IIF forecasts much higher growth for UAE than IMF’s latest estimates Dubai: GDP growth for the UAE economy could hit 6.3 per cent in real terms to $483. 4 billion this year, according to Institute of …
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UAE: Bank ordered to pay customer over $700,000 after SIM card swap fraud
The court ruled that the transfers would not have happened if the personal details of the client were not leaked …
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Higher oil prices boost UAE banks’ liquidity
The UAE banks have strong liquidity with liquid assets at 38 per cent of total assets as of December 2021, up from 36 per cent as of December 2020, …
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Rashid Ali bin Obood appointed CEO of public debt management in Dubai’s finance department
Dubai: Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, has appointed Rashid Ali bin Obood Al Falasi as the CEO of Public Debt Management …
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Moelis Wins Role on Third Dubai Listing With Empower Mandate
Moelis & Co. to work on its initial public offering that’s planned for later this year, according to people familiar with the matter. Known as Empower, the company has been working with Moelis on …
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UAE: Bank ordered to pay customer Dh9.5 million after SIM card swap fraud
The court ruled that the transfers would not have happened if the personal details of the client were not leaked …
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Dubai free zone operator Tecom plans book-build for IPO
Tecom, which operates Dubai’s internet and media cities, will also list on DFM Dubai: Dubai’s Tecom Group, the business park operator that houses offices of more than 6,000 companies, approved a plan …
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UAE’s planned dirham T-bonds is key to develop debt market, diversify funding
The UAE government’s planned launch of its first dirham-denominated treasury bonds is an important step as it is a key enabler for the development of the nascent domestic Debt Capital Market (DCM) and …
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FirstCry to raise $1 billion via IPO; Kotak Mahindra Capital, Morgan Stanley on board
Multiple sources confirmed to Moneycontrol that preliminary discussions with investment banks over the IPO had already started.
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How to build a hedge fund
Hedge funds employ various investment strategies in an effort to … Let us create a solution tailored for your needs. Get in touch with our Dubai-based team by phone or email to discuss your …
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London Beats Dubai as Top City for Foreign Investment in Finance
London attracted more foreign investment in finance firms than any other city last year, underlining the Square Mile’s attraction to investors even after the U.K.’s departure from the European Union.
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UAE legitimize the crypto currencies, a good signal for Russia amid sanctions
The International Finance Center, based in the Abu Dhabi Global Market, has welcomed the crypto exchange crackdown into the financial ecosystem in light …
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Dubai Islamic Bank, flydubai sign agreement to facilitate air travel for bank’s customers
Dubai Islamic Bank and flydubai signs agreement to facilitate Air Travel for Bank’s customers. With COVID 19 cases dropping worldwide and increase in air travel have triggered air fares to increase …
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Eid Al Fitr break in UAE: Holidays for banking sector announced
The UAE’s banking sector will mark Eid Al Fitr holidays from 29th of Ramadan till 3rd of Shawwal. The banks are scheduled to resume work on the 4th of Shawwal, UAE Barq reported on Monday. Based on …
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UAE among world’s top markets with highest trust in the financial services sector
The study identifies increased use of technology as a major trust factor, simplifying investing by improving access to markets and information …
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UAE banks’ financial soundness measures remain robust: Central Bank
Direct liquidity support to UAE banks under TESS programme will end in June Dubai: Financial soundness indicators of UAE banks are robust and improving as the economy picks up momentum, according to …
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Emirates Development Bank signs financing pact with Dubai’s food technology hub
Abu Dhabi-based Emirates Development Bank (EDB) has signed an initial agreement with Food Tech Valley, to provide financing for small and medium enterprises and start-ups operating within the Dubai …
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