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Tag: finance

Posted on 26/12/2021

UAE – Ajman’s Department of Finance bags ‘Most Innovative Digital Initiative in Finance 2021’ by Global Business Outlook

Ajman’s Department of Finance has been awarded the ‘Most Innovative Digital Initiative in Finance 2021’, for its digital wallet and contributions in supporting digital transformation by Global …
( read original story …)


Posted on 25/12/2021

The Potential of Islamic Finance to SMEs Products Made by Disabilities Community Attracts Investors’ Attention in Dubai

Dr. Sutan Emir Hidayat, Director of Islamic Economy Infrastructure Ecosystem brings sharia economy topics in business forum at Indonesia Pavilio …
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Posted on 24/12/2021

UAE’s Tabreed inks deal to invest $400m in Indian district cooling plan

The National Central Cooling Company (Tabreed) has entered into a partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to invest about $400 million in India …
( read original story …)


Posted on 24/12/2021

Didi’s Early Investors Get Window to Exit After Disastrous IPO

The end of a lock-up period after a new listing is often a triumphant time when pre-IPO investors can cash out and book profits. For Didi Global Inc., whose shares have lost more than half of their …
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Posted on 23/12/2021

Businessman pledges Dh10 million to help fund Dubai’s new cancer hospital

A grateful businessman has pledged Dh10 million for the construction of a pioneering Dubai cancer hospital to commemorate his wife’s own battle with the disease. Yaseen M Jaffer, chief executive of …
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Posted on 23/12/2021

Digital bank Zand set to launch after Dubai Bank acquisition

The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai …
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Posted on 23/12/2021

UAE: New Dh50 polymer note is official currency; here are 13 features that make it special

The new Dh50 polymer banknote is an official currency, the UAE Central Bank said on Thursday. The banknote, released as part of UAE’s Year of the 50th celebrations, has been distributed to banks and …
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Posted on 23/12/2021

New Dhs50 polymer banknote is an official currency, says UAE top bank

The Central Bank of the United Arab Emirates (CBUAE) has announced that the new Dhs50 polymer banknote is an official currency and to be used alongside the paper banknote of the same value, currently …
( read original story …)


Posted on 23/12/2021

UAE: New Dh50 polymer banknote is now an official currency

The Central Bank of the United Arab Emirates (CBUAE) has announced that the new Dh50 polymer banknote is an official currency and to be used alongside the paper banknote of the same value, currently …
( read original story …)


Posted on 23/12/2021

Dubai ruler to pay £550m in UK’s ‘most expensive divorce’, had ‘targeted ex-wife with Pegasus’

Maktoum’s divorce settlement with Princess Haya includes payment of £251.5 million & a £290 million bank guarantee for annual payments.
( read original story …)


Posted on 23/12/2021

UAE: Expat wins Dh10 million in Mahzooz draw; has no plans to quit job

But when I opened the email and realised I had won Dh10 million, I was speechless. I had scored the winning goal of a lifetime! I closed and opened my Mahzooz app multiple times to confirm I actually …
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Posted on 23/12/2021

UAE’s new digital bank Zand set to launch ‘imminently’ after Dubai Bank acquisition

The shareholders of Zand, the upcoming digital bank in the UAE, have acquired the majority of shares in Dubai Bank from Emirates NBD. The move will support the “imminent” launch of the new bank, which …
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Posted on 23/12/2021

UAE – India: MapmyIndia founders now worth $586 million following IPO debut

And their net worth shot up to $586 million on Tuesday. “Our data modeling is our key IP and that’s what gives us a head start in this field,’ Rakesh told the media recently.“We’ve mapped 99.99 per …
( read original story …)


Posted on 23/12/2021

UAE jobs: Emirates, flydubai hiring for multiple vacancies

Dubai airlines to recruit several employees over coming months By Waheed Abbas Published: Wed 22 Dec 2021, 5:19 PM Last updated: Wed 22 D …
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Posted on 22/12/2021

Saudi Arabia’s CMA approves IPO application of digital security firm Elm

Saudi Arabia’s Capital Markets Authority (CMA) said on Wednesday it has approved an initial public offering digital security firm Elm, which is owned by the kingdom’s sovereign wealth fund.
( read original story …)


Posted on 22/12/2021

Al Ansari Exchange wins Dubai Chamber’s MRM Customer Excellence Award

In recognition of its commitment to deliver outstanding customer experiences, Al Ansari Exchange, the UAE-based foreign exchange a …
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Posted on 22/12/2021

Digital bank Zand set for ‘imminent launch’ after Dubai Bank deal

The shareholders of Zand, the first digital bank in the UAE to provide both retail and corporate services, have completed the acquisition of the majority of shares in Dubai Bank ahead of its planned …
( read original story …)


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