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Tag: finance

Posted on 23/01/2022

Saudi digital security firm Elm seeks to raise up to $820 mln at IPO

Saudi Arabia’s digital security firm Elm said on Sunday it has set an indicative price range for its initial public offering, aiming to raise as much as 3 billion riyals ($820 million).
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Posted on 23/01/2022

Banking across the GCC: Carving out a new future

Growing customer awareness and the recent global health crisis have encouraged regional banks to ramp up their offerings.
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Posted on 23/01/2022

UK private credit manager opens Dubai office to launch Gulf growth

Pemberton, which has nearly $16 billion of assets under management, is seeking to attract new clients in the Middle East UK private credit manager opens Dubai office to launch Gulf growth assets under …
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Posted on 23/01/2022

Jerusalem Post hacked, Emirati ship seized in Red Sea

DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels seized an Emirati-flagged ship in the Red Sea, officials said Monday, the latest sign of Mideast tensions as hackers targeted a major …
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Posted on 22/01/2022

Jammu and Kashmir eyeing Dubai-based groups for funds

Governor’s administration in Jammu & Kashmir is pushing hard to convince Dubai-based investors to explore investment possibilities in the Union Territory, even as JSW Steel Ltd. and Apollo Hospitals …
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Posted on 22/01/2022

Maktoum bin Mohammed meets Singapore senior minister at Expo 2020 Dubai

Dubai: , Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, met on Saturday Teo Chee Hean, Singapore’s Senior …
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Posted on 22/01/2022

UAE: Workers hit Dh25 million jackpot after pooling in money to participate in draws

One such man is Haridasan Moothattil Vasunni, who hit the Dh25-million jackpot at the Big Ticket draw this month. Haridasan pooled in money to buy tickets to the draw along with his group of 14 Indian …
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Posted on 22/01/2022

Deem Finance and Mastercard introduce Limited Edition World Credit Card to Celebrate UAE’s Year of the 50th

Deem Finance and Mastercard have announced the launch of a one-of-its-kind Golden Jubilee Limited Edition World Cashbac …
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Posted on 21/01/2022

UAE bourses end higher on financial, telecom boost

Stock markets in the United Arab Emirates (UAE) closed in the green on Friday, with Dubai’s index buoyed by the financial sector and Abu Dhabi’s riding on the back of telecom gains.
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Posted on 21/01/2022

Saudi Money Is Back in UAE Just in Time for Dubai’s IPO Bonanza

Intensifying competition with the United Arab Emirates hasn’t stopped Saudi investors from pouring cash into Abu Dhabi’s listing boom, with Dubai’s anticipated deals also in their sights.Most Read …
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Posted on 21/01/2022

UAE, Turkey to sign new agreements during President Erdogan’s upcoming visit, Turkish Parliament Speaker says

The UAE and Turkey are expected to sign new agreements and “renew previous commitments” during the forthcoming visit of Turkish President Recep Tayyip Erdogan to the UAE next month, a senior Turkish …
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Posted on 21/01/2022

Rivalry Hasn’t Put Lid on Saudi Appetite for UAE IPOs

Intensifying competition with the United Arab Emirates hasn’t stopped Saudi investors from pouring cash into Abu Dhabi’s listing boom, with Dubai’s anticipated deals also in their sights.Most Read …
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Posted on 21/01/2022

UAE: Individuals infected with Covid-19 can donate blood after 10 days

This comes after a reminder to citizens and residents that anyone who has been infected with Covid-19 can safely donate blood 10 days after positive result if asymptomatic and if symptomatic he can …
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Posted on 21/01/2022

UAE – Sharjah Islamic Bank’s net profit up 27%

Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in 31st December 2021, an increase of 26.7% compared to AED405.8 million for the same period in 2020. The Bank …
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Posted on 21/01/2022

UAE participates in 7th Annual Meeting of Arab Finance Deputies

ABU DHABI, 20th January, 2022 (WAM) — The UAE participated in the seventh Annual Meeting of Arab Finance Deputies, which was organised by the …
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Posted on 21/01/2022

UAE – First Abu Dhabi Bank to partner with Thomas Murray

First Abu Dhabi Bank (FAB) has announced that it will partner with Thomas Murray, a UK-based post-trade and technology company who provide guidance on local markets rules and regulations as well as …
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Posted on 21/01/2022

Nine-member ‘gang’ guilty of money laundering in UAE referred to court

Authorities in the United Arab Emirates have rounded up nine suspects who have been found guilty of laundering funds collected from “theft and fraud …
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