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Tag: finance

Posted on 18/02/2021

DP World, UAE Region Achieves 100% Conversion In Customer Transactions, Leveraging Emirates Nbd’s Digital Collections Solution

The region’s smart trade enabler, DP World, UAE Region leveraged Emirates NBD’s digital collection solution to convert 100 per cent of related counter transactions to online collection on its Smart …
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Posted on 18/02/2021

Mad Minute stories from Wednesday, February 17th

MILWAUKEE – The National Bobblehead Hall of Fame and Museum on Wednesday, Feb. 17 unveiled two bobbleheads of the cat who became a viral internet hit. The viral moment came when a Texas lawyer …
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Posted on 17/02/2021

ADEX inks Dhs22m deal to finance UAE’s Jenaan sugar refinery project in Egypt

Egypt-based Emirati firm Jenaan Pipes & Irrigation Systems has secured a Dhs22m ($6m) loan from Abu Dhabi Exports Office (ADEX) to import raw materials from UAE-based Borouge to manufacture and supply …
( read original story …)


Posted on 17/02/2021

UAE: ‘Help! My bank cancelled my credit card after I was made redundant due to COVID-19.’

Bank resolved the issue after Gulf News’ intervention …
( read original story …)


Posted on 17/02/2021

Revealed: Arbuthnot shuts Dubai office as global bank boss exits

Arbuthnot Latham is to shut its Dubai office at the end of May, less than a decade after launch, Wealth Manager has learned. The division was the private bank’s only outlet outside the UK. Managing …
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Posted on 17/02/2021

UAE: National Banks Return Back $3.94 Billion from Stimulus

UAE national banks have returned around AED14.47 billion ($3.94 billion) from the stimulus they had received since March 2020 from the Central Bank of t …
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Posted on 17/02/2021

UAE bank partners with MetLife

Deal will give customers access to a range of life and health insurance products #emiratesnbd #healthinsurance #lifeinsurance …
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Posted on 17/02/2021

UAE Managed Security Services Market Size, Share to Exhibit A Robust CAGR Through 2025 – Industry News

The report UAE Managed Security Services Market Size and Analysis maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides UAE Managed Security …
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Posted on 17/02/2021

VTB Capital Pre-IPO Fund invests in Whoosh micro-mobility platform

VTB Capital Pre-IPO Fund, a mixed closed-end mutual investment fund, has invested in the Whoosh electric kick scooter sharing service.
( read original story …)


Posted on 17/02/2021

Dubai property stocks turn attractive again

Dubai: Dubai stocks bounced back with blue-chip property stocks leading the gains whereas other Gulf markets offered mixed signals in line with their global counterparts. Dubai Financial Market traded …
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Posted on 17/02/2021

UAE banks return Dhs14.47bn received from Central Bank’s TESS initiative

UAE national banks have returned close to Dhs14.47bn from the stimulus they garnered from the country’s central bank to combat the fallout of the Covid-19 pandemic, statistics have revealed. A …
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Posted on 17/02/2021

Dubai Islamic Bank Full Year 2020 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 period ending December 31, 2020. Prudent …
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Posted on 16/02/2021

Dubai’s biggest bank makes major move into insurance with MetLife deal

Dubai’s largest bank Emirates NBD has announced a big move into the sale of insurance products after partnering with New York-based giant MetLife. . The move comes as MetLife research shows that 60 …
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Posted on 16/02/2021

Aafaq Islamic Finance Introduces ‘Osool’ To Empower Emirati SME Owners

Aafaq Islamic Finance, the leading Islamic Finance Company for individuals and companies in the UAE, in partnership with Dubai SME, the agency of Dubai …
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Posted on 16/02/2021

Saudi Arabia Adds Pressure On Firms To Move To Riyadh, Challenges Dubai

Saudi Arabia is increasing pressure on international firms to shift their Middle East hubs to the kingdom, posing a direct challenge to neighboring Dubai as a regional rivalry heats up.
( read original story …)


Posted on 16/02/2021

FG seeks fruitful synergy in Nigeria-UAE relations for economic benefits

The Federal Government has called for robust collaboration with the United Arab Emirates (UAE) in strengthening existing bilateral relations between the two countries. Minister of State, Finance, …
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Posted on 15/02/2021

Why millennials are likely to drive growth in global Islamic finance

Young Muslims want to know that their money is doing good in the world, says Islamic finance expert The future of global Islamic finance belongs to the “young and the bold” who want to make an impact …
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