The UAE’s ministry of financing is working with federal entities to draft the 2020 fiscal budget using electronic systems in order to increase efficiency in the process and comply with international b…
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How Blockchain-based Platform, Tradelens is Transforming the Shipping Industry
According to Feroz Sanaulla, LDJ Capital Managing Director for Venture Capital (MENA, Abu Dhabi, Dubai), the increased sign ups is an indication that players in the shipping industry are keen on adopt…
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Dubai Islamic Bank and DEWA sign agreement to provide preferential profit rates on DEWA Store for financing electric vehicles
Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has entered into a partnership with Dubai Electricity and Water Authority (DEWA) to offer exclusive auto finance deals for electri…
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Fintech experts call for further regulations to bolster UAE tokenization
From left, Danish Chotani, CEO at Burj Financial; Shawn Davis, partner at KWM; Andrew Rippon, co-founder and CEO at Thrupny International law firm, King & Wood Mallesons (KWM) hosted a recent event in …
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UAE- ADGM opens 4th RegLab cohort focusing on API economy, sustainable finance
ABU DHABI, 4th March, 2019 (WAM) — Abu Dhabi Global Market, ADGM, will welcome applications for its fourth cohort of Regulatory Laboratory, RegLab, with dual themes of “API economy” and …
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Dubai regulator to review supervisions in wake of Abraaj collapse
Dubai’s financial regulator pledged to tighten controls following the collapse of Abraaj Group last year, in its strongest comments yet to address the unravelling of what was once the Middle East’s bi…
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UAE- ADIB named Best Islamic Bank in the Middle East at EMEA Finance Middle East Banking Awards
ABU DHABI, 3rd March, 2019 (WAM) — The Abu Dhabi Islamic Bank, ADIB, a leading financial institution, was named “Best Islamic Bank in the Middle East” and “Best Islamic Bank in the UAE” at the …
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UAE bank hires former StanChart senior exec as new CEO
UAE-based United Arab Bank (UAB) has announced the appointment of Ahmad Mohammad Abu Eideh as its new CEO. The appointment, effective from March 10, comes as part of the bank’s efforts to develop its …
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More IPOs needed to boost interest in UAE markets – EFG Hermes exec
Stock markets in the United Arab Emirates need to attract more companies in a braoder … “You have to be more proactive,” he said, adding that even a relatively small IPO of $100 million or more in a …
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Can the Transport and Logistics Sectors Take the Lead in Blockchain Mass Adoption?
But beyond documentation, Feroz Sanaulla, LDJ Capital Managing Director for Venture Capital (MENA, Abu Dhabi, Dubai) sees blockchain aiding in congestion and turnaround time reduction. He says, “I thi…
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Dubai regulator says Abraaj collapse may spur oversight changes
The Dubai Financial Services Authority (DFSA) could make changes to its oversight procedures following last year’s collapse of private equity group Abraaj, its chief executive said in a report …
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Dubai financial regulator may implement oversight changes following Abraaj collapse
The Dubai Financial Services Authority (DFSA) could make changes to its oversight procedures following last year’s collapse of private equity group Abraaj, its chief executive said in a report …
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Deutsche Bank sees up to 15% MEA revenue growth in 2019 as economies improve
Deutsche Bank, the biggest German lender, expects up to 15 per cent year-on-year growth in revenues from its operations in the Middle East and Africa after a softer 2018. It is also bullish on growth …
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Dubai’s Emirates NBD sees brand value top $4bn
Emirates NBD has been named as the UAE’s most valuable banking brand with a $4.04 billion valuation in The Banker’s annual brand valuation league table. The Dubai-based bank also secured a spot among …
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What the UAE gratuity of the future might look like
The event organised by financial advisory firm Mondial examined how the end of service benefit will evolve in the future. Leslie Pableo / The National The UAE’s end of service gratuity is set for an o…
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Big Short’s Eisman Expands U.K. Short Bets to Three Banks on Brexit
Eisman said at a conference in Dubai in November that he was shorting two U.K. banks … U.K. from retailers to real estate as the risk of a no-deal Brexit increases. Hedge fund manager Crispin Odey, …
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Bahrain’s Finance Minister receives UAE Ambassador
MANAMA, 1st March, 2019 (WAM) — Bahrain’s Minister of Finance and National Economy, Sheikh Salman bin Khalifa Al Khalifa, has extended his country’s thanks and appreciation for the UAE’s continuous s…
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