The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a …
( read original story …)
UAE Central Bank orders closure of money exchange
Abu Dhabi: The UAE Central Bank has ordered the closure of a small money exchange house after detecting irregularities, official sources told Gulf News on Tuesday. The exchange, which has six branches — three in Dubai, two in Abu Dhabi and one in Sharjah …
( read original story …)
Dubai index sees temporary bounce in weak market
The Dubai Financial Market General Index closed 0.74 per cent higher at 3,318.12. Union Properties closed 2.39 per cent higher at Dh0.900, while Emaar Properties closed 0.43 per cent higher at Dh7.18. “It appears to be a broad-based rally based largely …
( read original story …)
Dubai Financial Market : Ramadan lull weighs on region
Most Arabian Gulf stock markets were little changed yesterday as investor sentiment remains low in the midst of the economic slowdown hitting the region. The Ramadan lull also weighed on trading, which remained thin in most markets. “We need significant …
( read original story …)
Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves
In an attempt to boost its funds, the kingdom also allowed qualified institutional … all trade going via Oman instead of Dubai ports, more flights and opening of the first bank in the world from Oman, inside Iran, are just a few signals aside from …
( read original story …)
Noor Bank to apply Dubai font across internal platforms
Noor Bank today announced that it has become the first bank in the UAE to implement the Dubai font across internal platforms. Employees of the bank will apply the iconic font to all documents created in Microsoft Office programmes. The transition from …
( read original story …)
Aster DM Healthcare plans 2018 IPO as sentiment improves
Dubai: Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Arabian Gulf. The company aims to sell 10 per cent of shares by October 2018 …
( read original story …)
Dubai’s Aster DM Healthcare Plans 2018 IPO as Sentiment Improves
Aster DM Healthcare is planning an initial public offering next year as the Dubai-based medical provider seeks to take advantage of improved market sentiment for the Persian Gulf. The company aims to sell 10 percent of shares by October 2018, with a …
( read original story …)
Dubai’s Marka appoints new CEO
Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 …
( read original story …)
MoF organises workshops on practical applications of the federal decree no. (9) of 2016 concerning bankruptcy
The Ministry of Finance (MoF), in collaboration with Dubai Courts, recently organised a workshop on the practical applications of the Federal Decree No. (9) of 2016 concerning bankruptcy. The workshop came as part of a series organised by the Ministry to …
( read original story …)
Financial sustainability imperative to supporting Awqafs
Ultimately, financial sustainability is imperative for Awqafs … Managing Awqaf sustainably In the UAE, a ‘General Waqf Authority’ for Islamic Affairs and Endowments, has been set up by government and regulators, to coordinate and streamline the …
( read original story …)
ANALYSIS-In Aramco IPO pitch, Canada plays up its natural resources expertise
But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion … who has previously worked in Dubai with Saudi clients for international law firm Freshfields. Nasdaq, which is a technology partner to Saudi Arabia’s …
( read original story …)
In Aramco IPO pitch, Canada plays up its natural resources expertise
But its best chance of winning a part of the biggest IPO ever, expected to raise about $100 billion … who has previously worked in Dubai with Saudi clients for international law firm Freshfields. Nasdaq, which is a technology partner to Saudi Arabia’s …
( read original story …)
Packing and relocation: Keeping finance in check
but it also presents challenges that include several financial aspects. Forward planning is therefore essential to get the practicalities right. Here are some critical factors that expats relocating from the UAE should take into account before departing.
( read original story …)
UAE Gains Edge In $165 Billion Caspian Oil & Gas Market
The United Arab Emirates has spearheaded the Gulf Cooperation Council … State-owned oil and gas Kazmunaygas announced plans to list its initial public offering as soon as 2020 in a bid to privatize nationalizes companies to boost GDP growth.
( read original story …)
Dubai fintechs invited to play in regulated innovation sandbox
The Dubai Financial Services Authority (DFSA) is inviting financial technology (fintech) firms to apply for an Innovation Testing License (ITL) that will allow qualifying companies to develop and test concepts for between six to 12 months in a restricted …
( read original story …)
Dubai bank Emirates NBD launches e-commerce platform
Dubai bank Emirates NBD is seeking to capitalise on the growing e-commerce market in the UAE with the launch of its own online marketplace. The SkyShopper platform will enable the bank’s credit and debit card customers to pay for items including flights …
( read original story …)