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Tag: finance

Posted on 23/06/2020

UAE- ADNOC announces $20.7 billion energy infrastructure deal

ABU DHABI, 23rd June, 2020 (WAM) — The Abu Dhabi National Oil Company, ADNOC, announced today that it has entered into an agreement with some of the world’s leading infrastructure investors and …
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Posted on 23/06/2020

UAE financial analysts predict wave of business failures, ‘hockey stick’ recovery

In CFA’s survey, most finance professionals suggest that liquidity is a problem for many companies in the UAE at the moment, with 42 percent of the respondents saying they believe liquidity is down …
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Posted on 23/06/2020

UAE: Planning to take a personal loan? What are your best options?

For UAE expats, the maximum amount one can get is either Dh1 million or 20 times of monthly salary, whichever is lower. Image Credit: Shutterstock Why a personal loan can be an attractive fund option …
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Posted on 22/06/2020

UAE- Cairo Amman Bank Adopts the Latest Technology to Enhance Performance and Security for its Digital Banking Services through Aruba

DUBAI, UAE 22ND June, 2020 Cairo Amman Bank PLC. (CAB), is a public limited company located in Jordan, Palestine and Bahrain. Ever since its establishment in 1960, the Bank has been providing an …
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Posted on 22/06/2020

UAE shoppers opting for contactless payments over cash purchases

UAE shoppers are ditching the cash in favour of contactless payments through the Covid-19 crisis, according to the results of a survey from Dubai Police, Dubai Economy and Visa. Sixty-eight percent of …
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Posted on 22/06/2020

Amlak IPO is test of Saudis’ post-pandemic investment appetite

Against that background the recent announcement by Amlak International, the Saudi real estate finance group, that it would list 30 percent of its equity on Tadawul, is a vote of confidence in the …
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Posted on 22/06/2020

UAE bank deposits went up by 2.1% in three months

UAE – Mubasher: Bank deposits in the UAE rose by 2.1% or AED 37.1 billion to AED 1.865 trillion from March to May, compared to AED 1.828 trillion in February. The resident deposits increased by 2.7% …
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Posted on 22/06/2020

UAE- Report Reveals the Six Fintech Innovations That Will Boost the Financial Health’ of Mena’s Disadvantaged Groups

A report endorsed by MetLife Foundation identifies the six types of innovation with the greatest potential to improve the financial wellbeing and inclusion of marginalised communities in MENA. The …
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Posted on 21/06/2020

Warner Music IPO “scored” despite corona crisis

Issue price was $25 per share, yet the company started its trading on the Nasdaq Stock Market with the price of $27 per share.
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Posted on 21/06/2020

UAE vs COVID-19: Over 227 economic, commercial incentives so far

On 12 March 2020, Dubai Government launched an AED 1.5 billion economic stimulus … incentives in coordination with local banks and the emirate’s departments of Finance and Economic Development. The …
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Posted on 21/06/2020

UAE seeks more Islamic economy opportunities by boosting halal exports

UAE’s federal export credit company … partner with Islamic banks and exporters in projects that require export financing, structured trade finance, project finance, as well as supply chain finance.
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Posted on 21/06/2020

Saudi mortgage lender Amlak announces IPO price range

The company and its financial advisor for the listing, NCB Capital, also announced on Sunday that the book-building process for the initial public offering (IPO) will start on June 22 and close on …
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Posted on 21/06/2020

Dubai Stocks Sink After Moody’s Lowers Outlook for UAE Banks

Dubai’s benchmark stock index dropped the most in the Gulf after Moody’s Investors Service cut the outlook for some of the biggest banks in the United Arab Emirates.
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Posted on 21/06/2020

ADIB relieves pressure on customers by extending payment holidays on finance programs

These measures include extending the payment holidays and pricing discounts on existing and new finance and covered card products in accordance with the Central Bank of the UAE’s Targeted Economic …
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Posted on 20/06/2020

How Innovation in Emerging Markets Is Transforming the Health Care Landscape at Lightning Speed

Global Venture’s Noor Sweid recently spoke to Worth about how emerging markets are tackling the issue of health care inclusion and what the future of health will look like as we emerge from the …
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Posted on 19/06/2020

Hedge Fund Founder Fears He Can’t Pay Legal Bills in Tax Case

A hedge-fund founder at the center of a Danish cum-ex probe says he’s worried that he won’t be able to pay his lawyers in the $2 billion case after he had his $20 million London home frozen.
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Posted on 19/06/2020

Coronavirus: Moody’s revises outlook to negative on eight UAE banks

Rating agency Moody’s changed its outlook to negative from stable for eight banks in the United Arab Emirates amid the coronavirus outbreak, it said on Friday. The eight banks are Emirates NBD, Abu …
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