Saudi Aramco IPO ‘most likely’ to happen in 2019

The Aramco IPO would be a once-in-a-generation event for financial markets ... 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 ...)

Dubai Bank raids Kenyan rivals for top management

Giant Gulf lender Dubai Islamic Bank’s local subsidiary, DIB Bank Kenya, has hired top executives from leading local rivals, taking its total staff count to 112 as it seeks to gain a toe-hold in the Kenyan market 13 months after its launch. The Dubai ... ( read original story ...)

Pakistan hires UAE banks to raise $200m loan

The government of Pakistan is raising a $200 million syndicated loan with three UAE banks, banking sources familiar with the matter said, as Islamabad clings to external funding to stave off the pressure of balance payments. The loan, with a one-year ... ( read original story ...)

UAE Central Bank gold reserves jump 6.6% in value

The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.72 billion during the first quarter of 2018, a growth of 6.6 per cent from Dh1.099b during the corresponding period 2017. Statistics issued by the bank showed that its reserves ... ( read original story ...)

Central Bank of UAE Publishes 2017 Financial Stability Report

The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy ... ( read original story ...)

UAE and Saudi avoid tax evasion under new agreement

The signing took place at the headquarters of the Saudi Ministry of Finance in Jeddah. The agreement reflects the UAE’s keenness to strengthen cooperation in tax-related matters and enhance economic relations with its neighbour. HE Obaid Humaid Al Tayer ... ( read original story ...)

Put your savings to work with offshore banking

With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE. Here are our ... ( read original story ...)

UAE Central Bank publishes 2017 financial stability report

The report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The report also includes assessment of key macro- financial and banking sector developments. ( read original story ...)

Kushner startup said to seek Saudi, UAE-backed Softbank funds

The United Arab Emirates has put at least $15 billion into the Vision ... But he hasn’t divested his Cadre stake, valued at $5 million to $25 million on his most recent financial disclosure form. People close to Cadre - whose founders include Jared ... ( read original story ...)