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Category: FINANCE

Posted on 13/11/2024

UAE expats increasingly remitting money to digital wallets, back accounts

Expatriates in the UAE – especially those from Bangladesh, India, Pakistan and other Asian countries – are increasingly remitting money to digital wallets and bank accounts, thanks to the arrival of …

Posted on 13/11/2024

LuLu opens latest hypermarket following mega IPO launch; aims to open 100 stores across GCC

LuLu has officially opened its newest hypermarket in Dubai’s Motor City, marking an important milestone following its highly successful Initial Public Offe..

Posted on 13/11/2024

Visa launches flexible payment feature in US, UAE to meet growing demand

Card issuing major Visa announced rolling out a flexible payment feature in the US and the UAE, in a bid to capitalise on the growing demand for a variety of transaction options.

Posted on 13/11/2024

UAE car owners, fleet operators feel pain of ‘co-insurance’ cost in motor policies

One where you are at fault? Then co-insurance payments can really start to hurt. Image Credit: Shutterstock Dubai: It’s not just motor insurance premiums that are zooming higher in the UAE – even the …

Posted on 12/11/2024

UAE to host High-Level OECD Budget Officials Meeting for MENA Region

The event aims to bolster cooperation and knowledge-sharing among regional decision-makers on public financial management and budgeting …

Posted on 12/11/2024

DOF and ACCA Sign MoU to Launch ACCA Cert PFM for Public Finance Professionals

Dubai Finance and the Association of Chartered Certified Accountants (ACCA) have signed a Memorandum of Understanding (MoU) to launch the Certificate in Public Finance Management (PFM) aimed at …

Posted on 12/11/2024

Paymentology announces strategic partnership with Zand Bank to Accelerate fintech growth in the UAE

Dubai, United Arab Emirates – Paymentology, the leading global issuer processor, has signed a referral partnership with Zand Bank, the UAE’s first fully licensed, all-digital bank. This collaboration …

Posted on 12/11/2024

UAE: Mbank launches Aani Instant Payment Platform

This collaboration aligns with the country’s commitment to providing trusted and reliable payment solutions to the community through instant and secure digital payment transactions – 24 hours a day, s …

Posted on 12/11/2024

Talabat Plans IPO On Dubai Financial Market By Mid-December

Talabat, the Middle Eastern food delivery platform owned by Germany’s Delivery Hero, plans to launch an initial public offering (IPO) on the Dubai Financial Market (DFM) by mid-December 2024. The IPO …

Posted on 12/11/2024

Man posing as Dubai prince left victims in ‘financial nightmare,’ feds say

Alex Georges Tannous, 39, pleaded guilty to one count of wire fraud, according to a Nov. 7 news release from the U.S. Attorney’s Office for the Western District of Texas. He was sentenced to 20 years …

Posted on 11/11/2024

UAE: Ministry of Finance, New Development Bank co-organise high-level technical workshop

The Ministry of Finance, in partnership with the Independent Evaluation Office of the New Development Bank (founded by the BRICS countries), co-organised a high-level technical workshop in Dubai under …

Posted on 11/11/2024

We Must Unlock Greater Access to Climate Finance at COP29 to Deliver on the UAE Consensus

Determination conquered doubt in Dubai, now we need a new goal on climate finance to be agreed at this year’s climate summit in Baku.

Posted on 11/11/2024

COP28 President calls on parties to drive and deliver the UAE consensus

Dr. Sultan Al Jaber today formally handed over the UAE’s COP Presidency to Azerbaijan on the first day of COP29 …

Posted on 11/11/2024

ADCB partners with Nirvana Travel & Tourism to offer exclusive banking rewards for Mazaya members

Abu Dhabi, UAE: Abu Dhabi Commercial Bank (“ADCB”) has partnered with Nirvana Travel & Tourism to bring the Bank’s award-winning TouchPoints loyalty programme to the Mazaya lifestyle rewards platform.

Posted on 11/11/2024

Delivery Hero Tees Up Mega Dubai IPO of Middle Eastern Unit

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year.Most Read from BloombergThe Leaf Blowers Will Not Go …

Posted on 11/11/2024

Delivery Hero Tees Up Mega Dubai IPO of Middle Eastern Unit

Delivery Hero SE unveiled plans to list its Talabat unit in Dubai in what could be among the region’s biggest initial public offerings of the year.Most Read from BloombergThe Leaf Blowers Will Not Go …

Posted on 11/11/2024

Talabat Holding plc announces its intention to float on the Dubai Financial Market

The Offering will be made available to UAE Retail Investors, including Eligible Employees … in April 2025 in respect of the financial results of the fourth quarter of 2024. The Company intends to …

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