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Tag: finance

Posted on 28/02/2021

UAE launches training programmes to fight illicit finance

The UAE Higher Committee Overseeing the National Strategy on Anti … including how to identify potential instances of sanctions evasion tied to trade finance and banking, and conduct due diligence …
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Posted on 28/02/2021

Israeli-owned cargo ship docks in Dubai after mysterious blast

The unexplained blast has raised security concerns for shipping in the Gulf of Oman amid heightened tensions with Iran.
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Posted on 27/02/2021

GCC’s retail banking revenue growth projected to slowdown

A recent BCG study showed the projected revenue outlook of retail banks in key economies in the GCC, which includes the UAE, Saudi Arabia, and Kuwait in three retail banking revenue growth scenarios.
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Posted on 27/02/2021

Vaccine Trip to UAE Costs Canada Pension CEO His Job

Mark Machin quit as head of Canada Pension Plan Investment Board after he went to the United Arab Emirates and received a Covid-19 vaccine, defying guidance from Justin Trudeau’s government to avoid …
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Posted on 26/02/2021

Saudi’s Samba-NCB new entity to finance development projects: Chairman

The Samba chairman said that since there were branches of NCB and Samba only several meters apart, one branch would be closed and transferred to a new location to serve customers.
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Posted on 26/02/2021

CPPIB CEO Machin Steps Down After Getting Vaccinated in UAE

The head of Canada Pension Plan Investment Board, Mark Machin, has stepped down after disclosing he recently traveled to the United Arab Emirates where he arranged to be vaccinated against COVID-19, …
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Posted on 26/02/2021

UAE Central Bank sanctions individual for breach at exchange house

ABU DHABI – The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE, after the person carried out a function without …
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Posted on 26/02/2021

How Saudi Arabia, UAE are levelling the field for women in business, society

World Bank report highlights progress made in the Gulf region following reforms aimed at embracing women’s role in society …
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Posted on 26/02/2021

Saudi’s PIF makes billions on its investment in Lucid Motors

DUBAI: The Public Investment Fund, Saudi Arabia’s premier investing institution, has seen a multi-billion dollar increase in the value of its investment in Lucid Motors, the fast-growing Californian …
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Posted on 26/02/2021

UAE tops in the region, ranked 17th globally in Global Soft Power Index

The UAE has been ranked 17th in the world in the Soft Power Index and topped amongst 15 nations from the Middle East & North Africa (MENA) region, according to the Soft Power Index report …
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Posted on 25/02/2021

United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 – ResearchAndMarkets.com

The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, …
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Posted on 25/02/2021

UAE to Increase Investment in Israel’s Private Sector

UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Israeli counterpart, Gabi Ashkenazi, greet as they visit a …
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Posted on 25/02/2021

Nigeria to draw up supplementary budget for COVID-19 vaccines in March -finance minister

LAGOS- Nigeria plans to draw up a supplementary budget for COVID-19 vaccinations in March, the finance minister said on Thursday. Zainab Ahmed told reporters in the capital Abuja that the government …
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Posted on 25/02/2021

UAE Central Bank fines individual Dhs600,000 under anti-money laundering law

The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank.
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Posted on 25/02/2021

100% Foreign Ownership of Companies In UAE

Introduction  A presidential decree was passed in the United Arab Emirates on November 23rd, 2020, under which some imperative changes were made in the federal law no. 2 of 2015, namely the companies …
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Posted on 25/02/2021

Turkish renewable energy producer Aydem applies for IPO

ISTANBUL- Aydem Yenilenebilir Enerji, one of Turkey’s largest renewable energy producers, said on Tuesday it applied to the country’s capital markets watchdog for an initial public offering (IPO), …
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Posted on 25/02/2021

How breaking ‘UAE norm’ earned Emirati entrepreneur start-up success

The Emirati had gone through what he described as the “UAE norm”, which was “to get a job, get promoted quickly and get to the top very quickly”. With a background in the financial sector, he would …
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