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Tag: banking

Posted on 21/02/2022

UAE: How do I protect my spending power from inflation?

With inflation chipping away at your spending power, how can you protect yourself? Here are four steps financial planners recommend that’s practical for everyone. • Trim discretionary spending, …
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Posted on 21/02/2022

Saudi’s largest pharmacy chain Nahdi Medical to ‘accelerate’ UAE expansion

which has announced plans to launch an initial public offering (IPO), is also looking to expand its footprint in the UAE. The company, which is 50 percent owned by SEDCO Holding, one of the kingdom’s …
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Posted on 21/02/2022

Pakistan: UAE’s Dhabi Group to build Lahore’s tallest building

Lahore will get its tallest building at the bank of River Ravi as the Dhabi Group of the UAE signed an agreement with Punjab Government to invest Rs60 billion in the Pakistani province, according to …
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Posted on 20/02/2022

Saudi Arabia’s largest pharmacy chain to sell 30% stake in Tadawul IPO

The IPO share price will be determined at the end of a book-building … In 2019, Nahdi expanded its geographical footprint with one pharmacy in Dubai. The company plans to open more outlets in the …
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Posted on 20/02/2022

Dubai Police, UN agency launch diploma in combating money laundering and terrorism finance

The Dubai Police General Command and the Gulf Cooperation Council (GCC) Office of the United Nations Office on Drugs and Crime (UNODC) have recently signed a partnership agreement to develop an …
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Posted on 20/02/2022

Will Indian rupee hit 21.25 against UAE dirham this year?

The rise in US interest rates will be a positive for UAE dirham since it is pegged to the dollar … upcoming elections in India Ukraine crisis will dictate the rupee. US investment bank Morgan …
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Posted on 20/02/2022

Rising momentum of the region’s banking sector

UAE and Qatari banks showed high single digit bottom-line growth … Meanwhile, the future of the regional banking space looking promising as well. An S&P Global Ratings report revealed that GCC banks …
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Posted on 20/02/2022

Emirates NBD Pledges Support To Dubai Can Sustainability Initiative

Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, has pledged its support to Dubai Can Emirates NBD, a leading banking group in the MENAT (Middle East, …
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Posted on 20/02/2022

UAE, GCC embrace digitisation faster in Middle East

UAE – Most important locations worldwide Giesecke+Devrient … central banks currently engaged in studies or pilot schemes for the development of central bank digital currencies (CBDCs). “Actually, …
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Posted on 20/02/2022

UAE – Reserve Bank of India has liberalised rules on interest rate derivatives

Uncertainties arising from global factors like the interest rate hike by the U.S. Federal Reserve Bank have been factored in by investors who prefer SIPs as an avenue for long term investments.
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Posted on 18/02/2022

Taking FX to the future

The upcoming iFX Expo 2022 in Dubai is the ideal platform to see the … FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity …
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Posted on 18/02/2022

UAE Food Bank signs several partnership deals at Gulfood

The UAE Food Bank announced that it has signed several strategic partnership agreements with a number of companies participating in the 27th edition of Gulfood, …
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Posted on 18/02/2022

UAE takes part in G20 Finance Ministers and Central Bank Governors meeting

JAKARTA, 18th February, 2022 (WAM) — Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, has represented the UAE in the first G20 Finance Ministers And Central Bank Governors (FMCBG) …
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Posted on 18/02/2022

UAE participates in first meeting for G20 ministers of finance

Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, represented the UAE in the first G20 finance ministers and central bank governors (FMCBG) meeting in 2022, which was held in …
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Posted on 18/02/2022

UAE Lets Cooperatives List Shares Locally in Boost to IPO Rally

The United Arab Emirates has allowed cooperative societies in the country to list shares locally, as part of plans to deepen its capital markets. The UAE, whose seven sheikhdoms include Abu Dhabi and …
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Posted on 18/02/2022

Softbank-backed FirstCry takes baby steps towards over $1-billion IPO, appoints Kotak & Morgan Stanley

The proposed IPO will be a combination of primary and secondary issue … 6000 brands and more than 400 stores across India, with a presence in the UAE as well. In 2016, the firm acquired babycare …
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Posted on 18/02/2022

UAE economic recovery gains momentum on swift action and policies, IMF says

The UAE introduced economic stimulus worth Dh388 billion ($105.65bn) to offset the impact of the pandemic. The stimulus included the Central Bank of the UAE’s Dh50bn Targeted Economic Support Scheme …
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