United Arab Emirates carrier flydubai swung to a loss of 712.6 million dirhams ($194 million) last year, hit by a plunge in passenger traffic as a result of the coronavirus pandemic, it said on Sunday …
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Mubadala is said to pick banks for IPO of satellite firm Yahsat
Abu Dhabi’s Mubadala Investment Co. has picked Bank of America Corp. and Morgan Stanley to advise on a potential initial public offering of satellite operator Yahsat, people familiar with the matter …
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Moven Announces New Collaboration With UAE Fintech Solutions Consultancy Centre Systems Group
Moven, a U.S.-based financial wellness platform provider, announced earlier this week it has formed a new partnership with UAE-based fintech solution consultancy, Centre Systems Group (CSG). the …
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Darktrace’s cut-price IPO still looks risky
Before considering the merits of Darktrace’s business, investors will first need to get comfortable with Lynch …
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Backstage at the iFX EXPO Dubai with Ultimate Fintech and Contentworks
The iFX EXPO will take place at the exclusive 5-star Grand Hyatt Hotel, Dubai from 19-20 May 2021 connecting high-level execs in the fintech space. Charlotte: We’re so excited about the first live …
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IAF airlifts 12 empty cryogenic oxygen containers from Bangkok, Singapore, Dubai
The Indian Air Force (IAF) on Thursday airlifted 12 empty cryogenic oxygen containers from Bangkok, Singapore and Dubai to India.
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Dubai-based start-up, Huspy, disrupting home finance industry
Launched in August 2020, the company is starting with a web and app-based licensed mortgage platform offering home financing products with no paperwork involved …
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Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO – statement
Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
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UPDATE 1-Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statement
Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
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Aafaq Islamic Finance Publishes The Specialized Quarterly “Aafaq” Magazine
Aafaq Islamic Finance, the leading institution in the financial sector that provides financial products and services in compliance with the provisions o …
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Watch: Indian expat family Bhatias makes history, completes 100 years in Dubai
But away from the spotlight, one Dubai-based Indian family is silently marking a milestone on completing a momentous 100 years in the UAE. As family members of Uttamchand Tulsidas Bhatia, deemed the …
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History of banking in the UAE
For anyone considering banking in the UAE, here’s all you need to know about them. Here you can find out how the industry came into existence decades earlier and it has been constantly evolving to …
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Dubai Islamic Bank 1st Quarter 2021 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 …
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At Dh853m for Q1-2021, Dubai Islamic Bank’s net profit is definitely in recovery mode
Dubai: Dubai Islamic Bank will take a lot of strength from its first quarter 2021 numbers, with net profit up a whopping 2,337 per cent compared to what it was in the final three months of 2020.
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Dubai’s Gulf Navigation refinances its biggest loan, eyes Dh4m in savings
Dubai: In what could be a significant boost to its cashflow position, Gulf Navigation Holding has restructured its biggest loan exposure of Dh200 million. As per the new terms, the cost of paying off …
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Crown Prince: Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor
Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company. Crown Prince Mohammed …
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Hedge-Fund Trader Wins Dismissal of $2 Billion Cum-Ex Case
Hedge Fund trader Sanjay Shah won a U.K. court ruling throwing out a 1.5 billion-pound ($2 billion) lawsuit filed by Danish tax officials over Cum-Ex trades.
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