Emirates Development Bank (EDB) today unveiled the UAE’s first-of-its-kind AgriTech Loans Programme, set to allocate a substantial AED 100 million in financing support for the country’s vital food …
RAKBANK Set to Transform its Business Finance Operations, Selects Newgen’s Trade and Supply Chain Finance Solution
Leveraging Newgen’s Trade Finance and SCF solution, built on a low code digital transformation platform—NewgenONE, the bank can seamlessly automate the origination and processin …
UAE Islamic banks’ gross assets reach AED650bn in Q1, 2023
Their deposits also registered a 6.2% increase to AED453.4 billion during the period UAE Islamic banks’ gross assets reach AED650bn in Q1, 2023 CBUAE, Central Bank of the UAE, Islamic banking, UAE …
Dubai catapults to seventh rank in Julius Baer’s Global Wealth and Lifestyle Report
Dubai has enjoyed a rapid rise up the ranking to 7th place … At the end of April 2023, assets under management amounted to CHF 429 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private …
UPDATE 1-Bahrain’s Investcorp seeks to raise up to $600 mln from investment vehicle IPO
DUBAI, June 20 (Reuters) – Middle East alternative asset manager Investcorp Holding is seeking to raise up to $600 million from the listing of an investment vehicle in Abu Dhabi this year, two sources …
Arab youth say the UAE is the nation they would most like to live in and their own to emulate for the 12th straight year
For the 12th consecutive year since they were asked to name the countries they consider ‘model nations’, Arab youth have said the United Arab Emirates is the country they would most like to live in …
Dubai records over $680.6mln in realty transactions Monday
Dubai real estate market recorded 691 sales transactions worth AED1.56 billion, in addition to 123 mortgage deals of AED529.53 million, and 25 gift deals amounting to AED434.36 million on Monday, data …
Emirates NBD celebrates 60-year journey from homegrown UAE bank to international banking brand
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region, marks a significant milestone this year, with the bank celebrating its 60th anniversary. The landmark …
Dubai’s Amanat says considering IPO of healthcare platform
DUBAI, June 19 (Reuters) – Dubai-listed Amanat Holdings (AMANT.DU) is considering monetisation options for its healthcare platform, including a possible regional initial public offering (IPO) in the …
Dubai’s Amanat Holdings mulls healthcare platform’s IPO
Amanat Holdings, a Dubai-based healthcare and education investment firm, on Monday confirmed it is assessing monetisation options for its healthcare platform, including a possible regional IPO in the …
Malaysia to ease IPO rules this year to lure investors
Malaysia will implement reforms this year to make it easier for companies to list on the national stock exchange in a bid to attract more investors, Prime Minister Anwar Ibrahim said on Monday.
Dubai Chases Long-Term Growth as Property Booms, Seeks to Blunt Debt Risk
COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions. The approach pursued by the glitzy Gulf …
UAE COP presidency needs to snap out of ‘listening mode’ and get to action: Bonn observers
With six months to the climate summit in Dubai, COP28 president Dr Sultan al-Jaber has yet to set a clear vision for how to get world leaders to approach key issues like loss and damage, said …
Mbank, in collaboration with Khalifa Fund, launches its corporate banking platform
Mbank’s Corporate Banking Platform launches less than two weeks after Mbank and Khalifa Fund sign a Memorandum of Understanding, whereby Mbank continues to pursue its promise to support National and …
Hong Kong and UAE central banks explore closer financial ties to promote investments
The central banks of Hong Kong and the United Arab Emirates (UAE) are working together to set up financial infrastructure and policies in five major areas to promote cross-border payments and …
13 private firms listed in UAE markets with Dhs8.3b capital
The Securities and Commodities Authority (SCA) announced that the number of private joint-stock companies listed in the capital markets in the country totalled 13 companies, with a total capital of …
United Arab Emirates (UAE) Ambassador meets Ministers of Economy & Finance and Foreign Affairs of Republic of Benin
His Excellency Al Kaabi met with His Excellency Bakari to congratulate him on the assumption of his duties at the Ministry of Foreign Affairs and discussed with him the latest developments of mutual …