Some UAE banks temporarily cut loan interest rates

One bank announced last week its “personal finance sale,” offering UAE residents a chance to borrow money at less than 3 per cent annual interest. The attractive rates, however, are being offered at a very limited period and soon, borrowers may find it ... ( read original story ...)

UAE- Can we expect more GCC IPOs soon?

For example, the #UAE circulated new draft IPO regulations for feedback from stakeholders, setting requirements increasingly in line with international exchanges. Changes for the better Saudi Arabia's Capital Market Authority (CMA) announced a number of ... ( read original story ...)

UAE metal shines in tough business climate

With the UAE’s steel industry poised for further growth in 2017 ... launched its operations in Abu Dhabi in the midst of the financial crash. Despite the lack of demand and a significant drop in prices in the sector, the firm set out to supply the ... ( read original story ...)

UAE cashes in on digital finance

A spurt in digital finance in the UAE is inevitable as the country embraces the global trend of smart payment solutions. Digital finance - financial services delivered via mobile phones, the internet or cards linked to a digital payment system - could be a ... ( read original story ...)

UAE’s first food bank launches in Dubai

DUBAI // Low-income families and labourers will be able to get food donated by hotels and supermarkets after the country’s first food bank was launched in the city on Wednesday. Stocked with boxes of food as part of the Year of Giving, the food bank aims ... ( read original story ...)

China gathers state-led consortium for Aramco IPO

Hong Kong/Riyadh/Dubai: China is creating a consortium ... Saudi officials have said Chinese companies were interested in investing in the Aramco IPO as the country — the second biggest consumer of oil globally — seeks to secure crude supplies ... ( read original story ...)