The Games of the Future 2025 will align seamlessly with the UAE’s broader goals of becoming a leader in the global digital economy …
UAE: Rakbank Makes First Cross-Border Payment Using Mbridge
( MENAFN – Khaleej Times) The National bank of Ras Al Khaimah (RAKBank) becomes one of the first banks in the UAE to successfully execute an international remittance using China’s digital Yuan (eCNY) …
Commercial Bank of Dubai announces leadership transition in treasury, asset management and global markets
Mark Zanelli joined CBD in July 2017 and has been instrumental in steering the bank’s treasury and investment functions through a period of significant growth and transformation …
Contact opens its first branch in Dubai and launches “Contact Credit” as part of its regional and international expansion
Contact Financial Holding, Egypt’s leading non-banking financial services provider, has taken a significant step toward international expansion by opening its first branch in Dubai and establishing …
UAE emerges as key player in global development, strengthens role in China’s Belt and Road Initiative
The United Arab Emirates has emerged as a key player in regional and global development driven by its visionary leadership strategic location and f …
RAKBANK marks milestone with its first Central Bank Digital Currency transfer via mBridge
RAKBANK has become one of the first banks in the UAE to execute a cross-border Central Bank Digital Currency (CBDC) payment using mBridge …
Oman state-run oil firm OQ will make initial public offering and potentially seek billions
An Omani state-run oil and gas company announced Monday it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward …
JPMorgan Sets Up Dubai Private Banking Team Amid Rich People Inflow
As a large number of wealthy individuals are moving to the Gulf, JPMorgan JPM sets up a private banking team in Dubai, the Gulf’s financial hub, to provide wealth management services. The news was …
DIFC pioneers new initiatives to support influx of wealth and asset management firms
The DIFC Funds Centre is the latest strategic initiative designed to develop the wealth and asset management sector, with other recent action plans including partnerships with the Alternative …
Nasdaq Dubai welcomes $400mln Green Bond from Bank of China
Notably, the Floating Rate Notes have been issued as Green Bonds, wherein the issuer intends to use the net proceeds to finance or refinance eligible green projects …
Oman state-run oil firm will make initial public offering, potentially seek billions
An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the …
Nasdaq Dubai welcomes $400 million Green Bond from Bank of China
Nasdaq Dubai on Monday welcomed US$400 million Green Bonds by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks.
Nasdaq Dubai welcomes $400 million Green Bond from Bank of China
Nasdaq Dubai on Monday welcomed US$400 million Green Bonds by the Bank of China (Dubai Branch), one of China’s four biggest state-owned commercial banks.
UAE’s GDP grew estimated 3.4% in Q1- state news agency
The United Arab Emirates’ economy grew 3.4% in the first quarter of 2024 compared with the same period the previous year, according to preliminary government estimates reported by the state news …
Dubai real estate: Binghatti unveils 770-unit luxury residential project in Al Jaddaf
Dubai-based property developer Binghatti has unveiled its latest project, Binghatti Ghost, in Al Jaddaf. The development marks the company’s return to the area after a two-year absence, driven by …
Network International partners with ruya Bank to revolutionise Islamic banking with digital payment technology
UAE: Network International (Network), a leading enabler of digital commerce in the Middle East and Africa, has announced a strategic partnership with ruya, the UAE’s digital-first Islamic community …
Tolins Tyres IPO opens today: Should you apply for the issue?
The IPO’s valuation appears reasonable … Tolins benefits from better margins through strategic rubber stockpiling and tax efficiencies via its UAE subsidiary, said Canara Bank Securities. “Apollo …