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Category: FINANCE

Posted on 26/07/2022

Cheques cleared in first four months valued at over $105mln: UAECB

The statistics showed that the number of cheques processed by the ICCS increased by 2.7% in the January-April period …
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Posted on 26/07/2022

UAE’s Adnoc Buys ZMI Holdings in Offshore Oil and Wind Push

The United Arab Emirates’ main energy company has bought privately-owned ZMI Holdings as it looks to bolster its offshore oil, natural gas and wind businesses.Most Read from BloombergWho Is Nicole …
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Posted on 26/07/2022

Adib’s digital banking platform for corporates sees growth

Aimed at corporations of all sizes, Adib Direct is a secure and centralised platform that integrates a suite of banking solutions into a single, streamlined interface. Businesses do not need to visit …
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Posted on 26/07/2022

UAE banks’ liquid assets exceed $141.14bln in Q1-22

The Eligible Liquid Assets Ratio (ELAR) amounted to 19% in Q1-22, higher than the minimum requirement of 10%, WAM News Agency cited the Central Bank of the UAE (CBUAE). During the January-March 2022 …
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Posted on 25/07/2022

After 23 years in finance, former UAE resident turns farming entrepreneur in Philippines

Farming isn’t easy, it requires tremendous hard work. “Our day starts at 4am. During the planting and harvesting seasons we’ve to work under the scorching sun. We’ve to educate ourselves to tend to …
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Posted on 25/07/2022

United Arab Emirates Loyalty Programs Market Report 2022: Market will Increase from $1275.7 Million in 2021 to Reach $2248.0 Million by 2026

The “United Arab Emirates Loyalty Programs Market Intelligence and Future Growth Dynamics Databook – 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, …
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Posted on 25/07/2022

UAE bank to allow cryptocurrency trading in dirhams

A bank in the United Arab Emirates will soon allow its customers to trade cryptocurrencies using Emirati currency.
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Posted on 25/07/2022

Looking for a job, in the UAE 2022? These are the sectors hiring

According to the ‘Gulf Employment Index’ released for the second quarter report for 2022, hiring has increased by 10 per cent in the UAE from the first quarter of this year, so chances of landing a …
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Posted on 25/07/2022

IFZA partners with Commercial Bank of Dubai to provide banking solutions

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
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Posted on 25/07/2022

IFZA partners with Commercial Bank of Dubai to provide exclusive banking solutions for IFZA partners and licensees

IFZA study reveals 50% of respondents believe business owners find it challenging to open a corporate bank account due to lengthy application processes, difficulty in compliance or lack of information …
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Posted on 25/07/2022

Ifza partners with CBD for exclusive banking solutions

Ifza Dubai, a top free zone in the UAE, has partnered with the Commercial Bank of Dubai (CBD) to provide Ifza Free Zone companies with quick and convenient access to banking services and financial …
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Posted on 24/07/2022

Zimbabwe launches $500 million mega project developed by UAE investor

President of Zimbabwe Emmerson Mnangagwa recently broke ground to launch the $500 million (Dhs1.83 billion) Zim Cyber City – a state-of-the-art mixed-use hi-tech park …
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Posted on 24/07/2022

CBI is the first UAE bank to be in the Metaverse

Commenting on the planned launch of CBI’s Metaverse location, Ali Sultan Rakkad Al Amri, the CEO of CBI said: “We are proud to be the first ever bank in the UAE and among the …
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Posted on 24/07/2022

VIDEO: Sheikh Mohammed meets a family during airport tour in Dubai, signs book

During his tour Sheikh Mohammed directed all airport entities to continue their efforts to further enhance global competitiveness and passenger experience at Dubai International Airports.
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Posted on 23/07/2022

3AC founders break their silence, talking about their trip to Dubai!

The founders of the hedge fund company 3AC, Su Zhu and Kyle Davies, went on to claim that the collapse of the company is regrettable. As the claim of the investors knocks the door of the company, the …
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Posted on 23/07/2022

Commercial Bank International is first bank in UAE to get to Metaverse

Dubai: Commercial Bank International has laid claim to be the first bank in the UAE to have ‘land’ on the Metaverse. It has opened up a presence in Decentraland, a blockchain-based ecosystem. “To keep …
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Posted on 23/07/2022

Investors Flock To Gulf IPOs

A spate of initial public offerings (IPOs) among the Gulf Cooperation Council (GCC) countries has attracted international investors seeking refuge from global markets battered by Russia’s invasion of …
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