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Tag: finance

Posted on 27/12/2021

Capillary Technologies files papers to float Rs 850-crore IPO

Capillary Tech has filed draft papers with SEBI to raise Rs 850 crore through an IPO. Capillary Technologies (India) has filed papers with market regulator SEBI to raise Rs 850 crore through an …
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Posted on 27/12/2021

Emirates NBD joins UAE Trade Finance Gateway project led by ECI to ease liquidity access for businesses

DUBAI, UNITED ARAB EMIRATES, December 27, 2021/ EINPresswire.com/– Etihad Credit Insurance, the UAE Federal export credit company, has signed an MoU with Emirates NBD, Dubai’ s largest bank and one …
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Posted on 27/12/2021

Ajman Bank, EDB sign MoU on credit guarantee for SMEs

Ajman Bank has signed an agreement with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE. The memorandum of …
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Posted on 27/12/2021

UAE – Ajman Bank, Emirates Development Bank sign MoU on credit guarantee for SMEs

Ajman Bank has signed a memorandum of understanding (MoU) with the Emirates Development Bank (EDB) to offer credit guarantee and co-lending for small and medium-sized enterprises (SMEs) in the UAE.
( read original story …)


Posted on 26/12/2021

Aster Healthcare: Moopen plans to demerge Gulf ops, focus on India

Dubai-based Aster DM Healthcare is increasing its focus on India with a target of netting half of the revenue from here over the next five years and plans to hive off its GCC operations into a …
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Posted on 26/12/2021

Dubai wife cleared of hacking husband’s email to obtain his bank statement

Dubai: A Dubai-based wife was cleared of hacking her husband’s email for obtaining his bank statement to use in their divorce case. According to the Dubai Court of Appeal, the 27-year-old woman had …
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Posted on 26/12/2021

Emirates NBD Joins UAE Trade Finance Gateway Project Led by Etihad Credit Insurance To Ease Liquidity Access for Businesses

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed an MoU with Emirates NBD, Dubai’s largest bank and one of the leading b …
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Posted on 26/12/2021

Indian loan defaulters who fled UAE to find going tough in 2022

Indian borrowers who defaulted on their loan repayment commitments in the UAE and fled the country between 2015 and 2021 will find it hard to escape the long arm of law and or loan recovery agents in …
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Posted on 26/12/2021

UAE FTA calls on registrants to redetermine penalties

The UAE’s Federal Tax Authority (FTA) has called on tax registrants to benefit from the redetermination of administrative penalties to be equal to 30 percent of the total unpaid penalties. The FTA …
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Posted on 26/12/2021

UAE – Ajman’s Department of Finance bags ‘Most Innovative Digital Initiative in Finance 2021’ by Global Business Outlook

Ajman’s Department of Finance has been awarded the ‘Most Innovative Digital Initiative in Finance 2021’, for its digital wallet and contributions in supporting digital transformation by Global …
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Posted on 25/12/2021

The Potential of Islamic Finance to SMEs Products Made by Disabilities Community Attracts Investors’ Attention in Dubai

Dr. Sutan Emir Hidayat, Director of Islamic Economy Infrastructure Ecosystem brings sharia economy topics in business forum at Indonesia Pavilio …
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Posted on 24/12/2021

UAE’s Tabreed inks deal to invest $400m in Indian district cooling plan

The National Central Cooling Company (Tabreed) has entered into a partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to invest about $400 million in India …
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Posted on 24/12/2021

Didi’s Early Investors Get Window to Exit After Disastrous IPO

The end of a lock-up period after a new listing is often a triumphant time when pre-IPO investors can cash out and book profits. For Didi Global Inc., whose shares have lost more than half of their …
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Posted on 23/12/2021

Businessman pledges Dh10 million to help fund Dubai’s new cancer hospital

A grateful businessman has pledged Dh10 million for the construction of a pioneering Dubai cancer hospital to commemorate his wife’s own battle with the disease. Yaseen M Jaffer, chief executive of …
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Posted on 23/12/2021

Digital bank Zand set to launch after Dubai Bank acquisition

The shareholders of Zand, a digital bank that caters to retail and corporate clients, have acquired a majority stake in Dubai …
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Posted on 23/12/2021

UAE: New Dh50 polymer note is official currency; here are 13 features that make it special

The new Dh50 polymer banknote is an official currency, the UAE Central Bank said on Thursday. The banknote, released as part of UAE’s Year of the 50th celebrations, has been distributed to banks and …
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Posted on 23/12/2021

New Dhs50 polymer banknote is an official currency, says UAE top bank

The Central Bank of the United Arab Emirates (CBUAE) has announced that the new Dhs50 polymer banknote is an official currency and to be used alongside the paper banknote of the same value, currently …
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