Tag: finance

Smaller banks in the United Arab Emirates are facing regulatory pressure to merge after the fallout from a property downturn forced the state to lead a bailout of Invest Bank last month.
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First Abu Dhabi Bank, the largest bank in the United Arab Emirates, said on Facebook it is working to repay customers wrongly charged Dh175 ($47.7) on their accounts. The bank’s customers had complain…
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DUBAI: A flurry of announcements from Saudi Arabia’s energy … Al-Falih also updated global markets on plans for an initial public offering (IPO) of Aramco shares, scheduled for 2021, assuming market…
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The UAE government has put youth empowerment high on its agenda to ensure the young generation is well equipped to contribute to the national development drive. The country’s leadership has worked wit…
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Hedge funds are coming off their worst year in seven years … the Kuwaiti pension fund was pushing ahead with liquidation proceedings against Abraaj, upending the Dubai-based private equity firm’s at…
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Bahrain had its first IPO for four years following the flotation of port operator APM Terminals Bahrain, which raised $31.5 million in December, and although there were no new listings on either the A…
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HF Markets, which is also commonly known by its trading name HotForex, has revealed exclusively to Finance Magnates that it has expanded its operations to the United Arab Emirates. The newly-launched …
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The FT said that for the creditors of the Dubai-based Abraaj, the proposed sale is still likely to prove the biggest source of recovery funds. Abraaj was one of the most high-profile private equity co…
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UAE financial comparison website yallacompare raised $8 million in its latest funding round, the company said on Monday. The lead investors are STC Ventures, managed by Iris Capital, and Dubai venture …
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Pakistani and United Arab Emirates leadership have met thrice now in three months. Prime Minister Imran Khan visited the UAE twice after assuming office in August to seek economic assistance. Both cou…
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DUBAI, 6th January, 2019 (WAM) — Dubai International Financial Centre, DIFC, has signed a Memorandum of Understanding with Innovate Finance, an independent membership association that is at the …
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Dubai International Financial Centre (DIFC) has signed a memorandum of understanding (MoU) with Innovate Finance to cement cooperation and collaboration between the UK and Dubai FinTech ecosystems. Ar…
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According to Bayt.com, 57% of females seek out jobs that allow them to stand on their own feet According to the poll, 48 per cent of women want to support or financially contribute to the household. P…
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The Dubai index staged continued recovery as strong US markets fanned risk appetite in small stocks like Gulf Finance House and Salama Insurance. The Dubai Financial Market general index closed 0 …
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Deposits at UAE-based banks outvalued loans by Dhs85bn ($23bn) during the first 11 months of 2018, according to figures from the country’s Central Bank. The Eligible Liquid Assets Ratio rose to …
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Deposits outvalued loans at UAE-based banks by Dh85 billion ($23 billion) during the first 11 months of 2018, a media report said, citing the Central Bank of United Arab Emirates. The Eligible Liquid …
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Dubai’s biggest bank Emirates NBD has announced the launch of a new VAT-based loan programme for small and medium-sized enterprises (SMEs) in the country. SMEs can now apply for financing by …
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