UAE. The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows. Mohammed Al Hashemi …
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Finance House to be receiving bank for Adnoc unit IPO
Finance House has announced its participation as a ‘Receiving Bank’ in the Initial Public Offering (IPO) of Adnoc Distribution. Adnoc Distribution, the UAE’s leading operator of retail fuel service stations and the sole retail fuel operator in Abu …
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UAE seen returning to budget surplus in 2019
The UAE’s budget balance will return to surplus by 2019, owing to the recovery in oil prices, the introduction of new taxes – most notably the value-added tax in 2018, according to a new research note. Analysts BMI said capital expenditure will drive total …
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Biggest Dubai IPO in 3 Years Has Worst Debut Since 2014
Geopolitical risk in the Middle East took a toll on the debut of a stock linked to one of the strongest brands investors can find in the United Arab Emirates market. Emaar Development PJSC, the U.A.E. real estate developer that began trading in Dubai on …
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UAE Central Bank looks to private equity to plug SME funding gap
The governor of the Central Bank of the UAE wants private equity firms to help fill the void left by banks that have cut lending to SMEs in recent years amid lacklustre economic growth. “The exposure of our financial sector to SMEs is moderate and I …
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UAE mulls regulation for crowdfunding
In August 2017, the Dubai Financial Services Authority (DFSA) launched its regulatory framework for loan and investment-based crowdfunding platforms to create an innovation-friendly ecosystem. The introduction of the regulation comes as crowdfunding is …
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Emaar Development, Dubai’s first big IPO since 2014, falls on debut
Shares in Dubai real estate firm Emaar Development fell on their debut on Wednesday in the emirate’s first major listing since 2014. Emaar Development had an initial public offer price of 6.03 dirhams, equal to its net asset value according to an …
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UAE MoF organises workshop for avoidance of double taxation agreements
DUBAI: The workshop was held in the presence of Yousuf Mohammed bin Hajar, Deputy Director of International Financial Relations Department at MoF, and more than 60 representatives from the MENA region, and related local and federal entities. Yousuf …
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Dubai Financial Market : UAE bourses to rebound Tuesday – Analysts
Dubai – Mubasher: The UAE bourses are expected to rebound into positive territory on Tuesday as prices are likely to reach attractive levels, analysts told Mubasher. Market analyst Gamal Abdel Hameed said that the indices of the UAE bourses have reached …
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Smart Dubai extends Paperless Finance drive.
Summary: Smart Dubai has expanded its Paperless Finance project to cover various Dubai Government entities, where it will “fully digitise” their … The post Smart Dubai extends Paperless Finance drive appeared first on Tahawul Tech. H.E. Dr Aisha Bint …
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Majority employed UAE Residents considering or have started own businesses
The perceived image of entrepreneurs in the UAE is very positive, with 86 per cent of respondents … business in the past but could not do so cited the inability to ‘obtain financial support’, 52 per cent cited the inability to ‘self-finance the …
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Fidor Expands Middle East Africa Regional Hub in Dubai Silicon Oasis
Dubai is the natural next step for us at Fidor … It is also a testimony to offer service excellence to our growing global client base.” Here at Fintech Finance, we work with renowned executives in the industry to provide key decision-makers globally …
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How UAE Investors Can Diversify their Portfolio
the ETFs listed above provide a good mix of sectors and regions that may still perform if the UAE economy hits another bumpy patch. Arabian Gazette – Arabian Gazette is your window to insightful news, features and analysis on business, economy, finance …
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UAE entrepreneurs have the highest fear of failure rate for the MENA region
Our research shows that there is an urgent need to deploy the region’s substantial human, natural, and financial assets more efficiently … Saudi Arabia and the United Arab Emirates. Although Tunisia did not participate in the 2016 GEM research cycle …
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UAE central bank to set up a dedicated department to deal with cyber attacks
Abu Dhabi: UAE Central Bank is taking measures to mitigate risks arising out of cyber-attacks and is planning to set up a dedicated department to deal with the issue, its governor said in Abu Dhabi on Wednesday. “Cyber risks go hand in hand with …
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Dubai’s Noor Bank to move away from unsecured small business lending
Dubai-based lender Noor Bank is to move away from unsecured lending to small and medium-sized enterprises, its chief executive told Reuters, after a rise in bad debts within this sector. The shift is part of a turnaround plan chief executive John …
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Central Bank sees surge in gross credit, money supply
Gross credit and deposits in the UAE’s banking sector rose in October amid a surge in money supply, reflecting an upswing in economic activity. According to the latest monetary data provided by the UAE Central Bank on Tuesday, money supplies in two …
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