Banks believe a way in which future collaboration can be fostered is by ‘standardizing best practices’ across the industry …
( read original story …)
UAE Ministry of Finance implements Procure-to-Pay
The Ministry of Finance continues to enhance its services and implement best practices in digital transformation. This is in line with the ministry’s strategic vision to be the leading government …
( read original story …)
UAE Minister of State for Foreign Affairs Gargash Addresses AJC Virtual Global Forum
UAE Minister of State for Foreign Affairs Gargash Addresses AJC Virtual Global Forum PR Newswire NEW YORK, June 16, 2020 NEW YORK, June 16, 2020 /PRNewswire/ — UAE Minister of State for Foreign …
( read original story …)
Banking & finance employees are the happiest during Covid-19: YouGov
A large proportion of UAE employees are very positive about how their employer … The figures are noticeably higher among employees working in the ‘Banking & Finance’ sector (73%). Advertising/ …
( read original story …)
Dubai’s Motakhayyel becomes first winner at this year’s Royal Ascot
UAE horse Motakhayyel became the first winner of this year’s renewal of the prestigious Royal Ascot horse racing festival, by clinching the Buckingham Palace Handicap on Tuesday. The four-year-old …
( read original story …)
UAE confident that OPEC+ laggards will meet oil cut commitments
The energy minister of the United Arab Emirates said on Monday he was confident OPEC+ countries with poor compliance to agreed cuts would meet their commitments and said there were signs that oil …
( read original story …)
Italy’s GVS IPO price guidance revised per share from initial IPO
Italian filter maker GVS is expected to price its initial public offering (IPO) in the upper half of the range …
( read original story …)
What should investors look for in a New Fund Offer (NFO)?
When an investment firm (asset manager) plans to launch a new fund, it offers the public a chance to be the first to take part in the cash pool by investing in what is termed as a ‘new fund offer’, or …
( read original story …)
UAE’s Invest Bank reports $601.7 mln accumulated losses at end-2019
DUBAI, June 15 (Reuters) – Sharjah-based Invest Bank’s accumulated losses stood at 2.21 billion dirhams ($601.72 million) at the end of 2019, 70% of its capital, the bank said in a bourse filing. In …
( read original story …)
Sharjah Islamic Bank hires banks for dollar sukuk, document shows
Sharjah Islamic Bank has hired a group of banks to arrange a global investor call ahead of a potential issuance of five-year U.S. dollar-denominated sukuk, or Islamic bonds, a document showed on …
( read original story …)
Saudi Arabian property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30 percent of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since …
( read original story …)
Saudi Arabia’s Bindawood Holding to launch IPO as early as this month-sources
Bindawood’s IPO would follow another public share sale by mortgage lender Amlak International for Real Estate Finance …
( read original story …)
Saudi property firm Amlak plans first post-coronavirus Riyadh IPO
Saudi Arabian real estate financing firm Amlak International said on Sunday it will float 30% of its shares in Riyadh, in what will be the exchange’s first initial public offering (IPO) since the …
( read original story …)
Amlak International announces intention to list on Saudi stock exchange
The announcement of our intention to list on Tadawul is a historic moment for the company, with the forthcoming IPO a testament to our commitment to future growth. Amlak International plays a leading …
( read original story …)
Dubai Economy, Commercial Bank of Dubai to provide exclusive banking services for DED Trader licence holders
DUBAI – The Business Registration and Licencing (BRL) sector of Dubai Economy and Commercial Bank of Dubai (CBD) have joined hands to provide exclusive banking services for DED Trader licence holders.
( read original story …)
Ministry of Finance launches first phase of Accrual Accounting Programme
The transition to accrual accounting represents a critical step that increases the efficiency of the federal budget and improves public financial management in the country. The fi …
( read original story …)
Pinsent Masons grows its Financial Services offering in Dubai; appointment of Banking & Finance partner
Multinational law firm, Pinsent Masons, has appointed Banking & Finance partner Matthew Escritt to lead the firm’s Banking & Finance practice in the Middle East, based in Dubai. Matthew joins from …
( read original story …)