Category: FINANCE

London – Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business, CEO Arif Naqvi said. “It’s a very fine bank run by a very fine management team, and if the opportunity …
( read original story …)

---

These things are easier said than done, especially in the UAE, where personal borrowings are piling up. We’ve asked the experts to provide some useful advice around the area of investing, financial planning, budgeting, saving or spending to help improve …
( read original story …)

---

Dubai – Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added during his speech on Monday during a press …
( read original story …)

---

Dubai’s sovereign wealth fund Investment Corporation of Dubai (ICD) has picked up a significant stake in Swiss banking app Centralway Numbrs. Centralway said on its website that it raised investment from Dubai’s sovereign wealth fund though it did not …
( read original story …)

---

Dubai’s largest bank said on Monday its net profit fell to Dh1.85 billion for the three months to the end of December, a decline of 12.8 per cent compared with the same period a year earlier. The bank blamed the decline on the higher cost of fixed …
( read original story …)

---

Dubai: Bank Muscat, Oman’s largest lender, posted a 1.3 per cent increase in fourth-quarter net profit on Sunday, according to Reuters calculations, in line with analysts’ estimates. The bank made a profit of 39.7 million riyals (Dh379.2 million …
( read original story …)

---

The $2bln Dubai deal. That random pile of manila folders … “Those kinds of big moves are mandatory for hedge funds to make real money.” A few people profited from Japanese interest rates last year. Some nimble punters made money on Brexit.
( read original story …)

---

DUBAI Jan 12 Abu Dhabi’s Union National Bank (UNB) said on Thursday an initial public offer for its new Islamic insurer joint venture Orient UNB Takaful, was more than 13 times oversubscribed. The IPO is set to be the first in the United Arab Emirates …
( read original story …)

---

The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai …
( read original story …)

---

The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai …
( read original story …)

---

The success of the IPO recognised the challenges of going online quickly and … ShortPoint is a global business built out of the UAE. It leverages all the support that Dubai offers – safety, networking, access, mentorship, hub facilities.
( read original story …)

---

But an IPO of Saudi Aramco is the world’s top crude producer’s way of responding to the current oil price rout. The listing of about 5% of Aramco was part of an economic shakeup announced by the influen­tial Deputy Crown Prince Mohammed bin Salman in …
( read original story …)

---

During its first five days agreements signed with 85 hospitality-sector entities, including hundreds of restaurants and over 100 supermarkets. The initial strategic plan for the UAE Food Bank has been inspected by its Chairperson Shaikha Hind bint Maktoum …
( read original story …)

---

Dubai: International organisations will reach out to partner with the UAE Food Bank in its fight to eliminate food waste and channel good food to good causes, experts said. The UAE Food Bank’s mechanism and implementing guidelines have yet to be released …
( read original story …)

---

DUBAI Jan 3 Dubai Financial Market (DFM) , the Gulf’s only listed stock exchange, said on Tuesday that it planned to introduce covered short-selling, a move that could increase trading liquidity. “DFM is planning implementation of regulated short-selling …
( read original story …)

---

Dubai is aiming to become the first city in the region to achieve zero food waste with the launch of a new UAE Food Bank. The initiative was launched by by UAE Prime Minister and Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum as part of the UAE’s …
( read original story …)

---

DUBAI Dubai Islamic Bank DISB.DU (DIB), the largest Islamic bank in the United Arab Emirates, has sold its stake in Jordan Dubai Islamic Bank, it said on Wednesday, as it chases growth in fledgeling Islamic banking markets. The Jordanian bank has …
( read original story …)

---