Abu Dhabi Islamic Bank (ADIB), a leading financial institution, announced today that it has become an official member of UAE Trade Connect (UTC). As part of the membership agreement, this partnership …
( read original story …)
Is Dubai kissing goodbye to banking?
And where previous cuts have seen junior bankers shown the door, the recent round has included directors and, in Nomura’s case, the head of its investment banking operations in Dubai. The recent …
( read original story …)
Digital first bank, Emirates NBD marks presence at world’s largest tech show, GITEX Global 2022
Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Turkey) region has announced its presence at GITEX Global (GITEX), the …
( read original story …)
Retail investor capital presents AED 367bln growth opportunity for sustainable investing in the UAE
Retail investors could be the key to unlocking finance for Environmental, Social and Governance (ESG) priorities if barriers are addressed …
( read original story …)
Dubai records over $436mln in realty transactions on Wedensday
DUBAI: Dubai real estate market recorded 401 sales transactions worth AED 1.4 billion, in addition to 91 mortgage deals of AED 156.13 million, and 19 gift deals amounting to AED49.85 million on …
( read original story …)
UAE: 4 instances when Indian nationals can get a visa on arrival
Citizens of Gulf countries don’t need a visa to enter the UAE, while over 70 nationalities can get a visa on arrival in the …
( read original story …)
Dubai homes built on cryptos a legal trap
With the Reserve Bank of India (RBI) imposing a shadow ban on cryptos and the finance ministry almost taxing the asset to death, many high net-worth individuals (HNI) investors have moved their …
( read original story …)
Saudi Arabia’s PIF expected to raise $2.5-2.75 bln with debut bonds
REUTERS/Ahmed Yosri/File Photo DUBAI, Oct 5 (Reuters … Middle East Most Gulf markets in red ahead of OPEC+ meet, article with image 1:49 PM UTC Markets Hedge funds suffer $32 bln of outflows in Q2 …
( read original story …)
Ajman Bank Signs Agreement with VaultsPay to Implement Innovative Payment Solutions
Ajman Bank has signed a partnership agreement with VaultsPay, a UAE Fintech Company to build and implement a highly innovative payments value proposition for businesses and individuals in the UAE.
( read original story …)
Thai inflation rate slows in September, central bank seen hiking further
People wearing face masks shop for street food in Chinatown amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, January 6, 2021. REUTERS/Athit Perawongmetha …
( read original story …)
Burjeel raises over $300 million in oversubscribed IPO, driven by ‘strong demand’
The IPO saw a strong demand from investors in the UAE, and the company sold over 550.7 million shares at a share price of AED2 Burjeel raises over $300 million in oversubscribed IPO, driven by ‘strong …
( read original story …)
UAE participates in 117th meeting of GCC Financial and Economic Cooperation Committee
Mohamed Bin Hadi Al Hussaini, Minister of State for Financial Affairs, yesterday headed the UAE delegation participating in the 117th meeting of the GCC Financial and Economic Cooperation Committee, …
( read original story …)
Ajman Bank signs agreement with VaultsPay
Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are glad to collaborate with VaultsPay as part of our ongoing commitment to strengthen the payments infrastructure with the most …
( read original story …)
UAE: ADIB Amwali sees rapid growth in the first year of its operation
When Amwali was first introduced in August 2021, it was intended to empower youth to develop financial management skills early in life. Over the past year, ADIB witnessed that youth are inclined …
( read original story …)
UAE: Is it profitable to buy physical gold or put my money in gold-tracked investments?
Apart from buying physical gold, investors have options like gold bond, ETF or mutual fund Gold investment is … Image Credit: Shutterstock Dubai: Gold investment is a traditional form of …
( read original story …)
Hospital operator Burjeel sets IPO price at low end, to raise $300 mln
Abu Dhabi-based hospital operator Burjeel Holdings said on Wednesday it expected gross proceeds of about 1.1 billion dirhams ($299.51 million) from its initial public offering, after it set the share …
( read original story …)
Burjeel IPO: UAE healthcare provider raises $300m from oversubscribed offering
Victor Besa / The National A medic at Burjeel Hospital in central Abu Dhabi holds a dose of a vaccine developed by Chinese drug maker Sinopharm. Victor Besa / The National . Ab …
( read original story …)