First Abu Dhabi Bank is in talks with Brookfield Asset Management to sell its payments unit called Magnati. In 2015, Warburg Pincus and General Atlantic bought a stake in Network …
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Meet the Gen Zs who have built significant wealth in their 20s
At only 25, Queenie Tan has a net worth of 494,899 Australian dollars ($357,026), which she built along with her 30-year-old partner Pablo over a span of six years.Her net worth was more than …
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Dubai stocks gains, lifted by Dewa’s expected IPO
lifted by the news of Dubai Electricity and Water Authority (Dewa) expected initial public offering (IPO) early next month. In addition, investors also priced in geopolitical developments in Europe on …
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Saudi Arabian miner Al Masane Al Kobra set to raise up to $333mln in IPO
DUBAI- Saudi Arabia’s Al Masane Al Kobra Mining Co is set to raise up to 1.25 billion riyals ($333.18 million) in its initial public offering, after the company disclosed it indicative price range on …
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Investors punish Home Depot despite solid 4Q; Dubai still has the world’s busiest airport
Home Depot saw its sales remain strong in its fourth quarter as i Even so, its stock slumped 8.9 percent helped drag down the S&P 500 over concerns about the home-improvement retailer’s profit margins …
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UAE-based angel investors invest in IMAN’s $1 million Seed round
A group of UAE-based angel investors has participated in Uzbek-based fintech startup IMAN’s $1 million Seed round. The …
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UAE-based teachers build world’s first financial intelligence hub
Two UAE-based teachers have fused EdTech with FinTech to create the world’s first financial intelligence hub — complete with a learning resource and a smart money management app. The purpose-built …
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UAE’s First Abu Dhabi Bank set to sell $500 million sukuk
Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, KFH Capital, Saudi National Bank, Sharjah Islamic Bank, Standard Chartered and The Islamic Corporation for the Development of the …
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Saudi Arabian miner Al Masane Al Kobra set to raise up to 1.25 billion riyals in IPO
Saudi Arabia’s Al Masane Al Kobra Mining Co is set to raise up to 1.25 billion riyals ($333.18 million) in its initial public offering, after the company disclosed it indicative price range on …
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Emirates Development Bank and Dubai Islamic Bank team up to fund UAE SMEs
helping them have easier access to finance. “Emirates Development Bank is committed to supporting the UAE’s economic diversification strategy. To achieve this, one of the pivotal steps is to bridge …
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Dubai-owned B2B marketplace Tradeling is out to win the percentage game
Image Credit: Supplied Dubai: The Dubai Government backed B2B … and making it easier for buyers on the portal to tap trade finance, Tradeling wants to reshape the B2B space in favour of online …
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UAE – Mohammed bin Rashid receives credentials of new ambassadors
Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, H.H. Sheikh Ahmed bin …
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Mohammed bin Rashid, Mohamed bin Zayed discuss UAE’s future development plans
The meeting was attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
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UAE: Reader needs a cheque book, but bank refuses to open a current account
It’s the bank’s sole discretion to approve all applications … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get …
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RAKBANK joins UAE Trade Finance Gateway
has teamed up with RAKBANK to boost SME financing through collaboration under the UAE Trade Finance Gateway, a digitised platform that helps exporters and re-exporters based in the country to obtain …
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New UAE app lets you know if a cheque is likely to bounce
A new app launched in the UAE allows both businesses and individuals to instantly know if a cheque issued through a UAE-based bank is likely to bounce. ChequeScore predicts the likelihood of a cheque …
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UAE Energy Firms Are Investing Billions In New Oil Operations
Several UAE energy firms are hoping to boost their oil output in the coming years, aiming to meet ongoing international demand as other world powers move away from fossil fuels to renewable …
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