In his final hours as president, Donald Trump lifted a 10 percent tariff on aluminum from the United Arab Emirates (UAE).
( read original story …)
How the UAE, Saudi Arabia are stepping up plans to attract more foreign investment
Abu Dhabi Investment Office chief confident of retaining ‘competitive advantage’ as competition in the Gulf heats up …
( read original story …)
UAE Phone Operators Surge on Plan to Raise Foreign Ownership
The two main phone operators in the United Arab Emirates surged after saying they may raise limits on foreign ownership, joining others in the region seeking to attract more overseas investment.
( read original story …)
Al Mal Capital’s REIT officially lists on Dubai stock exchange
Al Mal Capital ’s real estate investment trust (REIT) has officially listed on the Dubai Financial Market (DFM), following the successful initial public offering (IPO) last year. The listing is …
( read original story …)
In Gulf’s Tug-of-War Over Multinationals, UAE Looks to Keep Edge
The United Arab Emirates can stand its ground against Saudi Arabia’s effort to redraw the Gulf’s corporate map by enticing multinationals to move their headquarters to Riyadh, according to Abu Dhabi’s …
( read original story …)
Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three …
( read original story …)
Dubai’s Al Mal Capital property fund sets upper limit on non-UAE investments
Investments in projects under development will never exceed the 25 per cent mark, according to the Dubai real estate fund operator Al Mal Capital REIT. Nor will the fund breach the 25 per cent mark …
( read original story …)
After Saudi Arabia, UAE could seek early repayment of loan to Pakistan
The UAE hasn’t indicated whether it will extend a $1 billion loan – part of the $3 billion package – that will become payable on January 24, The Express Tribune newspaper reported, citing sources in …
( read original story …)
Abu Dhabi Department of Finance launches Dh6 billion supply chain financing initiative
“The UAE has made remarkable strides as a leading … We are pleased to partner with the Department of Finance and FAB to ensure business continuity and liquidity for those committed to …
( read original story …)
Abu Dhabi to shore up healthcare SMEs with Dh6bn finance package
For phase one, the UAE capital’s Department of Finance has partnered with National Health Insurance Company (Daman) and First Abu Dhabi Bank to support companies in the healthcare sector …
( read original story …)
Deliveroo valued at $7bln after raising $180mln before IPO
Deliveroo has raised more than $180 million in a new funding round and is set to expand its business globally. The latest funding round values the food delivery firm at over $7 billion. The …
( read original story …)
Saudi Arabia’s Top Bank Follows UAE Rivals to Dollar Bond Market
Saudi Arabia’s National Commercial Bank hired advisers to tap the dollar bond market, joining rivals in the neighboring United Arab Emirates to take advantage of investors’ appetite for yield.
( read original story …)
Dubai Stocks Fall Most in Mideast as Earnings Roll In: Inside EM
Dubai stocks led losses in the Middle East as companies started reporting results across the region and the number of coronavirus cases surged.
( read original story …)
Mastercard reports UAE’s shift away from cash to contactless payments
The Mastercard Economics Institute recently released a global outlook report, Economy 2021, which shares a detailed analysis of the …
( read original story …)
The ‘unsung hero’ that helped save Dubai’s property market from coronavirus
Broker Allsopp & Allsopp sees 22% increase in revenues as UAE gov’t policy changes drive recovery in latter months of 2020 …
( read original story …)
Clock ticking on $1b UAE cash facility
ISLAMABAD: The United Arab Emirates (UAE) has not yet indicated that it wants to withdraw $1 billion cash support – maturing next week – to Pakistan. The facility can be exten …
( read original story …)
Online payments, digital wallet growth, set the stage for Saudi Open Banking 2022
On the heels of Saudi Arabia’s central bank’s (SAMA) future launching of a framework for open banking in the kingdom during H1 2022, there is a buzz of excitement among fintech players who are already …
( read original story …)