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Tag: banking

Posted on 23/10/2020

Israel, UAE sign mutual visa exemption deal

United Arab Emirates (UAE) and Israel have signed four agreements during the first high-level visit from the Gulf state to Tel Aviv since the two countries establish official ties last month. Emirati …
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Posted on 22/10/2020

Abraham Fund puts ‘well-being of people first, regardless of creed’

The UAE and Bahrain are only the third and fourth Arab states to make peace with Israel, following Egypt in 1979 and Jordan in 1994.
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Posted on 22/10/2020

UPDATE 1-Dubai wealth fund expected to sell $500 mln in long 5-yr bonds

DUBAI, Oct 21 (Reuters) – Investment Corporation of Dubai (ICD), the Dubai government’s main investment arm, is expected to sell $500 million in long five-year bonds at 275 basis points over mid-swaps …
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Posted on 21/10/2020

CureLab Oncology Establishes Operations in the Gulf Region

IPO biotech company, has commenced operations in the GCC region (Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman). CureLab’s partners in the region will test the efficacy of the company’s …
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Posted on 21/10/2020

Yalla Group Limited Announces Partial Exercise of Over-Allotment Option in Initial Public Offering

PRNewswire/ — Yalla Group Limited (“Yalla” or the “Company”) (NYSE: YALA), the leading voice-centric social networking and entertainment platform in …
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Posted on 21/10/2020

Israel, UAE agree on visa-free travel for nationals: Netanyahu

The visa exemption was announced by Israeli Prime Minister Benjamin Netanyahu after the first-ever official UAE delegation landed in Israel on Tuesday.
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Posted on 20/10/2020

Stage set for Abu Dhabi’s brand new Dh2 billion digital bank from ADQ

and preferential access to another 10 per cent of the shares in the event of an initial public offering (IPO). In Dubai, legacy banks have launched digital-only brands, and take-up rates have been …
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Posted on 20/10/2020

Israel, UAE sign four agreements including visa-exemption deal

UAE and Israel sign four agreements on visa exemption, aviation, economic cooperation and protection of investments.
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Posted on 20/10/2020

Israel, UAE, US launch joint regional investment fund

Israel, the United Arab Emirates (UAE) and US announced on Tuesday the establishment of a development fund during the first-ever visit of an Emirati delegation to Tel Aviv. The Abraham Fund, derived …
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Posted on 20/10/2020

UAE, US, Israel announce establishment of Abraham Fund

Through this fund, the UAE, the US International Development Finance Corporation, and Israel will mobilise more than $3 billion in investment. The United Arab Emirates, the United States of America, …
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Posted on 20/10/2020

8 types of fraud to watch out for in the UAE

Earlier this year, the UAE Banks Federation (UBF), Central Bank of the UAE (CBUAE), and Abu Dhabi and Dubai Police joined forces to launch the country’s first large-scale national fraud …
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Posted on 20/10/2020

New UAE wealth management law a welcome game changer

I began with a small rented office overlooking Dubai Creek that permanently reeked of fish … although I have toyed with the idea of launching an IPO on several occasions, I have never gone through …
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Posted on 19/10/2020

ADIB launches virtual banking sales platform in the UAE

Abu Dhabi Islamic Bank (ADIB) announced the launch of its remote sales platform which will enable customers to converse with the bank.
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Posted on 19/10/2020

Commercial Bank of Dubai, NOW Money ink partnership

UAE – Commercial Bank of Dubai (CBD) has signed a partnership agreement with NOW Money, the digital account service, to provide accounts and cards targeted specifically at low-income customers. Dr …
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Posted on 19/10/2020

UPDATE 1-Investment Corporation of Dubai hires banks for dollar bonds

ICD, which as of the end of last year had total assets worth around $305 billion, owns stakes in Emirates airline and Dubai’s biggest bank, Emirates NBD. The planned fixed rate, long five-year senior …
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Posted on 18/10/2020

Abu Dhabi Islamic Bank launches UAE’s first virtual banking sales platform

Abu Dhabi Islamic Bank (ADIB) has launched a remote sales platform allowing customers to converse with the bank and apply for personal finance, covered cards, takaful, and other banking products …
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Posted on 18/10/2020

Commercial Bank of Dubai to partner with NOW Money to provide financial inclusion across The UAE

Money will open accounts for existing CBD low-income customers (previously known as Rateb customers) with immediate effect, allowing these customers to benefit from a frictionless digital experience a …
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