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Tag: banking

Posted on 11/08/2022

UAE firms begin offering Golden Visa to retain talent, attract highly-skilled individuals

In addition to monetary benefits, this new perk is being added by companies to attract highly-skilled and talented individuals on a long-term basis. “Earlier, the Golden Visa was focused on the …
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Posted on 11/08/2022

UAE’s robust financial system in supporting national economy: CBUAE’s Financial Stability Report

Among these key steps were the CBUAE’s gradual exit strategy from the Targeted Economic Support Scheme as the UAE economic recovery commenced, with the first phase completed by the end of 2021, and th …
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Posted on 11/08/2022

DEWA powers up to Dh12b revenue and Dh3.3b net profit in H1-2022, its first results after IPO

It was on April 12 that DEWA listed on DFM after a hugely successful IPO, the first of 10 Dubai Government enterprises that will take the road to a public listing. Since then, DEWA’s stock has been …
( read original story …)


Posted on 11/08/2022

DEWA powers up to Dh12b revenue and Dh3.3b net profit in H1-2022, its first results after IPO

It was on April 12 that DEWA listed on DFM after a hugely successful IPO, the first of 10 Dubai Government enterprises that will take the road to a public listing. Since then, DEWA’s stock has been …
( read original story …)


Posted on 11/08/2022

Dubai district cooling firm Empower’s IPO chances remain strong

Dubai: The chances of the Dubai district cooling company Empower coming up for a DFM listing is strong. DEWA, the utility giant that hold a majority stake in Empower, said that a review of the company …
( read original story …)


Posted on 11/08/2022

UAE Stocks Surge On Strong Corporate Earnings

Stock markets in the UAE ended higher on Wednesday with the Abu Dhabi index reaching a record high driven by strong corporate earnings. Th …
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Posted on 11/08/2022

Ziiboard: UAE-Based Fintech Ziina Files Patent For Innovative New Business Payment Keyboard

With the ZiiBoard, businesses can now request payments on WhatsApp, Instagram, or any messenger in just a few taps Dubai: Z …
( read original story …)


Posted on 10/08/2022

UAE and UK to fund Dh540m package for emergency services in Senegal

The UAE has joined forces with the UK to provide a Dh540m package to boost emergency response services in Senegal. The national emergency response programme, called the Redco Project Senegal, aims to …
( read original story …)


Posted on 10/08/2022

Alain Finance and Network International to launch credit card offerings in the UAE

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
( read original story …)


Posted on 10/08/2022

Emirates Islamic wins global awards for ‘Best Islamic Bank in UAE’

Emirates Islamic was named ‘Best Islamic Bank in UAE’ for the bank’s stellar performance across banking segments and for driving growth in the uptake of Islamic banking solutions across the UAE. The …
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Posted on 10/08/2022

Dubai’s biggest bank gives pay raises to cushion inflation

The trajectory of price increases represents a significant turnaround from deflation throughout 2019 and 2020 – Click the link for more details.
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Posted on 10/08/2022

Dubai records over $653mln in real estate transactions on Tuesday

The sales included 360 villas and apartments worth $201.32mln and 76 land plots worth $63.35mln DUBAI – Dubai real estate market recorded 436 sales transactions worth AED971.4 million, in addition to …
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Posted on 10/08/2022

Can Middle East money lure expats and wealthy emigrants from China? Saudi Arabia, Dubai splash on mega projects to diversify, attract talent and investors

The Line and The Ava are two new projects to extend the pipeline of shiny mega developments in the Gulf states Oil-dependent GCC states have experienced fluctuating fortunes tied to global energy …
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Posted on 09/08/2022

First tranche of $1,000,000 Paid to United Arab Emirates Headquartered Company for Acquisition

Quality Industrial Corp. (OTCQB:QIND), today announced that on August 3, 2022, they issued a two-year convertible promissory note in the principal amount of $1,100,000 to RB Capital Partners Inc. The …
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Posted on 09/08/2022

UAE: More residents opening digital bank account, says report

Neobanking adoption is set to grow in the UAE with more than one-third of residents having a digital bank account in 2023, says a new study. The number of adults in the UAE with a neobank account grew …
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Posted on 09/08/2022

Alain Finance collaborates with Network International for its credit card offerings in the UAE

Network’s established payment infrastructure and value-added revenue-generating and risk management services will help Alain Finance to focus on differentiating itself as a leading digital player in …
( read original story …)


Posted on 09/08/2022

How Middlesex University Dubai’s Accounting and Finance programme gets you closer to ACCA accreditation

Many degree programmes integrate industry qualifications into their curriculum, including Middlesex University Dubai, a 5-star KHDA-accredited British higher education institution in the UAE and Dubai …
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