Tag: finance

Alternative investments, such as hedge funds, derivatives, foreign currency … Knight Frank’s 2017 Wealth Report has ranked Dubai fourth in the world on its list of cities with the biggest inflow of HNWIs. Dubai attracted about 2,000 of these very …
( read original story …)

---

The UAE Central Bank announced that the same figure reached Dh40.8 billion during the second quarter of 2017, an approximate increase of 10 per cent, compared to Dh37.1 billion in the first quarter of the same year. According to the bank’s data …
( read original story …)

---

Japan-based Fujitsu, a leading ICT company, has announced a new contract with BBAC, a top bank in Lebanon, to drive its enhanced digital transformation at the 10thFujitsu World Tour 2017 being held in Dubai, UAE. Fujitsu will support BBAC in a full data …
( read original story …)

---

DUBAI, Sept 28 (Reuters) – Banking shares helped take the Saudi index slightly higher in early trade on Thursday after news that the government has priced a $12.5 billion international bond issue, while the rest of the region was mixed. The sovereign bond …
( read original story …)

---

says one hedge fund manager and bitcoin fan … while bra baroness Michelle Mone has said she will accept bitcoin as payment for lavish Dubai flats. Outside the financial world, bitcoin remains little understood. Notably, Google’s auto-complete …
( read original story …)

---

Emirates NBD, Dubai’s largest bank by assets, wants the UAE Central Bank to ease restrictions on mortgage loans by separating housing finance from the bracket of funding extended to the real estate and construction sectors, a move the bank hopes will …
( read original story …)

---

The Ministry of Finance announced that the UAE was ranked first in the ‘Efficiency of Government Spending’ index, a sub-criteria of the World Competitiveness Report 2017- issued by the World Economic Forum (Davos) in Switzerland, having ranked second …
( read original story …)

---

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented this achievement to Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the …
( read original story …)

---

Since 2010, the UAE has achieved high rankings among the top 10 countries in the “Efficiency of Government Spending” index, where the country rose from the seventh position globally, to third in 2013, and then maintained the status of second worldwide …
( read original story …)

---

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named Leading Corporate for Investor Relations in the UAE at the 2017 Middle East IR Association (MEIRA) Annual Conference, which …
( read original story …)

---

Financial institutions in the UAE must go on the offensive and use digital technology to build the bank of the future, as technology is already enabling new-age innovators to come up with solutions that will disrupt the whole industry. “All institutions …
( read original story …)

---

A partnership has been set up to develop and implement emCash, an encrypted digital currency, which people can use to pay for various government and non-government services in Dubai. According to state news agency WAM, Emcredit, a subsidiary of Dubai …
( read original story …)

---

The greenfield IPO of Orient UNB Takaful in Q2 of 2017 represents the first IPO on the Dubai Financial Market since the IPO of Dubai Parks and Resorts in 2014. The company raised $16.3 million. While Emirates NBD Asset Management raised $105 million by …
( read original story …)

---

The greenfield IPO of Orient UNB Takaful in second quarter of 2017 represents the first IPO on the Dubai Financial Market (DFM) since the IPO of Dubai Parks and Resorts in 2014. Volume of deals increase in GCC The GCC saw 13 IPOs raised in the first half …
( read original story …)

---

In addition to his role as CEO of Mashreq, HE Abdul Aziz Al Ghurair is Chairman of the UAE Banks Federation (UBF). Here he discusses the UBF’s activities in developing new banking solutions and its role in partnership with the Central Bank of the UAE and …
( read original story …)

---

DUBAI: Saudi Finance Minister Mohammed al-Jadaan told bond investors during a presentation on Monday that the initial public offering (IPO) of Saudi state oil giant Aramco will proceed as planned in 2018, sources familiar with the matter told Reuters.
( read original story …)

---

He also said that they were looking at new opportunities in managing ports outside the UAE but refused to divulge details … When asked whether they were considering an IPO, he said they “have no immediate plans.” Abu Dhabi Ports will be purchasing …
( read original story …)

---