The Economic and Financial Crimes Commission has arrested a Dubai-bound Nigerian … Operatives of the Commission discovered that the suspect had 490 Guaranty Trust Bank ATM cards, 287 of Access Bank, 49 of Eco Bank, 10 of UBA, six of Stanbic IBTC Bank.
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New cryptocurrency launches in Dubai, backed by real economic activity
Dubai: Farad, a Malaysian company … operating independently of a central bank. Bitcoin is the most famous example of a cryptocurrency. In simple terms, an investor will purchase a Farad cryptoken, which will be backed by the manufacturing of state …
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EFCC arrests Nigerian traveling to Dubai with 849 ATM cards
He was reportedly preparing to board an Egypt Air flight heading for Dubai, United Arab Emirates … It was discovered that the suspect had 490 Guaranty Trust Bank ATM cards, 287 of Access Bank, 49 of Eco Bank, 10 of UBA, six of Stanbic IBTC …
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New York wants Saudi Aramco and other Gulf IPOs: Top NYSE official
DUBAI: The New York Stock Exchange … which is believed to be looking to raise up to $100 billion next year in the biggest IPO in history, he made it clear that NYSE wants to stage the Aramco IPO, and has already had talks with the Saudi giant.
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StanChart CEO says Gulf rift puts Dubai finance hub at risk
LONDON (Reuters) – The boss of Standard Chartered (STAN.L) has warned that Dubai risks damaging its status as a financial center as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a …
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“Misr Um El Donia” account launched in UAE
We are very happy to offer our Egyptian clientele the opportunity to bank with convenience. We’ve tailored this to meet the needs of customers who live in the UAE but also bank in Egypt, support family members and pay any outstanding bills back home.
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UAE’s RAKBANK in partnership with Diebold Nixdorf launched Samsung Pay on their ATMs
RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE’s most dynamic financial institutions. Founded in 1976, it underwent a major transformation in 2001 as it rebranded into RAKBANK and shifted its focus from purely …
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Qatar’s IHG to list on bourse despite diplomatic crisis
DUBAI, Aug 6 (Reuters) – Family-owned Qatari conglomerate Investment Holding Group IPO-INVH.QA plans to list on the local stock market next week in a sign that authorities intend to push ahead with developing Qatar’s financial markets despite a diplomatic …
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Crowdfunding set to revolutionise fund-raising for SMEs
However, the recent efforts of the Dubai International Financial Centre (DIFC) and its regulator, the Dubai International Financial Services Authority (DFSA), are giving it a formal framework that sets out the rules of the game. Crowdfunding is a generic …
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The Latest: Dubai high-rise fire began from clothing
Firefighters say a blaze on a Dubai skyscraper began from clothing left on a balcony. Capt. Amer Abdulwahab al-Qahtani of the Dubai Civil Defence told The Associated Press that Sunday’s blaze at the Tiger Tower began on the 53rd floor. He says …
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New phase of FAB brand roll-out begins
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year. During the coming months, the bank …
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Aramex announces resignation of board member
The company revealed this in a statement posted on the Dubai Financial Market’s website. Aramex’s second-quarter net profit to June 2017 grew by 4 per cent to Dh1.15 billion, compared to Dh1.1 billion in the same period last year. Net profits in the …
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Be cautious of public WiFi scams, says Dubai Police
Dubai Police has issued a warning about the dangers of using … “Cyber criminals will use every opportunity to infiltrate networks in order to gather personal and financial details. Quickly they can extract this information.” Cybercriminals use this …
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Saudi and UAE bourses flat, Qatar stocks fall
Stock markets in Saudi Arabia and Dubai were flat on Sunday after a mixed group of Saudi … citing a decrease in residential sales and higher financial charges. Al Andalus Property edged down 0.5 per cent. It reported second-quarter net profit of 27.6 …
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Protests outside UAE Embassy over terror funding allegations
… reported that some Gulf countries were used to receive funds from banks in Pakistan and UAE owned by the UAE royal family to allegedly finance terror strikes in the U.S. in 2001 and Mumbai in 2008. Banks like the Dubai Islamic Bank in UAE, and the …
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Indian man wins dirham 5 million in UAE draw
Dubai, Aug 6 (PTI) An Indian man in the UAE today hit a jackpot … better time for Thokachichu as he had been struggling to pay back his loans and was facing financial hardships. The Indian based in Ras Al Khaimah had been buying tickets for the draw …
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Fire strikes another tower in the Dubai Marina
DUBAI, United Arab Emirates — A fire has struck another high-rise tower in the Dubai Marina, just days after a blaze struck one of the world’s tallest residential towers in the same neighbourhood. Witnesses said firefighters had already begun spraying …
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