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Tag: finance

Posted on 12/10/2022

UAE: ADCB ranked highest among GCC banks in ESG risk

The Bank is now fully aligned with the UAE’s ambitions for an inclusive, net-zero economy, and we remain committed to supporting our customers and our communities on their journey towards a low-carbon …
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Posted on 12/10/2022

UAE digital bank Wio in deal with Stripe for faster payment onboarding of SMEs

Wio Business, the digital banking app from Wio, will allow SMEs and freelancers – ‘who previously struggled to get access to payment products’ – to activate their e-commerce …
( read original story …)


Posted on 12/10/2022

Dubai-Based Bank First to Recruit via Metaverse

Commercial Bank International (CBI), a corporate and retail bank headquartered in Dubai, is the first bank to recruit a UAE national via Metaverse.
( read original story …)


Posted on 12/10/2022

Dubai: 2 expats win $1 million each after over 15 years of participating in Duty Free Millennium Millionaire

The latest draw for Dubai Duty Free Millennium Millionaire saw two individuals, a 58-year-old Indian national based in Muscat, Oman, and a 50-year-old Iran..
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Posted on 12/10/2022

UAE assets are ready for some heavy ‘value investing’ fund flows

Compared to some global asset values, UAE has some relative bargains to offer After dominating headlines for more than a year, luxury real estate has started to fall and houses are sitting on the …
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Posted on 12/10/2022

CEO of UAE’s digital bank Zand steps down

Oliver Crespin, CEO of UAE’s digital bank Zand, has stepped down from his role. Crespin is ‘moving on to pursue other interests with effect from October 5, 2022,’ the bank said in a statement. Mark …
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Posted on 12/10/2022

Arabian Drilling set to raise over $700mln in IPO

DUBAI – Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 …
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Posted on 12/10/2022

UAE Golden Visa: 6 step guide to apply and how much it costs

New UAE Golden Visa rules came into effect earlier this month. Here’s how to begin the application process UAE Golden Visa: 6 step guide to apply and how much it costs Abu Dhabi, Dubai, Golden …
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Posted on 12/10/2022

Dubai records over AED1.5 billion in realty transactions Tuesday

Dubai real estate market recorded 469 sales transactions worth AED1.29 billion, in addition to 77 mortgage deals of AED190.01 million, and 8 gifts deals amounting to AED26.82 million on Tuesday, data …
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Posted on 12/10/2022

Arabian Drilling set to raise over $700 million in IPO

Arabian Drilling Company, a Saudi oilfield services firm, said on Tuesday it will price its initial public offering at 100 riyals a share and is set to raise 2.67 billion riyals ($710.58 million).
( read original story …)


Posted on 12/10/2022

Dubai digital bank Zand’s CEO steps down to pursue new interests

CTO Mark James Chittenden will be the interim CEO until a new appointment is made by the board, the bank said. Zand’s Chairman Mohamed Alabbar, said: “On behalf of the board, we thank Olivier for his …
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Posted on 11/10/2022

Dubai records over $408mln in realty transactions on Tuesday

DUBAI – Dubai real estate market recorded 469 sales transactions worth AED1.29 billion, in addition to 77 mortgage deals of AED190.01 million, and 8 gifts deals amounting to AED26.82 million on …
( read original story …)


Posted on 11/10/2022

Burjeel shares up15.5% after AED1.1 billion IPO

Burjeel Holdings PLC’S shares hiked 15.5 percent, hitting AED2.310 from AED2.00 on their maiden day of trading today.The company’s Initial public offering (IPO), which raised gross proceeds of more …
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Posted on 11/10/2022

UAE digital bank Zand’s Olivier Crespin steps down as CEO

Zand, the UAE’s first digital bank that caters to retail and corporate clients, on Tuesday said its chief executive Olivier Crespin has stepped down from the position to pursue other interests. Mr …
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Posted on 11/10/2022

UAE Cabinet approves 2023-2026 federal budget with total expenditure of $68.69bn

Our goal is to ensure that the federal government operates with the highest standards of financial efficiency,” he said. The UAE economy made a strong rebound from the coronavirus pandemic-induced …
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Posted on 11/10/2022

UAE Banks Federation discusses strategies, plans for Emiratisation in the banking and finance sector

The CEOs Consultative Council of the UAE Banks Federation (UBF), in its meeting held on Monday, discussed the strategies and plans for Emiratisation in the banking and finance sector in the country.
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Posted on 11/10/2022

Dubai records over $436mln in realty transactions Monday

DUBAI: Dubai real estate market recorded 445 sales transactions worth AED1.18 billion, in addition to 68 mortgage deals of AED445.38 million, and 37 gifts deals amounting to AED61.34 million on Monday …
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