Category: FINANCE

Capital raised supports bank’s rapid growth as a universal Islamic bank across UAE Successful issuance with five-year term oversubscribed 2.1 times Listing underlines Dubai’s No. 1 position globally for Sukuk at USD 59.72 billion John Iossifidis, Chief …
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Pointing to similar cases in the past of Dubai-based Sovereign Asset Management’s opposition to SK Corp. in 2003 and Elliott’s attack on Samsung Group in 2015, the associations criticized hedge funds for taking huge profits and then withdrawing from the …
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DUBAI, May 15 (Reuters) – Islamic finance operators are scrambling to tighten the industry’s rules in order to make sure other companies cannot take the same path as Dana Gas, which this week forced a $700 million debt restructuring. Global standards are …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has once again dominated one of the industry’s leading awards ceremonies, collecting five honours at the Banker Middle East Industry Awards 2018. For the third consecutive year, DIB was …
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GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group, according to people with knowledge of the matter. The Dubai-based education …
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GEMS Education is set to move ahead with an initial public offering, rebuffing interest from a private equity firm for a stake in the school operator backed by Blackstone Group according to people with knowledge of the matter. The Dubai-based education …
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The Dubai-based education provider may announce plans as early … JPMorgan Chase & Co. and Emirates NBD PJSC to manage the IPO, people familiar with the matter said in December. The company could be valued at about $4 billion or more, people said last …
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In the event of an IPO, the certificates will transfer into an exchangeable sukuk, maturing 2 years from the IPO date, the Dubai-based company said in a statement. It added that the funding will be used to support its expansion in the region. Alan Gow …
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international 60-second remittances as well as curated daily feeds of selected deals and happenings in the UAE, personalized to the customer’s preferences. The launch of Liv. Goals, a new feature that allows customers to set and save towards financial …
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Mada’in Properties PJSC has reported a significant growth in its operating revenue for the year ended December 31, 2017. The company has also achieved a net profit of Dh15 million, which represents an increase of 22% over the financial year ended 2016.
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UAE-based financial services group Shuaa Capital has appointed a new CEO for its fully owned Sharia-compliant business financing arm, Gulf Finance Saudi Arabia. The new CEO, Atif Al Othri, will lead a team responsible for providing financial lending and …
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Dubai: The high cost of living is always a personal finance issue for many people in many parts of the world. Households constantly worry about how they can keep a roof over their heads, put food on the table or send their children to school without …
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‘Dubai Blink’ and ‘FZExchange’ are two of 26 ‘Dubai … He added that the ‘FZExchange’ project aims to help investors in the free zones gain easier access to the financial and capital markets by creating a simplified regulatory environment …
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He shared the statistics, mapping the contribution of key sectors – Islamic finance, manufacturing and trade – while chairing the second meeting of DIEDC’s Board of Directors in 2018. The contribution of the Islamic economy to Dubai’s GDP increased …
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UAE. The financial intelligence sharing by the two countries has uncovered some cases involving ex-Minister of Petroleum Resources Mrs Diezani Alison-Madueke and some of her business associates. The assets allegedly identified with Diezani are marked as J5 …
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The bell ceremony took place in the presence of Adil Taqi, Group Chief Financial Officer of DAMAC Properties, Hamed Ali, Chief Executive of Nasdaq Dubai, as well as senior representatives of DAMAC Properties Commenting on the announcement, Hussain Sajwani …
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Dubai: Liv., the lifestyle digital bank by Emirates NBD targeted at millennials has completed its first year of operations acquiring 100,000 customers, becoming the fastest growing bank in the UAE. Leveraging on in its success in the UAE, the bank has …
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