The UAE Central Bank conducted the first-of-its-kind cyberattack simulation exercise to test the resilience of the country’s banking sector against any potential cyber threats.The regulator said the …
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London stock market ready for strong IPO year
London set for a strong year for stock market flotations, said analysts, adding that the Brexit and coronavirus pandemic allows firms to enlarge. Big-name businesses have announced plans for initial …
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Strong catalysts could support IPO activity in Saudi and UAE in 2021
Kuwait-based Kamco Invest expects the GCC initial public offering (IPO) market to remain active in 2021, given the number of catalysts that could support primary markets within the region. In a report …
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Dubai Shares Drop on Restrictions, Kuwait Banks Rise: Inside EM
Dubai’s main equities index led losses in the Middle East after a fresh set of restrictions to contain the spread of coronavirus as cases keep rising. Banks in Kuwait advanced on potential dividend …
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Commercial Bank of Dubai’s Stefan Kimmel joins ‘Doubling-down on digital’ roundtable
ITP.net’s ‘Cashing in on Digitalisation in Banking’ event is set to air on 9th February and will feature top insights from banking, finance and technology leaders …
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UAE: Cleaner steals Dh10,000 at Dubai bank, stands trial
An Asian cleaning worker of a bank stood trial in a Dubai court for stealing Dh10,000 from the bank. According to court documents, the man was arrested after a woman employee at the bank complained …
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UAE hosts sixth Arab Finance Deputies Meeting
The UAE hosted the sixth Arab Finance Deputies Meeting, organised by the Arab Monetary Fund (AMF) in cooperation with the UAE Ministry of Finance (MoF). virtually on 20th and 21st January. Younis Haji …
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HSBC plans ambitious UAE growth with balance sheet of ‘billions of dollars’
Abdulfattah Sharaf, group general manager, CEO of HSBC UAE and head of international, HSBC Bank Middle East Limited, speaks exclusively to Arabian Business as the lender prepares to open its new priva …
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Trump removes tariffs on aluminum from UAE shortly before leaving office
In his final hours as president, Donald Trump lifted a 10 percent tariff on aluminum from the United Arab Emirates (UAE).
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How the UAE, Saudi Arabia are stepping up plans to attract more foreign investment
Abu Dhabi Investment Office chief confident of retaining ‘competitive advantage’ as competition in the Gulf heats up …
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UAE Phone Operators Surge on Plan to Raise Foreign Ownership
The two main phone operators in the United Arab Emirates surged after saying they may raise limits on foreign ownership, joining others in the region seeking to attract more overseas investment.
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Al Mal Capital’s REIT officially lists on Dubai stock exchange
Al Mal Capital ’s real estate investment trust (REIT) has officially listed on the Dubai Financial Market (DFM), following the successful initial public offering (IPO) last year. The listing is …
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In Gulf’s Tug-of-War Over Multinationals, UAE Looks to Keep Edge
The United Arab Emirates can stand its ground against Saudi Arabia’s effort to redraw the Gulf’s corporate map by enticing multinationals to move their headquarters to Riyadh, according to Abu Dhabi’s …
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Saudi petrochemicals giant SABIC hires NCB for speciality chemicals unit IPO – sources
Saudi Basic Industries Corp (SABIC) has hired NCB Capital to advise on a potential listing of its speciality chemicals business, an offering that could raise several hundred million dollars, three …
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Dubai’s Al Mal Capital property fund sets upper limit on non-UAE investments
Investments in projects under development will never exceed the 25 per cent mark, according to the Dubai real estate fund operator Al Mal Capital REIT. Nor will the fund breach the 25 per cent mark …
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After Saudi Arabia, UAE could seek early repayment of loan to Pakistan
The UAE hasn’t indicated whether it will extend a $1 billion loan – part of the $3 billion package – that will become payable on January 24, The Express Tribune newspaper reported, citing sources in …
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Abu Dhabi Department of Finance launches Dh6 billion supply chain financing initiative
“The UAE has made remarkable strides as a leading … We are pleased to partner with the Department of Finance and FAB to ensure business continuity and liquidity for those committed to …
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