BAGHDAD — A United Arab Emirates energy company and two Chinese firms emerged Thursday as the only winners in Iraq’s rushed bidding round for nearly a dozen hydrocarbon-rich areas. Only nine companies out of 26 originally prequalified decided to take part.
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Malabar Gold plans IPO by 2020, contemplates dual-listing in Dubai
The world’s fifth biggest jeweller by sales, Malabar Gold, will file for an IPO by 2020 and is looking at exchanges in Dubai or London, in addition to India, according to the company’s international operations chief. “Our Indian operations will grow …
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UAE tourists VAT refund scheme plan approved
HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, who headed the meeting, applauded the commitment and voluntary compliance that UAE businesses have shown in the past few months. Despite being only a few months old …
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Goldman Sachs to relocate senior Dubai banker to New York
Makarem, a managing director who joined the investment bank almost 8 years ago and has most recently focused on clients in the Middle East from the Dubai office, will join the Financial and Strategic Investors Group, according to a spokesman for the firm.
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Emirates Islamic named best personal finance provider
Emirates Islamic, a leading financial institutions in the UAE, has been recognised for the second consecutive year as the ‘Islamic Personal Finance Provider of the Year’ by over 5,000 users of YallaCompare, a top financial comparison site in the Middle …
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Saudi Arabia issues new Islamic sukuk to finance budget
The finance ministry’s debt management office said it raised $ … 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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80pc of UAE residents recommend their bank: study
The survey, conducted as part of the yallacompare Banking and Insurance Awards 2018, sought to ascertain the leading banks and financial products in the UAE by popular vote, and was taken by over 5,100 UAE residents. Awards were handed out recently at a …
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UAE’s Mubadala buys stake in New York investment firm
The investment was made through Mubadala Capital, Mubadala’s financial investment arm … 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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BR Shetty’s Finablr readies for possible London IPO
Travelex and others under UAE billionaire Bavaguthu Raghuram Shetty’s newly formed holding company Finablr are preparing for a London initial public offering (IPO). The company announced yesterday that the financial brands will come together under a new …
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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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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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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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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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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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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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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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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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