Dubai: The UAE’s economic growth is projected … according to the latest forecast by the Institute of International Finance (IIF). The IIF expects a 5 per cent decline in the average GDP …
( read original story …)
Dubai Court holds bank liable in SIM swap fraud case, customer paid Dh5.6 million
Dubai: A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being …
( read original story …)
Dubai Court judgement holding bank liable in SIM swap fraud sets a precedent
A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being announced by …
( read original story …)
My Bank in the UAE Kept Making it Impossible to Sell My Flat
Debt problems are very frustrating when the bank you owe can’t seem to get the account in order to allow you to sell your property.
( read original story …)
UAE plans to issue first federal bonds in Q4 or early 2021: Media report
The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. The UAE …
( read original story …)
UAE plans first federal bonds in Q4 or early 2021 – Al Roeya paper
The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. DUBAI, Oct …
( read original story …)
UAE Federal tax Authority introduces new version of eDirham
FTA stresses the necessity for all those registered with the Authority who are eDirham users to prepare to switch to the new version of the eDirham …
( read original story …)
Israeli cabinet approves UAE deal, Netanyahu says will meet its leader
Israel’s cabinet approved a normalisation deal with the United Arab Emirates on Monday and Prime Minister Benjamin Netanyahu said he and Abu Dhabi’s crown prince had spoken and agreed to meet soon.
( read original story …)
HPD LendScape Partners With Emirates Development Bank to Launch New National Supply Chain Finance Platform
HPD LendScape, a leading international secured lending platform vendor, today announces it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) …
( read original story …)
Emirates Development Bank launches supply chain finance platform to help UAE businesses
Emirates Development Bank launched a National Supply Chain Finance platform on Sunday to help the country’s businesses and SMEs gain easy access to the working capital amid the coronavirus pandemic.
( read original story …)
Saudi’s National Commercial Bank buys Samba in $14.8B deal
Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what …
( read original story …)
NCB-Samba to merge into Saudi banking heavyweight
RIYADH/DUBAI (Reuters) – Saudi Arabia’s biggest lender National Commercial Bank (NCB) has entered a binding merger agreement with smaller lender Samba Financial Group to create a combined entity with …
( read original story …)
Emirates Development Bank launches national supply chain finance platform
Abu Dhabi: Emirates Development Bank (EDB) today announces the launch of UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital by enabling …
( read original story …)
U.S. should try to delay IPO of China’s Ant Group, Senator Rubio says
The Administration should take a serious look at the options available to delay Ant Group’s IPO,” he added.
( read original story …)
Why Yalla Stock Just Went Up 11%
And what a week it’s been! After trading began at an offer price of $7.50 per American depositary share, Yalla opened at $9.75 (30% above the offer price) then closed the day at $7 (7% below the offer …
( read original story …)
UAE, Swiss ministers discuss ways to enhance financial partnerships
The UAE will continue to participate in the G20’s Global Partnership for Financial Inclusion, GPFI, for the next three years as a non-G20 member. Younis Haji Al Khoori, Undersecretary of the Ministry …
( read original story …)
Most major Gulf markets little changed; Air Arabia lifts Dubai
Major stock markets in the Gulf were little changed in early trade on Thursday, with Air Arabia helping the Dubai index stay in positive territory.
( read original story …)