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Tag: banking

Posted on 12/11/2021

Is the new UAE residency visa for retirees a game changer for the region?

Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
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Posted on 12/11/2021

British grandfather jailed in Dubai says he has witnessed suicides and rape by inmates

Albert Douglas, 60, described being detained in Dubai Central Prison over his son’s business debts, being tortured and witnessing the horrific treatment of other prisoners.
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Posted on 12/11/2021

Newly-opened UK-based institution to offer scholarships to UAE residents

GBS Dubai is offering special scholarships to Emirati and expatriate youth for fulfilling their aspirations. The inauguration ceremony was addressed by Stanley Johnson, who is the Chair of the Global …
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Posted on 12/11/2021

Advisers appointed for DEWA IPO

State utility Dubai Electricity & Water Authority (DEWA) has appointed US investment bank Moelis and local bank Emirates NBD to advise on DEWA’s planned initial public offering (IPO), according to …
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Posted on 12/11/2021

UAE Mashreq Bank’s 9-month net profit falls 25% to $72.14mln

Staff Writer UAE lender Mashreq Bank saw its net profit drop by a quarter in the first nine months of the year despite a robust growth in operating income. Total net profit for the period ending …
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Posted on 11/11/2021

UAE B2B e-commerce site Dubuy targets Africa for growth

Dubuy, an e-commerce platform by UAE global logistics provider DP World, has entered Kenya with plans to launch the business-to-business (B2B) site in more countries across the continent in the coming …
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Posted on 11/11/2021

Singapore and Abu Dhabi Complete Cross Border Digital Trade Finance Pilot

Singapore and Abu Dhabi (UAE), have completed a pilot of a “world’s first … electronic transferable records in international trade. Today, much global trade finance is analog or paper-based. This …
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Posted on 11/11/2021

ADFD provides Dhs73m to finance water supply system in Lesotho

Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development, signed an agreement with the Government of Lesotho to provide Dhs73 million …
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Posted on 11/11/2021

Fitch Affirms First Abu Dhabi Bank at ‘AA-‘; Outlook Stable

Fitch Ratings has affirmed UAE-based First Abu Dhabi Bank P.J.S.C.’s (FAB) Long-Term Issuer Default Rating (IDR) …
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Posted on 11/11/2021

Dubai’s Shuaa Capital to ‘broaden’ investment banking footprint: CEO

Dubai asset management firm Shuaa Capital looks forward to “broadening” its investment banking business as it posted a 40 percent year-on-year increase in net profit for the first nine months of the …
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Posted on 11/11/2021

Shenzhen Bowen Media Infotech Co.,Ltd.: JIN SHA Kong Gu Group to Invest $2 Billion in the UAE Finance, E-Commerce, and Real Estate Industries

Photo 1 According to the external disclosure of JIN SHA Kong Gu Group, the group plans to radiate the Middle East and North Africa, with Dubai as its core from 2021, integrate advantageous resources, …
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Posted on 11/11/2021

JIN SHA Kong Gu Group Took $2 Billion Strategic Investment Initiative for Developing UAE Fintech Industry

JIN SHA Kong Gu Group Took $2 Billion Strategic Investment Initiative for Developing UAE Fintech Industry Dubai, United Arab Emirates–(Newsfile …
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Posted on 11/11/2021

Dubai’s Mashreqbank hit with $100m fine in US over Sudan sanctions

WASHINGTON — New York financial regulators on Tuesday hit Dubai’s Mashreqbank with a $100 million fine due to transactions with Sudan that violated US sanctions, officials said.The fine was one of …
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Posted on 10/11/2021

Jersey and United Arab Emirates sign business deal

Jersey and the United Arab Emirates (UAE) have struck a new business deal, Jersey’s government has said. It has taken officials since 2018 to reach an agreement over the bilateral …
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Posted on 10/11/2021

Sheikh Maktoum meets Dubai-based businessmen to enhance public, private partnership

Sheikh Maktoum took Twitter to make the announcement. التقيت بمجموعة من رجال الأعمال وناقشنا سبل تعزيز الشراكة بين القطاعين الحكومي والخاص. لقاءاتنا مع رجال الأعمال مستمرة وفق نهج وتوجيه الشيخ محمد بن …
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Posted on 10/11/2021

Fitch Affirms Abu Dhabi Commercial Bank at ‘A+’; Outlook Stable

Fitch Ratings has affirmed Abu Dhabi Commercial Bank PJSC’s (ADCB) Long-Term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook and Viability Rating (VR) at ‘bb+’. ADCB’s IDRs reflect an …
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Posted on 10/11/2021

UAE companies step up ESG compliance, look towards sustainable future

The efforts are in line with the nation’s vision to drive the sustainability agenda through strategic development policies …
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