GBS Dubai is offering special scholarships to Emirati and expatriate youth for fulfilling their aspirations. The inauguration ceremony was addressed by Stanley Johnson, who is the Chair of the Global …
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Advisers appointed for DEWA IPO
State utility Dubai Electricity & Water Authority (DEWA) has appointed US investment bank Moelis and local bank Emirates NBD to advise on DEWA’s planned initial public offering (IPO), according to …
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UAE Mashreq Bank’s 9-month net profit falls 25% to $72.14mln
Staff Writer UAE lender Mashreq Bank saw its net profit drop by a quarter in the first nine months of the year despite a robust growth in operating income. Total net profit for the period ending …
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UAE B2B e-commerce site Dubuy targets Africa for growth
Dubuy, an e-commerce platform by UAE global logistics provider DP World, has entered Kenya with plans to launch the business-to-business (B2B) site in more countries across the continent in the coming …
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Singapore and Abu Dhabi Complete Cross Border Digital Trade Finance Pilot
Singapore and Abu Dhabi (UAE), have completed a pilot of a “world’s first … electronic transferable records in international trade. Today, much global trade finance is analog or paper-based. This …
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ADFD provides Dhs73m to finance water supply system in Lesotho
Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development, signed an agreement with the Government of Lesotho to provide Dhs73 million …
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Fitch Affirms First Abu Dhabi Bank at ‘AA-‘; Outlook Stable
Fitch Ratings has affirmed UAE-based First Abu Dhabi Bank P.J.S.C.’s (FAB) Long-Term Issuer Default Rating (IDR) …
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Dubai’s Shuaa Capital to ‘broaden’ investment banking footprint: CEO
Dubai asset management firm Shuaa Capital looks forward to “broadening” its investment banking business as it posted a 40 percent year-on-year increase in net profit for the first nine months of the …
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Shenzhen Bowen Media Infotech Co.,Ltd.: JIN SHA Kong Gu Group to Invest $2 Billion in the UAE Finance, E-Commerce, and Real Estate Industries
Photo 1 According to the external disclosure of JIN SHA Kong Gu Group, the group plans to radiate the Middle East and North Africa, with Dubai as its core from 2021, integrate advantageous resources, …
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JIN SHA Kong Gu Group Took $2 Billion Strategic Investment Initiative for Developing UAE Fintech Industry
JIN SHA Kong Gu Group Took $2 Billion Strategic Investment Initiative for Developing UAE Fintech Industry Dubai, United Arab Emirates–(Newsfile …
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Dubai’s Mashreqbank hit with $100m fine in US over Sudan sanctions
WASHINGTON — New York financial regulators on Tuesday hit Dubai’s Mashreqbank with a $100 million fine due to transactions with Sudan that violated US sanctions, officials said.The fine was one of …
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Jersey and United Arab Emirates sign business deal
Jersey and the United Arab Emirates (UAE) have struck a new business deal, Jersey’s government has said. It has taken officials since 2018 to reach an agreement over the bilateral …
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Sheikh Maktoum meets Dubai-based businessmen to enhance public, private partnership
Sheikh Maktoum took Twitter to make the announcement. التقيت بمجموعة من رجال الأعمال وناقشنا سبل تعزيز الشراكة بين القطاعين الحكومي والخاص. لقاءاتنا مع رجال الأعمال مستمرة وفق نهج وتوجيه الشيخ محمد بن …
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Fitch Affirms Abu Dhabi Commercial Bank at ‘A+’; Outlook Stable
Fitch Ratings has affirmed Abu Dhabi Commercial Bank PJSC’s (ADCB) Long-Term Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook and Viability Rating (VR) at ‘bb+’. ADCB’s IDRs reflect an …
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UAE companies step up ESG compliance, look towards sustainable future
The efforts are in line with the nation’s vision to drive the sustainability agenda through strategic development policies …
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UAE, Jersey sign agreement on mutual promotion, protection of investments
Al Hussaini reaffirmed the UAE’s keenness to bolster its relations with various countries of the world by signing such agreements.
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UAE signs historic business pact with Jersey
The UAE signed a historic investment pact with Jersey on Wednesday to “help facilitate” financial flows between the two and offer investors “better protection”. The agreement – Jersey’s first …
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