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Tag: finance

Posted on 04/03/2022

UAE: 10 ways expats can invest and grow their money

Dubai’s new savings scheme for expats in the public sector has turned the spotlight on the need to financially prepare for retirement. Studies have shown that many expat employees in the country don’t …
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Posted on 04/03/2022

Dubai’s Emirates NBD’s net profit rises by 34 per cent to Dhs9.3bn in 2021

With 98 per cent of transactions now through digital channels, we continue to be a leader in digital banking and innovation.” Nelson added: “We continue to maintain a strict control on expenses and …
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Posted on 03/03/2022

Capital Bank lists $100m AT1 bond on Nasdaq Dubai market

The bond is the first issuance of its kind for a Jordanian bank on the region’s international financial exchange Capital Bank lists $100m AT1 bond on Nasdaq Dubai market AT1 bond, bond issuance, Bond …
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Posted on 03/03/2022

UAE Approves 5,000 jobs for UAE Nationals in Banking, Insurance Sector

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), chaired the meeting of …
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Posted on 03/03/2022

UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York

Special Purpose Acquisition Company will focus on identifying tech-enabled financial services businesses in the MENAT region UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York …
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Posted on 03/03/2022

Russia-Ukraine conflict: Oil is closing in on $120/barrel and that will please UAE, Gulf investors

In Asia, investors seem reassured by Fed chief Powell’s take on rate hike Dubai: Oil prices are inching closer to $120 a barrel as markets fixate on whether there will be enough supply coming to feed …
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Posted on 03/03/2022

UAE set to create 5,000 jobs for Emiratis in banking by 2026

The Central Bank of the UAE (CBUAE) has approved the Emiratisation of managerial positions in the banking and insurance sectors, with plans to create 5,000 new jobs by the end of 2026, in coordination …
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Posted on 03/03/2022

UAE: 5,000 jobs in banking, insurance to be created by 2026

The board of the Central Bank of the UAE approved the Emiratisation of managerial positions in the banking and insurance sectors, by approving the creation of 5,000 new jobs by the end of 2026. This …
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Posted on 03/03/2022

Central Bank approves creation of 5,000 jobs for UAE nationals in banking, insurance sectors by 2026

The board approved the Emiratisation of managerial positions in the banking and insurance sectors in coordination with the Emirates Institute for Banking and …
( read original story …)


Posted on 03/03/2022

Here’s how UAE banks can protect real-time payments from fraud

Jeremy Wilmot, chief product officer at ACI Worldwide tells Gulf Business how the company is preparing to help UAE banks connect to the nation’s central real-time payments infrastructure …
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Posted on 03/03/2022

Dubai’s Shuaa Capital looks to raise $100m from Nasdaq IPO of SPAC

The SPAC will focus on identifying and merging with a technology or tech-enabled financial services business MENAT region.
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Posted on 03/03/2022

Dubai: New end-of-service savings scheme for expats announced

It will be headed by the General Secretariat of the Executive Council, and members include the Department of Finance, Dubai Government Human Resources Department, Government of Dubai Legal Affairs …
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Posted on 02/03/2022

UAE: What are the risks of purchasing an off-plan property?

Another reward of buying a property off-plan is that you might get the opportunity to influence the inside of the house, by choosing your own fixtures, fittings and finishes. If y …
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Posted on 02/03/2022

5,000 jobs to UAE nationals to be created in banking, insurance sectors by 2026

The board also approved an amendment to notifications regarding maximum fee limits Abu Dhabi: As many as 5,000 new managerial jobs for Emiratis will be created in the banking and insurance sectors by …
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Posted on 02/03/2022

5,000 new jobs for Emiratis in banking and insurance by 2026

The Central Bank has approved the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.The jobs, approved by Sheikh Mansour bin Zayed, Deputy …
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Posted on 02/03/2022

Dubai Islamic Bank shareholders approve $490m in dividend payments for 2021

The shareholders of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, approved Dh1.8 billion ($490 million) in dividend payments for 2021 following the bank’s strong performance …
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Posted on 02/03/2022

Dubai’s SHUAA partners Acquisition Corp I prices downsized $100M IPO

The company has downsized IPO by $100M, originally it intended to raise $200M by issuing 20M units. The units are expected to be listed on the NASDAQ today. Each unit consists of one Class A …
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