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Tag: banking

Posted on 03/03/2022

UAE Approves 5,000 jobs for UAE Nationals in Banking, Insurance Sector

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), chaired the meeting of …
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Posted on 03/03/2022

UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York

Special Purpose Acquisition Company will focus on identifying tech-enabled financial services businesses in the MENAT region UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York …
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Posted on 03/03/2022

Russia-Ukraine conflict: Oil is closing in on $120/barrel and that will please UAE, Gulf investors

In Asia, investors seem reassured by Fed chief Powell’s take on rate hike Dubai: Oil prices are inching closer to $120 a barrel as markets fixate on whether there will be enough supply coming to feed …
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Posted on 03/03/2022

UAE set to create 5,000 jobs for Emiratis in banking by 2026

The Central Bank of the UAE (CBUAE) has approved the Emiratisation of managerial positions in the banking and insurance sectors, with plans to create 5,000 new jobs by the end of 2026, in coordination …
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Posted on 03/03/2022

UAE: 5,000 jobs in banking, insurance to be created by 2026

The board of the Central Bank of the UAE approved the Emiratisation of managerial positions in the banking and insurance sectors, by approving the creation of 5,000 new jobs by the end of 2026. This …
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Posted on 03/03/2022

Central Bank approves creation of 5,000 jobs for UAE nationals in banking, insurance sectors by 2026

The board approved the Emiratisation of managerial positions in the banking and insurance sectors in coordination with the Emirates Institute for Banking and …
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Posted on 03/03/2022

Here’s how UAE banks can protect real-time payments from fraud

Jeremy Wilmot, chief product officer at ACI Worldwide tells Gulf Business how the company is preparing to help UAE banks connect to the nation’s central real-time payments infrastructure …
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Posted on 03/03/2022

Dubai’s Shuaa Capital looks to raise $100m from Nasdaq IPO of SPAC

The SPAC will focus on identifying and merging with a technology or tech-enabled financial services business MENAT region.
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Posted on 03/03/2022

Dubai: New end-of-service savings scheme for expats announced

It will be headed by the General Secretariat of the Executive Council, and members include the Department of Finance, Dubai Government Human Resources Department, Government of Dubai Legal Affairs …
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Posted on 02/03/2022

UAE: What are the risks of purchasing an off-plan property?

Another reward of buying a property off-plan is that you might get the opportunity to influence the inside of the house, by choosing your own fixtures, fittings and finishes. If y …
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Posted on 02/03/2022

5,000 jobs to UAE nationals to be created in banking, insurance sectors by 2026

The board also approved an amendment to notifications regarding maximum fee limits Abu Dhabi: As many as 5,000 new managerial jobs for Emiratis will be created in the banking and insurance sectors by …
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Posted on 02/03/2022

5,000 new jobs for Emiratis in banking and insurance by 2026

The Central Bank has approved the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.The jobs, approved by Sheikh Mansour bin Zayed, Deputy …
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Posted on 02/03/2022

Dubai Islamic Bank shareholders approve $490m in dividend payments for 2021

The shareholders of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, approved Dh1.8 billion ($490 million) in dividend payments for 2021 following the bank’s strong performance …
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Posted on 02/03/2022

Dubai’s SHUAA partners Acquisition Corp I prices downsized $100M IPO

The company has downsized IPO by $100M, originally it intended to raise $200M by issuing 20M units. The units are expected to be listed on the NASDAQ today. Each unit consists of one Class A …
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Posted on 02/03/2022

UAE – Yahsat revenue reaches AED452.7 million in 2021

It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up …
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Posted on 02/03/2022

UAE’s Mashreqbank halts Russian bank loans over credit concerns -sources

Dubai’s Mashreqbank has stopped lending to Russian banks and is reviewing its existing exposure to the country as a result of heightened risks following Moscow’s invasion of Ukraine, two sources …
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Posted on 02/03/2022

UAE: Man ordered to pay Dh3.3 million after defrauding illiterate woman

A real estate agent, who took advantage of an illiterate woman to sell her villa and take all the cash has been instructed to pay the woman Dh3.3 million. The Abu Dhabi Court for Family and Civil …
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