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Tag: finance

Posted on 17/01/2019

Financial institutions are key to funding sustainable projects in the region, ADGM chairman says

to achieve long-term sustainability and prosperity for all,” Ahmed Al Sayegh, who is also a UAE minister of state, said on Wednesday at the Abu Dhabi Sustainable Finance Forum. “To achieve the right r…
( read original story …)


Posted on 17/01/2019

Saudi CMA nods to Bait Al Mal Al Khaleeji fund IPO

Riyadh – The Saudi Capital Market Authority (CMA) on Wednesday approved an initial public offer (IPO) for units in BMK Saudi Freestyle Equity Fund Sharia Compliant. The IPO made by Bait Al Mal Al Khal…
( read original story …)


Posted on 17/01/2019

Virtusa’s Open Innovation Platform Powers the First Open Banking Sandbox in the Middle East

“Emirates NBD has been happy to partner with Virtusa to debut the first API Sandbox by a UAE Bank. This collaboration has enabled us to offer the right tools for enterprising FinTechs and developers w…
( read original story …)


Posted on 16/01/2019

Market regulator expects IPOs this year, including Emirates Global Aluminium

IPO activity could improve with the inclusion of GCC markets in global gauges and regulatory changes, it added. EGA, the UAE’s biggest industrial company outside the oil and gas sector, said in Septem…
( read original story …)


Posted on 16/01/2019

How to avoid bank fraud in the UAE

Isabelle Jones made the mistake of clicking on a link in an email claiming to be from her bank. “It asked me to change my password and it looked very legit and I was busy, so I didn’t pay attention,” …
( read original story …)


Posted on 16/01/2019

Oil, secondary markets to dictate GCC IPOs in 2019

another Dubai-based company, garnered $25 million from its IPO on London’s Alternative Investment Market. During the year however, the Dubai Financial Market witnessed two dual listings from Egypt’s N…
( read original story …)


Posted on 16/01/2019

Banking in the UAE: What Your Bank Should Be Offering You in 2019

Technology advances and services have to advance with them to stay ahead of the curve. Banking in the UAE is no different. In 2017, Google conducted its Connected Consumer Survey which proved the UAE …
( read original story …)


Posted on 15/01/2019

Financial confidence on the rise for UAE residents

Financial confidence soared in the fourth quarter of 2018 after residents adjusted their budgets to factor in the effects of VAT and high summer spending, a study from UAE financial comparison site ya…
( read original story …)


Posted on 13/01/2019

UAE aid keeps Pakistan government afloat

The government riding a wave of momentum after having secured a $6.2 billion financial aid package from the United Arab Emirates (UAE), is dilly-dallying on a potential International Monetary Fund (IM…
( read original story …)


Posted on 13/01/2019

Dubai e-Mal launches digital financial platform

Dubai-based fintech e-Mal has officially inaugurated its full-fledged digital financial platform that aims to revolutionise the way individuals and businesses transact to make payments, micro-lending …
( read original story …)


Posted on 13/01/2019

As Middle Eastern economies diversify, the strength of the UK’s relationship with the UAE remains constant

But as significant as these factors are, some things – such as London and the UK’s inherent strengths in global finance, our ability to innovate and our willingness to collaborate with Gulf nations su…
( read original story …)


Posted on 13/01/2019

The rise of robo-advisers in the UAE

received a full operating licence in November following a phase in the Dubai International Financial Centre’s sandbox. The company, which has around 2,700 registered users, is now looking to reach an …
( read original story …)


Posted on 13/01/2019

UAE markets starting to show the beginning of an uptrend

For the first full week of the new year, the Dubai Financial Market General Index (DFMGI) advanced by 19.63 or 0.79 per cent to close at 2,545.65. There were 22 advancing issues and 15 declining …
( read original story …)


Posted on 13/01/2019

Consolidating Pakistan-UAE ties

$3.2 billion each of oil supplies on credit as well as $3 billion in cash deposits were provided by both the Kingdom of Saudi Arabia and the UAE, along with $1.2 billion trade finance from the …
( read original story …)


Posted on 13/01/2019

Pakistan not approaching IMF for new bailout programme, considers alternative options: Finance Minister

Advertising The finance minister said he was meeting with businessmen in … “The impact of these investment agreements will become known from next week,” he said. Pakistan and the UAE finalised the t…
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Posted on 13/01/2019

UAE- Aramex acquires Saudi TAL

Listed on the Dubai Financial Market and based in the UAE, Aramex is centrally located at the crossroads between East and West, which allows it to provide customised logistics solutions anywhere …
( read original story …)


Posted on 13/01/2019

Mashreq enables Samsung Pay via banking app

Mashreq Bank, a leading financial institution in the UAE, has rolled out a service that allows customers to instantly add their credit cards to Samsung Pay via Snapp, enabling them to make easy, fast …
( read original story …)


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