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Tag: finance

Posted on 14/07/2020

Saudi bourse says derivative product to boost investment profile ahead of IPO

These comments came as the Saudi Stock Exchange earlier announced that its derivatives market would launch on August 30 …
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Posted on 14/07/2020

UAE stocks stumble, again led by real estate and banking

On UAE indices, real estate and banking stocks again came under pressure, with DFM dipping 0.72 per cent, while ADX slipped 0.54 per cent. Among blue-chips, Commercial Bank of Dubai was down 4.86 per …
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Posted on 14/07/2020

UAE completes phase 1 of e-Dirham transformation

The UAE’s Ministry of Finance (MoF) has announced the completion of phase one of the transformation of the e-Dirham system, in cooperation with relevant ministries and national banks across the UAE.
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Posted on 14/07/2020

UAE- Money makes the world go round – how will new FinTech companies change the payment landscape?

Dubai and DIFC’s ranking as one of the … DIFC’s commitment to driving the future of finance means we will always be there to find new ways to advance the money services sector.
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Posted on 13/07/2020

A Marxist Guide to Understanding the Gulf States’ Political Economy

An Emarati petrol station is pictured with the Burj Khalifa on September 7, 2015, in Dubai, United Arab Emirates … in what became the world’s largest initial public offering (IPO) to date. This was …
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Posted on 13/07/2020

UAE the perfect place for post-pandemic business, Jersey firms told

Companies from the Channel Island of Jersey should look to partner with the UAE and its business-friendly environment as the world begins to emerge slowly from months of lockdown over the Covid-19 …
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Posted on 13/07/2020

Libya Halts Oil Exports Again and Blames the UAE for Blockade

(Bloomberg) — Libya’s National Oil Corp. declared force majeure on exports again, accusing the United Arab Emirates of being behind a blockade as chaos continued to engulf the country’s oil …
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Posted on 13/07/2020

Buy Now, Pay Later Targets Trade Finance Deserts

It’s a critical initiative to supporting both the local and global economies, but with such a dramatic lack of trade finance available, addressing the need is going to take a mix of strategies. In the …
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Posted on 13/07/2020

deNovo Corporate Advisors to expand global capabilities through a strategic alliance with PJT Partners

deNovo and PJT Partners will collaborate to provide financial advisory services to large Middle East- based companies, sovereign wealth funds and family groups, including in connection with global …
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Posted on 13/07/2020

UAE wants Libya to ‘return to oil production’ amid war

The United Arab Emirates wants Libya to “return to oil production” as soon as possible, a top Emirati official said Monday, after officials with Libya’s U.N.-supported government in Tripoli accused …
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Posted on 12/07/2020

NMC’s UAE entity weighing Abu Dhabi option for restructuring: sources

Troubled hospital operator NMC Health’s entity in the United Arab Emirates (UAE), NMC Healthcare LLC, is considering applying for restructuring and insolvency proceedings locally, two sources familiar …
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Posted on 12/07/2020

UAE Govt support for citizens reached $2bn in 2019

Financial aid and social benefits accounted for 13.4% of total federal government expenditure last year The UAE Government has revealed that … according to statistics from the Ministry of Finance.
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Posted on 12/07/2020

Dubai stimulus reinforces commitment to private sector

Governments across the world have announced economic stimulus packages to mitigate the difficulties faced by businesses due to lockdowns following the outbreak of COVID-19. The UAE and Dubai have been …
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Posted on 11/07/2020

FIrst UAE-China digital expo kicks off on July 15

UAE Economic and Trade Digital Expo will be held jointly by the UAE Ministry of Economy and the China Council for the Promotion of International Trade (CCPIT) from July 15 to 21. The week-long event …
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Posted on 10/07/2020

Mission to Mars: UAE Set to Become First Arab Nation to Explore Other Planets

Hope” or “Al Amal” in Arabic – is scheduled to liftoff from Japan’s Tanegashima Space Center and begin a seven-month journey to the Red Planet. The probe is expected to enter Mars’ orbit in 2021, coin …
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Posted on 10/07/2020

Dubai ‘asks few questions’ about dirty money flows, report says

A range of criminals, corrupt politicians and money launderers call Dubai home or operate from inside its glistening towers, according to a new report.
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Posted on 10/07/2020

Why UAE companies must comply with economic substance regulations

The objective for introducing ESR is to avoid shifting of profits from high tax jurisdictions to low or no tax jurisdictions …
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