The 10 largest listed banks include FAB, Emirates NBD, ADCB, DIB, Mashreq Bank, ADDIB, CBD, National Bank of Fujairah, National Bank of Ras Al Khaimah and SIB.
( read original story …)
Cars24 raises Dh75m loan from Dubai bank
The company, valued at $1.8 billion, is one of the most valuable privately held pre-owned car startups globally. by A Staff Reporter Tue 30 Nov …
( read original story …)
Emirates could be taxiing toward an IPO take-off – but will it fly with investors?
The hum of speculation about a privatisation of the carrier has intensified in recent weeks but markets will need convincing that it can trade profitably after being propped up by Dubai’s government …
( read original story …)
GCC banking sector net profits show increase; hit $9.4bn in Q3
a new record high for the GCC banking sector, as compared to $2.0 Trillion at the end of Q2-2021. Saudi Arabian banks reported the biggest absolute sequential growth in customer deposits followed by …
( read original story …)
Dubai government considering Emirates IPO – airline president
The Dubai government is considering an initial public offering of Emirates airline, the flagship carrier’s President Tim Clark said on Monday, as authorities work to boost activity on the local stock …
( read original story …)
Dubai government weighing IPO of Emirates airline, says president Tim Clark
The Dubai government is considering an initial public offering of Emirates airline, the flagship carrier’s President Tim Clark said on Monday, as authorities work to boost activity on the local stock …
( read original story …)
UAE banking sector profitability rebounds in Q3: A&M
While UAE banks have recorder a slowdown in balance sheet growth, there has been a sharp rise in earnings indicating that banks are prioritizing profitability over growth, said professional services …
( read original story …)
Emirates NBD hosts Austrian delegation at Future Banking branch at Expo 2020 Dubai
Emirates NBD Group, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region, and a Premier Partner and the Official Ba …
( read original story …)
Cashfree Payments investments in UAE payment gateway, Telr
Payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of $15 million in Telr …
( read original story …)
Cashfree Payments expands its MENA presence through investment in UAE-based Payment Gateway, Telr
Leading payments and API banking solutions company, Cashfree Payments (Cashfree) announced an equity investment of …
( read original story …)
UAE’s new legal reforms to usher in more FDI and support SMEs, experts say
The new legal reforms recently announced by the UAE government are expected to help the country attract more foreign direct investment and support the growth of small and medium enterprises to …
( read original story …)
Cashfree Payments invests $15 million in UAE-based payment gateway Telr
Cashfree aims to become the top payment service provider in the Middle East and North Africa region in the coming years. With Telr, Cashfree will develop a unified cross-border payments platform to …
( read original story …)
Cashfree invests in UAE-based Telr, explores global expansion
Payments and banking solutions provider, Cashfree Payments has invested close to $15 million in the UAE and Saudi Arabia-based payment service provider, Telr, as it looks to expand its product …
( read original story …)
UAE – ICD swings back into the black in first half of 2021
The majority of the group’s profit came from banking and financial services, oil and gas, and aluminium production while transportation reduced its …
( read original story …)
Starting a business? UAE serial entrepreneur warns of 5 costly mistakes when starting out
This UAE woman entrepreneur shares 5 lessons with those looking to invest in new ventures Dubai: With entrepreneurship comes financial anxiety related to sustaining and scaling up the business.
( read original story …)
Actress Lindsay Lohan announces engagement to Dubai resident Bader Shammas
Actress Lindsay Lohan has told her followers on Instagram that she’s engaged to Dubai resident Bader Shammas.Lohan announced her engagement to boyfriend …
( read original story …)
UAE – NAMA Panel at Expo 2020 Promotes Gender Responsive Budgeting to Achieve Gender Equality
Is Gender Budgeting the Solution to Inclusion’, outlined significant results achieved through GRB in different countries
…
( read original story …)