Leigh Flounders, NZTech board member is appointed head of digital strategy of Dubai bank Emirates NBD. “My move to Dubai, leading digital strategy within the financial services industry provides opportunities for New Zealand technology businesses to …
( read original story …)
$1.14bn in non-resident deposits in UAE Islamic banks in 2018
according to UAE Central Bank figures. According to the Central Bank statistics, at the end of December 2017 the total amounted to AED 12.81 billion ($3.49 billion). The amount of deposits in January and February is a two-year high, which official say is a …
( read original story …)
UAE to strengthen relations with Arab countries at financial forum
UAE Central Bank Governor, HE Younis Haji Al Khoori, Undersecretary of MoF, and a number of experts and specialists in the Arab financial sector at the Ministry and the Central Bank. Al Tayer noted the importance of the joint meeting of Arab Financial …
( read original story …)
New York Townhouse Now On Sale For $45 Mln In Cryptocurrency
Zannet founded hedge fund Zanett Asset Management in 1992 and in 2015 founded … cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali. Bitcoin-only property deals have also come up …
( read original story …)
UAE Ministry of Finance Participates in Joint Meeting of Arab Financial Institutions
In a bid to strengthen UAE’s relations with Arab countries and various regional and international institutions, the Ministry of Finance participates in the joint meeting of Arab Financial Institutions currently taking place in Jordan. Participants …
( read original story …)
Saudi Aramco IPO in 2018 or 2019, says minister
referring to the planned initial public offering (IPO) of Aramco, tipped to be the world’s biggest. 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.
( read original story …)
ADNOC Distribution to open three stations in Dubai this year
“We don’t have a presence in Dubai, therefore if you are an ADNOC customer … s successful listing on the Abu Dhabi Securities Exchange (ADX) in December. “The IPO and recently announced fourth quarter and 2017 full year results illustrate that …
( read original story …)
BRISyariah to hold IPO in early May
“I expect the IPO will help our financing grow around 13 to 15 percent this year,” Hadi added. BRIsyariah’s move to go public will mark its position as the second publicly listed sharia bank in the country after Dubai Panin Dubai Syariah Bank held an IPO …
( read original story …)
BREAKING NEWS: MIGUNA MIGUNA LIFE IN DANGER After DEPORTED IN DUBAI – Dubai Video
HII IPO KWAAJILI YAKO KUKUPA TAARIFA ZOTE Habari ya hivi Sasa, Habari za MASTAA, Michezo, Siasa, picha na video za Ishu mbalimbali!! SUBSCRIBE AJAABU TV Some local news is curated – Original might have been posted at a different date/ time! Click the …
( read original story …)
Adnoc Distribution approves Dh735m dividend payment
Dubai: Shareholders of Adnoc Distribution … Sultan Ahmad Al Jaber, board chairman of Adnoc Distribution, said in a statement: “The initial public offering (IPO), and recently announced fourth quarter and 2017 full year results, illustrate that Adnoc …
( read original story …)
International investors see ways to buy into Saudi’s reform, even without an international Aramco IPO
Reluctance to do so could threaten the IPO,” Auberty added, noting additional pressure from insufficient domestic liquidity and competition from other established regional exchanges like Dubai’s.
( read original story …)
Exclusive: Uber’s Middle East rival Careem in talks on new funds – sources
DUBAI (Reuters) – Careem, Uber’s main [UBER.UL] ride-hailing … adding Careem may be looking to diversify ahead of a potential initial public offering (IPO). Careem has repeatedly said that a listing is eventually on the cards, but that it was not an …
( read original story …)
The Saudi Aramco Handbook – Everything You Need to Know About the World’s Largest IPO
Dubai leading here). There also will be active private distribution of paper representing holdings obtained from the IPO. The overriding consideration is liquidity. MbS will certainly have as a primary concern how much revenue can be gained from the float.
( read original story …)
Dubai traders in $200m scam sentenced to 500 years in prison
and global asset freezes are expected to continue in the UAE, India, Australia, Canada, British Virgin Islands and the US, while about 25 bank accounts have been emptied and frozen. “It sends a very strong message. Financial crime not only destroys the …
( read original story …)
Dubai SME expands Beehive finance deal
Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will …
( read original story …)
Dubai’s Abraaj said to seek help over $1bn health fund concerns
The Dubai-based firm held talks last week with some of the investors … The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp. unit, CDC Group and Proparco Group had hired a forensic accountant to examine what happened to …
( read original story …)
Omniyat secures $40m financing for Dubai real estate project
Dubai-based developer Omniyat has $40 million in construction financing from Kuwait’s Burgan Bank for its twin tower project, The Sterling. Located in Dubai’s Burj Khalifa area, the Sterling will consist two towers – the East House and West House …
( read original story …)