Category: FINANCE

James Lafferty, the chief executive of the company, told The National, “We have plans to go for an IPO in the coming years … FHH operates five mills in the UAE, Egypt and Jordan and has six plants i…
( read original story …)

---

DUBAI: Al-Habtoor Group, the Dubai-based hotelier and leisure … Europe and the US — was still considering an initial public offering of shares on a stock market. It got close to an IPO three years a…
( read original story …)

---

SINGAPORE, Aug. 6, 2018 /PRNewswire/ — Kamakura Corporation reported today that UAE-based RAKBANK has signed an agreement to implement Kamakura’s solutions for its balance sheet management and funds …
( read original story …)

---

Mashreq Bank is expanding its partnership with Chinese mobile payments provider Alipay to 1,000 retailers within the next three months, from 150 now, as it seeks to capitalise on the influx of Chinese …
( read original story …)

---

Dubai: United Arab Bank (UAB) has concluded syndicated term financing facilities that add up to $185-million (Dh679.45). The two-year bullet term financing facilities comprise a conventional facility …
( read original story …)

---

DUBAI—Investors are questioning whether Dubai’s young financial center can police itself as the meltdown of its marquee private-equity firm highlights broader concerns about placing money in the regio…
( read original story …)

---

Moreover, possible fluctuations in the financial markets could also heavily impact the UAE, with the dirham pegged to the dollar. As such, should the trade war ramp up between the world’s two largest …
( read original story …)

---

UAE Exchange must also train human resources staff and reimburse any employee underpaid $20,000 or more with up to $500 in costs of obtaining financial advice. “Under the Enforceable Undertaking, UAE …
( read original story …)

---

Nasdaq Dubai on Tuesday announced the names of 12 Saudi Arabian … active in sectors from real estate and petrochemicals to banking and transport. Their combined market capitalisation is SR859 billio…
( read original story …)

---

Assets of Islamic banks operating in the UAE amounted to Dh565 billion ($154 billion) by the end of H1 2018, a 6.7 per cent growth of Dh35.5 billion over the corresponding period in 2017, a media repo…
( read original story …)

---

In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increas…
( read original story …)

---

The net result is expected to encourage the banking sector to increase credit activity in non-oil-related business, growing the local business community’s competitiveness and attractiveness to foreign …
( read original story …)

---

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has appointed Alain Marckus as Managing Director and Head of Investment Strategy an…
( read original story …)

---

Saudi and the UAE may one day become leading countries in the adoption … Venezuelans are turning to BTC,” said Ethereumworldnews. In 2017, the World Bank announced that there were two billion unbank…
( read original story …)

---

Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic finance in Abu Dhabi and across the U…
( read original story …)

---

UAE bank shares offer better value than their Kuwaiti and Saudi peers that have received foreign interest after their upgrade to emerging market status, according to Egyptian investment bank EFG Herme…
( read original story …)

---

The aggregate capital and reserves of banks operating in the country grew at a faster pace year-on-year in the second quarter of 2018 to reach Dh330.2 billion, according to the latest Central Bank of …
( read original story …)

---