DUBAI: Most major stock markets in the Gulf closed higher on Monday, with the Dubai index outperforming the region …
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Global Islamic Finance Forecast to Grow as Main Markets Recover – S&P
The $2.2 trillion global Islamic finance industry is expected to grow 10%-12% over 2021-2022 due to increased Islamic bond issuance and a modest economic recovery in the main Islamic finance markets, …
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UAE- BitOasis entity secures regulatory approvals as virtual assets gain rapid adoption globally
BitOasis has been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) and is currently working towards the …
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Islamic finance to see 12% growth in 2021-22: S&P
The global Islamic finance industry will grow by 10%-12% in 2021-2022 after slowing to 10.6% in 2020, said S&P Global Ratings in a new report, highlighting that the sector is on track to move toward …
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Abu Dhabi Islamic Bank, Dubai property stocks drive UAE markets
Abu Dhabi Securities Exchange picked up 0.3 per cent to 6,092 points in early Monday trades, with Abu Dhabi Islamic Bank the biggest gainer with 1.5 per cent after first-quarter profits more than …
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UAE among top 10 in 28 competitiveness indexes
Five major global organisations, specialising in assessing competitiveness, have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes.
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UAE’s flydubai reports $194 million loss for 2020
United Arab Emirates carrier flydubai swung to a loss of 712.6 million dirhams ($194 million) last year, hit by a plunge in passenger traffic as a result of the coronavirus pandemic, it said on Sunday …
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Mubadala is said to pick banks for IPO of satellite firm Yahsat
Abu Dhabi’s Mubadala Investment Co. has picked Bank of America Corp. and Morgan Stanley to advise on a potential initial public offering of satellite operator Yahsat, people familiar with the matter …
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Moven Announces New Collaboration With UAE Fintech Solutions Consultancy Centre Systems Group
Moven, a U.S.-based financial wellness platform provider, announced earlier this week it has formed a new partnership with UAE-based fintech solution consultancy, Centre Systems Group (CSG). the …
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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 …
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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 …
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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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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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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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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 …
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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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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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