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Tag: finance

Posted on 10/04/2019

UAE’s Finablr mulls London IPO

ABU DHABI: UAE-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and cut debt. Finablr, …
( read original story …)


Posted on 10/04/2019

Updated: Two UAE firms’ IPOs set to drive M&A deals in Europe’s payment solutions industry – analyst

(Details of Network International’s IPO added to paragraphs 2 and 7). The potential listing of two United Arab Emirates payment firms on the London Stock Exchange could lead to them making …
( read original story …)


Posted on 10/04/2019

Finablr Aiming To Raise $200 Million In IPO

Finablr, a United Arab Emirates (UAE) payments company, is gearing up to launch an initial public offering in the U.K., aiming to raise at least $200 million. Finablr supports cross-border payments …
( read original story …)


Posted on 10/04/2019

UAE’s Finablr eyes London IPO that could raise at least $200 million

Dubai: United Arab Emirates-based payments and foreign exchange company Finablr is considering a stock market flotation in London that could raise at least $200 million to finance expansion and …
( read original story …)


Posted on 10/04/2019

Dubai payments firm stock surges in Europe’s biggest IPO of year

DUBAI: Network International stock jumped after the Dubai payments firm listed its shares in London in what is Europe’s biggest IPO of the year so far. The shares gained more than 16 percent in early …
( read original story …)


Posted on 10/04/2019

Dubai regulator sets up unit to assess digital and financial risk

Dubai’s financial regulator will establish a dedicated unit to study cyber risks facing the growing number of firms at the emirate’s financial free zone, its chief executive said. The Dubai Financial …
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Posted on 10/04/2019

UAE-Saudi pact on no double taxation takes effect

The UAE, represented by the Ministry of Finance, MoF, signed the agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion, at the Saudi …
( read original story …)


Posted on 10/04/2019

Double taxation agreement between UAE and Saudi Arabia comes into effect

The UAE, represented by the Ministry of Finance (MoF), signed an agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion, at the Saudi …
( read original story …)


Posted on 09/04/2019

Dubai’s “Quranic Park” draws on Islam’s holy text

DUBAI, April 9 (Reuters) – A new park that uses gardens and landscaping to tell stories from Islam’s sacred text has opened in Dubai, offering locals and tourists a day out with a religious twist. …
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Posted on 09/04/2019

Dubai International Financial Centre Builds Bridges between US, European and Middle East FinTechs with New Residency Programme

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today launched a residency programme at LendIt FinTech …
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Posted on 08/04/2019

UAE’s Finablr set to launch London IPO on Tuesday: sources

ABU DHABI/DUBAI (Reuters) – United Arab Emirates-based payments and … The plan comes after its rival firm Network International’s IPO drew strong demand from investors in a potential deal that could …
( read original story …)


Posted on 08/04/2019

Video: Does Careem deal show Uber may be overvalued at IPO?

Uber may be ‘overvalued’ at its upcoming initial public offering (IPO), given the majority stock portion of its $3.1 billion acquisition of Dubai ride-hailing app Careem, according to a partner at …
( read original story …)


Posted on 08/04/2019

Now you can do banking through WhatsApp in UAE

UAE banks are continuing to set the bar when it comes to technology adoption in the region, with a new focus on offering customer services through social media apps. Dubai’s largest bank, Emirates NBD …
( read original story …)


Posted on 07/04/2019

UAE-Saudi double tax avoidance agreement to lift trade, investment

Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE’s mainstream journalism for 35 years, including 23 …
( read original story …)


Posted on 07/04/2019

UAE, Saudi Arabia agreement on avoidance of double taxation comes into effect

The UAE, represented by the Ministry of Finance, MoF, signed the agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion …
( read original story …)


Posted on 07/04/2019

Dubai Islamic Bank Considers Acquiring Noor Bank, Sources Say

Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is considering buying its smaller rival Noor Bank PJSC, people with knowledge of the talks said. The bank has held …
( read original story …)


Posted on 07/04/2019

UAE- DGCX’s Spot Gold Contract receives Shari’ah certification

and greatly reflect the growing potential of Islamic finance across the UAE and wider GCC region.” Professor Yousef Abdullah Al Shubaily, Shari’ah Advisor, Minhaj Advisory, said, “Our vision is to …
( read original story …)


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