Tag: finance

Dubai: Aggregate monetary data for the first five months of the year from the UAE Central Bank showed a pick in both credit and deposit growth across the banking system. According to an analysis of th…
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DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of i…
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We are witnessing continuous change in the global financial landscape, with emerging markets becoming some of the most dynamic and rewarding destinations for investment and growth. In particular, the Middle East, Africa and South Asia (MEASA) region is …
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Bounced cheques worth AED26.2 billion ($7.1 billion) were reported in the UAE during the first five months of 2018, according to official figures. The Central Bank of the UAE recorded a total of 515,000 bounced cheques, about 4.3 percent of the total value …
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Dubai: The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC). According to the report, Dubai is …
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Dubai International Financial Centre (DIFC) has signed an MoU with Finance Innovation, France’s official financial tech innovation centre, to collaborate on the development of the FinTech ecosystem. The Memorandum of Understanding will include knowledge …
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The UAE Banks Federation (UBF) today announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11 November, 2018 at The Westin Dubai Al Habtoor City in Dubai. Held in …
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The UAE Banks Federation, UBF, today announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11th November, 2018, in Dubai. Held in association with Financial Times and The …
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The UAE is ideally positioned to serve as the “beating heart” of a regional innovation hub, according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC). The report reveals how Dubai is strategically …
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The UAE’s Securities and Commodities Authority (SCA) has announced plans to launch a platform to finance small and medium enterprises (SMEs). The organisation said it was working with the Ministry of Economy, which will provide regulatory and legislative …
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Law firm Dentons says it advised Dubai-based construction services provider RA International Group PLC on its successful initial public offering (IPO) and admission to London’s AIM Market. The company was admitted to AIM at the June with a market …
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(MENAFN – Khaleej Times) Facilities management company ServeU, a subsidiary of Union Properties, will launch its IPO in September and aims to double the number of its workforce to 10,000 in the next couple of years through organic and inorganic measures …
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Expo 2020, economic reforms, Abu Dhabi’s $13.6 billion stimulus, and ADNOC’s expansion could add about 1 percent to the UAE’s non-oil real GDP growth in 2019, according to new research. Bank of America Merrill Lynch said structural reforms support …
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“All the governance and strategies have been aligned to make sure that everything is in right place ahead of IPO which is planned for September this year and listing will be on the Dubai Financial Market. It is difficult to give the size of IPO or how much …
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The UAE Banks Federation (UBF) has stepped up its efforts to increase the level of financial awareness in the country by launching a financial literacy handbook for SMEs. Representing over 60 percent of the country’s GDP and employing 42 percent of its …
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DUBAI – The banking relations between the United Arab Emirates (UAE) and China will see more sustainable and growing synergy in future, a senior official of the Dubai International Financial Center (DIFC) told Xinhua in an interview on Thursday. Salmann …
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Dubai: A Sharjah court on Thursday reserved the judgement until … three cheques signed by Arif Naqvi totalling an amount of $300 million were presented to the Bank and subsequently dishonoured due to insufficient funds. These cheques stem from an …
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