DUBAI, United Arab Emirates — Qatar, the tiny Gulf state being isolated by its neighbours, said Monday the reported involvement of the United Arab Emirates in hacking its government news site in May is “unfortunate” and a breach of agreements among …
( read original story …)
UAE bank launches app to enable fingerprint access to accounts
Abu Dhabi Islamic Bank (ADIB) has released a new version of its mobile banking app which enables customers to make cash withdrawals without the use of a card. Customers can also send money to a UAE mobile phone using the mobile to mobile payments …
( read original story …)
How the Gulf can lead in digital banking within the next two years
This can assist banks in enriching their offering for a specific target customer group, leverage alternative channels to offer core banking products and adopt innovative solutions to increase efficiency. The Middle East, and in particularly the UAE and …
( read original story …)
New scheme to boost UAE financial planning, cash forecasts
The UAE Ministry of Finance (MoF) and the Federal Authority for Government Human Resources have launched the first phase of the ‘e-link’ project between the financial planning system, the electronic federal budget, “Hyperion”, and the human resources …
( read original story …)
UAE’s ADNOC Studies Banking Majors For IPO Release
The Abu Dhabi National Oil Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), is studying proposals from Goldman Sachs, JPMorgan, HSBC, and First Abu Dhabi Bank to have lead roles in the potential listing of ADNOC’s …
( read original story …)
UAE remains a bright spot for private banking
The year 2016 was marked with a series of unexpected events—from Britain’s vote for Brexit, the results of the US elections and the growth of populist movements across Europe. While all of these events projected dissatisfaction with the status quo …
( read original story …)
Goldman, JPMorgan, HSBC vie for lead roles on UAE ADNOC retail unit IPO: sources
ABU DHABI/DUBAI Abu Dhabi’s national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail business as the emirate joins other Gulf states in privatizing assets, sources …
( read original story …)
Abu Dhabi plans to IPO part of its state oil giant, joining a trend in the Middle East
The Abu Dhabi National Oil Company, or ADNOC, is considering an initial public offering of minority stakes in some of its services businesses. The UAE joins Saudi Arabia and Oman in announcing plans to sell equity stakes in portions of their state-owned …
( read original story …)
UAE’s Oil Firm ADNOC Mulls IPOs, More JVs
ADNOC, however, stressed that there are no plans for an IPO of ADNOC itself, the group holding company … and securing greater access for ADNOC products in key growth markets, the UAE’s company said. ADNOC will also be looking to deepen its existing …
( read original story …)
Adnoc eyes partnerships and IPO of subsidiaries
DUBAI: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
( read original story …)
Qatar central bank says country has $340 billion in reserves, can weather Arab sanctions
DUBAI Qatar has $340 billion in reserves that could help the Gulf country to weather the isolation by its powerful Arab neighbors, central bank governor Sheikh Abdullah Bin Saoud al-Thani said. “This is the credibility of our system, we have enough cash to …
( read original story …)
Growth in Dubai’s private sector gathers steam during June
The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, according to a new report. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose to 56.5, up from May’s seven-month low of 55 …
( read original story …)
Is your employer asking for bank statement? Here’s what to do
You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the …
( read original story …)
Adnoc eyes partnerships, IPO of subsidiaries
Dubai: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in …
( read original story …)
Living his dream
DIFC’s next big challenge: hedge funds Despite GMG’s successes over the past eight years, CEO Marco Saviozzi says there is still one major market waiting to be tapped in Dubai, and it’s one that he is doing his best to promote. “I try and get …
( read original story …)
Dubai Financial Market expects two listings this year – report
Dubai Financial Market (DFM) is reportedly expecting two listings this year as market confidence improves. Hassan Al Serkal, executive vice-president of DFM, told UAE newspaper The National the stock market had met with six or seven companies to discuss …
( read original story …)
Dubai Chamber embarks on French, Italian trade mission
The Dubai Chamber of Commerce and Industry is leading a high-level trade delegation to the Italian Riviera and southern France, in cooperation with the UAE Ministry of Economy. The trade mission will cover Genoa, Monaco and Nice this week, where a 20 …
( read original story …)