East has illegally cleared one and half dozens vehicles on false documents beyond legal entitlement in violation of Import Policy Order (IPO) 2020. According to an FIR, one and half dozens vehicles …
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Sweden’s Trustly Is Latest FinTech To Test IPO Waters
The Swedish FinTech Trustly is readying up an initial public offering for the Stockholm market that could value the company at $11 billion, or 9 billion euros.
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New debt policy to stimulate UAE financial sector
The introduction of the securities should begin the development of a secondary market for local currency debt.
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Leading in the era of digital banking
State Bank of India serves over 44 crore customers with customised products and services, including a diverse loan portfolio.
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SH Capital Ltd launches in Dubai to empower SMEs with global banking services
The Stanhope Financial Group subsidiary aims to help clients get better returns than traditional banking deposit accounts can offer …
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Sweden’s Trustly plans $11 billion IPO as digital payments boom: sources
Swedish payments firm Trustly plans to take advantage of a surge in digital transactions in the COVID-19 pandemic with a second-quarter flotation that could value it at up to 9 billion euros ($11 …
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CBUAE conducts cyberattack simulation on banking sector
The Central Bank of the UAE (CBUAE) conducted a cyberattack simulation exercise designed to test the resilience of the UAE’s banking sector.
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UAE Cabinet Approves Establishing Embassy In Tel Aviv Months After Relations Normalise
UAE approved the opening of its Embassy in Tel Aviv. This comes months after the two nations agreed to normalise relations …
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UAE conducts cyberattack simulation on banking sector
The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against any potential cyber threats.The regulator said the …
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London stock market ready for strong IPO year
London set for a strong year for stock market flotations, said analysts, adding that the Brexit and coronavirus pandemic allows firms to enlarge. Big-name businesses have announced plans for initial …
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Strong catalysts could support IPO activity in Saudi and UAE in 2021
Kuwait-based Kamco Invest expects the GCC initial public offering (IPO) market to remain active in 2021, given the number of catalysts that could support primary markets within the region. In a report …
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Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM
Dubai’s main equities index led losses in the Middle East after a fresh set of restrictions to contain the spread of coronavirus as cases keep rising. Banks in Kuwait advanced on potential dividend …
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Commercial Bank of Dubai’s Stefan Kimmel joins ‘Doubling-down on digital’ roundtable
ITP.net’s ‘Cashing in on Digitalisation in Banking’ event is set to air on 9th February and will feature top insights from banking, finance and technology leaders …
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UAE: Cleaner steals Dh10,000 at Dubai bank, stands trial
An Asian cleaning worker of a bank stood trial in a Dubai court for stealing Dh10,000 from the bank. According to court documents, the man was arrested after a woman employee at the bank complained …
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UAE hosts sixth Arab Finance Deputies Meeting
The UAE hosted the sixth Arab Finance Deputies Meeting, organised by the Arab Monetary Fund (AMF) in cooperation with the UAE Ministry of Finance (MoF). virtually on 20th and 21st January. Younis Haji …
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HSBC plans ambitious UAE growth with balance sheet of ‘billions of dollars’
Abdulfattah Sharaf, group general manager, CEO of HSBC UAE and head of international, HSBC Bank Middle East Limited, speaks exclusively to Arabian Business as the lender prepares to open its new priva …
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Trump removes tariffs on aluminum from UAE shortly before leaving office
In his final hours as president, Donald Trump lifted a 10 percent tariff on aluminum from the United Arab Emirates (UAE).
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