The United Arab Emirates central bank expects consumer prices to start rising again in the second half of 2021.
( read original story …)
MoF Organises A Virtual Workshop On The Saudi Ministry Of Finance’s Experience In Joining The SDDS
As part of its ongoing efforts to improve government financial work in the UAE and enhance financial disclosure and transparency processes in accordance …
( read original story …)
UAE: Where does the money for credit card rewards come from? If you thought credit card companies, think again!
Dubai: Credit card companies are offering better rewards and signup bonuses, and you as a consumer earn points, miles, and cash back. But how do card companies afford to offer such rewards? Credit …
( read original story …)
EDB allocates Dhs30 million to finance SMEs
Emirates Development Bank (EDB) on Sunday announced that it has signed an agreement with Beehive, the UAE’s first Peer-to-Peer (P2P) platform, to expand funding options for the Small and Medium-sized …
( read original story …)
Dubai fund ICD sells minority stake in Abu Dhabi Commercial Bank shares, say sources
Investment Corp of Dubai (ICD) was the undisclosed investor who last week sold $300 million of shares in Abu Dhabi Commercial Bank, the third-largest …
( read original story …)
Dubai royals share rare family photos of Sheikh Mohammed, late Sheikh Hamdan in touching Father’s Day tribute
Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, took to Instagram on Monday morning to post multiple family snaps of herself with her father, the …
( read original story …)
Besix Group seals $1.2bn Dubai WTE plant finance agreement
Besix, a leading Belgian infrastructure group with a major presence in the Middle East, has announced the financial close of Dubai Waste-to-Energy, a mega project being developed in partnership with a …
( read original story …)
Dubai fund was seller of Abu Dhabi Commercial Bank shares -sources
Investment Corp of Dubai (ICD) was the undisclosed investor who last week sold $300 million of shares in Abu Dhabi Commercial Bank ADCB.AD, the third-largest lender in the United Arab Emirates, two …
( read original story …)
Islamic banks account for 19% of UAE banking assets
Fully-fledged Islamic banks’ assets in the UAE during 2020 accounted for about 19 per cent of total banking system assets, while Islamic windows’ [Islamic financial services offered by conventional …
( read original story …)
Woonkly to Sponsor the Most Prestigious Blockchain Congress in Dubai
TALLIN, ESTONIA / ACCESSWIRE / June 18, 2021 / The tech company will be the main sponsor of the Global Blockchain Congress in Dubai on June 21 and 22. Woonkly, the startup that aspires to become a …
( read original story …)
UAE Central Bank finds banking sector resilient in its new Financial Stability Report
Dubai: Key solvency and liquidity indicators that demonstrate the resilience of the UAE’s financial system amid the COVID-19 pandemic remained robust according to the Central Bank of the UAE’s (CBUAE) …
( read original story …)
UAE central bank expects GDP growth as country recovers from COVID restrictions
The central bank of the United Arab Emirates said the country’s gross domestic product will grow 2.4% this year and 3.8% in 2022 as the economy recovers from restrictions imposed during the COVID …
( read original story …)
Saudi Arabia dominates slow MENA IPO market in Q1
MENA IPOs lagged the global market in Q1, which was the best first quarter in terms of both deal numbers and proceeds for the 20 years …
( read original story …)
Meet the Paytm ‘mafia’ who have set out to carve their own path
There is something about Paytm. The Indian multinational technology company has encouraged the spirit of entrepreneurship, pushing its team members to think big and out of the box. The outcome is …
( read original story …)
India’s entrepreneur Nikhil Kamath strikes gold with Middle East investors
True Beacon Global, Kamath’s new international fund, sees a 20 percent month-on-month jump in investments from the region …
( read original story …)
UAE central bank raises benchmark interest rate in step with Fed
The United Arab Emirates central bank raised its key overnight interest rate by 5 basis points on Thursday, in step with a similar move by the U.S. Federal Reserve a day earlier. DUBAI, June 17 …
( read original story …)
Investor sells $300 mln worth of shares in UAE’s ADCB -term sheet
An undisclosed investor has sold 1.1 billion dirhams ($300 million) worth of shares in Abu Dhabi Commercial Bank (ADCB.AD), United Arab Emirates’ third-biggest lender, a term sheet seen by Reuters …
( read original story …)