Dubai tycoon Al Habtoor bullish over UAE prospects in 2018

Dubai billionaire Khalaf Ahmad Al Habtoor believes 2018 will be a much better year for businesses in the UAE after a tough year in the previous 12 months. The founding chairman of the Al Habtoor Group acknowledged a challenging 2017 when the business ... ( read original story ...)

UAE bank guarantees reach $106bn in February

Guarantees provided by the UAE-based banks in February increased to Dh389.4 billion ($106 billion) from Dh388.98 billion in January, with industry reports expecting a further increase in the value of this facility in line with the current mobility recorded ... ( read original story ...)

Sharjah Islamic Bank launches $500m sukuk

Dubai: United Arab Emirates’ Sharjah Islamic Bank has launched $500 million (Dh1.8 billion) sukuk with a spread set at 150 basis points over mid-swaps, a document from one of the banks leading the deal showed. Initial price guidance for the deal was in ... ( read original story ...)

Kiwi to head digital strategy at Emirates Bank in Dubai

Leigh Flounders, NZTech board member is appointed head of digital strategy of Dubai bank Emirates NBD. “My move to Dubai, leading digital strategy within the financial services industry provides opportunities for New Zealand technology businesses to ... ( read original story ...)

$1.14bn in non-resident deposits in UAE Islamic banks in 2018

according to UAE Central Bank figures. According to the Central Bank statistics, at the end of December 2017 the total amounted to AED 12.81 billion ($3.49 billion). The amount of deposits in January and February is a two-year high, which official say is a ... ( read original story ...)

New York Townhouse Now On Sale For $45 Mln In Cryptocurrency

Zannet founded hedge fund Zanett Asset Management in 1992 and in 2015 founded ... cities where you could use crypto to buy real estate last fall, including Miami, Dubai, New York, Lake Tahoe, and Bali. Bitcoin-only property deals have also come up ... ( read original story ...)

Saudi Aramco IPO in 2018 or 2019, says minister

referring to the planned initial public offering (IPO) of Aramco, tipped to be the world's biggest. Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. ( read original story ...)

ADNOC Distribution to open three stations in Dubai this year

“We don’t have a presence in Dubai, therefore if you are an ADNOC customer ... s successful listing on the Abu Dhabi Securities Exchange (ADX) in December. “The IPO and recently announced fourth quarter and 2017 full year results illustrate that ... ( read original story ...)