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Tag: finance

Posted on 05/12/2020

Currency smuggling: Customs to grill UAE Consulate employees

Customs probing the case related to smuggling of $1.9 lakh to a foreign country will interrogate employees of UAE Consulate in Thiruvananthapuram and close aides of gold smuggling case accused Swapna …
( read original story …)


Posted on 05/12/2020

Exposed: The Dubai playboy, 21, flogging fake £75 coronavirus negative test certificates so holidaymakers can travel abroad

Danyal Sajid, 21, told undercover reporters in Dubai that he had already sold up to 50 of the illegal documents. It means hundreds of Britons may have boarded flights with bogus negative results.
( read original story …)


Posted on 04/12/2020

UAE start-up Distichain closes in on funding deals for international expansion

UAE-based B2B e-commerce platform Distichain is close to striking deals with venture capital firms (VCs) and larger angel investors to raise capital for its international expansion plans, its top …
( read original story …)


Posted on 04/12/2020

Pakistan seeks data sharing pact with UAE to curb under-invoicing

In what appears to be a last resort, Pakistan Customs has linked curbing the menace of under-invoicing by the country’s importers to the inking of an Electronic Data Exchange (EDE) agreement with the …
( read original story …)


Posted on 03/12/2020

Businesses salute UAE leadership for strategic vision, robust action plans

Business leaders said the country’s approach to addressing the unprecedented pandemic demonstrates the reliance of the nation …
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Posted on 03/12/2020

United Arab Emirates (UAE) Life Insurance Market, Key Trends and Opportunities Report 2020-2023 – ResearchAndMarkets.com

Key trends and Opportunities to 2023” report has been added to ResearchAndMarkets.com’s offering. ‘United Arab Emirates (UAE) Life Insurance – Key trends and Opportunities to 2023’ report provides …
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Posted on 02/12/2020

Saudi Aramco listing fears unfounded as Tadawul eyes new IPO deals into 2021

Concerns that the $29bn Aramco deal would soak up all the available local liquidity for years have not been realised …
( read original story …)


Posted on 02/12/2020

Life After Aramco Includes Plenty More IPOs for Saudi Arabia

One year on from oil giant Saudi Aramco’s record-busting initial public offering in Riyadh, the exchange has continued to enjoy a steady stream of listings. And deals are already lining up for 2021.
( read original story …)


Posted on 02/12/2020

UAE- Firms offering VAT compliance solutions have bright future

The VAT landscape is evolving within the GCC, and therefore, there is a need for a solution that offers agility to respond to these changing regulatory requirements.

Nanda Kumar, founder and …

( read original story …)


Posted on 02/12/2020

Digitisation wave set to continue in UAE banking

Covid-19 and the resulting lockdowns and social distancing measures have spurred rapid adoption of digital banking — a trend that is expected to continue as new technologies and products improve …
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Posted on 01/12/2020

Investment banks stick with Gulf despite falling fees

Fees are falling, oil prices are low and the region’s economies are under threat. But top global investment banks say they have no intention of pulling back from the Gulf. Regional fees from M&A, …
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Posted on 01/12/2020

UAE approves 100% ownership of expatriate businesses

The UAE has brought major amendments, which will allow entrepreneurs and foreign investors to own their businesses without a national sponsor. The UAE’s President His Highness Sheikh Khalifa …
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Posted on 01/12/2020

Commercial Bank of Dubai wins big at MEA Finance Awards 2020

Commercial Bank of Dubai, one of the leading banks in the UAE, has won the “Best Commercial Bank” award and “Best Digital Transformation” award at the MEA Finance 2020 Awards. The award was received …
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Posted on 01/12/2020

Helping break down barriers for female entrepreneurs in the UAE

Partnership between NAMA Women Advancement Establishment and UN Women set to survey 1,000 female entrepreneurs and potential entrepreneurs over the next three months …
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Posted on 30/11/2020

The Growth of Shariah Compliant Funds to be addressed at GAIM

The three day conference will deal with key issues such as the structuring of Islamic Hedge Funds, the importance … while the official event partner is Dubai International Financial Centre.
( read original story …)


Posted on 30/11/2020

Mashreq attains “Market Leader” position in the UAE in the Euromoney Cash Management Survey 2020

Mashreq was recognized for its dedication and investments into designing, deploying and operating future-ready and innovative digital technologies particularly in the cash management space …
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Posted on 30/11/2020

UAE banks waive $236.8mln debts of 1,607 Emiratis

ABU DHABI – The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that …
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