Advertising The finance minister said he was meeting with businessmen in … “The impact of these investment agreements will become known from next week,” he said. Pakistan and the UAE finalised the t…
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UAE- Aramex acquires Saudi TAL
Listed on the Dubai Financial Market and based in the UAE, Aramex is centrally located at the crossroads between East and West, which allows it to provide customised logistics solutions anywhere …
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Mashreq enables Samsung Pay via banking app
Mashreq Bank, a leading financial institution in the UAE, has rolled out a service that allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast …
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Sharjah’s bailout of Invest Bank signals more restructuring, mergers among UAE lenders
Smaller banks in the United Arab Emirates are facing regulatory pressure to merge after the fallout from a property downturn forced the state to lead a bailout of Invest Bank last month.
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These UAE bank accounts will get Dh175. Here’s why
First Abu Dhabi Bank, the largest bank in the United Arab Emirates, said on Facebook it is working to repay customers wrongly charged Dh175 ($47.7) on their accounts. The bank’s customers had complain…
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Saudi Aramco oil reserve upgrade seen boosting bonds, IPO
DUBAI: A flurry of announcements from Saudi Arabia’s energy … Al-Falih also updated global markets on plans for an initial public offering (IPO) of Aramco shares, scheduled for 2021, assuming market…
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2019 Prediction: UAE banking industry has a shared responsibility in setting the youth up for success
The UAE government has put youth empowerment high on its agenda to ensure the young generation is well equipped to contribute to the national development drive. The country’s leadership has worked wit…
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Man Group to fight $156m Kuwaiti lawsuit
Hedge funds are coming off their worst year in seven years … the Kuwaiti pension fund was pushing ahead with liquidation proceedings against Abraaj, upending the Dubai-based private equity firm’s at…
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That sinking feeling: Lack of confidence and slower markets mean fewer Gulf IPOs in 2018
Bahrain had its first IPO for four years following the flotation of port operator APM Terminals Bahrain, which raised $31.5 million in December, and although there were no new listings on either the A…
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Exclusive: HotForex Expands Operations, Launches in the UAE
HF Markets, which is also commonly known by its trading name HotForex, has revealed exclusively to Finance Magnates that it has expanded its operations to the United Arab Emirates. The newly-launched …
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Dubai’s Abraaj ‘close’ to selling K-Electric stake to Chinese firm
The FT said that for the creditors of the Dubai-based Abraaj, the proposed sale is still likely to prove the biggest source of recovery funds. Abraaj was one of the most high-profile private equity co…
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Financial comparison platform yallacompare secures $8m in additional funding
UAE financial comparison website yallacompare raised $8 million in its latest funding round, the company said on Monday. The lead investors are STC Ventures, managed by Iris Capital, and Dubai venture …
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Pakistan seals financial assistance from UAE
Pakistani and United Arab Emirates leadership have met thrice now in three months. Prime Minister Imran Khan visited the UAE twice after assuming office in August to seek economic assistance. Both cou…
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UAE- DIFC’s FinTech Hive cements collaboration with UK’s Innovate Finance
DUBAI, 6th January, 2019 (WAM) — Dubai International Financial Centre, DIFC, has signed a Memorandum of Understanding with Innovate Finance, an independent membership association that is at the …
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FinTech Hive and Innovate Finance tie up
Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Innovate Finance to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems. Ar…
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Financial independence main reason UAE women enter workforce
According to Bayt.com, 57% of females seek out jobs that allow them to stand on their own feet According to the poll, 48 per cent of women want to support or financially contribute to the household. P…
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Strong global leads fans risk appetite in small UAE stocks
The Dubai index staged continued recovery as strong US markets fanned risk appetite in small stocks like Gulf Finance House and Salama Insurance. The Dubai Financial Market general index closed 0 …
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