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Tag: finance

Posted on 15/12/2021

UAE mid-market firms ‘must plan for inflation’

Companies in the UAE must start planning for rising costs in 2022 and 2023, says a senior corporate banking executive from Mashreq Bank, a leading financial institution in the country. “Inflation is a …
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Posted on 15/12/2021

Why business is booming at Capital Club Dubai

Hussain Sultan Al Junaidy has described it as the “craziest” decision in his career to take over at the helm of the DIFC-based club, but the 83-year-old has worked tirelessly to put it back on the map …
( read original story …)


Posted on 15/12/2021

Fitch Revises Arab Bank’s Outlook to Stable; Affirms at ‘BB’

Fitch Ratings has revised the Outlook on Jordan-based Arab Bank Plc’s (AB) Long-Term Issuer Default Rating (IDR) …
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Posted on 15/12/2021

Blinken says U.S. ready to move forward with sale of F-35s, drones to UAE

The United States is prepared to move forward with the sale of F-35 fighter jets and drones to the United Arab Emirates (UAE), U.S. Secretary of State Antony Blinken said on Wednesday, after reports …
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Posted on 15/12/2021

Basil Rajapaksa off to Dubai with his wife

Finance Minister Basil Rajapaksa left for Dubai today with his wife, reports said.According to reports, the Finance Minister left for Dubai on a private visit.President Gotabaya Rajapaksa had also …
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Posted on 15/12/2021

UAE – RewirEd Summit concludes

DUBAI, 14th December, 2021 (WAM) — Drawing the world’s attention to the current state of the global education ecosystem, RewirEd Summit, held …
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Posted on 15/12/2021

UAE – Mansour bin Zayed chairs first meeting of Emirati Talent Competitiveness Council

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, chaired the first meeting of the Emirati Talent Competitiveness Council, which discussed its …
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Posted on 14/12/2021

Singapore overtakes Dubai in rupee trading

Dubai has lost out to Singapore as the top offshore market for trading in the rupee. The Singapore Stock Exchange (SGX) had a 76 per cent share in rupee-dollar futures as 58,651 contracts were traded …
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Posted on 14/12/2021

UAE cabinet reviews government performance and rankings in 2021

Chairing the last cabinet meeting scheduled for 2021, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, affirmed that the UAE has …
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Posted on 14/12/2021

UAE – Maktoum bin Mohammed meets with Chairman of the Cabinet of Ministers of Kyrgyzstan

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, today received Akylbek Japarov, Chairman of the Cabinet of Ministers of …
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Posted on 14/12/2021

Dubai Holding names new CEO for entertainment division

Dubai Holding, a diversified global investment company with operations in 13 countries, has announced the appointment of Fernando Eiroa as the new Chief Executive Officer of Dubai Holding …
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Posted on 14/12/2021

Why COP28 in the UAE is a major achievement

The UAE as a host will aim to mobilise a step up … Another important topic on negotiations table is the broken promise of climate finance. Despite that developed countries agreed in 2009 to …
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Posted on 14/12/2021

Ajman’s Department of Finance partners with 12 top local banks to ease payments of government fees

As part of its keenness to ensure customer satisfaction, the Ajman’s Department of Finance signed agreements with 12 top local banks in the country to offer “easy payment plan”, which allows …
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Posted on 14/12/2021

Dubai Is Bait in War for Coder Talent Fought by Israel Firms

One of Israel’s fastest-growing technology firms is opening a Dubai office to lure international talent as a way around the chronic labor shortage plaguing the industry at home.Most Read from …
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Posted on 14/12/2021

UAE property prices set to rise in 2022 amid government initiatives, experts say

UAE property prices are set to continue rising in 2022, driven by supportive economic reforms and an accelerated vaccination programme that has helped to hasten a rebound from the coronavirus-induced …
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Posted on 14/12/2021

Dubai Holding appoints Fernando Eiroa as CEO of Dubai Holding Entertainment

leading the IPO of one of the largest global groups, operating more than 60 parks in 14 countries across all segments and regions. As Chief Executive Officer of Dubai Holding Entertainment …
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Posted on 14/12/2021

UAE Central Bank imposes Dh19.5m penalty on bank under strict anti-money laundering rules

Dubai: UAE’s Central Bank has imposed a Dh19.5 million sanction on a bank in the UAE under the country’s Anti Money Laundering and Combating the Financing of Terrorism and Illegal Organisations law.
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