Tag: finance

A Middle East-based decentralized finance (DeFi) mutual fund has raised almost $10 million in just two weeks, highlighting huge demand for these investment vehicles. On April 13, the United Arab …
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Image Credit: Supplied Dubai: Omnichannel marketing communications … Vaibhav Paranjpe has been named Senior Vice President and Head of Finance and Administration. Paranjpe has two decades …
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MoU focuses on cooperation and information exchange in supervision and resolution Dubai: The Dubai Financial Services Authority and the Bank of Italy signed a Memorandum of Understanding (MoU) to …
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Al Maryah Community Bank says it will become the first digital bank to serve UAE customers after receiving approval from the central bank Al Maryah Community Bank on Tuesday said it will become the …
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Dubai Islamic Bank (DIB), the largest Islamic lender in the United Arab Emirates, launched a $500 million sale of Additional Tier 1 sukuk at 3.375% on Tuesday, setting a record low rate for the …
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With the support of 10 specialised volunteer trainers, who were recruited in partnership with the UAE Banks Federation, the hands-on programme saw the participants study six modules, giving them an …
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An earlier plan to launch IPO in 2018-19 was shelved after US tariff move Abu Dhabi: Abu Dhabi wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates …
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New bank aims to build a base among individuals and small businesses Dubai: The UAE Central Bank has granted the first license for an all-digital bank. The Al Maryah Community Bank, as the new …
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Abu Dhabi Islamic Bank (Adib) announced on Monday it would postpone one monthly instalment of its eligible customers at no fees or extra charges to provide relief and help customers better manage …
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Abu Dhabi sovereign wealth fund Mubadala Investment Co. said it’s “close” to an initial public offering of Emirates Global Aluminium PJSC as it studies other major deals including a role in a …
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Dubai recorded exceptional inflows of foreign direct investments … 12 minutes ago Mubadala invests record amount in 2020, eyes aluminium IPO: CEO Abu Dhabi state investor Mubadala invested a record …
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Separately, Mubadala Investment Company has invested $75 million in 5-year pre-IPO convertible bonds of Telegram … Dubal Holding’s decision to acquire a majority stake in Dubai-based aluminium …
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“Al Maryah Community Bank” has announced the receipt of Central Bank of UAE’s license making it the first specialized digital bank to serve the UAE community through using state-of-the-art new age …
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“We’ve been thinking about this for a couple of years and waiting for the right time for that business to be IPO’d,” Chief … and Investment Corp. of Dubai.
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He said Emirates Global Aluminium, which is owned by Mubadala and Investment Corp of Dubai, is well placed for an initial public offering. “This company is now a very mature business, a very …
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including Smart Dubai and the Dubai Department of Finance, developed the Dubai Cashless Framework Report, with an objective to enable all transactions in Dubai to be made through cashless …
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“We aim to grow from being a UAE centric organisation to live in our footprints across … Ammar Al Ghoul, Chief Financial Officer, said the company plans to finance the Egyptian purchase through a …
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