Tag: finance

Abu Dhabi: The total foreign currency assets held by the Central Bank of the UAE rose 5.9 per cent in November, as current account balances went up and deposits with foreign banks strengthened.
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DUBAI, Dec 17 (Reuters) – Banks in the United Arab Emirates were unaffected on Monday by the central bank’s statement in support of Sharjah’s loss-making Invest Bank, which has been hit by exposure to …
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The Mohammed Bin Rashid Innovation Fund is inviting applications from start-ups around the world and will select up to 25 local and international companies for its first accelerator programme to boost …
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The UAE’s Ministry of Finance has launched a new accelerator to drive innovation in the country. The Mohammed Bin Rashid Innovation Fund (MBRIF) Accelerator is a year-long programme established in par…
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YouGov’s latest survey finds that although UAE residents are generally happy with their current financial situation, they worry about their financial future due to fear of job loss and pay cuts Financ…
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The UAE Central Bank on Sunday said it was closely monitoring financial developments at Sharjah’s Invest Bank after the emirate’s government said it would take a majority stake. The state …
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DUBAI, Dec 16 (Reuters) – The central bank of the United Arab Emirates (UAE) said on Sunday it stood ready to extend “all the available liquidity facilities” to struggling Invest Bank . The central ba…
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Dubai Investments Park Development, which develops and manages property for the holding company, is also working with First Abu Dhabi Bank, Emirates NBD and Dubai Islamic Bank to place the five-year n…
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Emirates NBD, Dubai’s biggest bank, has announced that its debit and credit card customers can now pay via Google Pay. As contactless payments gain popularity in the UAE, the bank, which is investing …
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DUBAI – Shares of Qatar Aluminium opened at 18.00 riyals on Sunday, 78 percent above their initial public offer price of 10.10 riyals, capping a successful run for Qatar’s biggest equity listing this …
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The bank is also cutting jobs in Dubai and key markets including Singapore, including some senior roles, people familiar with the matter said earlier this month. Standard Chartered cut jobs in its Ind…
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https://gulfnews.com/business/property/50-per-cent-completion-required-before-off-plan-sales-can-begin-in-dubai-1.2176706 Al-Ahli supermarket … is closing down – Al-Sharhan Securities GEMS had plann…
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Abu Dhabi: The UAE Central Bank said on Wednesday that a currency swap between China and the UAE is going well and that transactions between the two countries are up 13 per cent year on year.
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The United Arab Emirates and Saudi Arabia are jointly developing a digital currency meant for interbank transactions. A digital currency meant for interbank transactions is being jointly developed …
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Firoz Tarapore, CEO of DAE said: “We are pleased to sign this facility with Emirates NBD, a leading bank in the UAE and the Middle East. This facility reinforces the strong availability of liquidity i…
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There is no stopping the scammers from inventing new fraudulent ways once the old ones are exposed. All residents can do is stay vigilant and cross-check before acting on any SMS/Email/Whatsapp msg th…
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The Sharjah government will take a majority stake in struggling Invest Bank, the lender said on Friday, in a move it said would help ensure its future growth. Invest, one of the smaller banks in the U…
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