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Tag: finance

Posted on 04/03/2021

Covid: Hearing-impaired UAE residents struggling with new normal

The new world of online learning and remote working has been particularly hard on those with hearing impairments. While they have been able to identify their tutors, deaf students in mainstream …
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Posted on 04/03/2021

Venezuela sent gold to Mali, UAE for cash, opposition claims

Maduro’s government got about $1.21bn from the trade despite crippling US sanctions, an opposition figure alleges.
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Posted on 04/03/2021

Dubai Financial Services Authority (DFSA), UAE Banks Federation (UBF), And ICAEW Host A Special Briefing On IFRS-9

The Dubai Financial Services Authority (DFSA), along with UAE Banks Federation (UBF) and the Institute of Chartered Accountants in England & Wales (ICAEW) hosted a special briefing earlier today where …
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Posted on 03/03/2021

Property shares buoy Dubai as major Gulf markets rise

Major stock markets in the Gulf rose in early trade on Wednesday, with the Dubai index leading the gains, boosted by its property shares following a buy out announcement.
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Posted on 03/03/2021

Dubai-listed Tabreed ties up with World Bank’s IFC to invest in Asian markets

Dubai-listed National Central Cooling Company ( Tabreed) and the World Bank’s private sector arm, International Finance Corporation (IFC), are looking to set up an investment platform that will deploy …
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Posted on 03/03/2021

Bond Lull Lures UAE Issuers at Opposite Ends of Credit Scale

United Arab Emirates borrowers at the opposite ends of the credit-rating spectrum are seizing on a lull in the U.S. Treasury rout to sell bonds.Abu Dhabi wealth fund Mubadala Investment Co. is …
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Posted on 03/03/2021

UAE- ProgressSoft Unveils New Digital Banking Platform

ProgressSoft, a leading global payment solutions provider since 1989, unveiled a new Digital Banking Platform in a global launch that has been sparking curiosity among bankers worldwide. The highly …
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Posted on 02/03/2021

HSBC names Mohammed Al Marzouqi as UAE head of global banking

HSBC has appointed Mohammed Al Marzouqi as head of global banking in the UAE, subject to regulatory approval. The bank said in a statement on Tuesday that this was a newly created role, reflecting its …
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Posted on 02/03/2021

Why Recurring Payments Need to Drastically Change in the UAE

Picture this! You have decided to take the plunge and go live in the UAE. Perhaps you have started a new job, or if you are like me, you decided to start a fintech company in Dubai.
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Posted on 02/03/2021

HSBC appoints Mohammed Al Marzouqi as head of global banking in the UAE

HSBC has appointed Mohammed Al Marzouqi as the head of global banking in the UAE, subject to regulatory approval. The newly created role within the bank reflects its ambition to grow the business in …
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Posted on 02/03/2021

UAE Construction Equipment Rental Market Report 2021: Analysis & Forecasts by Rental Tariff, Equipment, Operating Weight, Company, Region – 2015-2026

The “UAE Construction Equipment Rental Market, By Equipment Type (Crane, Diesel Generator, Excavator, Wheel Loader, Bulldozer, Motor Grader, Telescopic Handler, Forklifts, Trucks, Manlifts, Others), …
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Posted on 02/03/2021

Navigating the UAE’s used car market with Alba Cars

The used cars market in the UAE is booming and platforms such as Alba Cars offer certified vehicles for purchase …
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Posted on 02/03/2021

Manila lifts deployment ban to UAE

The Philippines suspended the deployment of Filipino domestic helpers to the UAE in 2014 to protect them from abuse. Some female domestic workers in the UAE have good and responsible employers, …
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Posted on 02/03/2021

Shareholders approve new mega-bank – Saudi National Bank to launch on April 1

At separate Extraordinary General Assembly meetings held on 1 March 2021, shareholders of NCB and Samba voted “overwhelmingly” in favor. This follows earlier clearance of all regulatory approvals, …
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Posted on 02/03/2021

Dubai Financial Market welcomes its first REIT IPO in a year of historic regulatory changes for the UAE

Four companies were also listed to the Abu Dhabi Securities Exchange Sweeping initiatives, changes to foreign ownership and listing requirements in UAE are expected to bolster IPO activity in the …
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Posted on 01/03/2021

Abu Dhabi bank inks deal to acquire mortgages worth $300m

Abu Dhabi Commercial Bank (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance (ADF). ADCB said the transaction provides further growth for its …
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Posted on 01/03/2021

MENA IPO activity to pick up in 2021 on back of positive regulatory changes

There is a strong initial public offering (IPO) pipeline in key MENA markets and activity is set to pick up gradually during 2021, said a new report by EY. “Although MENA IPO activity remained …
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