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Tag: banking

Posted on 14/12/2023

Bank ABC in deal to fund Majid Al Futtaim solar power projects

Enec partners with Canadian nuclear group for IMSR plant development; Nextracker hits 10-GW milestone in MEA solar power markets; Besix, Hitachi Zosen Innova in Dubai waste manage …

Posted on 14/12/2023

UAE Follows US Federal Reserve To Leave Rates Unchanged

The Federal Reserve on Wednesday left interest rates unchanged for a third straight time at 5.25 per cent to 5.5 per cent, as inflation heads toward …

Posted on 13/12/2023

Dubai’s economy shows ‘strong upwards trend’

Operating conditions in the Dubai non-oil private sector economy improved sharply in the penultimate month of the year, despite the rate of growth softening from October, analysts at S&P Global said.

Posted on 13/12/2023

The biggest takeaways from COP28, the UN climate conference in Dubai

Nearly 200 nations have agreed to transition away from fossil fuels, in a landmark consensus touted to drastically accelerate climate action.

Posted on 13/12/2023

Iraq, UAE to finance trade exchange in UAE dirham

The Central Bank of Iraq (CBI) revealed on Wednesday that Iraq and the UAE agreed to finance trade exchange and imports in UAE dirham.

Posted on 13/12/2023

Oman Arab Bank and First Carbon Investments sign MoU

Muscat, Oman – Oman Arab Bank (OAB) and First Carbon Investments (FCI) announced the signing of a Memorandum of Understanding (MoU) to accelerate the deployment of new clean technologies in MENA. The …

Posted on 13/12/2023

noqodi partners with Napier to secure Digital Payments in the UAE

Napier, the London-based financial crime compliance RegTech, is pleased to announce it has been selected as the anti-money laundering (AML) platform f …

Posted on 13/12/2023

CoinMENA FZE Receives a VASP License for VA Broker-Dealer Services from Dubai’s Virtual Assets Regulatory Authority (VARA)

CoinMENA B.S.C (c) has, to this point, been serving clients in the UAE from its base in Bahrain. With the award of the VARA license, CoinMENA FZE can now serve clients from its Dubai Head Office and …

Posted on 13/12/2023

UAE Self-sponsored visas: how to live in Dubai without working

The holder can work for themselves, or another company (local or otherwise) without the need for individual sponsorship. Unlike the standard residency visa, the UAE golden visa permits holders to …

Posted on 13/12/2023

ICAEW: UAE GDP set to double in 2024 from oil and non-oil boost

The UAE’s GDP is expected to double in 2024 to 4.8%, up from 2.4% year-on-year in 2023, according to the latest Economic Insight report commissioned by ICAEW and compiled by Oxford Economics. While …

Posted on 13/12/2023

IDB marks one year of successful operations in UAE

IDB’s remarkable accomplishments serve as a catalyst for future expansion within the region.

Posted on 13/12/2023

Dubai police arrests Mahadev betting app co-owner Ravi Uppal, ED ‘starts extradition process’

ED officer says search on also for partner Sourabh Chandrakar, and that ‘everyone knows he too is in Dubai’, adds the two men ‘had been running their operations from Dubai’.

Posted on 13/12/2023

UAE: ‘Viable two-state solution plan’ needed before we commit to rebuilding Gaza

Viable two-state solution plan’ needed before we commit to rebuilding Gaza appeared first on The Times of Israel.

Posted on 13/12/2023

First Abu Dhabi Bank Partners with Archireef to Restore the UAE’s Coral Reefs

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and strongest financial institutions, has today announced a strategic partnership with Archireef, the pioneering …

Posted on 13/12/2023

Accenture to Enable Commercial Bank of Dubai’s Tech Transformation in Middle East

Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation.

Posted on 13/12/2023

UAE: Purehealth IPO Subscription Ends With Dh265 Billion In Gross Orders

Abu Dhabi-headquartered PureHealth has completed the subscription process for its initial public offering (IPO) on the Abu Dhabi Securities Exchange …

Posted on 13/12/2023

PureHealth’s IPO attracts Dhs265bn in orders

PureHealth’s initial public offering drew Dhs186bn in orders from professional investors within the UAE and the region.

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