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Tag: finance

Posted on 10/10/2022

National Bank of Fujairah partners with Finverity to grow supply chain and receivables finance book in MENA

The first partner in the region is Redington Gulf, the largest technology distributor in the Middle East and Africa.
( read original story …)


Posted on 10/10/2022

UAE FinTech Mamo receives regulatory approval in DIFC

The licence allows Mamo to further expand its products and services without user restrictions and provide unmatched security while fully complying with DFSA rules …
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Posted on 10/10/2022

Outlook: Top banks in the UAE are set to post higher Q3 net profit

Most UAE banks are expected to post higher net profit in Q3 2022, supported by higher interest rates and lower provisioning. Their performance in first-half 2022 had improved substantially on the back …
( read original story …)


Posted on 09/10/2022

UAE’s Commercial Bank International announces launch of metaverse location

As part of the bank’s agenda to further explore the metaverse, CBI, in partnership with homegrown UAE burger brand Pickl, will showcase a real time metaverse use case at the eve …
( read original story …)


Posted on 09/10/2022

Commercial Bank International first UAE bank to launch Metaverse location

CBI is the first UAE bank to have presence in the Metaverse and among the few early banks in the Middle East and the world as well …
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Posted on 08/10/2022

UAE’s Burjeel Holdings sets final share price; to raise nearly $300mln in IPO

UAE-based private healthcare service provider Burjeel Holdings has set the final price share at AED 2.00 ($0.54) per share potentially raising AED 1.1 billion ($299.5 million) in its IPO. The company …
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Posted on 08/10/2022

Metaverse in Dubai: Airport Freezone to launch METADAFZ

Dubai Airport Freezone is set to be the latest company to join the metaverse in Dubai. Metaverse in Dubai: Airport Freezone to launch METADAFZ Commercial Bank International, DAFZA, Dubai Integrated …
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Posted on 08/10/2022

Commercial Bank International to launch metaverse location

CBI’s virtual location is now open for visitors and can be found in Decentraland at cbi.dcl.eth or (63, -127) using the Decentraland map coordinates …
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Posted on 08/10/2022

UAE: Remittances jump as currencies fall, US dollar surges

“Most expatriates, especially Asians and Europeans residing in the UAE, are taking advantage of a weaker currency … According to statistics released by the World Bank in May 2022, remittance inflows …
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Posted on 08/10/2022

UAE: Burjeel Holdings drums up strong interest for IPO priced at bottom of range

Burjeel Holdings, a private healthcare services provider operating an integrated network of hospitals and medical centres across the UAE and Oman, priced its AED1.1bn (US$300m) IPO at AED2.00 per …
( read original story …)


Posted on 07/10/2022

Top firms to watch out for at Dubai’s Fintech Surge 2022

Fintech Surge 2022, the MENA region’s finance and innovation event, is set to return to Dubai World Trade Centre from October 10-13, 2022. An integral part of Gitex Global 2022, the four-day event is …
( read original story …)


Posted on 07/10/2022

Commercial Bank International is first UAE lender to launch metaverse location

CBI’s virtual location can be accessed by visitors via Decentraland Commercial Bank International is first UAE lender to launch metaverse location Banks and metaverse, Commercial Bank International, …
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Posted on 07/10/2022

UAE: Help! My credit card got hacked and I lost Dh23,000 plus

Regarding the transaction, they asked me to fill a dispute form and email it to their help desk, which I did. Emirates Islamic has returned only Dh15,314.83 to my credit card account on June 20, and …
( read original story …)


Posted on 07/10/2022

UAE investors can ‘mobilise $100bn for sustainable investing’

About 38 per cent of investors in the UAE cited climate change and carbon emissions as their top ESG priority, a Standard Chartered report said. . Ret …
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Posted on 07/10/2022

Dubai records over $539mln in realty transactions on Thursday

DUBAI: Dubai real estate market recorded 418 sales transactions worth AED 1.29 billion, in addition to 92 mortgage deals of AED659.9million, and 13 gift deals amounting to AED34.74 million on Thursday …
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Posted on 07/10/2022

United Arab Emirates Embedded Finance Markets Databook 2022: 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments, 2020-2029

The “United Arab Emirates Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” report has been …
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Posted on 06/10/2022

UAE’s retail investors can raise Dh367b for ESG funding

A new research by Standard Chartered also identified over Dh30 trillion of investable retail wealth that could be channelled into sustainable investments by 2030 to …
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