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Tag: finance

Posted on 15/09/2022

Ministry of Finance signs a MoU with the UAE Internal Auditors Association

The Ministry of Finance (MoF) signed a memorandum of understanding (MoU) with the UAE Internal Auditors Association (UAE-IAA) for a period of three years, and it will automatically renew. The MoU, …
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Posted on 15/09/2022

Wio Bank PJSC officially launches in the UAE

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
( read original story …)


Posted on 15/09/2022

UAE’s MetaFi raises $3 million

UAE-based metaverse startup MetaFi, has raised $3 million from DoublePeak Group, Maven Capital, OKX Blockdream Ventures, …
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Posted on 15/09/2022

Wio launches ‘platform bank’ in UAE

Wio Bank has launched as the first “platform bank” in the UAE, offering apps, embedded finance and BaaS offerings in the region.
( read original story …)


Posted on 14/09/2022

Dubai plans to increase Salik IPO size, report says

UAE Strategic Investment Fund, Dubai Holding, Shamal Holding and The Abu Dhabi Pension Fund will be the cornerstone investors …
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Posted on 14/09/2022

Digital Bank Wio Launches in UAE

State-backed digital bank Wio announced Tuesday its official launch in the United Arab Emirates, becoming the first platform bank in the region. This step aims to transform banking operating models …
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Posted on 14/09/2022

Dubai records another high of $517 million in realty transactions on Tuesday

Villas and apartments dominated the sales with 286 villas and apartments worth AED600.16 million being sold Dubai records another high of $517 million in realty transactions on Tuesday Dubai, Dubai …
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Posted on 14/09/2022

Dubai records over $517mln in realty transactions on Tuesday

DUBAI: Dubai real estate market recorded 344 sales transactions worth AED1.77 billion, in addition to 67 mortgage deals of AED115.99 million, and 48 gift deals amounting to AED63.51 million on Tuesday …
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Posted on 14/09/2022

Dubai Investments announces interim dividend of 7.5%

This interim dividend was the result of the group’s divestment of 50 per cent equity interest in Emirates District Cooling (Emicool) LLC.
( read original story …)


Posted on 14/09/2022

Wio Bank officially launches in UAE

Wio Bank PJSC has announced its official launch in the UAE, becoming the first platform bank in the region, aiming to transform banking operating models to..
( read original story …)


Posted on 13/09/2022

UAE committee meets to discuss general budget draft for fiscal 2023

Provided by The committee discussed the federal government’s cash flows for the 2022 and 2023 fiscal years. Photo: Dubai Media Office . The UAE General Budget Comm …
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Posted on 13/09/2022

State-backed digital bank Wio debuts in the UAE, aims to focus on SMEs

The “platform bank” will set its focus initially on small and medium enterprises and is set to launch a range of apps that will offer seamless banking services to individuals and businesses alike …
( read original story …)


Posted on 13/09/2022

UAE to present ambitious, inclusive and solutions-oriented approach to the global climate summit in 2023: minister

The country will also work closely with Egypt, which will host the upcoming COP27 in Sharm el Sheikh in November, to support momentum for greater climate progress UAE to present ambitious, inclusive …
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Posted on 13/09/2022

Region’s first platform bank Wio Bank PJSC officially launches in the UAE

Wio Business for SMEs to provide easy banking, enable business growth and empower customers Abu Dhabi, UAE: Wio Bank PJSC announced today its official launch in the UAE, becoming the first platform …
( read original story …)


Posted on 13/09/2022

Dubai’s $817 Million Road-Toll Operator IPO Covered Within Hours

Dubai is looking to raise $817 million in the initial public offering of its road-toll collection system, the third listing in the emirate this year.Most Read from BloombergThe World’s Hottest Housing …
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Posted on 13/09/2022

Bank of America moves some of its Russia-based bankers to Dubai – sources

Bank of America (BofA) is moving some of its Russia-based bankers to Dubai, two sources told Reuters, following a move by several Western banks this year to relocate staff in the wake of the …
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Posted on 13/09/2022

Latest UAE central bank T-Bond issue oversubscribed close to 6 times, gets bids worth $2.3 billion

The overwhelming response to the bond issue is attributed to the attractive market driven prices – a spread of 8 basis points (bps) over US Treasuries for two years, and a spread of 20 bps over US …
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