DUBAI: A British pharmaceutical company set to launch a primary initial public offering (IPO) on the London Stock Exchange later this year is aiming to follow up with a dual listing on the Saudi Stock …
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UAE central bank’s foreign assets in Q1 hits $106bn
The foreign assets held by the Central Bank of the UAE has increased to AED392.4 billion by the end of Q1, up 1.1 per cent over the previous quarter, according to a report by CBUAE. The apex bank …
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UPDATE 1-Oman Arab Bank launches $250 million debut bond deal
Oman Arab Bank was set to raise $250 million on Thursday in its first foray in the international debt markets with an Additional Tier 1 perpetual bond issue, a document showed.
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Middle East Crude-Benchmarks fall as spot trading slows
SINGAPORE- Middle East crude benchmarks Oman and Dubai fell on Thursday as trading activity for the July-loading cycle slowed near month-end. India’s IOC closed a tender seeking spot crude with bids …
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UAE’s RAK Bank issues additional $75mln Floating Rate Note
The National Bank of Ras Al-Khaimah (RAKBANK) has concluded the issue of $75 million 2.5-year Floating Rate Note (FRN) which offered investors a coupon of 3-month USD LIBOR+100 basis points. This …
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UAE Central Bank foreign assets reach Dhs392.4bn by end of Q1 2021
The foreign assets held by the Central Bank of the United Arab Emirates (CBUAE) increased to Dhs392.4bn by the end of Q1 2021, a quarter-on-quarter of 1.1%, a CBUAE report shows. The apex bank …
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Living in UAE offers a one-stop point for all reader questions on rules, regulations and issues
Well over a year ago, Gulf News decided that the reader queries coming in, both in terms of volume and specificity needed a section dedicated to answering the issues raised. And, thus, was born the …
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DubaiCoin: What we know so far about Dubai’s own cryptocurrency
But what is this coin and what do we know about it so far? According to UAE-based blockchain startup Arabian Chain Technology, the company in charge of handling the Gulf-based cryptocurrency, “plans …
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Ramadan provides a boost to UAE mobile app installs and spending
Recent analysis in the Middle East & Turkey, of 400+ million installs of over 4,060 mobile apps, across shopping, finance and gaming verticals, by global attribution leader AppsFlyer, has highlighted …
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UAE jobs: 3-day recruitment drive in Dubai, Abu Dhabi
A three-day recruitment drive for vacancies of sales executives for leading UAE banks will begin from Saturday, May 29, in Dubai and Abu Dhabi. (Click here for latest UAE job vacancies) UAE residents …
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UAE’s draft federal budget for 2022-2026 reviewed
Discussing the draft federal budget for 2022-2026, the committee also considered the fiscal policies governing financing of capital projects in the federal government. It directed to execute all …
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Dubai International Financial Centre to bring FinTech, innovation community together
Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre, on Tuesday officially inaugurated the DIFC Innovation Hub …
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Video: Dubai International Financial Centre to bring FinTech, innovation community together
Dubai: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre, on Tuesday officially inaugurated the DIFC Innovation Hub …
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Abu Dhabi judge rules in favour of Dubai Islamic Bank in NMC case
NMC’s administrators Alvarez & Marsal filed a suit in ADGM courts last month to obtain power over those securities, claimed by Dubai Islamic …
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True Beacon Goes Global
Nikhil Kamath and Richard Pattle, Co-founders of True Beacon, the Indian asset management company, today announced the launch of the …
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Dubai-based Zeta raises $250mln from SoftBank fund
Zeta, a Dubai-based banking tech startup, has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one …
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Dubai tech startup Zeta raises $250m to accelerate growth
Dubai-based banking tech startup, Zeta, has secured $250m in investment from SoftBank Vision Fund 2, it announced on May 24. The proceeds will be used to accelerate Zeta’s growth in the Middle East, …
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