Tag: finance

Operating in the UAE since 2014, the IBC Group has focused on private equity investment in real estate, arts and future technologies. The group is backed by global banking and finance leader Khurram …
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DUBAI- Saudi Aramco is ready for its initial public offering, but a timing for the deal will be decided by its sole shareholder, the Saudi government, a senior executive said on Monday. “We will …
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Similarly, Islamic banking is also showing significant traction in the UAE with demand for Shariah-compliant products growing among both Muslim and non-Muslim customers. “UAE banks are expected to …
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UAE banks posted strong profits in the first half of 2019 and this trend is expected to continue in the second, with local and international dynamics dictating the country’s banking sector. But some …
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The appeal of a high standard of living, low taxation, high salaries – and, of course, the sunshine – have long attracted expatriates to Dubai and Abu Dhabi. However, the majority of expats living in …
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Dubai International Financial Centre (DIFC) has seen an explosion of fintech companies in the first six months of 2019 reinforcing its position as one of the world’s top 10 fintech hubs. DIFC said its …
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The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the …
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Optivo, one of the largest social housing providers in the UK, has secured a revolving credit facility worth £50 million ($60.6 million) from the UAE’s largest bank. The three-year deal with the UK …
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The Dubai Financial Services Authority (DFSA) has partnered with the Central Bank of Egypt (CBE) to facilitate the performance of their respective supervisory tasks and promote the safety and …
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DUBAI, United Arab Emirates — DXB Entertainments, which runs Dubai Parks & Resorts, has announced revenue of $68.6 million for the first half of 2019, 13% down from the same period last year. Revenue …
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(MENAFN – Khaleej Times) Ajman University (AU) and Noor Bank, as part of their social responsibility towards indigent students, and in a bid to promote Islamic banking and finance industry, have …
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The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the Central Bank of Egypt (CBE) to enhance the relationship and cooperation between both institutions and …
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The DIFC is Dubai’s banking and financial FZ with 2003 active, registered companies, and contributed some 3.9 per cent to Dubai’s GDP last year. The bottom line is that the FZs are a major contributor …
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(MENAFN – Dubai PR Network) Dubai, UAE, 7 August 2019: The Dubai Financial Services Authority (DFSA) signed a memorandum of understanding (MoU) with the Central Bank of Egypt (CBE) to enhance the …
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LONDON/RIYADH/DUBAI — Saudi Crown Prince Mohammed Bin … With Aramco talking again to banks about an initial public offering (IPO), its board is meeting later this week and will probably …
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Islamic bank mergers and acquisitions in the GCC region are likely to increase as many banks still lack the market position needed to compete with large established peers, particularly in overbanked …
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The four big banks — First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank — account for more than two-thirds of the UAE’s banking sector assets. A large, one-off …
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