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Tag: finance

Posted on 28/06/2022

TECOM Group completes Dubai’s most oversubscribed IPO, raising nearly $463 million

The demand, he added, was also reflective of investors’ “strong appetite” towards Dubai’s capital markets and overall economy. TECOM Group earlier announced it was listing 625 million ordinary shares …
( read original story …)


Posted on 28/06/2022

UAE Offers to Buy Shares in State Owned Companies on PSX

The United Arab Emirates (UAE) has offered to purchase minority shares in publicly traded state-owned enterprises at a negotiated price, as well as a seat …
( read original story …)


Posted on 28/06/2022

UAE and Gulf’s fintechs can help out with closing gender gaps

Gender parity is not only the right way, it also has the potential to untap significant economic value, adding up to $12 trillion to global growth, including $2.7 trillion to the …
( read original story …)


Posted on 28/06/2022

Don’t want to pay rent for an office for your UAE business? Try a flexi desk

A flexi desk may not be enough to apply for a business bank account in the UAE. • Your personal space may be restricted because you will spend or share desks or rooms with others.
( read original story …)


Posted on 28/06/2022

On bid to cut oil prices, what Macron has been told by UAE, Saudi

Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce …
( read original story …)


Posted on 28/06/2022

EDB a ‘key engine of UAE’s industrial transformation agenda’

Emirates Development Bank is one of the “key financial engines of the UAE’s industrial transformation and economic diversification agenda”, and has contributed significantly to the country’s economy, …
( read original story …)


Posted on 27/06/2022

BlueCrest Hires Ex-Citadel Trader Wheeler for Dubai Expansion

Billionaire Michael Platt’s private investment firm is expanding operations to Dubai, with former Citadel money manager Chris Wheeler among those hired.
( read original story …)


Posted on 27/06/2022

UAE: Will my salary be affected if I file a labour complaint?

According to MOHRE, this is the process that is followed when an employer or employee raises a labour dispute: 1. If an employer or an employee, or an eligible party on their beha …
( read original story …)


Posted on 27/06/2022

Dubai leads major Gulf bourses higher ahead of TECOM IPO

Major markets in the Gulf rose on Monday, in line with Asian stock markets on improved market sentiment, with the Dubai index leading the gains ahead of TECOM Group’s IPO.
( read original story …)


Posted on 26/06/2022

UAE Ministry of Finance receives bids worth AED 9.7 billion in second auction of Treasury bonds

The auction size of AED 1.5 billion was distributed over two tranches, including a two-year tranche of AED 750 million and a three-year tranche of AED 750 million UAE Ministry of Finance receives bids …
( read original story …)


Posted on 26/06/2022

Invest Bank launches multi-currency settlement service through Buna platform

The settlement of payments is done instantly for transfers to beneficiary banks participating in the platform.
( read original story …)


Posted on 25/06/2022

Pallapay – Revolutionary Way To Buy Or Sell Ethereum In Dubai For Cash Or Bank Transfer

(MENAFN- EIN Presswire) sell bitcoin in dubai. sell usdt in dubai. Crypto Payment Gateway for hotel and restaurant. DUBAI, DUBAI, UAE, June 24, 2022 /EINPresswire.com / — Welcome …
( read original story …)


Posted on 24/06/2022

UAE IPO growth hailed at HSBC-UAE Exchange summit

Connected the exchanges with international investors, Middle East policymakers and stakeholders from across the public and private sectors …
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Posted on 24/06/2022

UAE closes dollar bond issuance

The UAE’s Ministry of Finance has closed a US dollar-denominated bond issuance. The dual-tranche sovereign bond package is comprised of medium and long-term tranches: a 10-year tranche and a 30-year …
( read original story …)


Posted on 24/06/2022

Abu Dhabi Islamic Bank and Visa sign exclusive partnership deal

This agreement aims to grow digital payments in the UAE offering innovative experiences and products that deliver value to the bank’s diverse customer segments …
( read original story …)


Posted on 24/06/2022

UAE’s $3bn sovereign bonds 5 times oversubscribed

Dual-tranche $3 billion sovereign bonds issued by the UAE were five times oversubscribed, receiving more than $15bn in orders with the size doubled from an initial $1.5bn target, the Ministry of …
( read original story …)


Posted on 24/06/2022

UAE dual-tranche USD dollar bond issuance oversubscribed by 5 times

The UAE Ministry of Finance, has successfully closed its offering of a US dollar-denominated dual-tranche sovereign bond package, which is comprised of medium and long-term tranches: a 10-year tranche …
( read original story …)


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