Tag: finance

Despite the unwavering advantages found in financing renewable energy efforts, a majority of financial institutions in the UAE are hesitant to participate on account of numerous v …
( read original story …)

---

Arif Amiri, the CEO of Dubai International Financial Centre Authority, said precautionary and social distancing measures will remain in place in line with the latest guidance from Dubai authorities to …
( read original story …)

---

After a very productive outing last week as the British horse racing season resumed following a hiatus, Godolphin are double-handed in Australia on Saturday. The Dubai horse racing operation conjured …
( read original story …)

---

Crude oil has run into profit taking following the OPEC+ expected and already priced in decision to extend production cuts to end July. Multiple challenges to oil’s continued recovery exists and with …
( read original story …)

---

Commercial Bank of Dubai has opened up its shares to foreign investment. The bank has set a foreign ownership limit (FOL) of 40 percent after receiving regulatory approval. Shareholders had previously …
( read original story …)

---

In an update on Dubai Financial Market, the bank said the largest purchase by one single investor was 10,116,892 shares on May 28, the date when the transactions took place. “This increase in purchase …
( read original story …)

---

End users are wary of committing to buying when property prices are still falling COVID-19: Cancelled UAE visa – do you need to pay overstay fines? COVID-19: I had a baby but lost my job – should I …
( read original story …)

---

Pinsent Masons has appointed former Norton Rose Fulbright partner Matthew Escritt to lead the firm’s Middle East banking and finance practice from Dubai. Escritt was with Norton Rose Fulbright for 19 …
( read original story …)

---

Perhaps nowhere is the world’s lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world’s busiest for international travel. Its …
( read original story …)

---

supply chain and receivables finance cash management and foreign exchange solutions” for the completion of the railway. The portion of the project that is being financed involves the construction of a …
( read original story …)

---

Deputy Ruler of Dubai and Minister of Finance, as per the Article of Association of the Company, which requires the re-appointment of the Directors, after a period of three years. The members of the …
( read original story …)

---

Dubai’s stock market fell on Tuesday, snapping six sessions of gains, dragged by property shares and profit-taking, while the Saudi index rose modestly. June 9 (Reuters) – Dubai’s stock market fell on …
( read original story …)

---

Dubai Islamic Bank tightened the price guidance for its planned issuance of long five-year dollar sukuk and received more than $4.15 billion in orders for the Islamic bonds, a document showed on …
( read original story …)

---

The MENA region recorded an increase in IPO volume and value during Q1 2020, with four IPOs raising total proceeds of $814.2 million. This represents a 14-fold increase when compared to the $57.6 …
( read original story …)

---

The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
( read original story …)

---

Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey conducted by Finastra research revealed. Open Banking is a system that provides …
( read original story …)

---

The report said that the top 10 UAE banks reported a combined 6.3 per cent quarter-on-quarter drop in interest income, largely due to the low interest rate environment. The net profit declined by 22.4 …
( read original story …)

---