Tag: banking

The Central Bank has approved the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.The jobs, approved by Sheikh Mansour bin Zayed, Deputy …
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The shareholders of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, approved Dh1.8 billion ($490 million) in dividend payments for 2021 following the bank’s strong performance …
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The company has downsized IPO by $100M, originally it intended to raise $200M by issuing 20M units. The units are expected to be listed on the NASDAQ today. Each unit consists of one Class A …
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It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up …
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Dubai’s Mashreqbank has stopped lending to Russian banks and is reviewing its existing exposure to the country as a result of heightened risks following Moscow’s invasion of Ukraine, two sources …
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A real estate agent, who took advantage of an illiterate woman to sell her villa and take all the cash has been instructed to pay the woman Dh3.3 million. The Abu Dhabi Court for Family and Civil …
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Dubai-based FinTech start-up Alaan raised $2.5 million in a new investment round as the company announced it is coming out of the stealth mode. The multi-currency spend management platform said it …
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Before joining Mashreq, Subba was an assistant vice president at Axis Bank’s Mumbai-based syndication team. He started his banking career with the Indian lender and stayed there for nearly eight years …
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“The economic effects of linking Abu Dhabi and Dubai via the UAE National Rail Network will extend for many years,” Sheikh Maktoum bin Mohammed, the country’s finance minister and deputy ruler of …
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The UAE and Israel are inching closer to a bilateral trade and economic co-operation agreement that could potentially propel Israel into the list of the UAE’s top 10 trading partners. “We understand …
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It’s official. Abu Dhabi and Dubai are now connected by a massive railway line, and you could see trains chugging between the two Emirates soon.
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“DIFC is proud to be collaborating with the UAE AI Office, confirming our commitment to the country’s Artificial Intelligence Strategy 2031 and leveraging the potential of artificial intelligence to …
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First Abu Dhabi Bank (FAB), one of UAE’s leading banks, has approved the dividend distribution of 70% of paid-up capital for the financial year ended December 31, 2021 (or AED 0.70 equivalent per …
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This is the largest national initiative of its kind by the Mohammed bin Rashid Centre for Government Innovation …
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Luxury home prices in Dubai surged 44 per cent in 2021, driven by higher demand from wealthy buyers as the emirate’s property market continues to rebound from the coronavirus-induced slowdown on the …
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The UAE Cabinet approved a policy to support Emiratisation goals and plans of private sector companies, providing additional incentives for companies supporting Emiratisation, and consolidating the …
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The UAE Cabinet approved a policy to support Emiratisation goals and plans of private sector companies, providing additional incentives for companies supporting Emiratisation, and consolidating the …
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