Emirates Islamic Bank rewards saver with Tesla car

Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank ... ( read original ...

Dubai to launch a digital bank for art that uses cryptocurrency

Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called ... ( read original story ...)

Q1 results point to strong start for UAE lenders

would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline ... ( read original story ...)

Owner of Travelex, UAE Exchange prepares for potential London IPO

DUBAI, April 23 (Reuters) - Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will ... ( read original story ...)

No rush to IPO, says Emaar Hospitality CEO

Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO. ( read original story ...)

Abraaj said to delay IPO of North African hospitals

The Dubai-based firm plans to sell the school stake back to CIRA ... Abraaj hired Citigroup and EFG-Hermes Holding SAE to run the sale or IPO of its North African hospitals business, people familiar with the matter said in January. The business, which ... ( read original story ...)

UAE home to six of region’s top 10 valuable brands

It is a real testament to the region’s economic growth that we are seeing more world class brands emerging from the UAE,” said Andrew Campbell, Managing Director, Brand Finance Middle East. Dubai’s Emirates NBD still sits firmly as the UAE’s most ... ( read original story ...)