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Tag: finance

Posted on 29/03/2021

RAKBANK becomes first UAE bank to join MMA as a board member

The tie-up will help accelerate the bank’s digital transformation in mobile banking and, in return, the Association will gain local insights …
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Posted on 29/03/2021

$3.5bln in letters of guarantee issued by banks in three months: UAE Central Bank

Letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier …
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Posted on 29/03/2021

Aafaq Islamic Finance announces 68% increase in profits in 2020

Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the …
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Posted on 28/03/2021

Barbeque Nation IPO: Here’s How To Check Share Allotment Status

The IPO comprised a fresh issue of Rs 180 crore and an offer for … operates 147 Barbeque Nation restaurants in 77 Indian cities and six restaurants in UAE, Oman and Malaysia.
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Posted on 27/03/2021

Changes in UAE citizenship law beckon hope and inclusion

In an unprecedented move, the UAE announced a landmark decision this year to open its citizenship to a select group of investors, professionals, and those that possess specialised talents. The …
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Posted on 25/03/2021

UAE leaders mourn passing of Sheikh Hamdan Bin Rashid Al Maktoum

Rich tributes from top officials and prominent Emiratis are pouring in for Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance and Industry, who passed away in Dubai …
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Posted on 25/03/2021

Covid pandemic to have ‘long-lasting’ impact on Gulf banking sector, says S&P

Rating agency says GCC banking ops will remain constrained after setting aside $10.9bn in credit loss provisions …
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Posted on 25/03/2021

RIP: The legacy of the late UAE finance minister Sheikh Hamdan bin Rashid Al Maktoum

The deputy ruler of the emirate of Dubai, Sheikh Hamdan bin Rashid Al Maktoum, has died at the age of 75. He was a top-notch financial personality. Dubai announced 10 days of mour …
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Posted on 25/03/2021

SPACs cause headache for UAE bourses amid lacklustre IPO market

Firms in the UAE are increasingly seeking fast-track listings in New York through mergers with special purpose acquisition companies (SPACs), posing a fresh challenge to local bourses which are …
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Posted on 24/03/2021

UAE finance minister and Dubai deputy ruler Hamdan dies

The United Arab Emirates finance minister and the deputy ruler of the emirate of Dubai, Sheikh Hamdan bin Rashid …
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Posted on 24/03/2021

Increased Banking Trojans in UAE in 2020: Kaspersky

Kaspersky Security Network (KSN) statistics around cybersecurity threats in the United Arab Emirates indicates that overall malware infections have decr …
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Posted on 24/03/2021

UAE international reserves surge to $141.41bln

The UAE banking system’s international reserves is expected to rise further in the coming period, reflecting the improvements across the system’s indexes in recent months. Rec …
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Posted on 24/03/2021

UAE international reserves surge to Dh519b

The international reserves of the UAE banking system have grown by Dh12.6 billion over three months, from November 2020 to January 2021, to Dh519 billion, the Central Bank of the UAE (CBUAE) has …
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Posted on 23/03/2021

Singapore and Dubai: The future of private banking

Outwardly different, Singapore and Dubai have transformed themselves into international wealth management hubs, overseen by clear-minded regulators. They are now starting to compete for business with …
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Posted on 23/03/2021

Announcement of Intention to Float on the Dubai Financial Market

Tristar Transport (PJSC – under incorporation) (“Tristar” or the “Company” or, with its subsidiaries and subsidiary undertakings, the “Group”), a leading global integrated liquid logistics solutions …
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Posted on 23/03/2021

Dubai Eyes Its Second IPO in Three Years With Tristar Listing

Middle Eastern logistics firm Tristar Transport is looking to raise between $120 million and $160 million in an initial public offering in Dubai next month, in what would be only the financial hub’s …
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Posted on 23/03/2021

DeFi Goes Mainstream: B26 Finance Becomes Official Sponsor for the Falcons, Dubai’s Basketball Team

PRESS RELEASE. B26 Finance, the world’s first blockchain-based self-banking service, has recently been released to the world. Being a relatively new …
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