Dubai: Amlak Finance reported a net profit of Dh1.06 billion for the year 2021 as compared to net loss of Dh438 million for the year 2020. Amlak’s income for the year 2021 increased by 215 per cent to …
( read original story …)
UAE Central Bank adviser appointed as anti-money laundering expert at GCC secretariat
Waleed Alhosani, the current adviser to the governor of the UAE Central Bank, has been appointed as an anti-money laundering and counter-terrorism funding expert at the secretariat general of the GCC.
( read original story …)
Concern over cyberattacks growing across UAE
Companies in the UAE showed greater concern about various email security challenges compared to most other countries …
( read original story …)
Russians Reportedly Looking to the UAE to Unload Billions in Crypto Assets
Worried about Western nations seizing their assets, Russians are eyeing the UAE as a safe-haven, according to Reuters.
( read original story …)
Russians liquidating crypto in the UAE as they seek safe havens
One crypto firm has received lots of queries in the past 10 days from Swiss brokers asking to liquidate billions of dollars of bitcoin because their clients are afraid Switzerland will freeze their …
( read original story …)
Saudi Arabia’s next big IPO – Nahdi Medical Company – opens for retail subscription Mar 13
Nahdi Medical operates the biggest pharmacy chain in the Kingdom Dubai: Saudi and Gulf investors can subscribe to Saudi Arabia’s next big IPO from March 13, from the Kingdom’s biggest pharmacy chain …
( read original story …)
Masdar City, Mashreq Bank ink deal to provide financial services to UAE’s startup and SME ecosystem
Masdar City offers quick and easy access to a range of vital business services and benefits, including registration, government relations, visa processing, 100 percent foreign ownership; 0 percent …
( read original story …)
UAE – Maktoum bin Mohammed meets with Chairman of Lazard
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minis …
( read original story …)
A wide number of UAE residents are at risk of under-insurance
Middle East’s leading finance site, has recently launched their exclusive 24/7 Personal Accident extension, which is an extra-value …
( read original story …)
UAE – Maktoum bin Mohammed meets with CEO of HSBC Holdings PLC
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minist …
( read original story …)
UAE – ADIB enhances its digital banking ecosystem
More than 75% of customers are digitally active on ADIB’s online banking platforms by A Staff Reporter Published: Thu 10 Mar 2022, 5:20 PM
( read original story …)
iFX EXPO Dubai 2022: Quant Insight CEO addresses the 65-85% FX losers
Finance Feeds was at iFX EXPO Dubai 2022, one of the most popular finance and fintech B2B conferences in the world.
( read original story …)
Oil price falls after UAE backs to push OPEC to increase outputs
The dramatic U-turn by the United Arab Emirates set off the biggest drop in brent crude since April 2020, with the benchmark falling 13% during the session.
( read original story …)
Wealthy Russians flock to Dubai as west tightens sanctions
We’ll send you a myFT Daily Digest email rounding up the latest Dubai news every morning. Russians have flocked to set up businesses and buy property in the United Arab Emirates in an effort to secure …
( read original story …)
Majority of Middle East customers prefer digital banking, survey finds
Most Middle East residents prefer online banking, a trend accelerated because of the digital transformation of banking and payment industries in the past few years, new research shows. Nearly 77 per …
( read original story …)
UAE Says OPEC+ Should Boost Output, Setting Up Tension in Group
The United Arab Emirates said it will call on its fellow OPEC+ members to boost oil output faster, a dramatic U-turn that could set the country against fellow members of the alliance led by Saudi …
( read original story …)
UAE puts focus on climate finance at UN’s top table
Dr Sultan Al Jaber, the UAE’s Special Envoy for Climate Change and Minister of Industry and Advanced Technology, on Wednesday said that billions of people were “highly vulnerable” to climate change …
( read original story …)