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Tag: finance

Posted on 18/08/2022

Mubadala-Backed UAE Firm Sets Up $10 Billion Fund for Tech Deals

Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesLiz Cheney Prepares …
( read original story …)


Posted on 17/08/2022

UAE: Now pay government fees using mobile payment apps or bank transfers

The Ministry of Finance announced on Wednesday that customers can now pay government services fees using the various payment options accepted in the UAE. The move comes in response to customers’ …
( read original story …)


Posted on 17/08/2022

Emirates NBD launches global call for metaverse start-ups to transform future of banking

Marking Emirates NBD’s first play in the metaverse, the accelerator programme positions the bank as a leader in the next phase of banking innovation …
( read original story …)


Posted on 17/08/2022

Dubai’s biggest lender looks to startups to join metaverse craze

The ten-week program, organised in partnership with Fintech Hive, will see startups pitch ideas around financial technology, which the bank could use to develop new metaverse-related products Dubai’s …
( read original story …)


Posted on 17/08/2022

Dubai’s biggest lender looks to startups to join metaverse craze

The ten-week program, organised in partnership with Fintech Hive, will see startups pitch ideas around financial technology, which the bank could use to develop new metaverse-related products Dubai’s …
( read original story …)


Posted on 17/08/2022

How do you decide when to change banks in UAE? Here are 4 signs that tell it’s time to leave your bank

Rising fees, high interest rates and other signs that you should be watching out for Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them any …
( read original story …)


Posted on 17/08/2022

Standard Chartered launches the region’s first transition trade finance facility

Standard Chartered Bank announced today the successful closure of the region’s first transition trade finance facility for Lafarge Emirates Cement LLC, one of the largest cement producers in the UAE …
( read original story …)


Posted on 17/08/2022

The Debt Panel: ‘Will my bank refund my savings of $12,250 that were lost in a scam?’

When the payment was made, I received an SMS from my bank informing me about a transfer of Dh45,000 to another account. I called my bank immediately to inform them of the scam. They promised to …
( read original story …)


Posted on 16/08/2022

Foreign investments in UAE stocks hit over $4 billion since start of 2022

The volume of investments are a result of the UAE’s continued efforts to attract foreign investors, followed by the strong performance of listed companies Foreign investments in UAE stocks hit over $4 …
( read original story …)


Posted on 16/08/2022

Dubai Financial Market set to permit DGCX licensed brokerage firms to become its derivatives members

This follows DFM obtaining approval from the Securities and Commodities Authority for such a move Dubai Financial Market set to permit DGCX licensed brokerage firms to become its derivatives members …
( read original story …)


Posted on 16/08/2022

Gang who kidnapped man in Dubai over financial dispute given reduced sentences

The members of a gang who kidnapped a Chinese man over a financial dispute have had their prison sentences reduced from three years to six months by the Dubai Court of Appeal. Court records showed …
( read original story …)


Posted on 16/08/2022

UAE’s AD Ports Group sees net profit rise 59% YoY to Dhs300m in Q2 2022

The 22.32 per cent stake in Aramex, which was transferred to AD Ports Group in January 2022, contributed Dhs12m to EBITDA and net profit in Q2.
( read original story …)


Posted on 16/08/2022

UAE leads in MENA venture capital funding, raising $699 million in first half

Pure Harvest Smart Farms’ deal in June $181 million mega round “drove the agriculture industry to the second-most funded rank” in the UAE over the first six months, this year UAE leads in MENA venture …
( read original story …)


Posted on 16/08/2022

Dubai records over $381mln in real estate transactions on Monday

DUBAI: Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, …
( read original story …)


Posted on 16/08/2022

UAE tops in MENA venture capital funding, raising $115 million in first half

Pure Harvest Smart Farms’ deal in June $181 million mega round “drove the agriculture industry to the second-most funded rank” in the UAE over the first six months, this year UAE tops in MENA venture …
( read original story …)


Posted on 16/08/2022

Dubai records over AED1.4 billion in real estate transactions Monday

Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, data …
( read original story …)


Posted on 15/08/2022

Dubai Gold and Commodities Exchange brokerage firms can now join DFM as derivatives members

Dubai Gold and Commodities Exchange-licenced brokerage companies can acquire a range of DFM derivatives membership licenses, including trading brokerage, and trading and clearing brokerage …
( read original story …)


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