Bank recommends for reversal of the charges after … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access …
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UAE Exchange Centre’s parent company Finablr is sold to Israeli-UAE consortium for $1
UAE consortium steps in as new owner to try and revive B.R. Shetty owned Finablr London: Finablr plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business …
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UAE Exchange Centre’s parent company is sold for $1
Its foreign exchange businesses and payment-technology operations include one of the largest foreign currency firms in the UAE – UAE Exchange. Finablr revealed in April about $1 billion of debt hidden …
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Mambu opens new office in the United Arab Emirates (UAE)
Mambu announced the opening of its new office in the emirate of Abu Dhabi, as the UAE has quickly become a key market for it.
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UAE-based ‘Uber for trucks’ to seek new funding, weighs IPO
Trukker, a UAE-based start-up that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
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Failed Xinja spruiked Dubai injection to prospective investors
Former employees have suggested Xinja made poor decisions such as signing an expensive long-term lease at the former headquarters of Facebook in Australia when it was burning cash.
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Middle East’s ‘Uber for Trucks’ to Seek New Funding, Weighs IPO
Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
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DAMAC Properties teams up with ADIB to offer home finance plan
As demand for ready and off-plan villas increases in Dubai, DAMAC Properties has announced a home finance plan in partnership with Abu Dhabi Islamic Bank (ADIB). The plan offers a finance with a rate …
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UAE-Israeli partnership closes in on deal to buy Finablr
was placed under the supervision of the UAE central bank in March. Prism says it has institutional investor commitments, including from hedge funds and sovereign wealth funds from the US to the Gulf, …
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Bank upstart Xinja pulls the pin, returns funds
The defunct neobank has been soliciting prospective buyers in recent weeks for its $457 million deposit book, according to market sources.
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Bahrain, UAE and Saudi ranked among world’s top five Islamic finance economies
Bahrain, the UAE and Saudi Arabia are ranked among the world’s top five Islamic finance economies in 2020 by the Islamic Finance Development Indicator (IFDI). Bahrain, which has led MENA in all eight …
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DAMAC Properties Teams up With ADIB To Offer Attractive Home Finance Plan
As demand for ready and off-plan villas increases in Dubai, DAMAC Properties has announced a home finance plan in partnership with Abu Dhabi Islamic Bank (ADIB). The plan offers a …
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Most Gulf markets rise in early trade; Dubai stocks ease
Most major markets in the Gulf traded higher early on Wednesday, with Saudi Basic Industries Corp (SABIC) supporting the Saudi index.
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What are the key drivers behind the 14% growth in Islamic finance?
The industry returned to strong growth after the slowdown in 2018, when the industry expanded by a more moderate 2% …
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Saudi Arabia has no immediate plan to increase taxes: finance minister
Saudi Arabia’s finance minister said on Tuesday there were no immediate plans to raise taxes and when asked, said introducing an income tax was not on the cards.
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Saudi economic recovery bodes well for 2021 indicators, says finance minister
Saudi Arabia’s finance minister said on Tuesday that most economic sectors in the kingdom have started to recover from the impact of COVID-19 and the recovery in the last two quarters of the year …
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Lebanese media major JGroup eyes IPO ‘within next three years’
We are a big media and tech company and I look forward to doing the necessary steps, whether legal or financial or on a recruitment basis, to hire the best people and to drive our company from a …
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