Ant, Alibaba’s fintech arm and China’s dominant mobile payments firm, filed for a dual listing in Hong Kong and on Shanghai’s Nasdaq-style STAR Market last month …
( read original story …)
EXCLUSIVE-Saudi sovereign fund PIF weighs investing in Ant IPO-sources
Saudi Arabia’s sovereign fund PIF is weighing a potential investment in the initial public offering of Chinese financial technology firm Ant Group, two sources familiar with the matter said.
( read original story …)
UAE and Pakistani finance authorities join hands to combat money laundering
The Financial Intelligence Unit (FIU) of the UAE has signed an agreement with the Financial Monitoring Unit of Pakistan to combat money laundering and financing terrorism. The MoU signed today by …
( read original story …)
UAE firms can now obtain bank loans against moveable assets as collateral
Ministry of Finance also announces creation of electronic registry to record assets to ensure project financing …
( read original story …)
UAE Minister of State for Financial Affairs participates in UN Finance Ministers meeting
Al Tayer showcased the UAE’s leading regional position on the quest to realise … participated yesterday in the virtual United Nations Finance Ministers meeting to discuss a newly launched initiative …
( read original story …)
UAE moves to boost SME loans with moveable assets law
The United Arab Emirates will allow small and medium-sized businesses to use assets including tools and raw materials as collateral to back loans, in order to encourage lending to them.
( read original story …)
Market cap of second market-listed companies in UAE rises to $2.81bln
The UAE started trading in second markets on 2014 in a move that aimed to boost liquidity for private companies and pave the way for its IPO in the primary market … Abu Dhabi Securities Exchange and …
( read original story …)
Israel’s Hapoalim expects UAE bank ties to follow normalisation
Israel’s largest lender Bank Hapoalim expects to start working with banks in the United Arab Emirates once the two Middle East states sign a normalisation agreement, its chief executive said on …
( read original story …)
Retail Banking Market in United Arab Emirates (UAE) – Coronavirus (COVID-19) Sector Impact
An extensive elaboration of the Retail Banking in United Arab Emirates UAE Coronavirus COVID 19 Sector Impact market strategy of the industry players in the precision of import export consumption …
( read original story …)
Route Mobile IPO opens today — Here’s what works for it and what doesn’t
The cloud communication platform services provider Route Mobile ₹600 crore IPO will open for subscription from today. Ahead of the IPO, the company already raised ₹180 crore f …
( read original story …)
Voice-centric social platform Yalla Group files for a $100 million US IPO
The article Voice-centric social platform Yalla Group files for a $100 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com. Investment …
( read original story …)
How to gauge the economic and political impacts of UAE deal
While the deal has already borne fruit for Israel, some experts urge caution about overemphasizing the long-term benefits.
( read original story …)
UAE welcomes Israeli banks that finance theft of Palestinian land
Yet this month the UAE is welcoming two of the largest financiers of illegal Israeli settlements to its capital. Delegations from Bank Hapoalim and Bank Leumi will visit Dubai and Abu Dhabi to meet …
( read original story …)
UAE posts Dhs9.75 billion budget surplus in the first half of 2020
The UAE federal government posted a budget surplus of Dhs9.75 billion in first half (H1) of this year. According to the figures, the budget posted a surplus of Dhs1.8 billion by the end of the first …
( read original story …)
Oman to reduce number of expat workers in banks and finance companies
Can you travel to Saudi Arabia or Oman by road from the UAE? Muscat: Nasr bin Amer Al Hosni, the Undersecretary at the Ministry of Labour, held a meeting with HR officials of major banks, finance …
( read original story …)
Arab World’s sole unicorn is based in UAE
According to CB Insights, the UAE-based Emerging Markets Property Group (EMPG) is the only unicorn from the Arab World among the 490 unicorns globally. All the other seven regional unicorns are based …
( read original story …)
UAE budget posts surplus of $2.65bn in H1
The total expenditure of the UAE federal government amounted to AED24.99 ($6.8 billion) by the end of the second quarter of 2020, according to the Budget Execution Report released by the Ministry of …
( read original story …)