Fidelity Bank has launched a special promo dubbed, ‘Yenko Dubai’ to reward 24 of its top performing agents. The promo which seeks …
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In UAE, private equity deals set to make a strong comeback in 2022
In addition, the increased daily volumes on ADX and DFM and strong investor appetite for new issues are expected to encourage private equity firms to consider local IPOs in the UA …
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Vodafone shares up 4% after UAE group buys 9.8% stake
The stock is down around 25% since Read moved from the finance director role to the top job of CEO in October 2018. Paolo Pescatore, an analyst at PP Foresight, said the UAE investment was a strong …
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Amlak Finance sees higher profits in Q1-22; accumulated losses hit 86% of capital
In the first three months of 2022, the income from Islamic financing and investing assets declined to $9.39mln from $11.12mln …
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Tradewind Finance Announces US$1 Billion In Funding Globally
Leading international trade finance company Tradewind Finance has announced the completion of its US$1 billion funding for 2022 – a d …
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Sheikh Mohamed to lead UAE towards new heights of economic growth, prosperity
Country’s economy to continue its journey toward diversification as the new policy measures will help achieve sustainable growth …
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UAE Banking Sector: Great strides under leadership of Khalifa bin Zayed
The financial and banking sector in the UAE under late Sheikh Khalifa bin Zayed Al Nahyan, made unprecedented achievements that reflected the notable success of the wise policies adopted by the late …
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UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion
DUBAI (Reuters) -Emirates Telecommunications Group Company PJSC, now known as e&, has acquired a 9.8% stake in Vodafone for $4.4 billion, it said on Saturday. The move comes days after e& said it …
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UAE Prince Who Reshaped Region Named Ruler of Oil-Rich Power
Sheikh Mohammed bin Zayed Al Nahyan, the man who has long controlled the levers of power in the United Arab Emirates, has succeeded his late brother as ruler.Most Read from BloombergElon Musk Sows Dou …
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UAE’s Etisalat Buys 9.8% Stake in Vodafone for $4.4 Billion
UAE phone company Etisalat bought a 9.8% stake in Vodafone Group Plc for $4.4 billion.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over …
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Sheikh Khalifa prepared the UAE for a full-scale post-oil economy
Dubai: Preparing the UAE economy for a post-oil world will be President His Highness Bin Zayed Al Nahyan’s enduring legacy for the country – and the wider GCC.
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More interest rate hikes to come? Savers move to fixed income funds like bonds
Dubai: With interest rates rising worldwide, and with more to come, experts recommend an investment approach that is focused on preservation of income, which simply involves setti …
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UAE leaders mourn death of Sheikh Khalifa bin Zayed Al Nahyan
the UAE Minister of Finance and Deputy Ruler of Dubai, among others shared their thoughts on Twitter. The Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed said: “We belong to God and to Him we shall …
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UAE: Bank, Telecom Provider Ordered To Pay Dh1.5 Million To SIM Swap Fraud Victim
The Dubai Court of Cassation ordered a UAE-based bank and telecommunications company to return Dh1.5 million that a client had lost in unauthorised transactions. In April 2019, the client, whose …
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UAE: Gold plunges about 3 per cent so far this week, its most in two months
In the UAE, the cost of 24-karat gold was at … Last week, the US central bank increased its benchmark overnight interest rate by an aggressive half-a-percentage point. Bullion is sensitive …
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Bahrain’s Al Baraka Banking delists from Nasdaq Dubai
Bahrain’s Al Baraka Banking Group has delisted its shares on Nasdaq Dubai effective May 12, according to a disclosure on Friday. The company, which gained a 78 percent increase in net income for the …
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UAE’s First T-Bond Auction Achieves Bids Worth AED 9.4 Billion
The UAE has announced the results of the first auction of the dirham denominated federal Treasury Bonds of the UAE Government (T-Bonds), with a benchmark auction size of AED 1.5 billion (circa US$400 …
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