LUXEMBOURG, 16th June, 2019 (WAM) — Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, recently held a meeting with his counterpart Pierre Gramegna, Luxembourg’s Minister of Finance. …
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Saudi Arabia’s crown prince says Aramco IPO on track
Saudi Arabia will be selling shares in Aramco, the world’s largest oil producer, through an IPO, but only at the right time, Crown Prince Mohammad bin Salman has said. “We are committed to the IPO of …
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Obaid Humaid Al Tayer meets Luxembourg’s Minister of Finance
The Duchy of Luxembourg confirms participation in Expo 2020 Agreement reached on enhancing cooperation in Islamic Banking and (FinTech) Invitation extended to the UAE to visit the Luxembourg House of …
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Dubai Financial Market : business confidence at a 52-week high
Dubai: Businesses operating in Dubai’s wholesale and retail sector recorded the sharpest improvement in confidence, helped by new orders, as did the travel and tourism sector. This helped overall …
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Al Tayer meets Cyprus Minister of Finance
The meeting was held during a visit by a UAE Ministry of Finance, MoF, delegation to Luxembourg. During the meeting, the two parties discussed means of enhancing cooperation and strategic …
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UAE- DIFC’s new employment law to address key issues
(MENAFN – Khaleej Times) A new Employment Law for the Dubai International Financial Centre (DIFC) has been approved which would address key issues such as paternity leave, sick pay and end-of …
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UAE- Finance professionals in the Middle East must be aware of cyber security risks, as this continues to increase in the region
Not a day goes by without a breaking news story about data breaches or personal data theft from large organisations. Cyber-crime is one of the biggest risks to businesses to date and globally its …
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UAE enhances cooperation with Cyprus and Belgium
The Kingdom of Belgium also commends the cooperation and partnership with the UAE. Obaid Humaid Al Tayer also met with Alexander De Croo, Minister of Finance of the Kingdom of Belgium. As part of the …
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UAE- Al Tayer meets Cyprus Minister of Finance
(MENAFN – Emirates News Agency (WAM)) LUXEMBOURG, 15th June, 2019 (WAM) — Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, met with his counterpart Harris Georgiades, Minister …
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UAE to strengthen ties with Italy
Following the UAE Ministry of Finance’s efforts to strengthen cooperation with EU member states, Obaid Humaid Al Tayer, Minister of State for Financial Affairs met with Giovanni Tria, Minister of …
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Dubai resident fights Denmark over £1.5 bn tax fraud allegations
This month three former employees from Mr Shah’s UK hedge fund Solo Capital filed denials of wrongdoing with the High Court. Anupe Dhorajiwala, chief operating officer of Solo Capital’s Dubai unit; …
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Amazon’s E-commerce Presence Expands With Prime Launch in UAE
In order to strengthen presence in the Arabian Peninsula, Amazon AMZN has rolled out Prime services in the United Arab Emirates (UAE). The company expanded e-commerce operations in the UAE just a …
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Mashreq Bank and Newgen Software Bag the Best Process Automation Initiative Awards, 2019
DUBAI, UAE, June 13, 2019 /PRNewswire/ — Mashreq Bank, one of the leading financial institutions in the UAE, and Newgen Software were awarded the Best Process Automation Initiative in the Middle …
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UAE- DIB set to acquire Noor bank
(MENAFN – Khaleej Times) Dubai Islamic Bank outlined its plans on Monday to acquire Noor Bank, another Shariah-compliant financial institution based in Dubai, to emerge as the region’s most …
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Network International joins FTSE 250 Index after London IPO
UAE Exchange and Xpress Money. The company’s London IPO valued the company at $1.6bn and attracted institutional investors including BlackRock, Columbia Threadneedle Investments and Norges Bank. There …
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Egypt to launch second phase of state IPOs in September
Cairo – Mubasher: Egypt’s government will commence the second phase of the state’s initial public offering (IPO) programme in September as planned, the public enterprise minister told Enterprise. The …
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Mena records one IPO valued at $58.3mln in Q1: EY
“Economic reforms and market development initiatives are high on the agenda of regional governments, particularly in Saudi, Egypt and the UAE, which will pave the way for a buoyant Mena IPO market in …
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