With more than $400 million of EAP debt in the hands of United Arab Emirates investors … If they don’t try to save EAP, their reputation for sophisticated financial management would take a battering,” one source said.
( read original story …)
United Arab Emirates shares higher at close of trade; DFM General up 0.53%
Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Finance & Investment, Transport and Real Estate & Construction sectors propelled shares higher. At the close in Dubai, the DFM General gained 0.53% …
( read original story …)
Make-Up Sector in UAE Likely to Register Significant Growth at a CAGR of 10.4% over the Forecast Period
The report highlights the key players operating in the make-up sector in United Arab Emirates. The research report profiles the key companies on the basis of several attributes such as overview of the companies, financial overview, and current development …
( read original story …)
Aliaa AlMheiri wins EY UAE Corporate Finance Woman of the Year Award
UAE. Aliaa AlMheiri, an Emirati female student from New York University Abu Dhabi (NYUAD), was announced as the EY UAE Corporate Finance Woman of the Year (CFWY) at an award ceremony held at the St. Regis Hotel in Abu Dhabi. Aliaa won from among a group of …
( read original story …)
EM, catastrophic bonds, hedge funds seen as options to invest
Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
( read original story …)
UAE’s Al Jaber Group said to be close to $1.6bn debt restructuring
Although the conglomerate, which was founded by the Al-Jaber family in 1970, has struggled since a downturn in construction hit the UAE after the global financial crisis, its outlook for 2018 onwards is positive, the company source told Reuters.
( read original story …)
Dubai Islamic Bank launches $1bn sukuk
Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank’s $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first …
( read original story …)
In Aramco IPO, China talks crucial for choice of listing venue
London, Dubai: Saudi Arabia wants to complete talks with strategic … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
( read original story …)
In Aramco IPO, China talks crucial for choice of listing venue – sources
LONDON/DUBAI (Reuters) – Saudi Arabia wants to complete talks with … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
( read original story …)
UAE lenders upbeat about growth prospects in 2018
First Abu Dhabi Bank PJSC expects its loan book to grow by a mid-single digit percent this year compared with a 1 percent decline in 2017. Dubai’s biggest lender Emirates NBD PJSC also sees a mid-single digit percentage growth compared with a 5 percent …
( read original story …)
ASGC still considering IPO says CEO
The contractor had started preparations for an IPO in late 2015, having hired three banks as advisors to arrange for its listing on the Dubai Financial Market, a Reuters report said at the time, quoting sources familiar with the matter. However …
( read original story …)
UAE Central Bank to regulate finance leasing contracts
The UAE’s Federal National Council (FNC) has approved a draft bill to regulate finance leasing through the Central Bank, in a bid to improve the credibility of contracts offering terms that allow access to funds for large capital expenditure without …
( read original story …)
UAE’s Federal National Council approves draft finance leasing law
The UAE’s Federal National Council On Tuesday approved a draft law regulating finance leasing. The new law makes it illegal for finance leasing to be practiced in the country without a licence from the central bank. Any previous contracts signed without …
( read original story …)
UAE MoF: data protection more important than ever
This will contribute to establishing a sound economic environment that gains the trust of investors and financial institutions, and leads the UAE to become the preferred place to do business,” said Al Khoori. In 1980, the Organisation for Economic …
( read original story …)
Commercial Bank of Dubai appoints Emirati as a head of sales and distribution
Commercial Bank of Dubai, one of the leading financial institutions in UAE, announced the appointment of Khaled Rasheed Al Hammadi as its new Head of Sales and Distribution. The appointment is in line with the Bank’s Emiratization strategy. Al Hamadi …
( read original story …)
New exec hired to control spending at Dubai’s Careem
Dubai-based ride-hailing app Careem on Monday announced the appointment of a new senior executive to oversee the company’s long-term strategic and financial planning. Ashish Jain has been hired as VP of Strategic Finance and will bring significant …
( read original story …)
United Arab Emirates shares mixed at close of trade; DFM General down 0.44%
Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Insurance, Real Estate & Construction and Services sectors propelled shares higher while losses in the Finance & Investment, Banking and Telecoms sectors …
( read original story …)