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Tag: finance

Posted on 27/11/2018

Dubai’s DAE raises bond repurchase programme by $300m

Dubai Aerospace Enterprise (DAE), the Middle East’s biggest … “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our project…
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Posted on 27/11/2018

UAE to enforce new regulations on tobacco products soon

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Federal Tax Authority (FTA), issued a decision regarding the implementation of the Mark…
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Posted on 27/11/2018

DBS to almost double staff, triple revenue of Mideast private banking

DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East …
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Posted on 27/11/2018

DBS bank announces five-year wealth expansion plan in the Middle East

Dubai branch to serve as strategic hub for bank’s Middle East private banking arm Along with its expansion plan, DBS also unveiled its new and expanded office premises located at the heart of Dubai’s …
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Posted on 27/11/2018

Singaporean fintechs engage with UAE digital bank

HI-TRAC: The author’s shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make the UAE a great place for a startup. This week’s article is abou…
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Posted on 27/11/2018

UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain

A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction …
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Posted on 27/11/2018

Emirates Institute for Banking and Financial launches research portal and mobile app

Dubai-UAE: – The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has launched a state-of-the-art online research portal t…
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Posted on 27/11/2018

du Launches Cloud-based ICT Infrastructure and Compliance Management Services for UAE Enterprises with support from Caveonix

This relationship will ensure that large enterprises, particularly government and financial institutions in the UAE, can easily leverage proactive ICT and cloud workload protection in the face of comp…
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Posted on 26/11/2018

DIB Crowned World’s Strongest Islamic Retail Bank 2018

Dubai Islamic Bank, the UAE’s largest Islamic bank, received three much sought after awards, including the ‘Strongest Islamic Retail bank in the World’, at the prestigious Islamic Retail Banking Award…
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Posted on 25/11/2018

Petrochem eyes 2022 IPO, says CEO

“We are watching the IPO market, but this is not the time to do it … Its storage terminal in Jebel Ali Freezone in Dubai is considered among the most sophisticated facilities of its kind in the worl…
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Posted on 24/11/2018

UAE, GCC can bank on financial sector

The outlook of the UAE and GCC banking is steady and promising despite external challenges that it faces as the regional financial industry is capital-rich, Mohammed Al Hashemi, chairman of the UAE Fi…
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Posted on 23/11/2018

DeVere launches a new crypto fund

DeVere Group, which has over 80,000 clients in 100 countries, stated on its website that the new investment solution, called deVere Digital Asset Funds, is being in partnership the Dubai-based hedge f…
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Posted on 23/11/2018

Crypto Platform Bitex UAE Launches in United Arab Emirates

Those regulations Modi is referring to is the comprehensive framework the Financial Services Regulatory Authority, the regulator of Abu Dhabi Global Market launched earlier this year to regulate crypt…
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Posted on 23/11/2018

The wife of a man imprisoned in the UAE says he wasn’t even allowed to look at her as he was sentenced to life in a 5-minute hearing

The wife of a British academic who has been sentenced to life in prison in the United Arab Emirates said he was not even allowed to look at her in court. Matthew Hedges was sentenced on charges of spy…
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Posted on 23/11/2018

UAE’s Finablr hires banks for IPO, listing in London – sources

ABU DHABI/LONDON, Nov 22 (Reuters) – United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half …
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Posted on 23/11/2018

CORRECTED-UAE’s Finablr hires banks for IPO, listing in London – sources

ABU DHABI/LONDON, Nov 22 (Reuters) – United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half …
( read original story …)


Posted on 22/11/2018

UAE Exchange launches Leadership Development Programme for indigent children in Association with PeoplePro

Dubai: On the occasion of World Children’s Day in the Year of Zayed, UAE Exchange, a renowned financial services brand in the United Arab Emirates, and PeoplePro, an organisation at the forefront of e…
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