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Tag: finance

Posted on 14/09/2021

Book Review: Ask Forgiveness Not Permission

“Ask Forgiveness, Not Permission” is not a book about investing. In fact, its subtitle is “The true story of a discreet, post 9/11 operation in the ‘badlands’ of Pakistan.” The reason I’m writing this …
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Posted on 13/09/2021

UAE: IPO pricing values Adnoc Drilling equity at $10 billion

Global oil giant, Abu Dhabi National Oil Company (Adnoc), announced on Monday that it has set the offer price per share for the initial public offering of Adnoc Drilling Company at Dh2.30, implying an …
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Posted on 13/09/2021

Standard Chartered executes first green trade finance facility in UAE

UAE’s Standard Chartered has executed its first green trade finance facility to support Amplus Energy Solutions, a subsidiary of Amplus Solar, in its solar generation business. Amplus Solar is a …
( read original story …)


Posted on 13/09/2021

UAE central bank issues new anti-money laundering guidance for banks

The United Arab Emirates central bank has issued new guidelines to financial institutions on anti-money laundering practices, it said on Monday, the latest of a number of measures launched by the Gulf …
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Posted on 13/09/2021

Emirates NBD Group, Expo 2020 Dubai and Mastercard launch new card programmes

The limited-edition cards are designed to enhance the Expo 2020 Dubai experience for both residents and visitors.
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Posted on 13/09/2021

Newgen to Participate in MEBIS Plus 2021 Event in Dubai

Newgen Software, a global provider of digital transformation platform, has announced that it is participating in the Middle East …
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Posted on 13/09/2021

Malaysia’s Petronas secures ‘green finance’ facility for UAE solar unit

Amplus Dubai – will use funds for new solar generation capacity Dubai: Standard Chartered has completed its first green trade finance facility to support Amplus Dubai, a subsidiary of Malaysian oil …
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Posted on 13/09/2021

ADNOC Drilling IPO offer price set at Dh2.30 a share – and a whopping $10b valuation

The Dh2.30 “offer price was determined by ADNOC, as the selling shareholder, and ADNOC Drilling, following investor engagement that saw significant strong initial demand indications from both local …
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Posted on 13/09/2021

ADNOC Drilling IPO price implies equity valuation of $10 billion

State oil giant Abu Dhabi National Oil Co (ADNOC) has set a price for the initial public offering of its drilling unit, giving ADNOC Drilling an equity valuation of $10 billion, it said on Monday.
( read original story …)


Posted on 13/09/2021

Looking to buy a cheaper house? Tips from UAE residents on how to finance the move

Should you send money via an exchange house or your bank? Dubai: Robert Pankhurst, a UAE-based British national, bought a two-bedroom apartment in Barsha Heights (Tecom) in Dubai. He signed the …
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Posted on 13/09/2021

Indian Fintech Signzy Enters UAE via Partnership with ‘Seed Group’

With Signzy bringing its most innovative products to the region and help in the automation of back-office business operations, the arrival feeds into the UAE Digital Government Strategy 2025.
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Posted on 13/09/2021

UAE based Medical Fintech Klaim Secures $1.6M via Pre-Series A Round

UAE-headquartered healthcare financing platform Klaim has reportedly acquired $1.6 million via a pre-Series A round.
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Posted on 13/09/2021

Bank deposits in the UAE rise to $521.37bln in July

Bank deposits in the UAE grew by 6.5 billion dirhams ($1.76 billion) in one month, fueled by a jump in resident and non-resident deposits. At the end of July 2021, total bank deposits in the country …
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Posted on 13/09/2021

Angola and UAE and prepare cooperation agreements

Several cooperation agreements between Angola and the United Arab Emirates (UAE) in the air, road, agriculture, mining, energy, and trade sectors should be signed this year, within the framework of …
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Posted on 12/09/2021

Middle East Newsletter: Israel Considers Fourth Coronavirus Shot

While most countries are still trying to finish inoculating their populations for the first time, Israel is already preparing for a second round of booster doses. The country is making efforts to …
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Posted on 12/09/2021

Stocks in Mideast Decline on Mounting Growth Concerns: Inside EM

Saudi Arabian stocks led decline in the Middle Eastern equities markets on Sunday triggered by concern over the strength of U.S. stock markets after the S&P 500 fell for five straight days. The extent …
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Posted on 12/09/2021

Higher education in UAE: Students make the most of their university experience

Current and former students discuss how they have charted a path to success Being a Computer Science student, I hoped to receive a role within my domain and with help from the university’s Career …
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