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Tag: finance

Posted on 02/11/2021

Central Bank of the UAE establishes Cyber Security Operations Centre

The Centre will be the leading security operations for the UAE’s financial sector Explainer: What is the metaverse and why is everyone talking about it? Abu Dhabi: The Central Bank of the UAE (CBUAE) …
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Posted on 02/11/2021

UAE Central Bank’s new cyber security centre to combat financial crime

The UAE Central Bank has established a new Networking and Cyber Security Operations Centre to help defend the financial system’s IT infrastructure against cyber attacks. The centre will be situated at …
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Posted on 02/11/2021

UAE: Criminalisation of bounced cheques to be replaced by preventive measures

In addition to the decriminalisation of cheques issued without funds, the new amendment also made a partial payment of cheque mandatory for banks, unless the drawee rejects it. The amendments replace …
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Posted on 02/11/2021

ActTrader voted as the ‘The Best Multi-Asset Platform’ at The Forex Expo, Dubai 2021

ActTrader, now a Finvasia Group Company, won this year’s best Multi-Asset Platform award at largest trading event in the MENA region – The Forex Expo, Dubai 2021. The award recognises businesses that …
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Posted on 02/11/2021

Dubai Seeks to Boost Flagging Market by Listing 10 State Firms

Dubai plans to list 10 state-owned companies on its stock exchange to boost the size of its financial market to 3 trillion dirhams ($817 billion) as the Middle East’s business hub seeks to catch up …
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Posted on 02/11/2021

Dubai announces listing of 10 govt, state-owned companies on DFM

Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, and Deputy Prime Minister and Minister of Finance of the UAE, has announced the listing of 10 government and state-owned …
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Posted on 02/11/2021

Dubai Financial Market lists10 new companies

A total of 10 government and state-owned companies have been listed on the Dubai Financial Market (DFM) as part of accelerating new listings in various sectors including energy, logistics and retail, …
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Posted on 01/11/2021

Dubai to launch Dh2 billion fund to boost liquidity in the markets

Dubai on Monday announced plans to launch a Dh2 billion ($544.6 million) market-maker fund to boost trading on the stock market. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of …
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Posted on 01/11/2021

Empower buys Dubai airport’s district cooling system for Dh1.1 billion

The Emirates Central Cooling Systems Corporation (Empower), the Dubai-based district cooling services provider, has acquired the district cooling systems of Dubai International Airport with a total …
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Posted on 01/11/2021

UAE set to decriminalise most bounced cheque cases from January

The UAE Central Bank said on Monday that new amendments will come into force in January, effectively decriminalising the issue of bounced cheques except for the most serious cases. Abdullah bin Touq …
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Posted on 01/11/2021

Reno6 Pro 5G: Energise your passion during Dubai Fitness Challenge

The new OPPO smartphone will be your perfect companion as you pedal against the backdrop of iconic landmarks at Dubai Ride on November 5 or participate in some of the many action-packed activities …
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Posted on 01/11/2021

UAE’s Emirates Food Industries to undertake secondary listing on ADX

Abu Dhabi-headquartered food, dairy and agriculture company Emirates Food Industries, is undertaking a secondary listing of its share (ADX). The company, owned by National Holding, is working on …
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Posted on 01/11/2021

For these Indian ‘unicorns’, the UAE is where deals get struck

Dubai: For India’s startups, the UAE and Gulf are the go-to places for expansion – and raise new funds, if possible. That is the script two of India’s unicorns are planning to follow. “UAE and the …
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Posted on 01/11/2021

Abu Dhabi’s Biggest Islamic Bank Weighs Merger Deals Outside UAE

Where Crypto, Gaming and Capitalism CollideCan a New Mayor Fix Seattle’s Downtown?The Best New Restaurants in Washington, Chosen by Top ChefsThe Terrifying Rise of Haunted TourismIn Minneapolis …
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Posted on 01/11/2021

Next UAE public bank holiday dates announced

You’ve not got long to wait for a four-day weekend. Next UAE public bank holiday dates announced. UAE public holidays 2021. News.
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Posted on 01/11/2021

New UAE draft leasing law ready for approval

The way we build up our ranks of equipment has changed dramatically over the past decade but the pace of that change could be set to ramp up even further in the UAE with the onset of new leasing regul …
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Posted on 01/11/2021

ADIB seeks M&A deals in UAE and GCC to expand asset base

Abu Dhabi Islamic Bank, the biggest Sharia-compliant lender in the emirate, is looking for merger and acquisition opportunities in the UAE, the GCC and markets beyond the region, as it seeks to …
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