The country will also work closely with Egypt, which will host the upcoming COP27 in Sharm el Sheikh in November, to support momentum for greater climate progress UAE to present ambitious, inclusive …
( read original story …)
Region’s first platform bank Wio Bank PJSC officially launches in the UAE
Wio Business for SMEs to provide easy banking, enable business growth and empower customers Abu Dhabi, UAE: Wio Bank PJSC announced today its official launch in the UAE, becoming the first platform …
( read original story …)
Dubai’s $817 Million Road-Toll Operator IPO Covered Within Hours
Dubai is looking to raise $817 million in the initial public offering of its road-toll collection system, the third listing in the emirate this year.Most Read from BloombergThe World’s Hottest Housing …
( read original story …)
Bank of America moves some of its Russia-based bankers to Dubai – sources
Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the …
( read original story …)
Latest UAE central bank T-Bond issue oversubscribed close to 6 times, gets bids worth $2.3 billion
The overwhelming response to the bond issue is attributed to the attractive market driven prices – a spread of 8 basis points (bps) over US Treasuries for two years, and a spread of 20 bps over US …
( read original story …)
Dubai’s Salik IPO launches today
Shares priced at AED2, are now available to the public Dubai’s Salik IPO launches today Dubai RTA, dubai salik gates, GCC IPO market, Initial public offering, IPO, IPO activity, IPO in Dubai, IPO …
( read original story …)
Indian rupee rises against UAE dirham as dollar weakens
The Indian rupee appreciated 28 paise to 79.25 against the US dollar (21.59 versus the UAE dirham) in opening trade on Tuesday, tracking the dollar’s decli..
( read original story …)
UAE’s first paperless Direct Debit Marketplace launched
Fintech company Direct Debit System, launched the platform to facilitate recurring payments such as school fees, rent and subscription services …
( read original story …)
Dubai records over $463mln in realty transactions on Monday
DUBAI: Dubai real estate market recorded 452 sales transactions worth AED1.45 billion, in addition to 94 mortgage deals of AED218.97 million, and 13 gift deals amounting to AED39.65 million on Monday, …
( read original story …)
Dubai Seeks to Raise $817 Million From IPO of Road-Toll Operator
Dubai is looking to raise $817 million in the initial public offering of its road-toll collection system, the third listing in the emirate this year.
( read original story …)
Dubai’s Salik to start selling 20% shares via IPO beginning Sept.13
The process of offering Salik consists of individual subscribers “the first tranche”, professional investors “the second tranche” and qualified employees “the third tranche”, and is expected to end on …
( read original story …)
UAE’s 5-year tranche Treasury Bonds attract strong demand
The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, …
( read original story …)
New PPP law will help UAE achieve sustainable, competitive-economy based on knowledge: CEO of Etihad Credit Insurance
“Etihad Credit Insurance is committed to and has been rolling out initiatives that encourage the private sector to engage in developmental and economic projects” …
( read original story …)
Dubai lender Emirates Islamic launches bank account dedicated to female entrepreneurs
The account is curated to cater and support UAE women entrepreneurs and business owners Dubai lender Emirates Islamic launches bank account dedicated to female entrepreneurs banking industry, …
( read original story …)
Living in the UAE? This is how the transition from the previous labour laws affect your gratuity
Since the UAE implemented a new labor law, Federal Decree-Law No. 33 of 2021, many changes have been made to the laws governing employment relationships between employers and employees in the private …
( read original story …)
UAE fintech launches paperless Direct Debit Marketplace for recurring payments
The platform will allow payers and merchants to conduct recurring payments, such as school fees, insurance, rent, gym memberships, and any other subscription-based service UAE fintech launches …
( read original story …)
Salik launches IPO – but what does this mean for drivers in Dubai?
Back in June, the Roads and Transports Authority (RTA) converted Salik into a public joint stock company. On September 5, the Government of Dubai announced that the first batch of shares in Salik – …
( read original story …)