-and-a-half year old son late at night. The search and rescue team from Sharjah Police’s Wasit Station, in …
( read original story …)


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