Tag: finance

The contractor had started preparations for an IPO in late 2015, having hired three banks as advisors to arrange for its listing on the Dubai Financial Market, a Reuters report said at the time, quoting sources familiar with the matter. However …
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The UAE’s Federal National Council (FNC) has approved a draft bill to regulate finance leasing through the Central Bank, in a bid to improve the credibility of contracts offering terms that allow access to funds for large capital expenditure without …
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The UAE’s Federal National Council On Tuesday approved a draft law regulating finance leasing. The new law makes it illegal for finance leasing to be practiced in the country without a licence from the central bank. Any previous contracts signed without …
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This will contribute to establishing a sound economic environment that gains the trust of investors and financial institutions, and leads the UAE to become the preferred place to do business,” said Al Khoori. In 1980, the Organisation for Economic …
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Commercial Bank of Dubai, one of the leading financial institutions in UAE, announced the appointment of Khaled Rasheed Al Hammadi as its new Head of Sales and Distribution. The appointment is in line with the Bank’s Emiratization strategy. Al Hamadi …
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Dubai-based ride-hailing app Careem on Monday announced the appointment of a new senior executive to oversee the company’s long-term strategic and financial planning. Ashish Jain has been hired as VP of Strategic Finance and will bring significant …
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Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Insurance, Real Estate & Construction and Services sectors propelled shares higher while losses in the Finance & Investment, Banking and Telecoms sectors …
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Dubai: Dubai Financial Market (DFM) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Dubai Economy to launch a first-of-its-kind Brokers Excellence Rating initiative as part of its constant efforts to promote service excellence.
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A personal finance consultant has been convicted of running his business without a licence, amid claims that he invested his clients’ money in high-risk start up companies without their knowledge. Neil Grant was convicted by Dubai Criminal Court of …
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The conviction of personal finance consultant Neil Grant yesterday in Dubai showed how easy it is to fall prey to unscrupulous investment advisers. Grant was convicted of running an unlicensed business, amid claims he funnelled his clients’ money into …
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Dubai: To mark Data Privacy Day, the Ministry of Finance (MoF) has emphasised the importance of protecting personal data for financial transactions, in light of the digital revolution and the increasing global trends to protect individuals from the misuse …
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Dubai-based cryptocurrency exchange BitOasis is accepting new … Any new users wishing to purchase Bitcoin and Ethereum from the site must enter bank details, ID and proof of address before transactions more than that amount are enabled, a process that …
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First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, on Monday reported a 3.5 percent profit fall in 2017, citing costs linked to its recent merger. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its full …
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Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas’ Eygptian banking …
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Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced that net profit for 2017 dropped 3.5 per cent to Dh10.92 billion as compared to Dh11.52 billion in the previous year. The group’s revenue also declined four per cent year on year to …
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Dubai: Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares. Shareholders will have a right to buy one share for every three shares held and will …
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