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Tag: banking

Posted on 07/06/2022

Explained: The many crimes of South Africa’s wealthy Gupta brothers arrested in the UAE

Former finance minister Pravin Gordhan was among those who were … After their arrest, a statement from Dubai Police said the two men were being held “in connection with money laundering and criminal …
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Posted on 07/06/2022

Banking on entrepreneurship

Dubai leads in transformation of education system and promoting entrepreneurship learning through future-ready syllabus and courses that will help ease pressure on …
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Posted on 07/06/2022

EFG Hermes completes advisory on $323 million private placement ahead of the IPO of Ali Alghanim and Sons Automotive Company on Boursa Kuwait

Driven by pent up demand, the private placement was oversubscribed about 11 times Ali Alghanim and Sons Automotive Company, an official distributor of coveted vehicle brands in Kuwait, Egypt, and Iraq …
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Posted on 07/06/2022

Dubai Police Arrest Brothers Wanted By South Africa For Money Laundering

The Dubai Police have arrested Atul and Rajesh Gupta, who are wanted in South Africa over money laundering and criminal charges. The police said the brothers are among South Africa’s“most wanted …
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Posted on 07/06/2022

UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank

It should also grow another 4.2 percent in 2023 as growth momentum continues, predicts the banking regulator UAE economy’s growth for this year upgraded to 5.4 percent by Central Bank CBUAE, Central …
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Posted on 07/06/2022

UAE arrests Gupta brothers accused of corruption and defrauding South Africa

UAE law enforcement have arrested the Gupta brothers, talks are now underway with South Africa on what happens next.
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Posted on 07/06/2022

AECB, Tradeling to offer businesses in UAE better credit facilities

As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, offering them an …
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Posted on 07/06/2022

UAE economy to expand 5.4% this year on Covid mitigation measures, Central Bank says

Reuters . The UAE economy is flourishing again and is set to expand by an annual 5.4 per cent this year, driven by the …
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Posted on 07/06/2022

Dubai Sells Stakes in Key Assets to Canada Fund to Cut Debt

Dubai is selling stakes in some of its most prized assets, including the port that helped transform the city into a global trade hub, to a Canadian fund as the emirate seeks to alleviate its debt …
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Posted on 06/06/2022

Indonesia lists $3.25b Sukuk on Nasdaq Dubai

5 billion as the first Dirham-denominated treasury bonds issued by the UAE Federal Government acting through the Ministry of Finance. The issuance is part of an ambitious strategy that includes a …
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Posted on 06/06/2022

Banking system well-capitalised, liquid: CBUAE

Through the annual report, the UAE Central Bank expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges caused by the COVID-19 pandemic …
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Posted on 06/06/2022

EFG Hermes wraps up advisory on $323m private placement ahead of Ali Alghanim and Sons’ IPO

This is a significant milestone for EFG Hermes, as it’s the firm’s first IPO on Boursa Kuwait where it has acted as a joint bookrunner for the offering.
( read original story …)


Posted on 06/06/2022

Dubai police arrest British businessman over $1.7bn Danish tax fraud case

Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Posted on 06/06/2022

CBUAE’s Annual Report for 2021 underlines the UAE’s continued economic recovery and increase financial sector resilience

Through the annual report, the CBUAE expressed its pride in its vital role in promoting the country efforts to contain the financial and economic challenges caused by the Covid-19 pandemic by applying …
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Posted on 06/06/2022

DP World and CDPQ Announce US$5 billion Investment in Strategic Assets in the UAE

DP World, a global infrastructure-led supply chain solutions provider, and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s …
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Posted on 06/06/2022

EFG Hermes concludes role as joint bookrunner on $2 billion IPO of Borouge Plc on the Abu Dhabi Securities Exchange

The transaction highlights the UAE’s efforts and commitment to engage global investors EFG Hermes, the leading investment bank franchise in Frontier Emerging Markets (FEM), announced today that its …
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Posted on 06/06/2022

France in talks with UAE to replace Russian oil, diesel as Ukraine war deepens

Meanwhile, Saudi Arabia indicates confidence in oil demand with a bigger-than-expected selling price increase across Asia …
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