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Tag: finance

Posted on 07/09/2022

Trukker raises $100m to accelerate growth ahead of planned IPO

The Series C late-stage growth funding round was led by Bahrain-based alternative investment company Investcorp with a $51m investment, Trukker said on Wednesday. Abu Dhabi’s Mubadala Investment …
( read original story …)


Posted on 07/09/2022

Dubai cuts plastic bottle use by over 3.5 million in six months

Dubai Islamic Bank, DMCC, Dubai Holding, Dubai Festival City, Dubai Municipality, Dubai World Trade Centre, Electrolux, Emirates NBD, Emaar, Etisalat, Goumbook, Gulf Marketing Group, Grundfos, Huawei, …
( read original story …)


Posted on 07/09/2022

UAE banks’ assets exceed $237bln in June

The UAE’s money supply aggregate M1 went up by 2.30% to $198bln at the end of June this year UAE – The gross assets value of the UAE-based lenders inched up by 0.20% month-on-month (MoM) to AED 3.449 …
( read original story …)


Posted on 07/09/2022

The Debt Panel: ‘Can freelancers apply for a car loan in the UAE?’

I was surprised that I was unable to have access to any financing to buy a car given the salary certificate requirements that almost all banks, including my own, require. I inquired about …
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Posted on 07/09/2022

Indian rupee falls against UAE dirham; RBI intervenes

The Indian rupee depreciated by 11 paise to 79.93 against the US dollar (21.78 versus the UAE dirham) in opening trade on Wednesday, tracking the strength of the American currency. At the Indian …
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Posted on 07/09/2022

Emirates Development Bank to Approve New Loans to SMEs, Startups

Emirates Development Bank, the financial “engine” of the UAE’s economic diversification strategy, has announced a lending feature.
( read original story …)


Posted on 06/09/2022

Tel Aviv Bourse Head Seeks More Bilateral Investing With UAE

Ittai Ben Zeev, CEO of Tel Aviv Exchange, Mohamed Al Khaja UAE ambassador to Israel and Ahmed Al Zaabi chairman of Abu Dhabi Global Markets (ADGM), open the trading day at the Tel Aviv Stock Exchange …
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Posted on 06/09/2022

UAE bank becomes first to offer Mastercard’s Touch Card for the visually impaired

Mastercard has announced that Ajman Bank in the United Arab Emirates (UAE) has become the first financial institution to issue its new Touch Card, a payment card designed for blind and partially …
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Posted on 06/09/2022

Dubai’s Road-Toll Operator Salik to Sell 20% Stake in IPO

Salik Company, Dubai’s exclusive road-toll operator, announced a plan to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).
( read original story …)


Posted on 06/09/2022

Lighthouse Canton Capital: Transforming the future of finance

Through its offices located in Singapore, Dubai and across India, the company has been providing intelligent investment solutions to its clientele …
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Posted on 05/09/2022

POLL Dubai housing market outlook dims on increase in borrowing costs

Property prices in Dubai will rise this year and next at a slower pace than previously thought as higher mortgage rates and the cost of living crisis will reduce foreign demand, a Reuters poll of …
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Posted on 05/09/2022

Dubai real-estate transactions hit over $653 million on Monday

Dubai real-estate transactions hit over $653 million on Monday Dubai, Dubai real estate market, Real Estate, UAE Latest News …
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Posted on 05/09/2022

Dubai real-estate transactions hit over AED 2.4 billion in a week

Dubai real-estate transactions hit over AED 2.4 billion in a week Dubai, Dubai real estate market, Real Estate, UAE Latest News …
( read original story …)


Posted on 05/09/2022

‘Salik’ announces intention to float on Dubai Financial Market

Salik Company, Dubai’s exclusive toll gate operator, today announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial …
( read original story …)


Posted on 05/09/2022

Regular investments, zero savings: How UAE parents are securing kids’ education

Some also rely on loans. In the UAE, where several financial solutions are available, providing for children’s education varies from one family to another. A cross-section of individuals shared with …
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Posted on 05/09/2022

New Salik branding, more toll gates: Everything we know about Dubai’s next big IPO

The company currently operates eight toll gates across Dubai – particularly placed in strategic junctures, bridges, and other high-traffic areas in the emirate New Salik branding, more toll gates: …
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Posted on 05/09/2022

Dubai Set to Sell 20% in Road-Toll Firm in Third IPO of the Year

Dubai is selling a 20% stake in its road-toll collection system in a deal that could raise about $1 billion for the government, as part of the city’s ongoing efforts to boost trading volumes. Most …
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