UAE stock markets Thursday continued to capitalise on improved investor sentiments, defying US Fed’s decision to keep interest rates steady on Wednesday, while projecting an increase by year-end. Blue …
Navigating the UAE loan landscape: A guide to responsible borrowing
The UAE operates under a Sharia-compliant financial system, which influences various aspects of lending and borrowing. Sharia-compliant finance adheres to Islamic principles, such as the prohibition …
Saudi PIF-backed ADES prices IPO at top end, implying over $4 billion valuation
DUBAI, Sept 20 (Reuters) – Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals …
The Ministry of Finance introduced UAE private sector to expansion opportunities in emerging economies
Abu Dhabi, UAE: – The Ministry of Finance, in collaboration with the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), held two workshops at the headquarters of the Chambers of …
Cybersecurity key to boosting customer confidence, developing UAE’s banking and financial sector: UBF
This came during the UAE Banks Federation’s participation in the 3rd Cybersecurity Conclave as the strategic partner …
Lulu Group to launch IPO in first half of 2024
However, Ali declined to disclose the size of the IPO or where the listing would take place. The UAE-based company, which postponed its IPO plan that was originally scheduled for this year …
Hedonova launches unique short-only fund in ADGM
DUBAI, United Arab Emirates–(BUSINESS … selling securities on such a scale. The short-only fund, a testament to Hedonova’s innovative spirit, presents a unique opportunity for investors to hedge …
UBF: Cybersecurity is key in strengthening customer confidence and developing UAE’s banking and financial sector
In the face of the broad and accelerated digital transformation that the banking and financial sector is experiencing …
Emirates NBD sets a new standard in mobile banking with the roll out of ENBD X
Emirates NBD’s new mobile banking App has been engineered according to the latest technology, security and user experience trends …
Trillion-dollar crime: UAE ramps up fight against wildlife trafficking, poaching ahead of COP28
With COP28 approaching, the UAE is amping up its crackdown on financial crime networks sustaining the illegal wildlife trade and looming biodiversity crisis …
US Fed keeps interest rates steady at 5.25-5.5%; UAE central bank follows suit
The Central Bank of the UAE has announced maintaining the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40 percent …
Dubai Islamic Bank Pakistan unveils digital onboarding solutions with Codebase Technologies
IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
Dubai: Earn second salary by listing your property on new holiday platform; here’s how it works
The community-based online platform enables holidaymakers to swap homes or rent directly from one another at minimal or zero cost …
UAE central bank hits pause on interest rate hikes
Though the US Fed left the rates unchanged, a move widely predicted by analysts, it has signalled one more rate hike this year …
As Africa Renewable Energy Finance Gap Widens, UAE Steps In With Major Investments
As Africa falls behind on renewable energy, the UAE steps in with major investments, filling an important climate finance gap ahead of the COP-28 climate summit in Dubai.
UAE Central Bank holds rates with Fed
The UAE Central Bank held its benchmark borrowing rate after the US Federal Reserve hit pause for the second time this year as core inflation and the labour market in the US slowed. The Fed held its …
UAE Central Bank holds interest rates steady as US Fed hits pause on hikes
The interest rate notification from CBUAE comes after the US Federal Reserve announced that it is maintaining its key policy rate unchanged …