… banking accounts in 6 months of its banking app launch Over the past 12 months, to help accelerate its strategy and attract FDI into the UAE, the EDB has signed MoUs with 26 partners. Image …
( read original story …)
Emirates Development Bank announces $520m contribution to the UAE’s GDP
Abu Dhabi-based Emirates Development Bank (EDB) contributed Dh1.91 billion ($520 million) to the UAE’s gross domestic product over the past twelve months, as it continued to play a key role in …
( read original story …)
UAE: Fam Holding plans to list shares on Abu Dhabi Securities Exchange Second Market
Property developer Fam Holding plans to list its shares on the Abu Dhabi Securities Exchange (ADX) Second Market. “We are pleased to proceed with the procedures for listing the company in the ADX …
( read original story …)
Mashreq repositions NEOPAY as UAE digital payments continue to soar
Dubai banking major completes transition of its existing payments business into wholly owned subsidiary Mashreq repositions NEOPAY as UAE digital payments continue to soar digital payments, Dubai …
( read original story …)
Etihad Credit Insurance support to UAE exporters surges 128% as non-oil trade rises
Support extended by Etihad Credit Insurance (ECI), the UAE’s federal export credit agency, to the non-oil trade sector exporters jumped 128 per cent last year to Dh11.4 billion ($3.1bn) amid a surge …
( read original story …)
Supreme Finance Launching First Auto-Staking and Compounding Cryptocurrency $SUP
Supreme Autostaking Protocol, or SAP, a new financial protocol that makes staking easier and provides $SUP holders with the highest stable returns in crypto, Supreme is poised to lead a revolution in …
( read original story …)
Mashreq Bank names new group technology head
Mashreq Bank, one of the leading financial institutions in the UAE, has appointed Alexander Raiff as its new group head of technology, transformation and information. A seasoned technology …
( read original story …)
Dewa announces increase in number of IPO shares offered to retail investors
This means the number of shares offered in the Dewa IPO has increased from 8.5 billion ordinary shares to 9 billion ordinary shares, which would result in a free float of 18 per cent of Dewa’s share …
( read original story …)
Dewa IPO in big retail tranche boost; deal size hits $513m
Dubai Electricity and Water Authority (Dewa) has announced that it has increased the number of shares offered in the First Tranche (Retail) of its initial public offering from 260 million to 760 …
( read original story …)
Dubai’s DEWA Boosts Retail Offer in One of Region’s Biggest IPOs
Dubai’s main power and water utility increased the retail tranche of its initial public offering, which is poised to be the largest listing in Europe and the Middle East since Saudi Aramco in 2019.
( read original story …)
African Development Bank Group President wraps up three-day visit to the UAE
President Dr Akinwumi A. Adesina wrapped up an official visit to the United Arab Emirates on Friday. The three- …
( read original story …)
Akinwumi Adesina: Why UAE may be considered for membership of AfDB
Akinwumi Adesina, president of the African Development Bank (AfDB), says the outstanding support from the UAE is enough to …
( read original story …)
Loss and liberty: Ridley v Dubai Islamic Bank PJSC
Chris Atkinson examines a case where a man’s liberty turned on litigation.
( read original story …)
PHI Group Successfully Concluded the Certified Finance Trade Mission to the United Arab Emirates
PHI Group, Inc. ( PHIL ), a diversified holding company currently engaged in PHILUX Global Funds, the Asia Diamond Exchange (“ADE”) …
( read original story …)
Dubai’s Gulf Navigation swings to profit in 2021 on lower costs
Dubai maritime and shipping company Gulf Navigation swung to a profit in 2021, driven by lower operating and finance costs as the UAE’s economy continues to recover from the coronavirus-induced …
( read original story …)
UAE’s ADGM and Finastra team up for ‘Hack to the Future 4’
ADGM’s hackathon is seeing participants explore innovative ideas around themes of ESG, embedded finance and decentralised finance …
( read original story …)
Mashreq Bank names new head of technology to drive transition to digital future
Alexander Raiff brings more than 30 years of technology professional experience to the role. Mashreq Bank names new head of technology to drive transition to digital future. banking, Digital banking, …
( read original story …)