The UAE was ranked 19th on the list of the world’s largest FDI recipient countries, according to the UN Conference on Trade and Development’s latest report …
( read original story …)
Dubai’s VaultsPay and Wibmo target financial inclusion with prepaid card
Dubai-based FinTech VaultsPay and US digital payments company Wibmo are to roll out a prepaid card platform that aims to accelerate financial inclusion in the Middle East by serving the needs of the …
( read original story …)
UAE and Republic of the Philippines sign agreement on mutual promotion and protection of investments
The agreement, which was signed at MoF’s headquarters in Dubai, comes as part of the ministry’s keenness to enhance its commercial and investment relations with various countries of the world …
( read original story …)
UK may negotiate Cepa, other trade agreements with UAE: Bradley Jones
British government could look at signing other agreements with the UAE like CEPA, a comprehensive economic partnership agreement, in addition to free trade …
( read original story …)
Dubai: Tecom Group To Offer 12.5% Stake In IPO
Dubai on Thursday announced plans to sell a 12.5 per cent stake in Tecom Group through initial public offering and list the company on the Dubai Financial Market (DFM) by July 5. It will be the second …
( read original story …)
UAE Central Bank Expects Real GDP Growth to Reach 4.2% in 2023
The United Arab Emirates’ central bank said on Wednesday it expects real GDP growth to reach 4.2 percent next year, up from its earlier forecast of 3.3 percent. The central bank estimated the non-oil …
( read original story …)
GCC banking sector profits surpass pre-Covid levels
GCC banking sector continued to record growth during Q1-2022 backed by solid economic recovery and demand post the pandemic, a report said. The banking sector net profits showed one of the strongest q …
( read original story …)
Tecom Group to list 12.5% of shares on Dubai Financial Market
Dubai’s Tecom Group, a member of the Dubai Holding group, has announced its intent to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial …
( read original story …)
After DEWA, Dubai’s next big IPO – Tecom Group – is all set to open June 16
Tecom IPO to offer 12.5% stake as Dubai eyes another heavy subscription rush Dubai: The second of Dubai’s blue-chip IPOs is all set to get cracking – Tecom Group will offer a 12.5 per cent stake …
( read original story …)
UAE, Egypt, Jordan central banks to strengthen cooperation in financial sector
The central bank governors from the UAE, Egypt and Jordan held a meeting in Abu Dhabi to further strengthen cooperation in the financial sector. Khaled Mohamed Balama, Governor of the Central Bank of …
( read original story …)
UAE, Egypt and Jordan central bank governors discuss economic partnership
CBUAE signs a MOU with Jordan and Egypt to promote financial and banking relations Abu Dhabi: Central Bank governors of the UAE, Egypt and Jordan met on Tuesday to discuss opportunities for …
( read original story …)
UAE central bank expects real GDP growth to reach 4.2% next year – state news agency
The United Arab Emirates central bank said on Wednesday it expects real GDP growth to reach 4.2% next year, up from its earlier forecast of 3.3%, state news agency (WAM) reported. The central bank had …
( read original story …)
UAE, Egypt and Jordan central bank governors meet to discuss economic partnership
It is the latest development after the three nations announced their Industrial Partnership for Sustainable Economic Growth last month UAE, Egypt and Jordan central bank governors meet to discuss …
( read original story …)
$8 billion IPO for KFC and Pizza Hut operator across Middle East and North Africa hots up
New York-based Morgan Stanley is to work on the IPO of Americana, which counts Dubai’s Mohamed Alabbar and Saudi’s PIF among its backers.
( read original story …)
Indian rupee steady at 21.15/Dh after central bank hikes interest rate by 50 basis points
UAE’s Indian expats had been cashing in after Indian Rs dropped below 21 on May 9 Dubai: The Indian rupee is holding steady at 21.15 to the dirham early on Wednesday (June 8) after the Reserve Bank of …
( read original story …)
UAE, Jordan and Egypt central banks sign agreements for financial co-operation
The Central Bank of the UAE has signed preliminary agreements with Jordan and Egypt’s banking regulators to enhance financial and banking co-operation, after the recent industrial partnership between …
( read original story …)
Gupta brothers arrest: UAE will not stop combatting illicit finance, says minister
is the latest example of our commitment and sustained efforts to combat illicit finance. “I am thankful to the UAE authorities who have led this case with expert skill and compiled the requisite …
( read original story …)