After 5 weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation …
( read original story …)
UAE Glucometers Market 2022-2027: Rise in Demand for Non-Invasive Blood Glucose Meters Presents Opportunities – ResearchAndMarkets.com
UAE glucometers market is estimated to grow at a formidable CAGR during the forecast period. The market growth can be attributed to the rising incidences of diabetes and growing awareness among the …
( read original story …)
UAE Lamprell bidders extend $145mln financing, agree to make takeover offer
A consortium of potential buyers has provided a loan to the cash-strapped UAE-based oil rig builder Lamprell Plc that … 28 days from today–also include a $145 million secured bridge finance …
( read original story …)
UAE to support international efforts to curb spread of Covid-19
Al Hashimy participated in the Virtual Covid-19 Global Action Plan Foreign Ministerial Meeting, organised by Japan and the United States, with more than 30 countries and a number of specialist …
( read original story …)
UAE economy to grow at fastest rate in years on rising oil production
The UAE economy is set to grow at its fastest pace in years on the back of higher oil production and commitment to expand its manufacturing sector, according to the central bank. The country’s overall …
( read original story …)
United Bank for Africa Group expands to EMEA
(Executive Director, Treasury and International Banking, United Bank for Africa (UBA), Mr. Ndubisi Chiugo; Chief Executive Officer, Dubai International Financial Centre (DIFC) Authority, Prince Arif …
( read original story …)
Startup Spotlight: Predixa Is Helping Companies Across The UAE Unlock The Financial Value Of Diversity, Equity, And Inclusion
Helping companies realize the social, as well as financial value associated with achieving diversity, equity, and inclusion forms the crux of Predixa’s mission.
( read original story …)
Navya Raises €36m in Convertible Bonds With Stock Acquisition Rights to Finance Its Growth and Large-Scale Industrialization
NAVYA (Paris:NAVYA) (FR0013018041- Navya), an autonomous mobility systems leader, announced the signing of a funding agreement on July 20th with the Negma Group for a total nominal amount of €36 …
( read original story …)
France, United Arab Emirates sign deal on energy cooperation
France and the United Arab Emirates have signed an agreement on energy cooperation to ensure oil and gas supplies from the Gulf country …
( read original story …)
Branch-less banking is here to stay, according to this Dubai bank
With the rise of banking apps, it’s clear that in-person visits to the bank for everyday transactions are largely a thing of the past. Many millennials will tell you the only bank they need is the one …
( read original story …)
Pakistani rupee hits new all-time low against UAE dirham; will it fall further?
The Pakistani rupee’s free-fall continued on Wednesday, plunging below an all-time low of 61 against the UAE dirham due to political turmoil in the South Asian country. The rupee has been consistently …
( read original story …)
Have pending loans after you move back home? UAE experts explain to expats on what to know
“As a borrower, you are not legally expected to live in the UAE while your loans are not yet fully paid,” explained Abu Dhabi-based legal consultant Shamri Yousef. “Moreover, you …
( read original story …)
RBI’s new Rupee trade policy: Impact on UAE
The CEPA is forecast to increase bilateral trade between the two nations from the current levels to $100 billion over the next five years. This is a mutually beneficial partnership with the UAE …
( read original story …)
UBA Group expands to EMEA, launches banking operations in UBA DIFC, Dubai
The bank has extended its operations to the United Arab Emirates with the official launch of its new branch at the Dubai International Financial Centre (DIFC). United Bank for Africa Plc (DIFC Branch) …
( read original story …)
The Debt Panel: ‘Will my bank file a legal case for a bounced cheque?
However, to my dismay, the bank then deposited my loan guarantee cheque on June 27, which was eventually returned because of insufficient funds. I have never defaulted on a loan b …
( read original story …)
Banks ready to finance capital projects in Africa – Tony Elumelu declares at UBA Dubai opening
The founder of Tony Elumelu Foundation and Group chairman of Heirs Holdings, Tony Elumelu, has said banks in Africa have the financial mussle to support governments on the continent to accelrate their …
( read original story …)
French finance minister says country prepping for cutoff of Russian gas supply
French Finance Minister Bruno Le Maire tells CNN’s Becky Anderson about the energy deal France signed with the UAE and the advice he has for Europe to prepare for Russia cutting off its gas supply to …
( read original story …)