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Tag: banking

Posted on 23/11/2023

Global investor sets sights on UAE as the destination for future tech, opens family office in Abu Dhabi

Christian Angermayer’s Apeiron Investment Group poised to make positive contribution to UAE’s economic and social development …

Posted on 23/11/2023

COP28 UAE: With a week to go, here are the six top climate issues that demand attention

Hosted by Dubai and launching in a week, COP28 is being touted as the most important climate summit yet. The world will be held accountable when COP28 kicks off a week from today, bringing together …

Posted on 23/11/2023

Emirates’ owner Investment Corporation of Dubai nets Dh28.3 billion profit in first six months of 2023

Banking assets contributed to an overall 6.5 per cent increase in assets and the group’s equity share increased to Dh225.7 billion – a hike of 4.2 per cent. Mohammed Ibrahim Al Shaibani, Managing …

Posted on 23/11/2023

Alvarez & Marsal UAE banking sector pulse reveals strong profitability in Q3 2023

Top lenders reported improved profitability due to a steady increase in the total operating income (+15.4 percent QoQ) and a decline in impairment charges (-11.7 percent QoQ) …

Posted on 23/11/2023

In 2024, UAE businesses must prioritize keeping head office expenses in check

Intrinsically, group companies have an added advantage to access finance and are a guiding force taking the business forward. While group companies are well poised to cater to the needs of individual …

Posted on 23/11/2023

First Abu Dhabi Bank issues dirham-dominated green sukuk

The Abu Dhabi Securities Exchange (ADX) launched on Wednesday the listing of First Abu Dhabi Bank’s (FAB) AED1.3 billion ($353 million) green sukuk, which is expected to contribute to the UAE’s …

Posted on 23/11/2023

UAE’s Mashreq Bank submits reply in SC in £190 million case

ISLAMABAD (Web Desk) – Mashreq Bank of United Arab Emirates has said that the £190 million sent from the United Kingdom were not intended for the government of Pakistan. The bank on Wednesday …

Posted on 23/11/2023

COP-28 in UAE: Institutions, depts must present stand on climate finance: PM

United Arab Emirates next month and directed that all institutions should make full preparations to present Pakistan’s position on climate finance and other related issues in COP 28. The meeting was …

Posted on 23/11/2023

COP28 sponsor Mashreq partners with Visa and ecolytiq for first climate banking platform in UAE and MENA

Mashreq, in partnership with Visa and ecolytiq, has rolled out a climate banking platform to its nearly one million customers. The launch represents a first of its kind product in both the UAE and in …

Posted on 22/11/2023

COP28 UAE: What is COP28? Why is it important? Here’s all you need to know about the event

COP28 UAE will be a milestone moment for the world to unite around … Developing countries demanded a restructuring of the World Bank and its affiliates; more concessional and grant-based financing; …

Posted on 22/11/2023

Mashreq partners Visa and ecolytiq on climate banking platform

Mashreq, a leading financial institution in the MENA region, in partnership with Visa and ecolytiq, is announcing the roll out of its new climate banking platform to its nearly one million customers – …

Posted on 22/11/2023

UAE faces ‘risk and opportunity’ in green energy transition

LBS is to host another discussion this Thursday, this time in Dubai at its office in Dubai International Finance Centre, which will further discuss key themes and challenges facing the business world, …

Posted on 22/11/2023

IDB achieves remarkable Emiratization with 30% Emirati workforce within less than a year of UAE branch operations

The Bank Strives to Increase Emirati Representation Beyond Mandatory Operational Requirements as Operations Expand …

Posted on 22/11/2023

United Arab Emirates (UAE): Shakhboot Bin Nahyan Participates In An Event Co-Chaired By The COP28 Presidency Unit In London

Download logo His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, participated in an event co-chaired by the COP …

Posted on 22/11/2023

UAE powers Africa’s sustainable future

To date, the UAE has invested over $12bln in development projects and renewable energy across Africa through partnerships with both governmental and private sectors …

Posted on 22/11/2023

UAE non-oil economy to grow 4.5% this year: World Bank

According to the recently published World Bank Gulf Economic Update (GEU) report, the Bank anticipated the UAE’s non-oil GDP growth to reach 4.5 per cent in 2023, driven by strong performances in the …

Posted on 22/11/2023

UAE’s PureHealth Holding plans IPO in December 2023

P ureHealth Holding, a UAE-based integrated healthcare network, is set to launch an initial public offering (IPO) in December and list its shares on the Abu Dhabi Securities Exchange (ADX). The IPO is …

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