DUBAI — Younis Haji Al Khoori, undersecretary of the Ministry of Finance, stressed the importance of global coordination to support countries in creating the necessary fiscal space to respond to …
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DIFC reports 25% growth in number of companies in the first half of 2020
“The Dubai International Financial Centre’s ability … Samba Financial Group, Gazprom Bank, Vending Market, Brookfield Private Capital and Decimel Factor Middle East. Whereas, Ripple and …
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RBI directs HDFC Bank to return Rs 210 crore taken from Altico Capital’s account to Mashreq Bank: Report
HDFC Bank had debited the amount through an external commercial borrowing (ECB) from Dubai-based Mashreq Bank. Altico had parked the sum originally raised from Mashreq with the Indian private sector …
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Economic Citizens of St Kitts and Nevis Pass Toughest Vetting, PM Harris Tells UAE Newspaper
Individuals who have become citizens of the Federation of St Kitts and Nevis through the Citizenship by Investment (CBI) Programme will have passed some of the toughest due diligence checks. Prime Min …
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UAE president orders reshuffle of central bank
The reshuffle follows the appointment of Abdulhamid Saeed as governor in April. Sheikh Mansour bin Zayed al-Nahayan, a member of Abu Dhabi’s ruling family and deputy prime minister, was appointed …
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L&T Finance Holdings to wind up Dubai wealth management business
New Delhi, Jul 17 (PTI) L&T Finance Holdings Ltd (L&TFH) on Friday said it has decided to wind up its Dubai-based subsidiary L&T Capital Markets (Middle East) Ltd, after the proposed sale plan …
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RAKWA Boosts Water Sustainability in UAE with Infor EAM
Infor, a global leader in business cloud software specialized by industry, today announced that Ras Al Khaimah Wastewater Agency (RAKWA) has deployed Infor EAM, a powerful enterprise asset management …
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Decree issued to restructure UAE central bank’s board of directors
Pursuant to the Decree, the central bank’s board of directors shall be reconstituted by the following members: Abdulrahman Saleh Al Saleh as vice-chairman; Abdulhamid Mohammed Saeed as governor; and …
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President issues Federal Decree restructuring Central Bank of UAE
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE (CBUAE), under the chairmanship of Sheikh …
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UAE president orders reshuffle of central bank board of directors – state news agency
The United Arab Emirates president ordered the reshuffle of the central bank’s board of directors, state news agency WAM said on Thursday. The reshuffle follows the appointment of Abdulhamid Saeed as …
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Decree to restructure UAE Central Bank board of directors issued
The UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan issues a decree on Thursday to restructure the UAE Central Bank board of directors chaired by Sheikh Mansour Bin Zayed.
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UAE president orders reshuffle of central bank board of directors – WAM
DUBAI – The United Arab Emirates president ordered the reshuffle of the central bank’s board of directors, state news agency WAM said on Thursday. The reshuffle follows the appointment of Abdulhamid …
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Decree to restructure Central Bank of UAE
ABU DHABI – President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE, CBUAE, under the chairmanship of …
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UAE banking resilient; Covid poses challenges
The UAE banking system entered 2020 from a strong position despite the significant uncertainties from the Covid-19 pandemic.
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Saudi Arabia’s Almana General Hospitals in early talks for IPO-sources
Saudi Arabia’s Almana General Hospitals (AGH) is in early talks with banks about an initial public offering on the kingdom’s Tadawul exchange, two sources with knowledge of the matter told Reuters. By …
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UPDATE 1-Saudi Arabia’s Bindawood postpones IPO to September -sources
Saudi Arabian supermarket retailer Bindawood Holding has postponed its planned initial public offering (IPO) to September, two sources with knowledge of the matter told Reuters.
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MIDEAST DEBT-Real estate giant’s downgrade may increase Dubai financing cost
A downgrade last week of Dubai’s flagship real estate company will likely push up the emirate’s borrowing costs if it decides to refinance $750 million in bonds due in October, bankers and analysts …
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