Bitcoin fell back sharply last week after hitting a record high of $61,781.83 as US President Joe Biden signed off on his $1.9 trillion fiscal stimulus …
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Barbeque Nation IPO: Popular Dining Chain to Open Public Offering on March 23. Check Subscription Details
Barbeque Nation Hospitality, the popular casual dining chain of restaurants, is all set to open its initial public offering (IPO) for subscription on March 24 at a price band of Rs 498 to Rs 500 per …
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UAE: ‘Two unauthorised transactions on credit card without OTP, when will the bank return my money?’
Bank reversed the amount after Gulf News’ intervention …
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Policybazaar raises $75M led by Falcon Edge Capital ahead of IPO
Indian Insurance aggregator, Policybazaar raises $75M funding in a round led by Falcon Edge capital, prior to company’s IPO plans.
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Hypnotherapy Healing Dubai Relationship Coaching Anxiety Trauma Therapy Launched
Heart Wisdom Process has launched a new hypnotherapy healing service for clients in Dubai. They aim to provide clients with a unique Eastern approach blended with hypnosis for trauma, anxiety …
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Dubai’s fintech startup Invoice Bazaar to be acquired by Singapore’s Triterras Inc.
Dubai, UAE-based fintech startup Invoice bazaar, has lately shared that the company is set to get acquired by Singapore-based Triterras Inc.
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Fund transfers between UAE banks reach Dhs745.27 billion in January
The total value of fund transfers among the UAE’s banks amounted to Dhs745.27 billion in January 2021, according to the statistics released by the Central Bank of the United Arab Emirates.
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UAE central bank issues new rules for payments systems in country, settling dirhams overseas
The Central Bank of the UAE has issued two new regulations that apply to payment systems operating in the country and payment systems that offer clearing or settlement in dirhams outside the UAE. The …
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Last week in startup funding: Policybazaar’s pre-IPO round, space tech funding and more
Insurance marketplace Policybazaar raised $75 million in the run-up to its public offering- the largest deal in the week ended March 19, 2021. Policybazaar raised $75 million led by Falcon Edge …
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UAE-GCC states trade tops $62 billion in 2019
Younis Haji Al Khouri, Under-Secretary of the Ministry of Finance (MoF) noted that cooperation with its GCC partners lies at the heart of UAE’s economic priorities, reported Emirates news agency Wam.
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What the growing trade gap means for UAE businesses
Before Covid-19, the world’s trade finance gap stood at $1.5 trillion, according to the Asian Development Bank (ADB) and International Chamber of Commerce (ICC). Maham Siddique, Regional Marketing …
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UAE gross bank assets hit AED3.17 trillion
The UAE gross bank assets, including bankers’ acceptances, rallied to AED3.172 trillion by the end of January 2021, figures by the Central Bank of the UAE have shown. Gross credit in the banking …
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UAE economy to grow 2.5% in 2021 after shrinking 5.8% last year -c.bank
The United Arab Emirates economy contracted 5.8% last year but is likely to post 2.5% growth this year, the UAE central bank said in a report on Thursday. DUBAI, March 18 (Reuters) – The United Arab …
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Policybazaar gets $75 million from Falcon Edge for UAE business
The UAE arm is a subsidiary of EtechAces Marketing & Consulting, which runs Policybazaar and Paisabazaar, and is aiming for an initial public offering (IPO) this year. Policybazaar said the financing …
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India, UAE vow to strengthen energy cooperation – minister
India and the UAE on Wednesday discussed ways to strengthen energy cooperation, India’s oil minister Dharmendra Pradhan said, despite the South Asian nation asking its refiners to reduce their …
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How the UAE’s largest Islamic bank helped 54,000 customers during pandemic
The UAE’s largest Islamic bank on Wednesday said it has provided relief measures totalling AED9 billion ($2.45 billion) to more than 54,000 customers to mitigate the impact of the coronavirus pandemic …
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Biotech startup Nano Cures raises $90M ‘pre-IPO’
Nano Cures Inc., a clinical-stage biotechnology startup in Austin, announced last week a $90 million “pre-IPO” funding round that was led by a $20 million investment from Opulence Capital Management, …
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