Can I Keep My Bank Account Open If I Leave Uae? In order to remain a resident account, you can request that the bank convert it. When a UAE resident leaves without closing his/her account as soon as …
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Is A Bank Loan Debt A Criminal Case In Uae?
What Happens If Bank Loan Not Paid In Uae? A person’s credit score is negatively affected by all the payments made in the past who have not paid off. In the long run, credit sco …
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Dubai throws open the doors for the rich Russians escaping sanctions
Among bankers, power brokers and global tycoons, the UAE has long been known as a receptive environment for investment that asks few questions. A residency permit and a bank account can be obtained in …
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Meet the expats living on a shoestring budget in the UAE to fulfil big dreams
Dubai: There are myriads of instances when the UAE has helped expats with ordinary jobs pursue extraordinary dreams. While thousands of tourists flock to Dubai and the UAE to tick …
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Does Uae Have A Desert?
Did Dubai Used To Be A Desert? During less than 50 years, Abu Dhabi became the world’s most beautiful desert city when it went from a desert backwater to one of the most awe ins …
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Dubai: Industry talent, leadership honoured at International Finance Awards
The International Finance Awards 2021, which recognises industry talent, leadership skills, industry net worth, and capability on an international platform, were presented at a glittering ceremony in …
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GBF LATAM 2022 examines growing importance of virtual assets in revolutionising finance and banking
Growing momentum behind digital banking in Latin America presents significant avenues for collaboration between industry players in the r …
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360tf: First Fintech in UAE to be awarded at the Global Banking & Finance Awards
We are delighted to have been awarded the ‘Best New Trade Finance Technology Provider UAE: 2022’ in the Banking and Finance awards. This is in recognition of our user-friendly and seamless Fintech …
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UAE company behind ambitious icebergs project wins patent from the UK
National Advisor Bureau Limited seeks to tow icebergs from Antarctica to the Fujairah coast as new sources of fresh water in the region UAE company behind ambitious icebergs project wins patent from …
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UAE banks are challenged by higher interest rates to recover defaulted loans
Under the earlier law, bounced cheques were treated as a criminal offence in the UAE and banks had the option of pursuing criminal proceedings against the defaulters in both th …
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Dubai’s $34 bln utility float tees up IPO drive
State-owned DEWA will be the emirate’s largest listing since 2007. Its pricing muscle and generous dividend are drawcards, as is the cheap valuation. That reflects the political desire for the debut …
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Dubai’s DEWA to Consider Increasing IPO Size on High Demand
Dubai’s main power and water company may increase the number of shares on offer in the city’s biggest new stock sale in 15 years, according to people familiar with the matter.
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How soon will DEWA IPO hit the ‘over-subscribed’ mark?
Bankers confirm that DEWA IPO has generated ‘unprecedented’ interest for loans Dubai: How soon will the DEWA IPO hit the ‘over-subscribed’ mark? There are bankers and market traders who say this …
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UAE – Dewa IPO: When will the first dividend of Dh3.1 billion be paid?
Dubai Electricity and Water Authority (Dewa) will pay Dh3.1 billion first dividend after the listing on the Dubai Financial Market later this year. According to Dewa’s prospectus, it intends to pay …
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Dubai’s Dewa IPO share sale begins: Here’s all that happened on March 24
Dubai’s biggest IPO opens, DEWA share to be priced between Dh2.25-Dh2.48 Dubai: Keep the offer price low and make it easy for a maximum number of investors to take part – that’s the strategy DEWA has …
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UAE, Latam poised to benefit from post-Covid business prospects
Around 300 bilateral business meetings were also held during the two-day forum that concluded on Thursday. It was organised by the Dubai Chamber of Commerce in …
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Mashreq Bank to support upcoming IPOs subscription on DFM
Mashreq Bank, one of the leading financial institutions in the UAE, will be offering its retail customers the opportunity to subscribe to upcoming initial public offerings (IPOs) on Dubai Financial …
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