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Tag: finance

Posted on 20/10/2020

UAE, US, Israel announce establishment of Abraham Fund

Through this fund, the UAE, the US International Development Finance Corporation, and Israel will mobilise more than $3 billion in investment. The United Arab Emirates, the United States of America, …
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Posted on 20/10/2020

8 types of fraud to watch out for in the UAE

Earlier this year, the UAE Banks Federation (UBF), Central Bank of the UAE (CBUAE), and Abu Dhabi and Dubai Police joined forces to launch the country’s first large-scale national fraud …
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Posted on 20/10/2020

New UAE wealth management law a welcome game changer

I began with a small rented office overlooking Dubai Creek that permanently reeked of fish … although I have toyed with the idea of launching an IPO on several occasions, I have never gone through …
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Posted on 19/10/2020

ADIB launches virtual banking sales platform in the UAE

Abu Dhabi Islamic Bank (ADIB) announced the launch of its remote sales platform which will enable customers to converse with the bank.
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Posted on 19/10/2020

Commercial Bank of Dubai, NOW Money ink partnership

UAE – Commercial Bank of Dubai (CBD) has signed a partnership agreement with NOW Money, the digital account service, to provide accounts and cards targeted specifically at low-income customers. Dr …
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Posted on 19/10/2020

UPDATE 1-Investment Corporation of Dubai hires banks for dollar bonds

ICD, which as of the end of last year had total assets worth around $305 billion, owns stakes in Emirates airline and Dubai’s biggest bank, Emirates NBD. The planned fixed rate, long five-year senior …
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Posted on 18/10/2020

Abu Dhabi Islamic Bank launches UAE’s first virtual banking sales platform

Abu Dhabi Islamic Bank (ADIB) has launched a remote sales platform allowing customers to converse with the bank and apply for personal finance, covered cards, takaful, and other banking products …
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Posted on 18/10/2020

Commercial Bank of Dubai to partner with NOW Money to provide financial inclusion across The UAE

Money will open accounts for existing CBD low-income customers (previously known as Rateb customers) with immediate effect, allowing these customers to benefit from a frictionless digital experience a …
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Posted on 18/10/2020

JGroup invests $15 million in Dubai-based FoxPush

Source: Khaleej times JGroup, a Lebanon-based holding company with a vast portfolio of subsidiaries across the Middle East, …
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Posted on 18/10/2020

The man at centre of Islamic bank’s Kenyan expansion

Dubai Islamic Bank CEO says a well-structured lender should not engage in irregularities that have seen collapse of many banks.
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Posted on 18/10/2020

MENA investment banking fees up 4% at $895.7mln in nine months: Refinitiv

The value of announced M&A transactions with any MENA involvement reached $58.0 billion during the first nine months of 2020, according to the gloabal data provider …
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Posted on 17/10/2020

UAE Banks Federation reviews achievements in conference

Al Ghurair said: It has been a privilege to see UAE Banks Federation playing a significant role in facilitating positive developments and transformations that are taking place across the banking …
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Posted on 17/10/2020

talabat partners with the UAE Food Bank to reduce food waste

Dubai: talabat, the region’s leading food and grocery delivery platform, has announced its official agreement with The UAE Food Bank, a non-profit charitable organisation under the umbrella of the His …
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Posted on 17/10/2020

Bahrain ASMA’s Asia-focused arm files for $200m IPO

SINGAPORE — Bahrain-based multi-fund asset management firm ASMA Capital Partners has filed for a $200 million IPO on Nasdaq of Global SPAC Partners, which will seek acquisitions in the Middle East, …
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Posted on 17/10/2020

Who Objected To $2B In Cum-Ex Trades? Not The Lawyers

I live in Dubai so it’s natural for me to have companies in so-called … No lawyer said, ‘This is crazy’ Long before Shah’s hedge fund Solo Capital Partners and its cum-ex trades attracted the …
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Posted on 16/10/2020

JGroup to invest $15mln in Dubai-based FoxPush

This Dubai-based homegrown company has taken a giant leap within … the global market and ultimately is the first company based in Dubai to be a global IPO.” Mohammed AlMalki, founder and CEO at …
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Posted on 15/10/2020

UAE Ministry of Finance heads first round of negotiations on investments agreement with Israel

Secretary of the Ministry of Finance, MoF, headed the participating UAE delegation in the first round of negotiations on the UAE-Israel agreement to protect and encourage investments, which took place …
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