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Tag: finance

Posted on 30/04/2021

Darktrace’s cut-price IPO still looks risky

Before considering the merits of Darktrace’s business, investors will first need to get comfortable with Lynch …
( read original story …)


Posted on 30/04/2021

Backstage at the iFX EXPO Dubai with Ultimate Fintech and Contentworks

The iFX EXPO will take place at the exclusive 5-star Grand Hyatt Hotel, Dubai from 19-20 May 2021 connecting high-level execs in the fintech space. Charlotte: We’re so excited about the first live …
( read original story …)


Posted on 29/04/2021

IAF airlifts 12 empty cryogenic oxygen containers from Bangkok, Singapore, Dubai

The Indian Air Force (IAF) on Thursday airlifted 12 empty cryogenic oxygen containers from Bangkok, Singapore and Dubai to India.
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Posted on 29/04/2021

Dubai-based start-up, Huspy, disrupting home finance industry

Launched in August 2020, the company is starting with a web and app-based licensed mortgage platform offering home financing products with no paperwork involved …
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Posted on 28/04/2021

Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO – statement

Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
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Posted on 28/04/2021

UPDATE 1-Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statement

Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
( read original story …)


Posted on 28/04/2021

Aafaq Islamic Finance Publishes The Specialized Quarterly “Aafaq” Magazine

Aafaq Islamic Finance, the leading institution in the financial sector that provides financial products and services in compliance with the provisions o …
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Posted on 28/04/2021

Watch: Indian expat family Bhatias makes history, completes 100 years in Dubai

But away from the spotlight, one Dubai-based Indian family is silently marking a milestone on completing a momentous 100 years in the UAE. As family members of Uttamchand Tulsidas Bhatia, deemed the …
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Posted on 28/04/2021

History of banking in the UAE

For anyone considering banking in the UAE, here’s all you need to know about them. Here you can find out how the industry came into existence decades earlier and it has been constantly evolving to …
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Posted on 28/04/2021

Dubai Islamic Bank 1st Quarter 2021 Group Financial Results

Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the …
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Posted on 28/04/2021

At Dh853m for Q1-2021, Dubai Islamic Bank’s net profit is definitely in recovery mode

Dubai: Dubai Islamic Bank will take a lot of strength from its first quarter 2021 numbers, with net profit up a whopping 2,337 per cent compared to what it was in the final three months of 2020.
( read original story …)


Posted on 28/04/2021

Dubai’s Gulf Navigation refinances its biggest loan, eyes Dh4m in savings

Dubai: In what could be a significant boost to its cashflow position, Gulf Navigation Holding has restructured its biggest loan exposure of Dh200 million. As per the new terms, the cost of paying off …
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Posted on 28/04/2021

Crown Prince: Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor

Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company. Crown Prince Mohammed …
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Posted on 27/04/2021

Hedge-Fund Trader Wins Dismissal of $2 Billion Cum-Ex Case

Hedge Fund trader Sanjay Shah won a U.K. court ruling throwing out a 1.5 billion-pound ($2 billion) lawsuit filed by Danish tax officials over Cum-Ex trades.
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Posted on 27/04/2021

UAE: More residents opting for personal loans; here’s why

Demand and appetite for both personal and business loans witnessed remarkable recovery in the first quarter of 2021, according to the UAE Central Bank’s Q1 2021 Credit Sentiment Survey. In terms of …
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Posted on 27/04/2021

Dubai-based COFE completes $10m funding round, with potential IPO brewing

Latest financing was provided by Al Imtiaz Investment Group, a leading Kuwaiti investment house listed on the Boursa Kuwait …
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Posted on 27/04/2021

Covid-19 in UAE: World can end pandemic but only if nations work together, say experts

There still needs to be a ‘back-up plan’ because the world might not have enough vaccine to reach herd immunity anytime soon.
( read original story …)


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