Qatari IT services firm MEEZA will be the first company in the country to use book-building to carry out an initial public offering, it said in a statement on Sunday, as Qatar aligns itself with …
Gross banks’ assets up to Dhs3.6tr by end of October: Central Bank
Gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dhs3.583 trillion at the end of September 2022 to Dhs3.615 trillion at the end of October 2022, according to the Central …
Gross bank assets up to Dh3.6 trillion by end of October: Central Bank
Gross banks’ assets, including bankers’ acceptances, rose by 0.9 per cent, from Dh3.583 trillion at the end of September 2022 to Dh3.615 trillion at the en..
DFM and DWTC to launch the MENA IPO Summit – Dubai 2023
Institutional investors, family businesses and startups to explore the latest regulations, best practices, and market trends in Dubai capital market Announcement follows the phenomenal momentum of …
Emirates NBD reportedly in race to buy majority stake in India’s IDBI Bank
The Dubai-based bank has submitted its expression of interest as the Government of India and LIC prepare to sell 60 percent stake Emirates NBD reportedly in race to buy majority stake in India’s IDBI …
FlexxPay, ADCB partner to provide payroll services to UAE companies
The partnership provides companies with digital bank accounts to their unbanked employees via the FlexxPay app.
COVID lifts life insurance business in the UAE
The insurance industry is currently underserved and offers a myriad of opportunities to expand through awareness-building of insurance benefits, says an industry expert …
National Bank of Fujairah partners with Lune Technologies
The National Bank of Fujairah (NBF), has signed a partnership agreement with Lune Technologies, an Emirati financial data analytics company to develop and deploy its pioneering Lune Data Enrichment …
Thani Al Zeyoudi: UAE a trading capital of the world
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade said that the UAE continues to leverage its global presence by opening up to the world and expanding its network of trading partners …
IDBI Bank Race: Emirates NBD & Prem Watsa-led Fairfax Group Said To Submit EOIs
The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or …
PM to visit UAE on Jan 10 amid economic crunch
Prime Minister Shehbaz Sharif will travel to the United Arab Emirates (UAE) on January 10 on a visit as part of a desperate attempt by Pakistan to shore up its depleting foreign reserves. Official …
Covid-19 lifts life insurance business in the UAE
The insurance industry is currently underserved and offers a myriad of opportunities to expand through awareness-building of insurance benefits, says an industry …
UAE ranks fifth most stock-obsessed country in the world
The UAE has ranked fifth in the world in a recent survey that ranks countries according to their interest in stock trading. No other Gulf or Arab nation ma..
Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition
First Abu Dhabi Bank’s Standard Chartered plan shows UAE is planning to become a major global force in finance Abu Dhabi’s Standard Chartered $1.1tn giant bank interest shows global ambition banking, …
UAE: Dh5,000 fine for refusing to return money accidentally transferred to bank account
A Gulf national had transferred Dh9,200 from her bank account to an account of a young man by mistake who refused to return the money. The man refused to return the woman’s money, so she decided to …
StanChart suitors track banking’s flighty fortunes
The biggest bank in the United Arab Emirates said on Thursday it had been “at the very early stages” of considering a bid for StanChart, but was no longer doing so. Nevertheless, the fact that it was …
Standard Chartered faces fresh questions after report of Middle East bank’s takeover bid
STANDARD Chartered’s Bill Winters wanted to mark the start of 2023 “with a little kindness”, he said on LinkedIn, but instead finds himself in the middle of a fresh debate about the emerging-market …