The UAE’s need to alleviate this problem is clearly … However, apart from recently reinvigorating the Emirates Development Bank and directing it to support SMEs, little else is evident on …
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UAE banks to benefit from planned interest rates increase by US Fed, S&P says
UAE banks are expected to benefit from the planned increase in interest rates by the US Federal Reserve due to higher profitability, according to a report from S&P Global Ratings. The Central Bank of …
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UAE sovereign wealth funds with combined assets of $1.4 trillion top GCC
Abu Dhabi Investment Authority ranked fourth globally witth $697.86 billion Abu Dhabi Investment Authority (ADIA) building. Adia is ranked fourth in the global ranking with an estimated assets of …
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New UAE digital bank Zand wins backing from Franklin Templeton, Aditya Birla
Zand is owned by Mohammed Alabbar and has LuLu Group founder as a key investor Dubai digital bank Zand already had a roster of high-profile investors, including Yussufali of LuLu Group.
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Dubai Islamic Bank lists $750 million Sukuk on Nasdaq Dubai
Image Credit: Supplied Dubai Islamic Bank on Tuesday listed a $750 million Sukuk on Nasdaq Dubai. The new five-year Sukuk issuance is part of the lender’s $7.5 billion Sukuk programme.
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DEWA’s Hassyan plant adds 1.2 GW gas-fired power to Dubai grid
Production capacity of the Hassyan power complex in Dubai has reached 1,200 MW … Vaar Energy to be priced at bottom of IPO range Feb 14 – Eni spin-off Vaar Energy will be listed at the Oslo stock …
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FibSwap Announces Partnership with Clover Finance
Dubai, United Arab Emirates–(Newsfile Corp. – February 15, 2022) – FibSwap joins forces with Clover Finance , exposing FibSwap’s decentralized exchange to more than 100,000 wallets. FibSwap DEx …
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UAE bank taps Israeli fintech firm ThetaRay for fraud detection tools
The United Arab Emirates’ oldest private banking institution, Mashreq Bank PSC, has tapped Israeli fintech company ThetaRay, a developer of software that mimics human intuitive decision-making to …
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Turkey, UAE sign 13 cooperation deals to boost long-strained ties
finance and trade. Last month the two countries agreed on a nearly $5 billion swap deal in local currencies. “During this visit, we aim to develop the momentum we have captured with the United Arab …
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UAE keen to strengthen partnership with Turkiye, says crown prince
The United Arab Emirates (UAE) is keen to strengthen its partnership with … Both countries also signed several agreements on energy, environment, finance, and trade. * Writing by Ibrahim Mukhtar in …
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UAE jobs: Most in-demand roles, skills in 2022 76% companies to hire new employees
Banking/finance, advertising/marketing/public relations and IT/internet/e-commerce emerge as the industries that attract or retain top talent in the UAE.
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British businessman imprisoned in Dubai accuses Islamic bank of trying to “punish” him
A British businessman imprisoned for fraud in Dubai has accused the world’s oldest Islamic bank of seeking to “punish” him with another 20 years behind bars despite having completed his original …
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‘UAE seeks to enhance political, economic ties with Turkey’
At the same time, Turkish investments in the UAE reached $310 million in 2019. During the high-level visit of Abu Dhabi Crown Prince bin Zayed to Turkey in November last year, 10 agreements were …
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Market movers: Zomato inching closer to IPO price; another shocker for SpiceJet
One prime example is Zomato, once a multibagger, now inching closer to its initial public offering (IPO) price of Rs 76 … capacity in Sanand and packaging films lines in Karnataka and Dubai.
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Dubai’s Mashreq picks Israeli firm to help detect financial fraud
Israel-based ThetaRay plans to roll out AI-driven solutions to help Mashreqbank, Dubai’s third-biggest lender, detect financial fraud during cross-border payment transfers. Mashreqbank is ThetaRay’s …
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What to Expect at the iFX EXPO Dubai 2022
About The Organisers With over 10 years’ experience in the space, iFX EXPO organisers Ultimate Fintech have plenty of fintech and finance shows under their belt. With past shows running in Cyprus, …
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Dubai SME and Khalifa Fund announce collaboration to leverage Gulfood
Khalifa Fund for Enterprise Development (KFED) and Dubai SME are collaborating to enable UAE SMEs to network with international vendors at Gulfood 2022, the world’s largest food and beverage trade …
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