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Tag: finance

Posted on 24/04/2018

Dubai on the Top List for Finance Graduates

Dubai has topped the list of cities that graduates want to call their home as they embark on their career in financial services, an annual poll by deVere Group has shown. DeVere asked those who started its flagship graduate programme, in which location …
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Posted on 24/04/2018

UAE emerges as global wealth management hub

Dubai: The UAE leads the region as the most appealing wealth management location for high net-worth individuals (HNWIs) in the GCC, according to the latest GCC Wealth Insight Report from Emirates Investment Bank (EIBank). According to the study …
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Posted on 24/04/2018

DIEDC to promote Dubai as Islamic financing hub

Dubai: The Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai that will result in the design and implementation of new initiatives complementing Dubai’s success in emerging as a leading global sukuk …
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Posted on 24/04/2018

Dubai ArtBank launches cryptocurrency payments

The Dubai ArtBank, the world’s first digital bank for art, launched by the Dubai Culture and Arts Authority, has introduced a new “Dubai Art Cryptocrruency” to manage art collections and art-related transactions. Launched in March, the initiative is …
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Posted on 23/04/2018

DFM to see listing of 2 Reits to push alternative finance for property

Dubai Financial Market plans to list two Real Estate Investment Trust (Reit) later this year, playing its part to push for alternative financing methods in the proposed Mortgage Law under the stimulus package, that intends to create greater depth in the pr …
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Posted on 23/04/2018

BR Shetty consolidates financial brands with new holding company

UAE billionaire businessman Dr. Bavaguthu Raghuram Shetty has launched a new UK-based holding company which will consolidate his global portfolio of financial services brands including UAE Exchange, Travelex, Xpress Money and others. Finablr, which will …
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Posted on 23/04/2018

UAE-based financial services conglomerate consolidates under new holding company

Dubai: The UAE based financial services conglomerate that includes, UAE Exchange, Travelex and Xpress Money on Monday announced the creation of a new holding company, Finablr, consolidating various financial services companies and brands under one umbrella.
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Posted on 23/04/2018

UAE billionaire BR Shetty sets up financial holding company

The UAE-based billionaire Dr. BR Shetty has created a new holding company, Finablr, bringing all of his global portfolio of financial services brands under this company. The company has been incorporated in the UK but will be headquartered in the UAE, said …
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Posted on 23/04/2018

Financial services holding firm Finablr set up

Noted UAE-based businessman Dr Bavaguthu Raghuram Shetty has announced the creation of “Finablr”, a new holding company which, subject to regulatory approvals, will consolidate his global portfolio of financial services brands under one single umbrella.
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Posted on 23/04/2018

Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud

The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local …
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Posted on 23/04/2018

Emirates Islamic Bank rewards saver with Tesla car

Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank …
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Posted on 23/04/2018

Dubai to launch a digital bank for art that uses cryptocurrency

Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called …
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Posted on 23/04/2018

Q1 results point to strong start for UAE lenders

would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline …
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Posted on 23/04/2018

Owner of Travelex, UAE Exchange prepares for potential London IPO

DUBAI, April 23 (Reuters) – Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will …
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Posted on 23/04/2018

No rush to IPO, says Emaar Hospitality CEO

Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO.
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Posted on 23/04/2018

Hedge-fund investors pour into oil as firms predict surge to $80

Hedge funds investing in oil are luring capital at the fastest pace … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 23/04/2018

Dubai’s New Mortgage Law to Bring More Flexibility, Financing Options

Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of …
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