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Tag: banking

Posted on 16/09/2020

UAE approves Chinese coronavirus vaccine for emergency use

Clinical Professor of Epidemiology at NYU School of Global Public Health Dr. Robyn Gershon joins Yahoo Finance’s Akiko Fujita to discuss the latest coronavirus vaccine race as the UAE approves a …
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Posted on 15/09/2020

Malaysia’s Iskandar Waterfront targets $1.2bln IPO in first half of 2021

Malaysian developer Iskandar Waterfront Holdings (IWH) is planning to list in the first half of 2021 to raise at least 5 billion ringgit ($1.2 billion) after getting the go-ahead to start work on a …
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Posted on 15/09/2020

Saudi Arabia’s STC asks banks to pitch for subsidiary IPO -sources

DUBAI- Saudi Telecom Co (STC) has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters. STC, …
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Posted on 15/09/2020

Israeli, UAE banks announce deal

Bank Hapoalim CEO Dov Kotler says that the agreement will allow Israelis to do business in the United Arab Emirates and other countries.
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Posted on 15/09/2020

UAE official says U.S. mediation an assurance suspension of annexations will hold

The United Arab Emirates’ foreign minister said on Tuesday that the presence of the United States as a mediator of the country’s deal to normalise relations with Israel assures him that the suspension …
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Posted on 15/09/2020

Innovative Israeli Medical Devices in the UAE: The Cardiacsense Medical Watch for Identifying Arrythmia Will be Sold in the UAE

The public company Merchavia Holdings and Investments (TASE: MRHL) reports that Cardiacsense Ltd., in which the company has a holding of 5.67% of the share capital (at full dilution), has signed an …
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Posted on 15/09/2020

EXCLUSIVE-Saudi Arabia’s STC asks banks to pitch for subsidiary IPO -sources

Saudi Telecom Co (STC) has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters.
( read original story …)


Posted on 15/09/2020

UAE Disregards OPEC+ Output Target With Further Boost, IEA Says

The United Arab Emirates almost entirely disregarded its commitment to OPEC+ production quotas last month, when it opened the taps even further, according to the International Energy Agency.
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Posted on 15/09/2020

Dubai Electricity & Water Authority — Moody’s announces completion of a periodic review of ratings of Dubai Electricity & Water Authority

Disclaimer | Commerce Policy | Made In NYC | Stock quotes by finanzen.net READ NOW: Billionaire investor Michael Hintze’s hedge fund still down 43% this year after mild August gain, report says …
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Posted on 15/09/2020

Largest banks in Israel, UAE sign cooperation agreement

Bank Hapoalim CEO says that deal with National Bank of Dubai will allow Israeli clients direct transactions in the Emirates and other countries …
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Posted on 14/09/2020

UAE’s ADIB and MoF launch new e-Dirham cards for 5,000 services

Abu Dhabi Islamic Bank (ADIB), in partnership with the Ministry of Finance (MoF), is launching a new range of … e-Dirham cards will mark a major milestone in the development of the UAE’s cashless …
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Posted on 14/09/2020

UAE discusses ways to alleviate debt burden of countries in need

The Ministry of Finance (MoF) has participated in the G20’s virtual Fifth International Financial Architecture meeting, to discuss the latest international efforts to mitigate the repercussions of the …
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Posted on 14/09/2020

Russia’s Sberbank to target Middle East investors with UAE subsidiary

The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East …
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Posted on 14/09/2020

Dubai’s Emirates NDB signs MoU with Israel’s Bank Hapoalim – Hapoalim statement

Emirates NDB, Dubai’s largest bank, signed a memorandum of understanding (MoU) with Israel’s Bank Hapoalim, the country’s largest lender, a statement from Hapoalim said on Monday.
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Posted on 14/09/2020

UAE’s Emirates NBD signs MoU with Israel’s Bank Hapoalim

The MoU was formalised by Emirates NBD’s Vice Chairman and Managing Director Hesham Abdulla Al Qassim and Group CEO Shayne Nelson, and Bank Hapoalim’s CEO, Dov Kotler in the p …
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Posted on 14/09/2020

Japan’s Nomura cuts investment banking jobs in Dubai

Tokyo-based brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other offices …
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Posted on 14/09/2020

Nomura Cuts Dubai Investment Bank Jobs in Mideast Coverage Shift

Nomura Holdings Inc. eliminated about a half dozen investment banking jobs in Dubai, as Japan’s biggest brokerage shrinks its Middle East footprint and moves coverage of the region to staff in other …
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