Tag: finance

The SPAC will focus on identifying and merging with a technology or tech-enabled financial services business MENAT region.
( read original story …)

---

It will be headed by the General Secretariat of the Executive Council, and members include the Department of Finance, Dubai Government Human Resources Department, Government of Dubai Legal Affairs …
( read original story …)

---

Another reward of buying a property off-plan is that you might get the opportunity to influence the inside of the house, by choosing your own fixtures, fittings and finishes. If y …
( read original story …)

---

The board also approved an amendment to notifications regarding maximum fee limits Abu Dhabi: As many as 5,000 new managerial jobs for Emiratis will be created in the banking and insurance sectors by …
( read original story …)

---

The Central Bank has approved the creation of 5,000 jobs for UAE citizens in the banking and insurance sectors under its Emiratisation programme.The jobs, approved by Sheikh Mansour bin Zayed, Deputy …
( read original story …)

---

The shareholders of Dubai Islamic Bank, the UAE’s biggest Sharia-compliant lender by assets, approved Dh1.8 billion ($490 million) in dividend payments for 2021 following the bank’s strong performance …
( read original story …)

---

The company has downsized IPO by $100M, originally it intended to raise $200M by issuing 20M units. The units are expected to be listed on the NASDAQ today. Each unit consists of one Class A …
( read original story …)

---

It reported revenues of AED452.7 million [$123.3 million], exceeding the prior year by 7.9 percent, leading to full-year revenue of just under AED1.50 billion [$408 million], marginally up …
( read original story …)

---

Dubai’s Mashreqbank has stopped lending to Russian banks and is reviewing its existing exposure to the country as a result of heightened risks following Moscow’s invasion of Ukraine, two sources …
( read original story …)

---

A real estate agent, who took advantage of an illiterate woman to sell her villa and take all the cash has been instructed to pay the woman Dh3.3 million. The Abu Dhabi Court for Family and Civil …
( read original story …)

---

Dubai-based FinTech start-up Alaan raised $2.5 million in a new investment round as the company announced it is coming out of the stealth mode. The multi-currency spend management platform said it …
( read original story …)

---

Before joining Mashreq, Subba was an assistant vice president at Axis Bank’s Mumbai-based syndication team. He started his banking career with the Indian lender and stayed there for nearly eight years …
( read original story …)

---

“The economic effects of linking Abu Dhabi and Dubai via the UAE National Rail Network will extend for many years,” Sheikh Maktoum bin Mohammed, the country’s finance minister and deputy ruler of …
( read original story …)

---

The UAE and Israel are inching closer to a bilateral trade and economic co-operation agreement that could potentially propel Israel into the list of the UAE’s top 10 trading partners. “We understand …
( read original story …)

---

It’s official. Abu Dhabi and Dubai are now connected by a massive railway line, and you could see trains chugging between the two Emirates soon.
( read original story …)

---

“DIFC is proud to be collaborating with the UAE AI Office, confirming our commitment to the country’s Artificial Intelligence Strategy 2031 and leveraging the potential of artificial intelligence to …
( read original story …)

---

First Abu Dhabi Bank (FAB), one of UAE’s leading banks, has approved the dividend distribution of 70% of paid-up capital for the financial year ended December 31, 2021 (or AED 0.70 equivalent per …
( read original story …)

---