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Tag: finance

Posted on 15/02/2022

UAE’s small businesses can be given priority lending support

The UAE’s need to alleviate this problem is clearly … However, apart from recently reinvigorating the Emirates Development Bank and directing it to support SMEs, little else is evident on …
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Posted on 15/02/2022

UAE banks to benefit from planned interest rates increase by US Fed, S&P says

UAE banks are expected to benefit from the planned increase in interest rates by the US Federal Reserve due to higher profitability, according to a report from S&P Global Ratings. The Central Bank of …
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Posted on 15/02/2022

UAE sovereign wealth funds with combined assets of $1.4 trillion top GCC

Abu Dhabi Investment Authority ranked fourth globally witth $697.86 billion Abu Dhabi Investment Authority (ADIA) building. Adia is ranked fourth in the global ranking with an estimated assets of …
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Posted on 15/02/2022

New UAE digital bank Zand wins backing from Franklin Templeton, Aditya Birla

Zand is owned by Mohammed Alabbar and has LuLu Group founder as a key investor Dubai digital bank Zand already had a roster of high-profile investors, including Yussufali of LuLu Group.
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Posted on 15/02/2022

Dubai Islamic Bank lists $750 million Sukuk on Nasdaq Dubai

Image Credit: Supplied Dubai Islamic Bank on Tuesday listed a $750 million Sukuk on Nasdaq Dubai. The new five-year Sukuk issuance is part of the lender’s $7.5 billion Sukuk programme.
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Posted on 15/02/2022

DEWA’s Hassyan plant adds 1.2 GW gas-fired power to Dubai grid

Production capacity of the Hassyan power complex in Dubai has reached 1,200 MW … Vaar Energy to be priced at bottom of IPO range Feb 14 – Eni spin-off Vaar Energy will be listed at the Oslo stock …
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Posted on 15/02/2022

FibSwap Announces Partnership with Clover Finance

Dubai, United Arab Emirates–(Newsfile Corp. – February 15, 2022) – FibSwap joins forces with Clover Finance , exposing FibSwap’s decentralized exchange to more than 100,000 wallets. FibSwap DEx …
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Posted on 15/02/2022

UAE bank taps Israeli fintech firm ThetaRay for fraud detection tools

The United Arab Emirates’ oldest private banking institution, Mashreq Bank PSC, has tapped Israeli fintech company ThetaRay, a developer of software that mimics human intuitive decision-making to …
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Posted on 15/02/2022

Turkey, UAE sign 13 cooperation deals to boost long-strained ties

finance and trade. Last month the two countries agreed on a nearly $5 billion swap deal in local currencies. “During this visit, we aim to develop the momentum we have captured with the United Arab …
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Posted on 15/02/2022

UAE keen to strengthen partnership with Turkiye, says crown prince

The United Arab Emirates (UAE) is keen to strengthen its partnership with … Both countries also signed several agreements on energy, environment, finance, and trade. * Writing by Ibrahim Mukhtar in …
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Posted on 15/02/2022

UAE jobs: Most in-demand roles, skills in 2022 76% companies to hire new employees

Banking/finance, advertising/marketing/public relations and IT/internet/e-commerce emerge as the industries that attract or retain top talent in the UAE.
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Posted on 15/02/2022

British businessman imprisoned in Dubai accuses Islamic bank of trying to “punish” him

A British businessman imprisoned for fraud in Dubai has accused the world’s oldest Islamic bank of seeking to “punish” him with another 20 years behind bars despite having completed his original …
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Posted on 14/02/2022

‘UAE seeks to enhance political, economic ties with Turkey’

At the same time, Turkish investments in the UAE reached $310 million in 2019. During the high-level visit of Abu Dhabi Crown Prince bin Zayed to Turkey in November last year, 10 agreements were …
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Posted on 14/02/2022

Market movers: Zomato inching closer to IPO price; another shocker for SpiceJet

One prime example is Zomato, once a multibagger, now inching closer to its initial public offering (IPO) price of Rs 76 … capacity in Sanand and packaging films lines in Karnataka and Dubai.
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Posted on 14/02/2022

Dubai’s Mashreq picks Israeli firm to help detect financial fraud

Israel-based ThetaRay plans to roll out AI-driven solutions to help Mashreqbank, Dubai’s third-biggest lender, detect financial fraud during cross-border payment transfers. Mashreqbank is ThetaRay’s …
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Posted on 14/02/2022

What to Expect at the iFX EXPO Dubai 2022

About The Organisers With over 10 years’ experience in the space, iFX EXPO organisers Ultimate Fintech have plenty of fintech and finance shows under their belt. With past shows running in Cyprus, …
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Posted on 14/02/2022

Dubai SME and Khalifa Fund announce collaboration to leverage Gulfood

Khalifa Fund for Enterprise Development (KFED) and Dubai SME are collaborating to enable UAE SMEs to network with international vendors at Gulfood 2022, the world’s largest food and beverage trade …
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