While the global assets of Islamic finance industry boast a value exceeding $4.5 trillion, CIS countries are just beginning to tap into this potential. This surge is driven by a combination of factors …
Dubai’s Network International receives SVF licence from Central Bank
Dubai-based Network International has received its stored value facility (SVF) licence from the Central Bank of the UAE, enabling it to issue stored value products, which includes any non-cash …
Spinneys’ $375 Million Dubai IPO Draws Franklin Templeton
The family behind high-end supermarket chain Spinneys is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai that’s drawn Franklin Templeton as a …
44pc UAE retailers hit by cyberattacks in 2023, losing $3.08m
In the UAE, the average financial impact per affected individual reached AED3,250 in 2023, indicating a 270% increase from the previous survey. Despite this rise, 68% of UAE businesses report having …
UAE shares successful government modernisation experiences with Rwanda
The Government Experience Exchange Office in the Ministry of Cabinet Affairs received a delegation from the Government of the Republic of Rwanda, with the aim of sharing the UAE’s successful …
Dubai World Trade Centre cluster appoints CA Anirudh Chaturvedi as new Cluster Director of Finance
With an extensive background in finance hospitality and over 13 years of industry experience & serving Middle East region (UAE & Qatar) for past 6+ years …
Spinneys Seeks $375 Million in Rare Dubai Private-Sector IPO
The family behind high-end supermarket chain Spinneys 1961 Holding plc is seeking to raise as much as 1.38 billion dirhams ($375 million) in a rare private sector listing in Dubai.
Dubai retailer Spinneys sets IPO price range at Dh1.42-Dh1.53/share as demand builds up
The Spinneys IPO is opening today and retail investors have already been building up their funds to commit to the offering. Image Credit: Supplied photo Dubai: The UAE grocery retailer Spinneys has …
Positive macro-economic trends emerging in country: Finance Minister
The Minister further said that the macro-economic indicators have started showing positive trends in the country both at internal and external fronts. The ongoing structural reforms and enforcement …
UAE businessmen: Aurangzeb makes a pitch for investments
ISLAMABAD: Federal Minister for Finance and Revenue, Aurangzeb has held meeting with foreign investors including Chairman of Ayana Holding, Abdulla Bin Lahej and Chairman Nad Al Shiba Holding, …
Ministry Of Finance’s Federal Suppliers Register Enhances Government Procurement
Since 2007, the UAE Ministry of Finance has played a pivotal role in federal procurement. The introduction of the Digital Procurement Platform in 2021 has radically changed the procurement experience …
Nominations Open For UAE Realty Awards: Recognizing Excellence In Real Estate
Finance World Magazine proudly announces that nominations are now open for the prestigious UAE Realty Awards 2024 …
Dubai’s Luxury Car Thriller: Taycan’s Great Escape & Range Rover’s Watery Woes
Heavy rain hits Dubai What is the fate of the Porsche Taycan? There are also cases of mixed joy and sorrow In the early morning of April 16 (local time), heavy rain fell in Dubai, United Arab Emirates …
UAE Central Bank asks lenders to defer loans to help flood-hit residents
The UAE Central Bank on Monday issued a notice to all banks and insurance companies, asking them to allow a six-month deferment of repayments for personal and car loans for customers affected by the …
UAE floods: Banks to defer personal, car loan installments for 6 months
The UAE central bank said banks will not impose additional fees, interest or profits for loan repayment deferrals.
Black swan hedge fund says Fed rate cuts will signal market crash
While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund is warning that investors should make the most of recent economic optimism while it lasts, as a shift to …
UAE’s trademark listing surge signals rising investor trust
The UAE has seen a significant increase in trademark registrations in the first quarter of 2024 with a 64 per cent surge compared to the same period last year, signifying growing investor confidence …