Category: FINANCE

TradeAssets, the blockchain-powered e-marketplace for trade finance assets, is now live with 25 banks. The first transaction was completed on February 6, and the onboarded banks have now posted trade ... ( read original story ...)

In Dubai, the index rose 1.5 percent, boosted by banks and real estate stocks. Dubai Islamic Bank gained 1.4 percent. Emaar Properties jumped 3.2 percent, continuing the gains driven by better-than-ex... ( read original story ...)

AM Best’s analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in bot... ( read original story ...)

Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the UAE said on Tuesday. Lenders’ assets grew to AED 2.913 trillion ... ( read original story ...)

Dubai Silicon Oasis also spearheading the efforts in Dubai ... Ravi Suri, partner, global head of Infrastructure Finance, KPMG Lower Gulf, said autonomous vehicles offer tremendous social and environm... ( read original story ...)

Dubai: Emaar Properties rode to the rescue of the Dubai Financial Market (DFM) general index as its shares surged on the back of better-than-expected earnings in the fourth quarter. The company ... ( read original story ...)

ANALYSIS: A new guide for financial services firms on the operation of VAT in the United Arab Emirates (UAE) should be welcomed by the industry as it clears up some ambiguity and puts in black and whi... ( read original story ...)

A sales manager, who siphoned off more than Dh13.4 million from the bank accounts of his Russian boss, was sentenced to life in prison in absentia by a Dubai court on Tuesday. The 42-year-old Kazakh m... ( read original story ...)

Dubai: Saudi Arabia led the Middle East & North Africa region in initial public offering (IPO) activity, both in terms of value and volumes, last year, according to an Ernst and Young report. ( read original story ...)

A man who used to work as a manager at a renowned bank in Dubai was sentenced to five years in prison in absentia on Monday. The Saudi national was charged with breach of trust and embezzlement, which ... ( read original story ...)