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Category: FINANCE

Posted on 05/12/2024

Dubai’s AED1,070 e-trader licence: Guide for freelancers, home businesses and entrepreneurs – all you need to know

With freelance registrations surging across the region, here’s your complete guide to Dubai’s most affordable business licence …

Posted on 05/12/2024

AlHuda CIBE will organize Global Islamic FinTech Forum in Dubai, UAE

Dubai: AlHuda Centre of Islamic Banking and Economics (CIBE) is organizing the Global Islamic FinTech in Dubai, United Arab Emirates. This event aims to improve the country’s economic conditions in …

Posted on 05/12/2024

Abu Dhabi Finance Week to begin next week as emirate brings influx of global asset managers

Abu Dhabi Finance Week, ADGM’s key financial event, will begin next week as the UAE capital continues to attract global asset managers amid its economic diversification efforts. Double seems to be the …

Posted on 05/12/2024

EDB reveals $305mln in financing to cultivate UAE’s food security sector

By supporting food security, EDB seeks to cultivate a robust and resilient ecosystem that drives sustainable development and enhances the nation’s self-reliance …

Posted on 05/12/2024

Almoosa Health to raise up to $450m from Saudi IPO

Almoosa Health Company expects to raise between SAR1.63 billion and SAR1.69 billion ($433.80-449.7 million) from its initial public offering (IPO) on the Saudi stock exchange. The company set the …

Posted on 05/12/2024

Taj Dubai has two new hires in the finance and sales and marketing departments

Taj Dubai’s recent promotions. Taj Dubai has two new hires in the finance and sales and marketing departments. Ashok Kapur, Kalpesh Shangvi. Appointments.

Posted on 05/12/2024

UAE gross bank assets climbed to $1.2tn in August

The Central Bank of the UAE (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased by 0.7 per cent from AED4.35tn ($1.2tn) at the end of July 2024 to AED4.378tn ($1.2bn) …

Posted on 05/12/2024

Hedge fund Dymon Asia opens first Middle East office in Dubai

Singapore’s Dymon Asia Capital has opened its first office in the Middle East to capitalise on the time zone and capture more investment talent in that region, the hedge fund manager said.

Posted on 05/12/2024

Gross banks’ assets hit Dhs4,378b by August-end: UAE Central Bank

The Central Bank of the UAE (CBUAE) announced that gross banks’ assets, including bankers’ acceptances, increased by 0.7 per cent from Dhs4,348.6 billion at the end of July 2024 to Dhs4,378.0 billion …

Posted on 05/12/2024

Hong Kong needs to nurture insurance talent to rival Singapore and Dubai, CEOs say

Lawrence Lam, Hong Kong CEO at Prudential, says data analysts have become more important than ever in the industry.

Posted on 04/12/2024

Saudi Arabia’s Almoosa plans to raise up to $450 million through Riyadh IPO

Saudi healthcare provider Almoosa Health plans to raise as much as 1.688 billion riyals ($449.3 million) from selling a 30% stake in the company via an initial public offering on the Riyadh bourse, it …

Posted on 04/12/2024

Hedge funds and wealth managers ‘are a boon’ for DIFC

The DFSA (Dubai Financial Services Authority) the independent regulatory agency that oversees financial services …

Posted on 04/12/2024

Dubai’s virtual asset regulator issues alert against XT.com and six other crypto entities

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued alerts for seven crypto entities claiming to be registered and licensed in Dubai. The entities include, Koto Crypto, Finchain, Crypto …

Posted on 04/12/2024

Emirates NBD revitalises bespoke Emirati Package proposition targeting aspirations, lifestyle and financial needs of UAE Nationals

Bank adds full suite of tailored offerings focusing on diversified needs of Emiratis including accounts, loans, wealth management and credit cards …

Posted on 04/12/2024

Emirates NBD revitalises bespoke Emirati Package proposition targeting aspirations, lifestyle and financial needs of UAE Nationals

Bank adds full suite of tailored offerings focusing on diversified needs of Emiratis including accounts, loans, wealth management and credit cards …

Posted on 04/12/2024

Dubai Chambers signs MoU with HSBC to support expansion of companies locally and globally

This collaboration will contribute to enhancing our efforts to accelerate the growth of companies across diverse sectors and attract global investments to Dubai” …

Posted on 04/12/2024

UAE’s Abu Dhabi sets out measures to help business get away from oil

Abu Dhabi, the capital of the United Arab Emirates (UAE), set out measures on Wednesday to simplify processes for businesses as it strives to diversify its economy away from oil. The oil-rich city …

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