Tag: finance

Unified Global Legislative Framework for Islamic Finance In May 2020, the UAE Ministry of Finance, in partnership with the Islamic Development Bank (IsDB) and DIEDC, announced the launch of a new …
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Etihad Credit Insurance says support translates to $272m in turnover for smaller businesses in the UAE during pandemic …
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(AI) technology can support Middle Eastern government budgets by up to $7 billion annually. How is the UAE gearing up for that? McKinsey & Company predicts a $5 to $7 trillion potential economic …
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In July this year, L&T Finance Holdings had proposed a voluntary wind-up of one of its wholly-owned subsidiaries incorporated in Dubai, UAE. The company had been incorporated to carry on the off-shore …
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Economic activity in the UAE recovered partially in the third quarter, but the bounce back remained fragile, according to Central Bank of UAE (CBUAE). In its ‘Quarterly Economic Review …
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The United Arab Emirates will likely suffer a deeper economic contraction this year than previously estimated, hurt by disruptions caused by the coronavirus pandemic and lower oil prices.
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Saif, the chief executive of the finance ministry’s debt management centre, as its new corporate finance head.
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With prices soaring to unrealistic levels this week, market gurus are sounding the alarm Dubai: With Bitcoin prices … meaning large hedge funds and publicly traded companies are driving these …
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Saudi Arabia, UAE bankrolling normalisation agreements. Saudi Arabia and the UAE are pumping in huge sums of money in order to finance the normalisation agreements that some Arab …
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Documents reviewed by Bloomberg News reveal the extent of services the bank provided Crown Prince Mohammed bin Zayed.
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UAE real estate stocks’ rise of recent days come … DXBE hasn’t made a single yearly profit since listing. The IPO was valued at Dh5.75 billion, roughly 9 times more than Meraas’s own estimates.
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LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab …
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Dubai: The Central Bank of the UAE has launched a new securities issuance programme – Monetary Bills – for licensed financial institutions and eligible investors. These securities will be …
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The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and …
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The UAE Central Bank’s SVF Regulations released in early November repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). The new SVF …
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Meanwhile, World Bank data reveals that the SMEs represent about 90 per cent of businesses and more than 50 per cent of employment worldwide. In the UAE, the Federal Competitiveness and Statistics …
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Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued AED420 million worth of trade credit support to small and medium enterprises (SMEs) from January to November 2020, …
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