H.E. Zaki Anwar Nusseibeh, Cultural Adviser to His Highness The President of the UAE and Chancellor of the United Arab Emirates University The UAE Cabinet has adopted a resolution to reconstitute the …
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Universal, small finance banks: 8 applicants for on-tap licences
On March 22, the RBI set up the SEAC — a five-member committee headed by former RBI Deputy Governor Shyamala Gopinath for evaluating applications for universal banks as well as small finance banks.
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Da Vinci Increases Investment in DataArt
Emerging markets private equity firm Da Vinci Capital has closed a follow-on investment in global software engineering company DataArt. Da Vinci Capital made its initial investment in DataArt in 2018.
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Eight applicants interested in universal, small finance banks
UAE Exchange and Financial Services Ltd, REPCO Bank, Chaitanya India Fin Credit and Pankaj Vaish and others have sought on-tap licences for universal banks …
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Four applicants each apply for ‘on tap’ licenses to start universal banks, small finance banks
The Reserve Bank of India (RBI) on Thursday said four applicants each have applied for “on tap” licenses to start Universal Banks and Small Finance Banks in the private sector. The applicants under …
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RBI received 8 applications to set up universal, small finance banks
The Reserve Bank has received eight applications for acquiring ‘on tap’ licenses to set up universal banks and small finance banks. The RBI received four applications each to set up universal banks …
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Dubai logistics firm Tristar’s IPO withdrawal could force rethink by others
Government-owned enterprises could come in and fill breach with own IPO plans Dubai: Dubai businesses planning an IPO will have a rethink after Tristar, the logistics company, decided to pull out from …
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Dubai Islamic Bank Successfully Closes Lowest-ever Pricing On An At1 Issuance From The GCC
Dubai Islamic Bank PJSC (“DIB”), rated A3 by Moody’s and A by Fitch today successfully priced a landmark USD 500 million Perpetual Non-Call 5.5yrs Addit …
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Sponsors Airsoft Will Showcase CHRONO Trade at iFX EXPO Dubai
This exclusive AIRSOFT feature is part of the company’s commitment to offer unique and competitive tools for brokers.
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Dubai logistics firm Tristar drops IPO plans in setback for local bourse
Logistics firm Tristar has dropped plans for an initial public offering (IPO) in Dubai, with sources saying the deal did not attract enough investor demand. The move, which confirms what the …
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Dubai Islamic Bank closes lowest-ever pricing on an AT1 issuance from the GCC
Sukuk was 5.6 times oversubscribed with an orderbook that peaked at $2.8 billion Dubai Islamic Bank PJSC (DIB) has priced a $500 million Perpetual Non-Call 5.5-year Additional Tier 1 Sukuk with a …
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Ethiopian gang jailed for Dh4 million robbery in Dubai
Gang robbed cash at knife-point from two employees of firm after they returned from bank Dubai: An Ethiopian gang in Dubai has been sentenced to five years in jail for robbing Dh4 million at knife …
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UAE- Sharjah Finance Department links ‘Tahseel’ system with global payment wallets
Waleed Al Sayegh, Director-General of Sharjah Finance Department … whilst falling in line with precautionary measures taken by the UAE to tackle the coronavirus.” Huda Al Yasi, Director of …
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UAE-Based Sheesha Finance DeFi Mutual Fund Raises $9.4M
A Middle East-based decentralized finance (DeFi) mutual fund has raised almost $10 million in just two weeks, highlighting huge demand for these investment vehicles. On April 13, the United Arab …
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Dubai-based BPG sees revenue from top clients grow 31% in Q1 2021
Image Credit: Supplied Dubai: Omnichannel marketing communications … Vaibhav Paranjpe has been named Senior Vice President and Head of Finance and Administration. Paranjpe has two decades …
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Dubai Financial Services Authority and the Bank of Italy signs agreement to cooperate
MoU focuses on cooperation and information exchange in supervision and resolution Dubai: The Dubai Financial Services Authority and the Bank of Italy signed a Memorandum of Understanding (MoU) to …
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UAE digital bank receives central bank licence as more prepare to launch
Al Maryah Community Bank says it will become the first digital bank to serve UAE customers after receiving approval from the central bank Al Maryah Community Bank on Tuesday said it will become the …
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