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Tag: banking

Posted on 13/06/2022

DIB Bank opens another branch in Nairobi CBD

DIB Bank Kenya Limited has today opened a new branch at JKUAT Towers along Banda Street in Nairobi bringing services closer to customers in the Nairobi Central Business District (CBD).
( read original story …)


Posted on 11/06/2022

Philippines, UAE boost economic cooperation

THE Philippines and the United Arab Emirates (UAE) signed an investment promotion and protection agreement (IPPA) on Thursday in Dubai.According to Trade Secretary Ramon Lopez …
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Posted on 10/06/2022

UAE Ramps Up Extradition Pacts in Bid to Fight Dirty Money

The United Arab Emirates expects to sign seven extradition agreements with countries around the world this year, underscoring a push by officials to cleanse the country’s image since a March …
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Posted on 10/06/2022

Intelligent EV Company NWTN Announced to Establish Its Manufacturing Base in the UAE

DUBAI, UAE / ACCESSWIRE / June 10, 2022 / The intelligent electric vehicle (EV) company NWTN announced its partnership with Sultan Investments in establishing an EV SKD assembly base in Khalifa …
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Posted on 10/06/2022

UAE: Reader complains against bank charges of Dh2,700 for a dormant account

From Ms Junniffer Binas Dubai The management of ADCB responds … that the customer is holding a current account with the Bank since April 11, 2017 and has been getting levied with the monthly …
( read original story …)


Posted on 10/06/2022

UAE: Why do banks check your bank balance when applying for a mortgage?

Here’s why you need to show some savings when applying for a home loan in the UAE Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them any …
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Posted on 10/06/2022

UAE wealth fund ADIA takes 20% stake in Indian home finance firm

A wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, has taken a 20 percent stake in an Indian home finance company for an investment …
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Posted on 10/06/2022

HSBC boosts Saudi investment banking team amid flurry of deals

HSBC Holdings has hired at least five bankers in Saudi Arabia in recent months and moved one of its Dubai-based managing directors to Riyadh to help handle a surge in dealmaking activity in the …
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Posted on 10/06/2022

UAE tops rankings in Arab world for foreign direct investments (FDI)

Global FDI was up 64 percent last year but could fall this year or remain flat at best says new report UAE tops rankings in Arab world for foreign direct investments (FDI) Arab world, FDI in UAE, FDI …
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Posted on 10/06/2022

$12 Billion UAE IPO Rush: Fertiglobe Tops in Returns, DEWA Lags

Most Read from BloombergTarget Tries to Save Itself by Putting Everything on SaleMusk Twitter Bid Counts Secretive $5 Billion Fund Among BackersHedge Fund D1 Borrowed Billions for a Hot Bet That Now …
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Posted on 10/06/2022

UAE signs deal with Philippines to boost and protect mutual investments

The UAE’s Ministry of Finance has signed an agreement with the Philippines to boost mutual investments and protect them from non-commercial risks, it said in a statement on Thursday. The partnership …
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Posted on 10/06/2022

UAE, Philippines Sign Deal On Mutual Promotion And Protection Of Investments

Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and …
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Posted on 10/06/2022

Dubai to list 12.5% of Tecom through IPO on Dubai Financial Market

Dubai will list 12.5 per cent of the Tecom Group, the operator of business districts that are home to more than 7,800 companies, on the Dubai Financial Market as part of a series of initial public …
( read original story …)


Posted on 09/06/2022

Musk Twitter Bid Counts Secretive $5 Billion Fund Among Backers

Elon Musk’s bid for Twitter Inc., which has been upended by the billionaire’s threat to walk away, attracted a bevy of big-name backers and Silicon Valley mainstays. There were some notable exceptions …
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Posted on 09/06/2022

UAE and Philippines sign deal on protection of investments

As part of its endeavours to boost and protect investments from all non-commercial risks, the UAE, represented by the Ministry of Finance (MoF), …
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Posted on 09/06/2022

Dubai Offers 12.5% in Business Park Operator Amid IPO Push

(Bloomberg) — Dubai plans to sell a 12.5% stake in business park operator … Everything on Sale Musk Twitter Bid Counts Secretive $5 Billion Fund Among Backers Hedge Fund D1 Borrowed Billions for a …
( read original story …)


Posted on 09/06/2022

FDI flows to UAE rise 5% to Dh77 billion in 2021

The UAE was ranked 19th on the list of the world’s largest FDI recipient countries, according to the UN Conference on Trade and Development’s latest report …
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