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Tag: finance

Posted on 19/09/2022

Dubai records over $435mln in realty transactions on Monday

DUBAI – Dubai real estate market recorded 392 sales transactions worth AED900.8 million, in addition to 84 mortgage deals of AED741.14 million, and 15 gift deals amounting to AED37.6 million on Monday …
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Posted on 19/09/2022

Teklip Announces the Blockchain Economy Dubai Summit on October 4-5, 2022, Dubai, UAE

The summit’s upcoming 5th edition will be hosted in Dubai, the largest crypto hub of the World. The event is set to be held on October 4-5, 2022 at the Le Meridien Dubai Hotel & Conference Centre.
( read original story …)


Posted on 19/09/2022

Promo: Access Bank to Reward Customers With All-expense Trip to Dubai

In its bid to encourage customers to use its AccessMore banking application, Access Bank Plc has said it will be rewarding a customer with his or her guest with an all-expense trip to Dubai this …
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Posted on 18/09/2022

Qatar, UAE, KSA, ADB showing keen interest in various sectors of Pakistan: Finance Minister

Minister for Finance Miftah Ismail has said that Qatar, United Arab Emirates (UAE), Saudi Arabia and Asian Development Bank (ADB) are showing keen interest in various sectors of Pakistan. Talking to a …
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Posted on 17/09/2022

Dubai’s Salik ups IPO size by 24.9% on strong investor demand

This would result in an increase in the offer size from 20% to 24.9% of Salik’s share capital, with the Dubai government continuing to own 75.1% of Salik’s existing share capital, reported Wam. Salik …
( read original story …)


Posted on 17/09/2022

UAE: Physical bank, ID cards long way from becoming obsolete, says expert

Physical bank and identity cards, using microchip technology, are a long way from becoming obsolete, a top official in the payment card manufacturing secto..
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Posted on 16/09/2022

UAE: Physical Debit, credit cards long way from becoming obsolete, says expert

Physical bank and identity cards, using microchip technology, are a long way from becoming obsolete, a top official in the payment card manufacturing secto..
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Posted on 16/09/2022

Dubai: Salik ups IPO size by 24.9% due to strong investor demand

The substantial increase in the shares offered by the company provides investors with a highly attractive value proposition …
( read original story …)


Posted on 16/09/2022

Dubai’s Salik ups IPO size to 24.9 percent on strong investor demand

The offering is being increased from the initial 1.5 billion shares or 20 percent of the share capital, to 1.87 billion shares or 24.9 percent Dubai’s Salik ups IPO size to 24.9 percent on strong …
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Posted on 16/09/2022

Salik IPO: Dubai toll operator set to raise more than $1bn after boosting offering size

The emirate is boosting the size of the stake it is selling in toll operator Salik. AP . Dubai’s government aims to raise Dh3.735 billi …
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Posted on 16/09/2022

Dubai Increases Salik IPO Size to $1 Billion on Strong Demand

Dubai boosted the size of its road-toll operator’s initial public offering by 25% to $1 billion on stronger-than-expected demand, underscoring continued interest in Middle Eastern listings despite …
( read original story …)


Posted on 16/09/2022

London hedge fund trader hiding in Dubai told to pay staggering £1.1bn to Danish taxman

A British hedge fund manager and financier was slapped with a tax bill of more than £1bn this morning. The man, accused by Denmark of masterminding a …
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Posted on 16/09/2022

Digital Banking: Wio Bank PJSC Launches in the UAE

Wio Bank PJSC announced its launch in the UAE, “becoming the first platform bank in the region, aiming to transform banking operating model.” …
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Posted on 16/09/2022

Road-toll operator Salik aims to raise $817 million in Dubai IPO, Gulf News reports

Dubai road-toll operator Salik priced its initial public offering at 2 dirhams a share, according to Dubai-based daily Gulf News on Tuesday, valuing the issue at around 3 billion dirhams ($817 million …
( read original story …)


Posted on 15/09/2022

Ministry of Finance signs a MoU with the UAE Internal Auditors Association

The Ministry of Finance (MoF) signed a memorandum of understanding (MoU) with the UAE Internal Auditors Association (UAE-IAA) for a period of three years, and it will automatically renew. The MoU, …
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Posted on 15/09/2022

Wio Bank PJSC officially launches in the UAE

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 …
( read original story …)


Posted on 15/09/2022

UAE’s MetaFi raises $3 million

UAE-based metaverse startup MetaFi, has raised $3 million from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, …
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