The Central Bank of the UAE (CBUAE) on Thursday announced a new liquidity management facility (ILF), which will be introduced as part of the implementation plan of the new Dirham Monetary Framework.
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Commercial Bank of Dubai wins three awards at the fourth edition of Transformers Awards
Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, has won three awards at the fourth edition of the Middle East and Africa Banking Resilience and Transformation Conference. CBD’s …
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Emirates NBD to sell controlling interest in Dubai Bank to Abu Dhabi-based Eradah Capital
Emirates NBD is to sell a major stake in Dubai Bank to Abu Dhabi-based private limited company Eradah Capital. A statement to the Dubai Financial Market (DFM) said: “Emirates NBD Bank (PJSC) confirms …
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This UAE Stock Is Up 70% in Three Weeks and Nobody Knows Why
“IHC isn’t any other company,” said Vijay Valecha, chief investment officer at Century Financial, a Dubai-based consultancy. “The shares aren’t for the faint-hearted, as any management …
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Saudi bourse restructures itself with eye on IPO in second half
Once completed, the reorganisation would make it the third publicly listed stock exchange in the Gulf after the Dubai Financial Market and Boursa Kuwait. The exchange hired HSBC Holdings in 2016 …
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Saudi Central Bank outlines COVID-19 strategy to IMF
When it comes to GCC, Saudi Arabia and the UAE are the shining lights — both having rolled out successful vaccination programs for their populations …
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Saudi bourse revamps corporate structure, targeting IPO in 2021
In March, Reuters reported that bourse has invited banks to pitch for its IPO. Sarah al-Suhaimi will chair the new group … That compares with about $18bn in the Dubai Financial Market PJSC, which …
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Saudi Exchange restructures into Saudi Tadawul Group ahead of targeted IPO
The reorganisation and upcoming IPO are part of the vision to place Kingdom’s financial markets among the world leaders …
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Bank of Nevis International targets Dubai millennials with impact investments
Bank of Nevis International Trust Services Inc. (Bonits), a provider of migration investment, trust, and company formation services, has launched its first international outpost office in Business Bay …
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Saudi Exchange Revamps Corporate Structure, Targeting IPO
The newly created Saudi Tadawul Group will have four subsidiaries, comprising the exchange, a clearing center, a depository company and a technology-services business. The changes create the …
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UAE’s President Sheikh Khalifa appoints new central bank governor
United Arab Emirates President Sheikh Khalifa bin Zayed has appointed Khalid al-Tameemi as governor of the UAE’s central bank, state news agency WAM said, …
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UAE Appoints Veteran Al Tameemi as Central Bank Governor
The United Arab Emirates appointed financial services veteran Khaled Mohammed Al Tameemi as the Gulf nation’s central bank governor as it plots a way out of the pandemic-driven economic downturn. Al …
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UAE central bank issues best practice rules for financial products
The purpose of the regulation was to improve SMEs’ access to financial products and services, following the launch of its new regulatory framework for financial consumer protection, the central bank …
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Tristar Transport launches IPO of up to 24% stake
Tristar Transport, a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, has launched its initial public offering (IPO) on the Dubai Financial Market (DFM). The …
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Revealed: Most common scams in UAE
Prize scams using phone calls, fake discount offers, WhatsApp account takeover fraud and fake delivery emails were some of the most common scams witnessed by the UAE banking sector during the Covid-19 …
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Nasdaq Dubai welcomes listing of $2.5b Sustainability Sukuk by IsDB
Proceeds of the Sukuk will be allocated to finance and refinance green and social development projects that are eligible under IsDB Sustainable Finance …
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UAE to create 25,000 jobs in vital sectors over next five years
alongside its continued mandate to provide Emiratis with housing finance. In addition to providing flexible housing solutions, EDB will complement its offering to companies and entrepreneurs with …
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