Tag: finance

Dubai: The IPO activity in the UAE has remained subdued for the past few years, which can be broadly attributed to two factors — firstly and the most important one is the lack of favourable market conditions, and secondly the unfriendly regulatory …
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For example, in 2009, QVT led a group of bondholders to explore their options regarding the delayed debt payments of Nakheel, a real estate company owned by Dubai World. In 2007, QVT joined six other hedge funds to urge Refco Inc. to increase its payments …
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Dubai: The UAE’s total banking sector credit returned to positive monthly growth in July, reaching 0.2 per cent month on month after a contraction of 0.5 per cent in the previous month, according to UAE Central Bank data. Modest monthly improvement …
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The four largest banks in the UAE will see robust profits in the next 12 to 18 months despite pressure on fees and commision income, a Moody’s report states. Moody’s Investors Service said First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial …
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DUBAI (Reuters) – Bank of America Merrill Lynch (BAC.N … Emaar is already working with Goldman Sachs on the IPO but other banks are expected to be appointed as coordinators and bookrunners. The sources close to the matter said it was unclear what …
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(MENAFN – Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks’ #Pakistan units …
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Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks’ Pakistan units are launching new products …
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I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance …
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I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe …
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Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector …
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These tips were compiled as part of efforts by the UBF to raise banking security standards in the UAE and protect consumers from fraud and financial crime. This move is in response to an increase in incidents of financial fraud. Several reports have …
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Related: Tesla Successfully Raises Funds As Cash Bleed Continues Nigeria was hit especially … Sheikh Mohammed, Vice President of UAE and the ruler of the emirate of Dubai explained: “The plan aims to increase usage efficiency by 40 percent and increase …
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With the new regulation of the UAE Central Bank, we see a move towards regulating and legalising the emergence of PSPs to provide digital payments in the emirates. With the introduction and spread of digital money means in the UAE, the Central Bank is …
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Gross credit by the UAE banks grew in July, reflecting increase business activity in the country while deposit by non-residents increased last month. According to the UAE Central Bank data, gross credit increased by 0.2 per cent, rising from Dh1,591.3 …
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“Currently we are looking at the possibility of listing in Dubai and cross-listing at some other international bourse. The IPO will be somewhere between half a billion to one billion dirhams. Our application is with the authorities and the decision when to …
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