Director of Open Secrets, Hennie van Vuuren, talks about the Gupta brother’s arrest and the UAE judicial system.
( read original story …)
Emirates Development Bank To Showcase Its Industrial Impact At The Make It In The Emirates Forum
Emirates Development Bank (EDB), will be participating in the first Make it in the Emirates Forum on June 21-22 at ADNOC Business Cen …
( read original story …)
Emirates Development Bank To Showcase Industrial Impact At ‘Make It In The Emirates Forum’
ABU DHABI, 19th June, 2022 (WAM) — Emirates Development Bank (EDB) will be participating in the first ‘Make it in the Emirates Forum’ held on …
( read original story …)
UAE announces second auction of $408m treasury bonds
In its capacity as the issuer, the UAE Ministry of Finance (MoF) has announced that the second auction of federal treasury bonds (T-Bonds) will be held on June 20, with an auction size of AED1.5 …
( read original story …)
Arab Bank “Best Bank in the Middle East 2022”
Arab Bank has recently received the “Best Bank in the Middle East 2022” award by New York-based international publication “Global Finance”, for the seventh year in a row. This global recognition came …
( read original story …)
Crypto hedge fund Three Arrows looks at potential insolvency after liquidations: The Block
Cryptocurrency hedge fund Three Arrows Capital has incurred at least $400M in liquidations in a move that could lead to potential insolvency, according to three people familiar …
( read original story …)
UAE to hold second auction of dirham treasury bonds on June 20
The UAE Ministry of Finance announced that the second auction of federal treasury bonds will be held on June 20, as the government continues to strengthen liquidity in the secondary market. The …
( read original story …)
UAE Ministry of Finance goes for second Dh1.5b Treasury Bond auction
The second auction is part of the Dh9b T-Bonds issuance program for 2022 Dubai: The UAE Ministry of Finance is launching a second dirham-denominated treasury bond auction, offering Dh1.5 billion …
( read original story …)
Ministry of Finance announces the second auction of federal treasury bonds
The second auction is part of the AED 9 billion T-Bonds issuance program for 2022; Bonds amounting to AED 750 million will be offered for a two-year tranche, and AED 750 million f …
( read original story …)
UAE: Lending money to a friend? Beware of this rule
Law stipulates financial penalties, jail when a ‘natural person’ lends money on interest Dubai: Want to borrow money from a friend when you are in a pinch? Or planning to lend out money that you may …
( read original story …)
UAE: Lending money to a friend? You can’t charge interest
Law stipulates financial penalties, jail when a ‘natural person’ lends money on interest Dubai: Want to borrow money from a friend when you are in a pinch? Or planning to lend out money that you may …
( read original story …)
The Central Bank of the UAE Raises Interest Rate
The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points, effective from Thursday, 16 June 2022.This decision was ta …
( read original story …)
More top-level job shake-ups at Dubai’s Shuaa Capital
The chief financial officer of Dubai-based Shuaa Capital PSC has stepped down, to be replaced by a new finance director, the company disclosed today, after a week of top-level changes. Gunshyam Kripa …
( read original story …)
10 business districts across Dubai within Tecom Group
Dubai: Dubai’s Tecom Group, a member of the Dubai Holding group, opened on Thursday 16 June 2022, an initial public offering (IPO), listing part of its ordinary shares for trading on the Dubai …
( read original story …)
Dubai has emerged stronger from the pandemic: Julius Baer
Dubai is one of the few cities globally to emerge stronger from the pandemic, as more people come to the emirate to leave behind uncertainty related to COVID-19 in Asia and geopolitics in Europe.
( read original story …)
UAE, US rate hikes: Who benefits the most from higher interest rates – borrowers or savers?
Delving on what the recent UAE, US interest rate hikes meant for … Lower rates had made home finance more affordable for potential homeowners, easing the interest burden on existing borrowers.
( read original story …)
Commercial Bank of Dubai recognized with “Best Technological Innovation in Financial Services” award at Seamless Awards 2022
Dubai: Commercial Bank of Dubai, one of the leading banks in the UAE, has received the prestigious “Best Technological Innovation in Financial Services” Award at the Seamless Middle East Awards …
( read original story …)