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Tag: finance

Posted on 21/01/2022

Rivalry Hasn’t Put Lid on Saudi Appetite for UAE IPOs

Intensifying competition with the United Arab Emirates hasn’t stopped Saudi investors from pouring cash into Abu Dhabi’s listing boom, with Dubai’s anticipated deals also in their sights.Most Read …
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Posted on 21/01/2022

UAE: Individuals infected with Covid-19 can donate blood after 10 days

This comes after a reminder to citizens and residents that anyone who has been infected with Covid-19 can safely donate blood 10 days after positive result if asymptomatic and if symptomatic he can …
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Posted on 21/01/2022

UAE – Sharjah Islamic Bank’s net profit up 27%

Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in 31st December 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The Bank …
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Posted on 21/01/2022

UAE participates in 7th Annual Meeting of Arab Finance Deputies

ABU DHABI, 20th January, 2022 (WAM) — The UAE participated in the seventh Annual Meeting of Arab Finance Deputies, which was organised by the …
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Posted on 21/01/2022

UAE – First Abu Dhabi Bank to partner with Thomas Murray

First Abu Dhabi Bank (FAB) has announced that it will partner with Thomas Murray, a UK-based post-trade and technology company who provide guidance on local markets rules and regulations as well as …
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Posted on 21/01/2022

Nine-member ‘gang’ guilty of money laundering in UAE referred to court

Authorities in the United Arab Emirates have rounded up nine suspects who have been found guilty of laundering funds collected from “theft and fraud …
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Posted on 20/01/2022

UAE Central Bank Governor meets Yemeni counterpart

Senior officials from both central banks also attended the meeting, according to a CBUAE statement on Thursday. During the meeting, the two sides discussed the co-operative bilateral relations between …
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Posted on 20/01/2022

Kyrgyzstan expat racks up Dh450k in savings over 2 decades to start a UAE beauty business

From managing beauty shops in Afghanistan to setting up her own firm in Dubai Kyrgyzstan expat Cholpon Djusueva racked up Dh450,000 in savings over the last two decades to start a beauty business in …
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Posted on 20/01/2022

Rising IPO tide could lift all Gulf boats

Riyadh, Abu Dhabi and Dubai are fighting it out to be the region’s listing venue of choice. But recent evidence suggests much greater foreign investor interest in Gulf IPOs in general than previous …
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Posted on 20/01/2022

FSS partners with UAE’s first digital banking platform

Under the partnership, YAP and FSS would work to deliver greater value to customers by combining the FSS Unified Card Issuance Platform with emphasis on virtual card issuance and support 3D secure …
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Posted on 20/01/2022

UAE: Phone scam gang to stand trial for money laundering

A gang of nine has been referred to court on charges of money laundering. According to the UAE Public Prosecution, the gang used funds from theft and fraud operations to carry out the crime.
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Posted on 20/01/2022

UAE financial sector ready to boost sustainable funding in sync with net-zero goals

The UAE’s financial sector is aligned with the country’s net-zero goals and boosting the availability of green financing to local businesses to accelerate sustainable economic development in sync with …
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Posted on 20/01/2022

Dubai jobs: Leading bank to hold walk-in interviews; salary up to Dh5,000

A leading bank in the UAE is hiring sales officers for its credit cards and auto loans department, offering up to Dh5,000 salary plus other benefits.The candidates applying for the job should have …
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Posted on 20/01/2022

Dubai: Mortgage transactions reach all-time high of Dh127 billion in 2021

The mortgage market in Dubai experienced a record-breaking year in 2021 as the total number of mortgage transactions registered with the Dubai Land Department reached 19,520, exceeding the previous …
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Posted on 20/01/2022

Dubai mortgage transactions break records in 2021

Dubai’s mortgage market broke records in 2021, with the total number of transactions registered with Dubai Land Department reached 19,520, exceeding the previous high in 2017 by 26%. Q1 2021 had the …
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Posted on 20/01/2022

UAE’s 4th Industrial Revolution strategy focuses on advancing national economy

IDC estimated that public cloud services adoption is accelerating at a CAGR of 28 per cent year on year between 2020 and 2025 in the UAE …
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Posted on 19/01/2022

5 ways to protect investments from inflation and make profits in times of crisis

Even if your money is growing in value, inflation has always been one such risk that can still reduce the bottom line value of your investments. Moreover, with inflation soaring globally currently to …
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