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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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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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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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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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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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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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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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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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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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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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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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.
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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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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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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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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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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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