The Central Bank of the UAE (CBUAE) has requested all lenders to run credit checks ... according to a circular sent to financial institutions. In the case of new customers, banks are limited to issuin... ( read original story ...)
Changes to the Dubai International Financial Centre’s (“DIFC”) Legal and Regulatory Framework relating to DIFC registered Companies
His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as president of the DIFC, vice president and prime minister of the United Arab Emirates (“UAE”) and Ruler of Dubai, has recently ena... ( read original story ...)
Dubai Financial Market Publishes Updated Versions Of Its Shari’a Standards To Cater For The Growing Interest In Green Economy And Sustainability
HE/ Essa Kazim: “We are committed to expand our standards in line with the Islamic finance’s momentum as a result of the leading initiative of His Highness Sheikh Mohammed bin Rashid Al Maktoum to for... ( read original story ...)
Dubai Financial Market updates Sharia standards
Dubai: The Dubai Financial Market (DFM) has published updated Sharia standards in a move to bolster the regulatory framework supporting the Islamic capital markets sector. The updated guidelines ... ( read original story ...)
Doha Bank to cut construction exposure, keep UAE branches: CEO
DOHA (Reuters) - Doha Bank will cut its exposure to construction companies to 10 percent from 17 percent of lending in the next three years, its CEO said on Tuesday, part of efforts to adjust to a bui... ( read original story ...)
IPO activity in GCC ‘continues to slow down in Q3’
Global IPO activity in Q3 2018 suffered compared to last year - proceeds ... The company completed its seventh debt listing on NASDAQ Dubai, raising $2.3 billion from corporate bond and $1.0 billion f... ( read original story ...)
Regal London launches Dubai office
RELATED ARTICLES: Adnoc Onshore awards $70m contract to London-based Penspen | UAE gas firm Brooge Petroleum eyes London IPO | UPS opens $163m hub at DP ... Regal London has opened an office in Dubai. ... ( read original story ...)
Dubai payments firm Network International selects banks for potential listing
The IPO could see 25 to 30 per cent of Network ... according to the publication. The Dubai-headquartered company services more than 65,000 merchants and 220 financial institutions across 50 ... ( read original story ...)
Streamcast eyes London IPO, JPMorgan, HSBC Holdings poised for role
Discussions about an IPO are at an early stage and Streamcast ... Streamcast has offices in the U.S., U.K., Ireland, Malta, Kenya, Dubai, Bahrain and India, according to its LinkedIn page. ( read original story ...)
Construction, retail growth boosts revenue of Dubai’s Emaar
Emaar’s net profit totalled AED5.3 billion ($1.4 billion), a growth of 28 percent, prior to considering the effect of the IPO of Emaar Development and ... continued to record higher occupancy than Dub... ( read original story ...)