Dubai Investments plans IPO of Emicool unit in Q4

Dubai Investments plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a AED 3 billion ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin Kalban told Bloomberg ... ( read original story ...)

Dubai Investments Plans IPO of Emicool Unit in Fourth Quarter

‘Why We Were Expecting A Rate Hike’ Budget 2018’s Building Blocks For A New Rural Governance System Oil Hunger to Grow in Nation Aiming For Only Electric Car Sales Stock Bulls Better Be Careful What They Wish For 5 Rules to Help Avoid Investing ... ( read original story ...)

DFSA Signs MoU with Central Bank of Oman

The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman signed a Memorandum of Understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International ... ( read original story ...)

‘How Sterling Bank Helped My Dream of Visiting Dubai’

Recently Sterling Bank Plc unveiled a new promo tagged 1dament to reward its existing and new customers. The promo which kicked off in the first week of December 2017, coincided with the Christmas season and the New Year, and will end in March. At the ... ( read original story ...)

UAE Exchange uses blockchain for instant cross-border payments

Through this partnership, UAE Exchange joins RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which provides ... ( read original story ...)

UAE ranked 3rd for Islamic Fintech start-ups

Crowdfunding and peer-to-peer (P2P) financing could be a game-changer in Islamic finance, it suggests, giving wider reach and potential to close the gap for small and medium enterprises, SMEs, which generated about 60 per cent of UAE GDP in 2014 ... ( read original story ...)