IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …
( read original story …)
Emirates Islamic wins global awards for ‘Best Islamic Bank in UAE’
Emirates Islamic was named ‘Best Islamic Bank in UAE’ for the bank’s stellar performance across banking segments and for driving growth in the uptake of Islamic banking solutions across the UAE. The …
( read original story …)
Dubai’s biggest bank gives pay raises to cushion inflation
The trajectory of price increases represents a significant turnaround from deflation throughout 2019 and 2020 – Click the link for more details.
( read original story …)
Dubai records over $653mln in real estate transactions on Tuesday
The sales included 360 villas and apartments worth $201.32mln and 76 land plots worth $63.35mln DUBAI – Dubai real estate market recorded 436 sales transactions worth AED971.4 million, in addition to …
( read original story …)
Can Middle East money lure expats and wealthy emigrants from China? Saudi Arabia, Dubai splash on mega projects to diversify, attract talent and investors
The Line and The Ava are two new projects to extend the pipeline of shiny mega developments in the Gulf states Oil-dependent GCC states have experienced fluctuating fortunes tied to global energy …
( read original story …)
First tranche of $1,000,000 Paid to United Arab Emirates Headquartered Company for Acquisition
Quality Industrial Corp. (OTCQB:QIND), today announced that on August 3, 2022, they issued a two-year convertible promissory note in the principal amount of $1,100,000 to RB Capital Partners Inc. The …
( read original story …)
UAE: More residents opening digital bank account, says report
Neobanking adoption is set to grow in the UAE with more than one-third of residents having a digital bank account in 2023, says a new study. The number of adults in the UAE with a neobank account grew …
( read original story …)
Alain Finance collaborates with Network International for its credit card offerings in the UAE
Network’s established payment infrastructure and value-added revenue-generating and risk management services will help Alain Finance to focus on differentiating itself as a leading digital player in …
( read original story …)
How Middlesex University Dubai’s Accounting and Finance programme gets you closer to ACCA accreditation
Many degree programmes integrate industry qualifications into their curriculum, including Middlesex University Dubai, a 5-star KHDA-accredited British higher education institution in the UAE and Dubai …
( read original story …)
Dubai plans to raise $1bln in Salik IPO – report
The Dubai government is planning to raise $1 billion selling shares in road toll company Salik, with the initial public offering (IPO) taking place as soon as next month, according to a Bloomberg …
( read original story …)
UAE ministry issues resolution on bank guarantees, employees’ protection insurance scheme
A new resolution on bank guarantees and employees’ protection insurance scheme for the private sector was announced on Tuesday. Under the new resolution, establishments may provide a bank guarantee, …
( read original story …)
Salik next in Dubai IPO craze, seeks to raise up to $1 billion
Salik is said to have taken out a $1.1 billion loan from Emirates NBD to pay a special dividend to the government, unnamed sources told Bloomberg Salik next in Dubai IPO craze, seeks to raise up to $1 …
( read original story …)
Everybody in the UAE is talking about this free course to learn how to invest in the stock market
Leadcapital Corp Ltd offers a free online course on investing, entertainment, and learning if you are interested in learning to invest in the stock market.
( read original story …)
UAE commences reporting essentials to counter crypto real estate money laundering
The UAE government is now working to make sure that digital assets are covered by the region’s anti-money laundering and anti-terrorism funding rules.
( read original story …)
UAE expats, get ready to remit: Indian Rupee to weaken further, Philippine Peso and Pakistani Rupee to get stronger
In the policy statement, RBI Governor Shaktikanta Das said that the Indian rupee has moved in a relatively orderly fashion depreciating by 4.7 per cent against the US dollar durin …
( read original story …)
Convicted US lawyer Asim Ghafoor transferred $4.9mln through UAE banks, says embassy
US citizen Asim Ghafoor, who was convicted by a UAE court over tax evasion and money laundering, transferred at least $4.9 million through the UAE banking system. In a statement, the UAE Embassy to …
( read original story …)
UAE’s public spending in Q1 2022 amounts to Dhs87.4bn
The UAE’s public spending included Dhs28.7bn for employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021.
( read original story …)