Arif Amiri is Chief Executive Officer at Dubai International Financial Centre Authority. The global finance industry has started to recognise the potential of artificial intelligence to help advance …
( read original story …)
Dubai’s Mashreq Bank could sell its payments business – and it may not be the only one
First Abu Dhabi Bank is in talks with Brookfield Asset Management to sell its payments unit called Magnati. In 2015, Warburg Pincus and General Atlantic bought a stake in Network …
( read original story …)
Meet the Gen Zs who have built significant wealth in their 20s
At only 25, Queenie Tan has a net worth of 494,899 Australian dollars ($357,026), which she built along with her 30-year-old partner Pablo over a span of six years.Her net worth was more than …
( read original story …)
Dubai stocks gains, lifted by Dewa’s expected IPO
lifted by the news of Dubai Electricity and Water Authority (Dewa) expected initial public offering (IPO) early next month. In addition, investors also priced in geopolitical developments in Europe on …
( read original story …)
Saudi Arabian miner Al Masane Al Kobra set to raise up to $333mln in IPO
DUBAI- Saudi Arabia’s Al Masane Al Kobra Mining Co is set to raise up to 1.25 billion riyals ($333.18 million) in its initial public offering, after the company disclosed it indicative price range on …
( read original story …)
Investors punish Home Depot despite solid 4Q; Dubai still has the world’s busiest airport
Home Depot saw its sales remain strong in its fourth quarter as i Even so, its stock slumped 8.9 percent helped drag down the S&P 500 over concerns about the home-improvement retailer’s profit margins …
( read original story …)
UAE-based angel investors invest in IMAN’s $1 million Seed round
A group of UAE-based angel investors has participated in Uzbek-based fintech startup IMAN’s $1 million Seed round. The …
( read original story …)
UAE-based teachers build world’s first financial intelligence hub
Two UAE-based teachers have fused EdTech with FinTech to create the world’s first financial intelligence hub — complete with a learning resource and a smart money management app. The purpose-built …
( read original story …)
UAE’s First Abu Dhabi Bank set to sell $500 million sukuk
Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, KFH Capital, Saudi National Bank, Sharjah Islamic Bank, Standard Chartered and The Islamic Corporation for the Development of the …
( read original story …)
Saudi Arabian miner Al Masane Al Kobra set to raise up to 1.25 billion riyals in IPO
Saudi Arabia’s Al Masane Al Kobra Mining Co is set to raise up to 1.25 billion riyals ($333.18 million) in its initial public offering, after the company disclosed it indicative price range on …
( read original story …)
Emirates Development Bank and Dubai Islamic Bank team up to fund UAE SMEs
helping them have easier access to finance. “Emirates Development Bank is committed to supporting the UAE’s economic diversification strategy. To achieve this, one of the pivotal steps is to bridge …
( read original story …)
Dubai-owned B2B marketplace Tradeling is out to win the percentage game
Image Credit: Supplied Dubai: The Dubai Government backed B2B … and making it easier for buyers on the portal to tap trade finance, Tradeling wants to reshape the B2B space in favour of online …
( read original story …)
UAE – Mohammed bin Rashid receives credentials of new ambassadors
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, H.H. Sheikh Ahmed bin …
( read original story …)
Mohammed bin Rashid, Mohamed bin Zayed discuss UAE’s future development plans
The meeting was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
( read original story …)
UAE: Reader needs a cheque book, but bank refuses to open a current account
It’s the bank’s sole discretion to approve all applications … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get …
( read original story …)
RAKBANK joins UAE Trade Finance Gateway
has teamed up with RAKBANK to boost SME financing through collaboration under the UAE Trade Finance Gateway, a digitised platform that helps exporters and re-exporters based in the country to obtain …
( read original story …)
New UAE app lets you know if a cheque is likely to bounce
A new app launched in the UAE allows both businesses and individuals to instantly know if a cheque issued through a UAE-based bank is likely to bounce. ChequeScore predicts the likelihood of a cheque …
( read original story …)