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Tag: banking

Posted on 22/03/2022

DEWA IPO: Retail investor interest for mega-IPO already at a peak ahead of Mar. 24 opening

Dubai: Participating banks in the UAE are all set to hit the ‘Send’ button releasing funds that would allow their accountholders to subscribe to the DEWA IPO, which opens Marc …
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Posted on 22/03/2022

UAE Cabinet adopts new laws on worker’s rights in the private sector, gender parity, and child protection

The Cabinet also approved a decision to establish the “Collective Labour Disputes Committee”, chaired by Dr Abdulrahman Al Awar, the Minister of Human Resources and Emiratisation UAE Cabinet adopts …
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Posted on 22/03/2022

How Many Adib Branches In Uae?

With more than 60 branches, ADIB has one of the largest distribution networks in the UAE. Egypt, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, Sudan, and Iraq are among the 6 strategic …
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Posted on 22/03/2022

10 Fintech Startups to take part in the CATAPULT: Inclusion Africa Special Edition in Dubai, LHoFT

LHoFT Foundation selects two Ugandan startups selected to take part in the 2022 edition of the CATAPULT: Inclusion Africa: Special Edition in Dubai.
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Posted on 22/03/2022

United Arab Emirates Fuel Station Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

The United Arab Emirates fuel station market is expected to register a CAGR of 2. 3% during the forecast period of 2022-2027. The production of refined products is expected to reach 1,165. 2 thousand …
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Posted on 21/03/2022

UAE asset manager buys majority stake in fintech firm

Dubai-headquartered asset management and investment banking platform Shuaa Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed sum. The deal will provide the …
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Posted on 21/03/2022

UAE schools run financial literacy workshops during Global Money Week

Payments technology company Visa and children’s money management application Cashee are launching educational workshops in UAE schools to coincide with Global Money Week that runs from March 21 to 27.
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Posted on 21/03/2022

Finastra and Union of Arab Banks to accelerate digital banking together

Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. The partnership combines …
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Posted on 21/03/2022

UAE: Gold prices to not drop too much ahead of Ramadan if no end in sight for Ukraine crisis

Gold prices fell 3.5 per cent last week; analysts see it steadying in the days ahead. Dubai: Gold prices rose on Monday after last recording their worst week since late November, as safe-haven demand …
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Posted on 21/03/2022

How Dewa IPO paves the way for more energy listings in the Gulf

Until recently, it was one of the Gulf region’s paradoxes that domestic equity investors had little access to its colossal oil and gas resources. At the same time, a decade of dismal underperformance …
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Posted on 21/03/2022

UAE – What is Fatca

Including China, 113 jurisdictions have signed the IGA to comply with Fatca, and the UAE is one of them. Fatca in UAE The UAE signed IGA with the US government (US-UAE IGA) on June 17, 2015. Being a …
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Posted on 21/03/2022

How Does Uae Make Money?

Are The Things Uae Ch Is Uae Rich In? There was a $421 billion GDP for the UAE in 2019. represents an opportunity to appreciate the significant natural resources situated in the U …
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Posted on 21/03/2022

AXL Gears Up to Host its First IDO for Gravis Finance

AXL Gears Up to Host its First IDO for Gravis Finance Gravis Finance partners up with AXL INU to complete its first Initial DEX Offering using AXL Launchpa …
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Posted on 20/03/2022

Emirates NBD Supports Upcoming IPOs with End-to-end IPO Subscription Website

Fully digital platform to support investor participation ahead of upcoming listings on DFM Individual investors to benefit from seamless, paperless journey from subscription to payment Real-time …
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Posted on 20/03/2022

How Dubai’s largest bank plans to add momentum to emirate’s IPO push

Emirates NBD announces the launch of a new IPO platform to support investors How Dubai’s largest bank plans to add momentum to emirate’s IPO push DFM, Dubai banking, Dubai Financial Market, Dubai …
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Posted on 20/03/2022

UAE: How will banks recover outstanding car, personal loans if I lose my job?

Question: I work in a Dubai-based firm and my job doesn’t look too steady at the moment. I have availed of two loans: One is a personal one, and the other is car finance. I have about four years to go …
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Posted on 20/03/2022

Pent-up demand, resurging economy to drive UAE’s loan growth: RAK Bank CEO

Dubai: Rapid recovery of the UAE economy supported by increased consumer spending is expected to drive loan growth and profitability of banks this year, RAK Bank CEO Raheel Ahmed told Gulf News in an …
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