Knowing what role Foundations play for start-ups and new business ventures in the UAE Dubai: Over the last few years, a rising trend within the entrepreneur ecosystem is an increase in the number of …
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Dubai start-up Quiqup raises $1.36m from Mohammed bin Rashid Innovation Fund
Dubai-based technology start-up Quiqup received a guarantee for a loan worth Dh5 million ($1.36m) from the Mohammed bin Rashid Innovation Fund (MBRIF) as it looks to support the growth of the “quick …
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Tabreed launches Green Financing Framework to fund projects aligned with UAE’s carbon-neutral objectives
and operating district cooling schemes in the UAE, as well as projects related to energy and water efficiency, and wastewater management. The framework will also help the company meet its commitments …
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EDB’s App Gives Banking Access to 500 UAE Firms in 3 Months
In a development that augurs well for meeting one of the goals of the UAE’s national agenda to offer easy financing solutions to the private sector, Emirates Development Bank (EDB) has announced that …
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Some Goldman Sachs Employees Moving Out of Russia to Dubai
A portion of Goldman Sachs Group Inc.’s Russia staff is relocating out of the country as firms react to a global effort to shut off the Russian economy after the invasion of Ukraine. The Wall Street …
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UAE central bank wins top award for its performance
The Central Bank of the UAE has won a top federal entity award for best performance improvement in the sixth cycle of the Mohammed bin Rashid Government Excellence Award, under the umbrella of the …
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UAE – BJP Is Banking On Last Minute Mega Road Show Of Prime Minister To Win
LUCKNOW: Will the mega road show of Prime Minister Narendra Modi in Varanasi spin the magic for BJP in the holy city and other constituencies in seventh and last phase of polling in Uttar Pradesh on …
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Impact of Russia – Ukraine conflict on UAE banks will be limited and indirect
Higher interest income, interest margins and lower provisions to drive bank profits Dubai: The impact of war between Russia and Ukraine is likely to have only limited and or indirect impact on the …
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UAE’s to further strengthen its anti-financial crime framework
With the aim of ensuring the success and sustainability of the UAE’s efforts to strengthen its anti-financial crime framework, FATF has announced that it has placed the UAE under increased monitoring.
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UAE committed to working with international community to combat financial crime
The UAE is committed to working with the international community and across sectors to tackle illicit finance and money laundering. That is the overarching message from the UAE government in response …
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Russia-Ukraine conflict unlikely to dent GCC’s IPO boom
High oil prices and abundant liquidity are expected to keep Gulf IPO demand soaring Dubai: The booming market for initial public offerings across the GCC, particularly Saudi Arabia and the UAE are …
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Indian rupee near all-time low against UAE dirham
Image Credit: Bloomberg Dubai: Indian rupee has plunged to a two … in the interbank market the Reserve Bank of India (RBI) did not intervene, signaling further downward pressure on rupee.
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UAE Added to Global Watchdog’s ‘Gray List’ Over Dirty Money
The United Arab Emirates has been added to a global watchdog’s list of countries subject to greater oversight for shortcomings in tackling illicit finance, potentially complicating local operations …
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UPDATE 3-Financial crime watchdog adds UAE to ‘grey’ money laundering watch list
Global financial crime watchdog the Financial Action Task Force (FATF) on Friday said Middle East business hub the United Arab Emirates had been included on a list of jurisdictions subject to …
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Q1 2022 Gift Card and Incentive Card Industry Report UAE – Strong Growth in E-Commerce Shopping Expected to Drive the Market
Dublin, March 04, 2022 (GLOBE NEWSWIRE) — The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) – Q1 2022 Update” report has been added …
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UAE bank lending set to grow in 2022 amid strong economic recovery, S&P says
Banks in the UAE are expected to record an increase in lending growth this year as the Arab world’s second-largest economy charts a strong recovery from the Covid-19 pandemic, according to a new …
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UAE poised for FATF’s ‘gray list’ over allegations of ‘dirty money’
The United Arab Emirates is set for inclusion on a global watchdog’s “gray list” after some of its members indicated that the Gulf nation hadn’t made enough progress in tackling illicit financ …
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