The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year …
( read original story …)
UAE Central Bank to launch overnight deposit facility for banks
A new facility allowing banks in the UAE to deposit surplus liquidity on an overnight basis is to be launched from July 12. The Central Bank of the UAE (CBUAE) is behind the Overnight Deposit Facility …
( read original story …)
MIDEAST STOCKS-Banks, property shares buoy UAE; Egypt retreats
The blue-chip index .EGX30 in Egypt slipped 0.3%, ending three sessions of gains, hurt by a 3.8% decline in tobacco monopoly Eastern Company EAST.CA. Saudi Arabia’s benchmark index .TASI edged up 0.1% …
( read original story …)
Abu Dhabi’s TAQA will finance the UAE’s biggest gas power plant with $1.14 bln
Abu Dhabi National Energy Company (TAQA) has agreed financing for the UAE’s largest gas-fired power plant which is expected to cost approximately 4.2 billion dirhams ($1.14 billion), the company …
( read original story …)
UAE Cabinet reshuffle: federal fund handed more assets and responsibilities
In a decision announced by Sheikh Mohammed bin Rashid, companies including Federal Electricity and Water Authority and Emirates Real Estate Corporation are now attached to the Emirates Investment Auth …
( read original story …)
Amlak Finance signs agreement with Dubai Land Department
Amlak Finance has announced a newly formed partnership with Dubai Land Department (DLD), which aims at allowing customers to invest in …
( read original story …)
IRENA forges UAE sustainable finance pact
The International Renewable Energy Agency (IRENA) and global financial centre Abu Dhabi Global Market (ADGM) have signed a memorandum of understanding (MoU) to jointly commit to progressing …
( read original story …)
Saudi Arabia’s biggest pharmacy firm Nahdi in early talks for IPO -sources
Saudi Arabia’s Nahdi Medical Co, the largest pharmacy retail chain in the kingdom, is weighing an initial public offering (IPO) and has begun early talks with potential advisors, two sources familiar …
( read original story …)
Fintech grabs top spot in UAE startups
The top three sectors real estate, fintech and food & beverage are proving to be the hot segments to invest This website uses cookies to improve your online experience. They were placed on your …
( read original story …)
UAE central bank to launch new overnight deposit facility
The United Arab Emirates Central Bank said on Monday it will introduce a new overnight deposit facility as of July 12 which will reflect the monetary policy of the regulator. DUBAI, July 6 (Reuters) – …
( read original story …)
COVID-19: Dubai resident used a microwave to disinfect his cash
Dubai Police urged residents to always disinfect their money in correct and proper manner Dubai: Police have warned residents not use innovative ways to disinfect their cash and to stick to …
( read original story …)
Central Bank of UAE introduces new overnight deposit facility for conventional banks
Overnight Deposit Facility that will allow conventional banks operating in the country to deposit their surplus liquidity at the central bank on an overnight basis. The ODF, effective from July 12, …
( read original story …)
Sheikh Khalifa approves new UAE government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
( read original story …)
UAE President approves new government structure
The new structure includes the closure of 50 per cent of government services centres and their transformation into digital platforms within two years.
( read original story …)
Beware of fraudsters lurking on dating sites, Dubai Police warn
The Dubai Police had last week busted 40 gangs that allegedly committed … including mobile phones, money and bank cards. They would confine the victim to a place until they used the bank cards and …
( read original story …)
UAE orders government shake-up as virus erodes economic gains
Ministries of energy and infrastructure will be merged and also oversee national housing program, in series of moves aimed at creating more flexible and modern bureaucracy …
( read original story …)
Deem Finance adds second branch, plans two more in UAE
But even here, digital-focussed entity will focus on paperless transactions with clients Dubai: Deem Finance, a digitally-led financial services provider, has opened a second branch, this one at …
( read original story …)