Employers in the UAE plan to give their staff an average annual pay rise of four per cent in 2022, amidst signs of strength in the labour market following the turmoil of the global pandemic, according …
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Mashreq offers instant bank accounts for DAFZA companies
Using the platform, companies will be able to open instant accounts with the help of a dedicated Mashreq relationship manager. The agreement also provides DAFZA SMEs (small and me …
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Jobs for UAE Nationals: UAE’s private sector businesses must learn how to catch them young
It’s the target the UAE Government has set for country’s private sector when it comes to hiring UAE nationals – and for many business owners, the process starts right now. Because the creation of …
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UAE places 38 individuals, including four Emiratis, on terror list
The UAE Cabinet has issued a resolution No 83 of … the country’s commitment to target and dismantle networks that finance terrorism and its related activities. The resolution demands that …
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Adnoc Drilling IPO price implies equity valuation of US$10bil
DUBAI: State oil giant Abu Dhabi National Oil Co (Adnoc) has set a price for the initial public offering (IPO) of its drilling unit, giving Adnoc Drilling an equity valuation of US$10bil (RM41.4bil), …
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Dubai Chamber Bridging Borders Between Africa and UAE Businesses
As Dubai gets set to host Global Business Forum Africa 2021 in October, the stage is set for the bolstering of business ties between the UAE and the African continent.
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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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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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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 …
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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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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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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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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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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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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.
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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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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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