Tag: finance

(MENAFN – Khaleej Times) In just one year, Islamic economy has registered remarkable progress, its markets have expanded, products increased and its culture broadened. More specifically, global Islamic finance assets increased from $2 trillion in 2016 to $ …
( read original story …)

---

According to an intelligence report by Business Insider (BI Intelligence), Fintech could be bigger than ATMs, PayPal, and Bitcoin combined. “The fintech industry no longer stands clearly apart from financial services proper, and is increasingly growing …
( read original story …)

---

The initial public offering (IPO) market looks pretty strong as the UAE companies are projected to raise up to $9 billion (Dh33 billion) this year, which could see 2018 as a landmark year for the UAE financial markets, industry analysts have said.
( read original story …)

---

Preliminary meetings with investors have pitched the IPO as a bond-like security … Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)

---

When the Commercial Bank of Dubai (CBD) was created by an Emiri decree in 1969, the UAE was not yet an independent nation and Dubai was still very much a small Gulf port at the very beginning of its meteoric rise to become one of the world’s foremost …
( read original story …)

---

Dubai businessman Saeed Al-Falasi is reported to be interested … AC Milan are working to refinance more than 300 million euros in high-interest loans from US hedge fund Elliott Management. If the club is not able to refinance by next October the US …
( read original story …)

---

Millionaires in the UAE are significantly more confident about both their own prospects and the wider economic outlook than most of their counterparts in other major markets, according to a new UBS Confidence Index. The index – a study of over 5,400 …
( read original story …)

---

It’s reported that a member Dubai’s royal family is interested in buying Milan, amid doubts over Yonghong Li’s finances. The Rossoneri were bought over by the Chinese businessman last April, but a loan from US hedge fund Elliot Management was required …
( read original story …)

---

Now it deals with some of the world’s biggest banks, corporations and hedge funds. On the FSI secrecy index … And no one’s entirely sure how much offshore money is flowing through here. Dubai, servicing massive regional oil wealth, gets the highest …
( read original story …)

---

The MENA IPO value, or capital raised, amounted to $2.5bn in Q4 2017, over ten times the capital raised last year and the highest since 2014. The UAE led the MENA IPO market in value, having raised a cumulative of $2.2bn in capital, primarily contributed …
( read original story …)

---

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received twelve awards at the prestigious Islamic Finance News (IFN) Awards 2017. The Bank was recognized as the “Best Overall Islamic Bank”, “Best Islamic Bank in the UAE”, “Most …
( read original story …)

---

In fact, most insurers in the UAE only cover modifications that have been made through the authorised dealer or showroom, and not third party workshops. The car owner may be asked to produce receipts of the modification work done, at the time of applying …
( read original story …)

---

Noor Bank, a leading Shari’a compliant bank in the UAE, is the first Islamic bank to have successfully obtained associate membership of FCI, a global representative of the factoring and receivables finance industry. This significant membership will …
( read original story …)

---

Noor Bank, a leading Shari’a compliant bank in the UAE, is once again opening up new employment opportunities in the banking and finance space for UAE nationals as part of its consecutive participation in Careers UAE, which runs from 13 to 15 March at …
( read original story …)

---

UAE. The Department of Finance (DOF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DOF signed the agreement with …
( read original story …)

---

The banker, who is also the chief executive of Dubai-based Mashreq Bank, forecast loan growth of 5 per cent to 6 per cent on aggregate for banks in the UAE this year compared to 4 per cent last year. At the same time, the profitability of banks is likely …
( read original story …)

---

ICO skeptics have previously stated that in some instances, large investors like hedge funds get preferential terms and discounts, then they cash out. This practice has drawn similarities to initial public offerings in the 90’s where preferred investors …
( read original story …)

---