Emirates NBD collaborates with UAE schools to expand its financial education programme Dubai: Emirates NBD certainly believes in preparing the young for their futures – the Dubai bank has launched a …
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Dubai Islamic Bank hires banks for five-year dollar sukuk – document
Dubai Islamic Bank has hired banks to arrange an offering of U.S. dollar-denominated five-year sukuk, or Islamic bonds, a document showed on Monday. Bank ABC, Dubai Islamic Bank DISB.DU, Emirates NBD …
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UAE’s ADQ to invest $500 million in Flipkart
Flipkart is seeking to raise at least $3 billion and could decide to increase the amount to as much as $3.75 billion, as investors have shown significant interest.ADQ, formerly Abu Dhabi Development …
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Abu Dhabi’s ADQ in talks to invest $500 million in Flipkart
Flipkart is seeking to raise at least $3 and could decide to increase it to 3.75b Dubai: Abu Dhabi sovereign fund ADQ is in talks to invest about $500 million in India’s Flipkart, according to people …
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Infographic: World’s largest electric aircraft order
Vertical also announces plans for an IPO on the New York Stock Exchange through a merger …
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UAE Participates in the Finance and Investment Committee of the Saudi-Emirati Coordination Council’s First Meeting
The UAE, represented by the Ministry of Finance (MoF), participated today in the first meeting of the Finance and Investment Committee of the Saudi-Emir …
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LIC Housing Finance Ltd makes loans attractive for GCC NRIs
LIC Housing Finance Ltd (LIC HFL) is one of the largest housing finance companies in India, with a key objective of providing long-term finance to individuals for the purchase or construction of a …
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Germany Secures Tax Trove From Dubai in Anti-Evasion Campaign
German authorities secured a trove of tax data from Dubai, Finance Minister Olaf Scholz said, marking the first time the federal government has used the technique in efforts to stem tax crimes. The …
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Egyptian regulator tells Banque du Caire, others to IPO this year
CAIRO – Egypt’s Financial Regulatory Authority has given Banque du Caire and three other listed companies until the end of the year to sell shares on the stock exchange, two exchange sources told …
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UAE: 8 ways to stay out of debt if you think your job is unstable
Savings in bank accounts of UAE residents have increased from Dh10 billion to nearly Dh199 billion during January and April this year.
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UAE, Egypt central banks to ramp up banking supervision
Dubai: The Central banks of the UAE of the UAE and Egypt plan to strengthen supervisory cooperation through a nee MoU. It outlines the mechanisms of information exchange to facilitate their …
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Covid: UAE residents’ savings swell to Dh199 billion during pandemic
UAE residents’ savings have swelled during Covid as pandemic-induced restrictions and lockdowns led people to spend less on travel, entertainment, fuel expenses and shopping. The latest data released …
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Aafaq Islamic Finance forges transformational partnership with The Social Loan Company to drive financial inclusion
The Social Loan Company (TSLC), a Singapore-based AI/ML-powered cutting-edge big data-driven credit enablement platform company, has forged a transformational partnership with Aafaq Islamic Finance to …
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UAE bans entry of passengers from Zambia, Congo and Uganda
The UAE has suspended the entry of travellers from Zambia, the Democratic Republic of the Congo and Uganda on all flights of national and foreign carriers, effective June 11. The General Civil …
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UAE central bank unveils whistleblowing portal
The Central Bank of the UAE (CBUAE) has introduced a whistleblowing portal to allow internal and external stakeholders to anonymously raise any concernsthe related to misconduct or policy violations …
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New UAE ultimate beneficial owner law looks to crack down on money laundering
New regulations ensure financial transparency around business ownership to better combat money laundering and terrorist financing …
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UAE banks’ H1 results to reflect improving economy
The UAE banking sector has witnessed a sizeable improvement in profitability in the first quarter, and the trend is likely to continue for subsequent quarters. – Asad Ahmed, A&M Managing Director …
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