Hong Kong/Riyadh/Dubai: China is creating a consortium … Saudi officials have said Chinese companies were interested in investing in the Aramco IPO as the country — the second biggest consumer of oil globally — seeks to secure crude supplies …
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Exclusive: China gathers state-led consortium for Aramco IPO – sources
HONG KONG/RIYADH/DUBAI (Reuters) – China is creating a consortium … Saudi officials have said Chinese companies were interested in investing in the Aramco IPO as the country – the second biggest consumer of oil globally – seeks to secure crude supplies …
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UAE's first food bank opens in Dubai
Dubai: Dubai Municipality opened the UAE’s first Food Bank off Al Khail Road in Al Quoz this morning. Hussain Nasser Lootah, director general of Dubai Municipality officially inaugurated the Food Bank that includes two refrigerated containers to store dry …
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Dubai index jumps with Emaar shares, bucking trend
Dubai: Dubai index jumped with Emaar Properties on Tuesday, bucking the regional trend, and shares of Gulf Finance House also rebounded. The Dubai Financial Market General Index closed 0.92 per cent higher at 3,495.82. Traded value jumped to Dh380 million.
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UAE not keen on Adnoc IPO like Aramco, energy minister says
The United Arab Emirates has not seen a need for or discussed the listing of state-run Abu Dhabi National Oil Company (Adnoc) — similar to Saudi Aramco’s scheduled initial public offering (IPO) — the country’s energy minister Suhail Mohammad Al …
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Investment bank Houlihan Lokey to open Dubai office
Houlihan Lokey sees opportunities in the region to bring in outside capital whether it is from insurance companies, hedge funds, private equity or others, Arun Reddy, a managing director of the firm currently based in London, who will relocate to Dubai to …
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Conservative lending curtails profitability of UAE banks
according to UAE Banking Pulse, an analysis of key data of top 10 banks by Alvarez & Marsal (A&M), global professional services firm. In 2017 the UAE banks are expected to report mid to high single-digit growth in assets while maintaining costs to income …
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Dubai Financial Market : Women Establishment signs MOU with DFC
Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The agreement will enable both parties to exchange knowledge and expertise, as …
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Dubai Islamic Bank : Bank results point to improvements in asset quality and profitability
Dubai: First quarter UAE bank results announced so far broadly indicate soft growth in assets and profitability combined with a visible improvements in asset quality. For the last 8 to 12 quarters UAE banks have been focusing on efforts to strengthen their …
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Dubai Women Establishment signs MOU with DFC
Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The MoU was signed by Mona Al Marri, chairperson of the board of Dubai Women …
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Digital finance can add $3.7tr to GDP of emerging economies
Dubai: Adoption of digital financial solutions could revolutionise financial inclusion that could turbocharge growth in emerging economies, adding up to 6 per cent or 3.7 trillion to GDP by 2015, benefiting billions of people according to a report by the …
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Digital Finance Can Turbocharge Growth In Emerging Economies
Economic growth suffers. But a solution is literally at hand. Digital finance—financial services delivered via mobile phones, the Internet or cards linked to a digital payment system—could be a boon to individuals, businesses, and governments across …
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New leak suggests NSA penetrated Mideast banking networks
A new set of documents purportedly lifted from the U.S. National Security Agency suggests that American spies have burrowed deep into the Middle East’s financial network, apparently compromising the Dubai office of the anti-money laundering and financial …
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Major Leak Suggests NSA Was Deep in Middle East Banking System
Friday morning, the Shadow Brokers published documents that—if legitimate—show just how thoroughly US intelligence has compromised elements of the global banking system. The new leak includes evidence that the NSA hacked into EastNets, a Dubai-based …
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'Wrecking the internet': hackers may have just revealed huge flaw in global commodity market
Qatar First Investment Bank, Arab Petroleum Investments Corporation Bahrain, Dubai Gold and Commodities Exchange, Tadhamon International Islamic Bank, Noor Islamic Bank, Kuwait Petroleum Company and Qatar Telecom, are just a few of the financial …
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NSA code that can break into any Windows computer is released b yhacking collective that claims spy agency spie penetrated Mideast banking networks
The documents appear to show that the NSA compromised the Dubai office of the anti-money laundering and financial services firm EastNets. The company said Friday that the leaked documents were dated and denied that any customer data had been affected.
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US government 'hacked global bank system'
Swift was successfully targeted by hackers last year when criminals stole $81m from the Bangladeshi central bank. Swift is a network that allows … Headquartered in Dubai, EastNets has clients in Kuwait, Dubai, Bahrain, Jordan, Yemen and Qatar.
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