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 ...)

April loan growth moderates as GREs turn net depositors

Dubai: The UAE’s banking sector loans growth moderated in April after two months of accelerated growth, according to the latest numbers from the Central Bank of UAE. Gross loans fell by a limited 0.1 per cent in April compared to March. On a yearly basis ... ( read original story ...)

UAE imposes heavy taxes on tobacco and fizzy drinks

DUBAI: The UAE Ministry of Finance has announced a selective tax of 100 percent on tobacco and energy drinks and 50 percent on carbonated beverages on Tuesday. It was announced in a tweet of UAE Ministry of Finance after the meeting of the board directors ... ( read original story ...)

Leejam Sports to file for 1b riyal IPO

Leejam, established in 2007 by vice-chairman Abdul Mohsen Al Haqbani, operates 120 locations across Saudi Arabia and Dubai under the brand name Fitness Time, according to its website. The company plans to formally apply for an IPO with the stock market ... ( read original story ...)

The coming revolution in banking

A paradigm shift is under way in the UAE’s financial sector as technology evolves and customers live in an increasingly connected world. When the dust settles, the banking landscape will look a lot different over the next three years than it does today. ( read original story ...)

Successful IPO Of An Offshore Driller

I discuss industry implication of ADES IPO. This article was written on a request by a reader who noticed that an offshore drilling company which originally came from Egypt and is now based in Dubai, ADES International Holding, had a successful IPO in ... ( read original story ...)