Major stock markets in the Gulf rose in early trade on Wednesday, with the Dubai index leading the gains, boosted by its property shares following a buy out announcement.
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Dubai-listed Tabreed ties up with World Bank’s IFC to invest in Asian markets
Dubai-listed National Central Cooling Company ( Tabreed) and the World Bank’s private sector arm, International Finance Corporation (IFC), are looking to set up an investment platform that will deploy …
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Bond Lull Lures UAE Issuers at Opposite Ends of Credit Scale
United Arab Emirates borrowers at the opposite ends of the credit-rating spectrum are seizing on a lull in the U.S. Treasury rout to sell bonds.Abu Dhabi wealth fund Mubadala Investment Co. is …
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UAE- ProgressSoft Unveils New Digital Banking Platform
ProgressSoft, a leading global payment solutions provider since 1989, unveiled a new Digital Banking Platform in a global launch that has been sparking curiosity among bankers worldwide. The highly …
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HSBC names Mohammed Al Marzouqi as UAE head of global banking
HSBC has appointed Mohammed Al Marzouqi as head of global banking in the UAE, subject to regulatory approval. The bank said in a statement on Tuesday that this was a newly created role, reflecting its …
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Why Recurring Payments Need to Drastically Change in the UAE
Picture this! You have decided to take the plunge and go live in the UAE. Perhaps you have started a new job, or if you are like me, you decided to start a fintech company in Dubai.
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HSBC appoints Mohammed Al Marzouqi as head of global banking in the UAE
HSBC has appointed Mohammed Al Marzouqi as the head of global banking in the UAE, subject to regulatory approval. The newly created role within the bank reflects its ambition to grow the business in …
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UAE Construction Equipment Rental Market Report 2021: Analysis & Forecasts by Rental Tariff, Equipment, Operating Weight, Company, Region – 2015-2026
The “UAE Construction Equipment Rental Market, By Equipment Type (Crane, Diesel Generator, Excavator, Wheel Loader, Bulldozer, Motor Grader, Telescopic Handler, Forklifts, Trucks, Manlifts, Others), …
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Navigating the UAE’s used car market with Alba Cars
The used cars market in the UAE is booming and platforms such as Alba Cars offer certified vehicles for purchase …
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Manila lifts deployment ban to UAE
The Philippines suspended the deployment of Filipino domestic helpers to the UAE in 2014 to protect them from abuse. Some female domestic workers in the UAE have good and responsible employers, …
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Shareholders approve new mega-bank – Saudi National Bank to launch on April 1
At separate Extraordinary General Assembly meetings held on 1 March 2021, shareholders of NCB and Samba voted “overwhelmingly” in favor. This follows earlier clearance of all regulatory approvals, …
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Dubai Financial Market welcomes its first REIT IPO in a year of historic regulatory changes for the UAE
Four companies were also listed to the Abu Dhabi Securities Exchange Sweeping initiatives, changes to foreign ownership and listing requirements in UAE are expected to bolster IPO activity in the …
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Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance (ADF). ADCB said the transaction provides further growth for its …
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MENA IPO activity to pick up in 2021 on back of positive regulatory changes
There is a strong initial public offering (IPO) pipeline in key MENA markets and activity is set to pick up gradually during 2021, said a new report by EY. “Although MENA IPO activity remained …
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UAE launches training programmes to fight illicit finance
The UAE Higher Committee Overseeing the National Strategy on Anti … including how to identify potential instances of sanctions evasion tied to trade finance and banking, and conduct due diligence …
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Israeli-owned cargo ship docks in Dubai after mysterious blast
The unexplained blast has raised security concerns for shipping in the Gulf of Oman amid heightened tensions with Iran.
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GCC’s retail banking revenue growth projected to slowdown
A recent BCG study showed the projected revenue outlook of retail banks in key economies in the GCC, which includes the UAE, Saudi Arabia, and Kuwait in three retail banking revenue growth scenarios.
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