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Tag: finance

Posted on 11/09/2018

UAE Approves Plans to Regulate ICO Tokens as Securities

The UAE’s financial regulator is taking the final steps to regulate the way that blockchain start-ups are raising money, or ICOs, but has warned of the many risks involved. The watchdog is proposing a …
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Posted on 10/09/2018

Saudi Arabia leads Mena IPO activity in Q2

IPO activity was relatively slow in H1 2018 … Microsoft More from Khaleej Times Petrol prices in UAE to increase in September Video: Kochi airport resumes operations after 15 days 368 smart buses to …
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Posted on 10/09/2018

What a UAE bank merger might mean for consumers

The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Posted on 10/09/2018

Are bank mergers good for UAE consumers?

The next bank merger in the UAE could see a tie-up between Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank. While analysts have said the move would be a boon for the corporate sector, …
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Posted on 10/09/2018

Dh10 million to be awarded to UAE savers

Official statistics indicate a decline in the amount of bank deposits made by UAE residents. As of the latest report, deposits from residents saw a monthly fall in May, although gross non-resident …
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Posted on 09/09/2018

UAE introduces framework for fintech pilot licences

The UAE’s minister of economy has issued a decree adopting a regulatory framework for financial technology (fintech) firms conducting operations under experimental licences. The decree …
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Posted on 08/09/2018

Hindujas eyeing UAE for global HQ, seek to acquire local bank

In the UAE, the group has diversified business interests ranging from petrochemicals, and finance to bus/truck manufacturing. In Ras Al Khaimah, the group’s Ashok Leyland operates a commercial vehicle …
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Posted on 08/09/2018

Leading Middle Eastern Fund Fights Flood of Money

… bank with a fund management arm in Dubai, United Arab Emirates. Since December of 2017, he has been the lead portfolio manager of the $350 million Arqaam Value fund (Arqaam means numbers in Arabic …
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Posted on 07/09/2018

Hinduja Group opens talks to pick up equity in UAE bank

“We had many options offered to us in the UAE financial services — we never know what will follow in your lap. You have to look for synergies, you have to do due diligence. The institutions we …
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Posted on 06/09/2018

Leaders UAE 2018 Preview: Document control can cut financial disputes

RELATED ARTICLES: In pictures: Speakers of Leaders in Construction UAE 2018 revealed | Leaders UAE 2018 Preview: ASGC’s Bishoy Azmy on tech and diversification | GCC construction leaders must learn fr…
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Posted on 06/09/2018

UAE Ambassador, Serbian Finance Minister discuss cooperation

BELGRADE, Serbia, 5th September, 2018 (WAM) — Mubarak Saeed Ahmed Barasheed Al Dhaheri, UAE Ambassador to Serbia has met with Sinisa Mali, Serbian Finance Minister, at the ministry’s headquarters …
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Posted on 06/09/2018

Saudi financial sector strong enough to withstand shocks

Dubai: Saudi Arabia’s financial sector remains sound and resilient to economic shocks, Dr Fahad Al Shathri, Deputy Governor for Supervision at the Saudi Arabia Monetary Authority (Sama), said in …
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Posted on 05/09/2018

Dubai Slowdown Prompts S&P to Lower Ratings of Two State Firms

It also downgraded DIFC Investments LLC, which owns properties in Dubai’s tax-free financial center, to BBB- with a stable outlook. “Credit conditions in Dubai have deteriorated, which we believe affe…
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Posted on 05/09/2018

UAE project pipeline ‘boon for Islamic banking sector’

The UAE banking sector is set to benefit from the emirates’ project pipeline of construction and infrastructure-related initiatives, which forms a key component of the country’s drive to diversify the …
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Posted on 05/09/2018

DME launches 8 new oil contracts

DME Chairman Ahmad Sharaf said: “The new listings are the next step in the natural evolution of the DME and exchange-traded products across the Asian markets, helping customers to hedge physical … b…
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Posted on 05/09/2018

NRI investors in deposit products stand to lose heavily from rupee decline

Dubai: Thousands of non-resident Indians (NRIs … to India and an interest rate of about 2.5 per cent on the leveraged funds. In addition, customers will also pay for the currency hedge against …
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Posted on 05/09/2018

Defunct UK Hedge Fund Decries £1B Danish Tax Fraud Suit

Law360, London (August 20, 2018, 5:14 PM BST) — A defunct London hedge fund targeted by a Danish tax probe hit back … Shah, who is based in Dubai and is named in the suit, has denied wrongdoing aft…
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