UBS agreed to buy Credit Suisse for $3.23 billion and assume up to $5.4 billion in losses in a deal backed by a massive Swiss guarantee …
Central Bank of UAE, Reserve Bank of India to Support Innovation in Financial Services
The Central Bank of the United Arab Emirates (CBUAE) and the Reserve Bank of India (RBI) signed recently a Memorandum of Understanding.
UAE Central Bank Gives Green Light To UAE’s First Paperless Direct Debit Marketplace – Mid-East.Info
Dubai, UAE: UAE Central Bank (CBUAE) has given the go ahead for the Emirates’ first paperless Direct Debit Marketplace, to provide payers and merchants with an all-in-one solution to make regular …
Dubai is proactively developing plans to accelerate digital growth, says Sheikh Hamdan
CEO of the Dubai International Financial Centre (DIFC) and Maha Al Mezaina, Reporter of the Committee. Sheikh Hamdan bin Mohammed said Dubai is proactively developing plans to accelerate digital …
Qatar charges ex-finance minister with bribery, embezzlement
Qatar announced Sunday the nation’s former finance minister faces charges including bribery and embezzlement from his time in the post. Ali Sharif al-Emadi was arrested in May 2021, with little about …
Dubai Jobs: Expats Offered Salaries Between Dh10,000 To Dh50,000 At Government Firms
Dubai Women Establishment, Department of Finance, Mohammed bin Rashid School of Government and others have advertised to fill a number of vacancies, which are open to expatriates as well. Most of …
Dubai’s First IPO of the Year Sells Out in Under an Hour
The owners of remittances and money exchange firm Al Ansari Financial Services plan to raise as much as $210.3 million in an initial public offering in Dubai, set to be the emirate’s first listing of …
Maktoum Bin Mohammed Approves New Strategic Plans Of Dubai’s Judicial Entities
Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Dubai Judicial Council, chaired a meeting of the Judicial Council, at the Ruler’s Court. During the meeting, …
Presight AI’s $496m IPO attracts $25.8bn in orders
UAE-based exchange house Al Ansari Financial Services plans to raise as much as Dhs772.5m from an IPO on the Dubai Financial Market. Kuwait-based asset management firm, KAMCO Invest, said the IPO …
UAE shares rebound as fears of banking crisis ease
Investors walk under a stock index board at the Dubai Financial Market in Dubai, United Arab Emirates, January 8, 2020. REUTERS/Christopher Pike March 17 (Reuters) – Stock markets in United Arab …
The way to pay your rent, school fees and more in Dubai has changed
It’s time to kick cheque books to the kerb when paying your monthly bills in Dubai as the UAE Central Bank (CBUAE) has announced a Direct Debit Marketplace. A first for the UAE, the marketplace can be …
UAE President orders provision of $3m to rebuild West Bank village of Huwara
President of the United Arab Emirates (UAE) Sheikh Mohamed bin Zayed has ordered the provision of three million dollar to help rebuild the West Bank village of Huwara set ablaze by hard-line Jewish …
UAE increases USD300m in second T-bond auction
The United Arab Emirates (UAE) continues to diversify its funding base by raising 1.1 billion dirhams (USD300 million) from the second auction of con …
UAE: Al Ansari Announces IPO Price Range Starting At Dh1 Subscription Begins Today
The IPO subscription period starts today and runs until March 23 for the UAE Retail Offering and March 24 for the Qualified Investor Offering. The final offer price will be determined through a …
UAE’s Al Ansari sets IPO price, shares valued between AED1 and AED1.03
The IPO subscription period began on March 16, and will end on March 23 UAE’s Al Ansari sets IPO price, shares valued between AED1 and AED1.3 Al Ansari Exchange, Al Ansari Exchange IPO, Al Ansari …
Watch: Al Ansari Financial Services sets IPO range at Dh1-Dh1.03; National Bonds comes as cornerstone investor
Image Credit: Clint Egbert/Gulf News Dubai: Al Ansari Financial Services has set a price range of Dh1-Dh1.03 for its IPO opening for subscription today (March 16), and aiming to be the first of more …
UAE raises USD300m from second auction of conventional dirham-denominated treasury bond issuance
The United Arab Emirates (UAE) has raised 1.1 billion dirhams (USD300 million) from the second auction of conventional dirham-denominated treasury bo …