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Tag: finance

Posted on 12/04/2021

Central Bank appoints head of UAE financial intelligence unit

Ba’Alawi has been acting head of the FIU since March 2018 and brings more than ten years specialist experience to the role. The Governor of the Central Bank of the UAE (CBUAE) has appointed Ali Faisal …
( read original story …)


Posted on 12/04/2021

UPDATE 1-Abu Dhabi’s ADNOC, Dutch-listed OCI weigh IPO of fertiliser joint venture -sources

The business is expected to be next in line for a listing, after ADNOC completes the IPO of its drilling business … and merchant ammonia at four subsidiaries in Egypt, the United Arab Emirates and …
( read original story …)


Posted on 11/04/2021

UAE’s Mubadala May Join $12 Billion Aramco Oil Pipelines Deal

An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.Mubadala Investment Co., a fund with $232 …
( read original story …)


Posted on 11/04/2021

UAE Ramadan scheme: Feed the needy for as low as Dh1

Providing food during the holy month of Ramadan is the best we can give from the UAE to humanity. For a donation of as low as Dh1, you can take part in the region’s biggest food donation drive …
( read original story …)


Posted on 11/04/2021

UAE’s flydubai says fleet not affected by possible 737 MAX electrical issue

United Arab Emirates airline flydubai said on Sunday its 14 Boeing 737 MAX jets were not affected by a potential electrical problem in certain jets. Other airlines withdrew dozens of 737 MAX aircraft …
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Posted on 11/04/2021

Mubadala discusses GlobalFoundries IPO at $20bn value

The sovereign wealth fund has been having initial discussions with potential advisers about a listing of GlobalFoundries that could value the business at about $20bn, according to the people. It …
( read original story …)


Posted on 11/04/2021

The rise of contactless payments in the UAE

Emirates NBD, Dubai’s largest bank and a front-runner in digital banking, said it saw contactless payment transactions which include contactless card and mobile wallet-based payments rise by 59 …
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Posted on 11/04/2021

UAE’s largest lender unveils payments subsidiary Magnati

Existing payments business is now a fully owned subsidiary as it looks to build on $18bn deals in 2020 First Abu Dhabi Bank (FAB), the UAE’s largest lender, has completed the carve out of its payments …
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Posted on 11/04/2021

UAE appoints new central bank board members

The United Arab Emirates named new members of the board of its central bank including two vice chairmen in a decree issued on Saturday, state news agency …
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Posted on 10/04/2021

UAE- Buy and invest in gold: Here’s what you should know

Suneeti Ahuja Kohli Suneeti Ahuja-Kohli has been in Dubai long enough to call it her … For now, she writes frequently on personal finance, retirement planning, business news and features …
( read original story …)


Posted on 10/04/2021

UAE appoints new central bank board members -WAM

The United Arab Emirates named new members of the board of its central bank including two vice chairmen in a decree issued on Saturday, state news agency WAM reported. Abdulrahman Saleh Al Saleh and …
( read original story …)


Posted on 10/04/2021

The UAE pours billions into Indonesia’s sovereign wealth fund

The United Arab Emirates will invest $10bn in Indonesia’s new sovereign wealth fund (INA) to be spent on projects inside Southeast Asia’s biggest economy, including toll roads …
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Posted on 10/04/2021

Sheikh Mansour to head UAE Central Bank board of directors

The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, on Saturday issued a federal decree to reconstitute the board of directors of the Central Bank of the UAE. The board will be headed by …
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Posted on 10/04/2021

Dubai: Learning from experience – Leading by example

What they don’t talk about enough is that fact that UAE is ranked amongst the top 20 countries in The World Bank’s 2020 Doing Business Report and it employs the most effective investor friendly legal …
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Posted on 09/04/2021

UAE’s Oil Giant Looks To List Drilling Business In Local IPO

setting an IPO offer price that valued the unit at US$8.5 billion. Last year, after oil prices crashed and OPEC+, including the UAE, had to curtail massive production volumes to rebalance the …
( read original story …)


Posted on 09/04/2021

Abu Dhabi oil giant ADNOC considers IPO of drilling business – sources

DUBAI- Abu Dhabi National Oil Company (ADNOC … ADNOC has held discussions with banks over the potential initial public offering (IPO), said the sources, who declined to be named as the matter is not …
( read original story …)


Posted on 09/04/2021

MoF organises a workshop on collecting UAE Government Finance Statistics

This is in line with the ministry’s efforts to strengthen financial management federally, support the development process, and achieve financial stability …
( read original story …)


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