Category: FINANCE

The Ministry of Finance announced that the UAE was ranked first in the ‘Efficiency of Government Spending’ index, a sub-criteria of the World Competitiveness Report 2017- issued by the World Economic Forum (Davos) in Switzerland, having ranked second …
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Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented this achievement to Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the …
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Since 2010, the UAE has achieved high rankings among the top 10 countries in the “Efficiency of Government Spending” index, where the country rose from the seventh position globally, to third in 2013, and then maintained the status of second worldwide …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named Leading Corporate for Investor Relations in the UAE at the 2017 Middle East IR Association (MEIRA) Annual Conference, which …
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Financial institutions in the UAE must go on the offensive and use digital technology to build the bank of the future, as technology is already enabling new-age innovators to come up with solutions that will disrupt the whole industry. “All institutions …
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A partnership has been set up to develop and implement emCash, an encrypted digital currency, which people can use to pay for various government and non-government services in Dubai. According to state news agency WAM, Emcredit, a subsidiary of Dubai …
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The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
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The greenfield IPO of Orient UNB Takaful in second quarter of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. Volume of deals increase in GCC The GCC saw 13 IPOs raised in the first half …
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In addition to his role as CEO of Mashreq, HE Abdul Aziz Al Ghurair is Chairman of the UAE Banks Federation (UBF). Here he discusses the UBF’s activities in developing new banking solutions and its role in partnership with the Central Bank of the UAE and …
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DUBAI: Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters.
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He also said that they were looking at new opportunities in managing ports outside the UAE but refused to divulge details … When asked whether they were considering an IPO, he said they “have no immediate plans.” Abu Dhabi Ports will be purchasing …
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The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies an easing of pressure on lenders. The central bank removed Dh3.1 billion of excess liquidity from the banking system in August …
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DUBAI (Reuters) – Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told …
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Roivant, founded by ex-hedge-fund partner Vivek Ramaswamy … That is, if you drive an electric car in Dubai. A new, more flexible Uber? The ride-hailing company is preparing to make concessions to restore its revoked London taxi license.
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The UAE Central Bank withdrew AED3.1 billion in excess liquidity during August, bringing the total withdrawals to AED11.3 billion in two months, UAE state news agency WAM reported. The apex bank said the move is part of its continuing efforts to manage …
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DUBAI, 25th September, 2017 (WAM) — Dubai Electricity and Water Authority, DEWA, has signed an agreement with Dubai Islamic Bank, DIB, allowing customers to pay their bills in instalments of up to 12 months without additional fees when they use DIB credit …
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According to Sara Abdulrahim and Arwa Ali, the biggest challenge for young Emiratis looking to manage their money is the lure of social media. “Social media makes you want to spend more,” says Ms Abdulrahim, 29, a credit analyst at Emirates Global …
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