The United Arab Emirates central bank (CBUAE) said on Thursday it was starting to gradually withdraw stimulus measures introduced last year to mitigate the economic impact of the COVID-19 pandemic.
( read original story …)
UAE Central Bank committed to economic recovery, says Governor
The Governor informed that the regulator will continue to closely supervise banks’ asset quality and the adequacy of provisioning. “Our assessment, confirmed by recent economic data, affirms the UAE …
( read original story …)
UAE Central Bank is committed to recovery and a gradual withdrawal of support measures
Provided by The National The Central Bank of the UAE is is starting a gradual withdrawal of its Targeted Economic Support Scheme support measures. The Central Bank of the Unite …
( read original story …)
Cryptocurrency market cap up 86% this year; hits $1.4trn
The UAE is poised to be a global hub for cryptocurrency as market capitalisation hit $1.4 trillion, up 86% year to date, said experts ahead of the AIM Summit running from October 11– 12 in Dubai, UAE.
( read original story …)
UAE: Credit card bills paid in 2019, but no clearance letter, bank charges Dh46,000 plus
Bank offers amicable solution after Gulf News’ intervention …
( read original story …)
Money & Me: ‘I left a stable job because I wanted financial freedom’
I was born in Hyderabad, India, and moved to the US when I was three. I come from a fairly upper middle class Indian family where education, career and travel are huge priorities. My mum’s a single …
( read original story …)
Allianz speeds up succession planning in light of Structured Alpha lawsuits
The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Cha …
( read original story …)
UAE, India aim to double trade to $100bn in five years
The UAE and India are seeking to more than double non-oil trade to at least $100bn over five years as the Gulf Arab state works to deepen ties with fast-growing economies beyond the Middle East. The …
( read original story …)
Emirates NBD And Emirates Islamic Unveil ‘Future Banking’ At Expo 2020 Dubai
Emirates NBD Group, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region and a Premier Partner and the Official Banking Pa …
( read original story …)
Adnoc boosts size of drilling unit’s IPO to $1.1 billion due to heavy demand
The Abu Dhabi National Oil Company (Adnoc) said on Wednesday that it was increasing the size of its drilling unit’s initial public offering to cope with heavy demand for shares. The state oil company …
( read original story …)
Central Bank of UAE projects 4.2% GDP growth in 2022
The Central Bank of UAE has projected the UAE GDP growth at 2.1 per cent for 2021 and 4.2 per cent for 2022 in its Quarterly Economic Review for the second quarter of 2022.The subdued growth forecast …
( read original story …)
UAE economy to grow 2.1% this year, central bank says
The United Arab Emirates’ economy will grow 2.1% this year and 4.2% in 2022, the central bank said on Wednesday, as the Gulf state rebounds from the coronavirus downturn.
( read original story …)
ADNOC increases size of drilling unit IPO
The Abu Dhabi National Oil Company (ADNOC) will increase the number of shares in the initial public offering (IPO) of its drilling unit to 11 percent of …
( read original story …)
ADNOC boosts size of drilling unit IPO to $1.1 billion
State oil giant Abu Dhabi National Oil Co (ADNOC) has increased to 11% of share capital the size of the initial public offering (IPO) of its drilling unit, ADNOC Drilling, because of oversubscription, …
( read original story …)
UPDATE 1-Saudi Telecom’s tech business locks in $966 million from IPO
Saudi Telecom Company has completed the retail and institutional subscription to the initial public offering of Arabian Internet and Communications Services Co, raising 3.624 billion Saudi riyals …
( read original story …)
UAE Luxury Market Report 2021: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2026 – ResearchAndMarkets.com
Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″ report has been added to ResearchAndMarkets.com’s offering.
( read original story …)
Exclusive: PayMate To Raise $100 Mn In Pre-IPO Round, To Enter Unicorn Club
Sources confirmed to Inc42 that with the infusion of fresh $100 Mn, PayMate will enter the celebrated unicorn club …
( read original story …)