Dubai’s Marka appoints new CEO

Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 ... ( read original story ...)

Financial sustainability imperative to supporting Awqafs

Ultimately, financial sustainability is imperative for Awqafs ... Managing Awqaf sustainably In the UAE, a ‘General Waqf Authority’ for Islamic Affairs and Endowments, has been set up by government and regulators, to coordinate and streamline the ... ( read original story ...)

Packing and relocation: Keeping finance in check

but it also presents challenges that include several financial aspects. Forward planning is therefore essential to get the practicalities right. Here are some critical factors that expats relocating from the UAE should take into account before departing. ( read original story ...)

UAE Gains Edge In $165 Billion Caspian Oil & Gas Market

The United Arab Emirates has spearheaded the Gulf Cooperation Council ... State-owned oil and gas Kazmunaygas announced plans to list its initial public offering as soon as 2020 in a bid to privatize nationalizes companies to boost GDP growth. ( read original story ...)

Dubai fintechs invited to play in regulated innovation sandbox

The Dubai Financial Services Authority (DFSA) is inviting financial technology (fintech) firms to apply for an Innovation Testing License (ITL) that will allow qualifying companies to develop and test concepts for between six to 12 months in a restricted ... ( read original story ...)

Dubai bank Emirates NBD launches e-commerce platform

Dubai bank Emirates NBD is seeking to capitalise on the growing e-commerce market in the UAE with the launch of its own online marketplace. The SkyShopper platform will enable the bank’s credit and debit card customers to pay for items including flights ... ( read original story ...)

April loan growth moderates as GREs turn net depositors

Dubai: The UAE’s banking sector loans growth moderated in April after two months of accelerated growth, according to the latest numbers from the Central Bank of UAE. Gross loans fell by a limited 0.1 per cent in April compared to March. On a yearly basis ... ( read original story ...)