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Tag: finance

Posted on 25/09/2020

$2.5trln Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s social role …
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Posted on 25/09/2020

10 Most Profitable TV Shows in 2020

From the deadly bushfire in Australia which affected other countries to New Zealand where glaciers turned brown, floods in Dubai and Indonesia … never mentions this but he is one of the first hedge …
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Posted on 25/09/2020

20 Cities with the Most Skyscrapers in the World

Below we presented the list of 20 cities with the most skyscrapers in the world. Click to skip ahead and jump to the top 10 cities with the most …
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Posted on 25/09/2020

IPO Launch: Yalla Group Targets $149 Million U.S. IPO

Yalla Group Limited (YALA) intends to raise $149 million in an IPO of its American Depositary Shares [ADSs] representing underlying Class A shares, according to an F-1 registration statement. Dubai, …
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Posted on 24/09/2020

$2.5t Islamic finance sector to rebound gradually

Covid-19 offers an opportunity for more integrated and transformative growth with a higher degree of standardisation, stronger focus on the industry’s …
( read original story …)


Posted on 24/09/2020

Open for business: How UAE-Israel peace is driving deals at breakneck speed

The news, announced August 13, has led to a slew of deals in recent weeks, with the establishment of a business council and signing of finance, tourism, and other agreements. In what some are calling …
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Posted on 24/09/2020

Saudi Arabia’s BinDawood Holding to delay IPO retail offer

Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer that requires disclosure in a supplementary prospectus would delay the retail part of an initial …
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Posted on 24/09/2020

Saudi Arabia’s BinDawood Holding to delay IPO retail offering

Saudi Arabia’s BinDawood Holding said on Thursday a development relating to the supermarket retailer which requires disclosure in a supplementary prospectus would result in a delay of the retail part …
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Posted on 24/09/2020

UAE central bank urges banks to step up anti-money laundering efforts

The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country. Adds details DUBAI, Sept 24 (Reuters) – The United Arab …
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Posted on 24/09/2020

Central bank forecasts UAE GDP to contract 5.2 per cent in 2020

According to the central bank report, the third quarter would register a milder contraction of the non-hydrocarbon GDP that could linger, albeit at a much milder pace, in the four …
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Posted on 23/09/2020

Yalla updates IPO terms, seeks up to $167.4M

Dubai voice-chat app Yalla (YALA) updates the terms of its NYSE IPO to specify 18.6M ADSs at $7-9 per ADS.Underwriters have a 30-day option to purchase an additional 2.79M ADSs at the offering …
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Posted on 23/09/2020

Voice-centric social platform Yalla Group sets terms for $149 million US IPO

Yalla Group, which provides a voice-centric social networking and entertainment platform in the Middle East and North Africa region (MENA), announced terms for its IPO on Wednesday. The Dubai, United …
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Posted on 23/09/2020

UAE announces details of economic substance regulations

ABU DHABI – The Ministry of Finance, MoF, announced today the details of the Cabinet … “This resolution resulted from constructive consultations undertaken by the UAE with its partners in the …
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Posted on 23/09/2020

Statement from H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance on Saudi National Day

The strategic historical bilateral ties between the UAE and Saudi Arabia were laid by the UAE’s Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, and was further strengthened by the …
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Posted on 23/09/2020

UAE Central Bank Forecasts Deeper Economic Contraction This Year

The economy of the United Arab Emirates will suffer a deeper contraction this year than first estimated, dragged down by disruptions caused by the coronavirus pandemic, according to the country’s …
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Posted on 23/09/2020

UAE- Hamdan bin Rashid receives Rashid bin Humaid Al Nuaimi

H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, received today at his palace in Zabeel Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and …
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Posted on 23/09/2020

COVID-19: Will salary cuts be the new normal in UAE?

So, bringing down the employee numbers is the only way to manage costs – and most of the cuts will continue to happen in the mid- and senior management levels. “Salary reinstatements will not happen …
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