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Category: FINANCE

Posted on 07/02/2021

Dubai-based streaming service Starzplay receives $25 mln funding

The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
( read original story …)


Posted on 06/02/2021

UAE economy to grow faster untill 2024: IIF

US think-tank says UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024 The UAE economy will post faster growth each year over the next three years, helped by a range of pandemic …
( read original story …)


Posted on 06/02/2021

UAE: New Covid restrictions ‘to ease as vaccine coverage expands’

Quoting authorities in the UAE, the Washington DC-based body said restrictions imposed recently again about social distance to contain he pandemic will fade over time as vaccine coverage expands and …
( read original story …)


Posted on 05/02/2021

British Woman in Dubai Says ‘F*** You’ to Flatmate on WhatsApp, Gets Jailed for 2 Years

She sent message after an argument over who would use the dining table while working from home in October during the lockdown last year.
( read original story …)


Posted on 04/02/2021

Kuwait Finance House fourth quarter net profit falls 22% as COVID-19 hurts economy

Kuwait Finance House on Thursday reported a 22% drop in fourth-quarter net profit and a 40.9% drop in 2020 net profit, blaming the annual fall on a sharp slide in investment income and a rise in …
( read original story …)


Posted on 04/02/2021

Kuwait Finance House Q4 net profit falls 22% as COVID-19 hurts economy

DUBAI- Kuwait Finance House on Thursday reported a 22% drop in fourth-quarter net profit and a 40.9% drop in 2020 net profit, blaming the annual fall on a sharp slide in investment income and a rise …
( read original story …)


Posted on 04/02/2021

Starzplay secures $25mln financing from UAE’s Ruya Partners; eyes 2024 IPO

Regional Subscription Video On Demand (SVOD) service, Starzplay, has secured $25 million (AED 92 million) from Abu Dhabi-based Ruya Partners. The funding will be used to expand its geographic and …
( read original story …)


Posted on 04/02/2021

UAE banking sector invests heavily in their fight against cyber attacks

Since the pandemic, the number of cyber-attacks in the UAE and the region has seen a substantial increase, as the organisations have been forced to an immediate remote working scenario. As part of the …
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Posted on 04/02/2021

Saudi Arabia, UAE retain $2b financial support

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations.
( read original story …)


Posted on 04/02/2021

UAE’s BaaS Fintech NymCard Secures $7.6M in Capital via Series A to Accelerate its Expansion Efforts

Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in capital through a Series A funding round. The banking-as-a-service (BaaS) provider confirmed that the …
( read original story …)


Posted on 04/02/2021

The “Invest In Dubai” Platform Makes Dubai The Best And Easiest City To Invest And Do Business

H.H. Sheikh Mohammed bin Rashid Al Maktoum has launched a specialized platform to create opportunities for investors and consolidate the emirate’s position in the global investment landscape.
( read original story …)


Posted on 03/02/2021

Dubai-based streaming service Starzplay receives $25mln funding

The Dubai-based online streaming platform will use the funds from Ruya Partners to further strengthen the company’s geographic and customer reach as well as to acquire and produce original content, …
( read original story …)


Posted on 03/02/2021

Dubai Financial Market profits jump as trading volumes rise to $18bn

Dubai Financial Market Company on Wednesday announced an annual net profit of AED137.9 million, up 14 percent on the previous year as trading jumped by nearly a quarter to AED66 billion ($18 billion).
( read original story …)


Posted on 03/02/2021

Finance Minister Holds Talks with UAE’s Ambassador

Minister of Finance Ahmed Shide held talks today with the Ambassador of the United Arab Emirates (UAE), Mohammed Salim Alrashid.The discussion focused on ways to enhance economic cooperation between …
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Posted on 02/02/2021

Dubai launches new one-stop shop to attract more investors, entrepreneurs

Invest in Dubai platform enables investors to obtain trade licences and launch their business in a matter of minutes …
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Posted on 02/02/2021

Revealed: UAE’s 10 most valuable banks

Ten UAE banks have been featured among the world’s top 500 most valuable and strongest banking brands of 2021. According to Brand Finance, the UAE banks’ combined brand value reached $13.7 billion …
( read original story …)


Posted on 02/02/2021

UAE’s citizenship move set to spur influx of more Indian investment, talent

Policy experts in India say move is bound to attract more investments and talent from the south Asian country Policy experts and expat Indian business leaders have hailed a move by the UAE to amend …
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