Tag: finance

NMC’s administrators Alvarez & Marsal filed a suit in ADGM courts last month to obtain power over those securities, claimed by Dubai Islamic …
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Nikhil Kamath and Richard Pattle, Co-founders of True Beacon, the Indian asset management company, today announced the launch of the …
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Zeta, a Dubai-based banking tech startup, has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one …
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Dubai-based banking tech startup, Zeta, has secured $250m in investment from SoftBank Vision Fund 2, it announced on May 24. The proceeds will be used to accelerate Zeta’s growth in the Middle East, …
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(IDEX Online – The Dubai Diamond Exchange (DDE) could set up its own bank to provide financing for dealers. The move is designed to attract more business to a hub that opened in 2002 and last year saw …
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Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif al-Emadi has been removed from the bank’s board of directors after his arrest earlier this month over embezzlement …
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The National Bank of Ras Al-Khaimah (RAKBANK) said it has concluded the issue of $75 million 2.5-year Floating Rate Note (FRN), which offered investors a coupon of 3-month USD LIBOR+100 basis points.
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Fitch Ratings has affirmed Ajman Bank PJSC’s (AJB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook and Viability Rating (VR) at ‘b+’. A full list of rating actions is below.
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The Kingdom of Saudi Arabia (KSA)-backed nybl is a leading artificial intelligence (AI) pioneer, which last week announced its acquisition of Mexico-basedNubila, a visual data mining, and machine …
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While some niche markets saw proliferation, the year of the pandemic almost unanimously led to significant cuts in funding and threw curveballs at startups preparing to launch successfully. Yet in the …
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The latest senior moves in asset and wealth management from across Europe and the UK. Preqin London-based Preqin, which provides data, tools and insights on alternative assets such as private equity …
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The UAE e-commerce sector emerged as the fastest-growing economic segment in the Middle East in terms of value sales supported by rising digital connectivity, infrastructure and substantial growth in …
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Executive Certificate for Risk-Based Supervision Professionals was awarded to 25 UAE nationals in a ceremony attended by Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and Mary …
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Under MoU, both parties will promote and support SME owners registered within Dubai SME Dubai: The UAE Ministry of Finance (MoF) recently signed a Memorandum of Understanding (MoU) with Dubai SME, an …
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Tops in the Middle East award for mobile banking, personal loan and remittances Dubai: As part of its 2020 BankQuality Consumer Survey on Retail Banks, The Asian Banker gathered feedback from 3,000 …
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The move is a big breakthrough for the exchange operator that has been pushing for an alternative for companies to raise money …
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Commercial landlords in the UAE must work closely with their tenants as the real estate sector plots a cautious and fragmented recovery from Covid-19, according to analysis from Dubai banking major …
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