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Tag: finance

Posted on 23/03/2022

Tender offer issued: UAE investor seeks to acquire 51pc stake of Summit Bank

KARACHI: Nasser Abdulla Hussain Lootah, a Dubai-based businessman, has released tender offer to acquire at least …
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Posted on 23/03/2022

Dubai’s KYC blockchain consortium is credit positive for UAE banks

Abu Dhabi Commercial Bank and Commercial Bank of Dubai. These banks together held around 44 percent of total banking assets in the UAE as of June 2019. Ali Ibrahim, Deputy Director General of Dubai …
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Posted on 22/03/2022

What the UAE’s decision on listing co-ops will mean for the market

RELATED: UAE Cabinet approves use of crowdfunding for public and private sectors The UAE’s decision to permit the listing of co-operative societies on the country’s capital markets will widen the pool …
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Posted on 22/03/2022

UAE to revise service fee structures across ministries and federal bodies

The UAE’s Ministry of Finance is revising the service fee structures across all ministries and federal bodies with the aim of boosting the business environment, bolstering the economy and attracting …
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Posted on 22/03/2022

UBF’s CEOs’ council discusses latest developments on banking fronts

UAE Banks Federation’s CEOs’ Advisory Council held on Tuesday its first meeting of the year 2022, with all Council members joining in virtually. Reflecting the tight collaboration that exists between …
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Posted on 22/03/2022

Nahdi Medical Co trades up 15% after IPO

Saudi pharmacy chain Nahdi has started trading on the Tadawul following the largest IPO in the Kingdom since December 2019 …
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Posted on 22/03/2022

Plastics venture Borouge meets potential IPO investors, bankers say

DUBAI, March 22 (Reuters) – Borouge, a plastics joint venture between Abu Dhabi National Oil Co (ADNOC) and Austria’s Borealis, held its first meetings with investors to gauge interest in its planned …
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Posted on 22/03/2022

Dubai cashes in as Russian bankers move to the Gulf

Dubai warms to Moscow’s money while the UK’s relationship with the city state chills in the wake of Putin’s war …
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Posted on 22/03/2022

DEWA IPO: Retail investor interest for mega-IPO already at a peak ahead of Mar. 24 opening

Dubai: Participating banks in the UAE are all set to hit the ‘Send’ button releasing funds that would allow their accountholders to subscribe to the DEWA IPO, which opens Marc …
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Posted on 22/03/2022

UAE Cabinet adopts new laws on worker’s rights in the private sector, gender parity, and child protection

The Cabinet also approved a decision to establish the “Collective Labour Disputes Committee”, chaired by Dr Abdulrahman Al Awar, the Minister of Human Resources and Emiratisation UAE Cabinet adopts …
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Posted on 22/03/2022

How Many Adib Branches In Uae?

With more than 60 branches, ADIB has one of the largest distribution networks in the UAE. Egypt, the Kingdom of Saudi Arabia, the United Kingdom, Qatar, Sudan, and Iraq are among the 6 strategic …
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Posted on 22/03/2022

10 Fintech Startups to take part in the CATAPULT: Inclusion Africa Special Edition in Dubai, LHoFT

LHoFT Foundation selects two Ugandan startups selected to take part in the 2022 edition of the CATAPULT: Inclusion Africa: Special Edition in Dubai.
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Posted on 22/03/2022

United Arab Emirates Fuel Station Market – Growth, Trends, COVID-19 Impact, and Forecasts (2022 – 2027)

The United Arab Emirates fuel station market is expected to register a CAGR of 2. 3% during the forecast period of 2022-2027. The production of refined products is expected to reach 1,165. 2 thousand …
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Posted on 21/03/2022

UAE asset manager buys majority stake in fintech firm

Dubai-headquartered asset management and investment banking platform Shuaa Capital has acquired a majority stake in UAE-based fintech Souqalmal for an undisclosed sum. The deal will provide the …
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Posted on 21/03/2022

UAE schools run financial literacy workshops during Global Money Week

Payments technology company Visa and children’s money management application Cashee are launching educational workshops in UAE schools to coincide with Global Money Week that runs from March 21 to 27.
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Posted on 21/03/2022

Finastra and Union of Arab Banks to accelerate digital banking together

Finastra today announced its collaboration with Union of Arab Banks to help banks across the Arab League member states offer enhanced digital services to their customers. The partnership combines …
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Posted on 21/03/2022

UAE: Gold prices to not drop too much ahead of Ramadan if no end in sight for Ukraine crisis

Gold prices fell 3.5 per cent last week; analysts see it steadying in the days ahead. Dubai: Gold prices rose on Monday after last recording their worst week since late November, as safe-haven demand …
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