Commenting on this transaction, Mr. Mohamed Khadiri, CEO of Bank of Sharjah said: “The successful closing of this financing underscores Bank of Sharjah’s unwavering commitment to support the strategic …
COP28 Presidency Announces US$4.5 Billion UAE Finance Initiative to Unlock Africa’s Clean Energy Potential
Africa50, which is an investment platform established by African governments and the Africa Development Bank (AfDB), has also joined the UAE finance initiative. Africa50 was founded to help solve the …
Western Officials Plan to Warn UAE Over Trade with Russia
A UAE official said the country “strictly abides by UN sanctions and has clear and robust processes in place to deal with sanctioned entities.” …
Emirates NBD takes stake in trade finance fintech Komgo
Dubai’s biggest lender Emirates NBD has made an equity investment in Geneva-headquartered trade finance and treasury network Komgo. The strategic equity investment was made by Emirates NBD’s …
UPDATE 4-Oman’s OQ Gas Networks plans Muscat’s biggest IPO in almost two decades
Immediately after the offering, OQ will continue to hold a minimum of 51%.OQGN will not receive any proceeds from the sale of the shares in the offering, according to the statement.The shares are …
Dubai’s DP World hires banks for debut green sukuk – document
An issuance of benchmark-sized green sukuk by DP World Crescent Limited might follow under its $5 billion Trust Certificate Issuance Programme …
4 Neobanks disrupting the FinTech landscape in the UAE
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 …
Oman’s OQ Gas Networks plans Muscat’s biggest IPO in almost two decades
Oman’s OQ Gas Networks (OQGN), the pipelines business of state oil giant OQ, said on Monday it plans to float up to 49% of its shares, in what is expected to be the biggest initial public offering in …
OQ Gas Networks is up for next IPO on Muscat Stock Exchange, plans listing in October
Owner of national gas transportation network, OQ will float up to 49% Dubai: Investors on the Muscat Stock Exchange will soon have a new IPO to focus on, with OQ Gas Networks planning to sell up to 49 …
Oman’s OQ Gas Networks plans to float up to 49% of its shares and list on MSX
DUBAI, Sept 4 (Reuters) – Oman’s OQ Gas Networks (OQGN), the pipelines business of state oil giant OQ, said on Monday it plans to float up to 49% of its shares and list on the Muscat bourse. The …
UAE millennials overspend, fail to save: Top 3 errors causing financial ruin
Millennials need to stop blaming the economy for their financial woes and start by breaking these 3 money habits …
Neyadi is the best example of our youth that drive the development in Arab world, says UAE Finance Minister
We congratulate the UAE, its leadership and its people on the success of this mission, through which we send a profound message to Arab youth that nothing is impossible for a generation that has the …
Mashreq NEO collaborates with Kotak Mahindra Bank
Dubai, UAE: Mashreq NEO announced its collaboration with Kotak Mahindra Bank (“KMBL”/” Kotak”) to enable seamless digital account opening for its Non-Resident Indian (NRI) customers in the UAE.
Dubai’s Alkhair Capital launches $100m fund for HealthTech investments
Alkhair Capital, an asset management and investment banking company, has launched a $100 million fund to invest in healthcare technology ventures as it looks to boost the portfolio of its investments.
UAE Corporate Tax: Self-employed professionals with over Dh1m annual turnover need not create a ‘company’
The cash basis accounting is typically used by individuals or micro-businesses that hold inventory. Late January, the UAE Ministry of Finance outlined the corporate tax obligations that single-person …
Inclusivity takes center stage at UAE’s COP28
The Embassy of the United Arab Emirates (UAE) in Seoul hosted an event to introduce the country’s initiatives and preparations for the 28th Conference of the Parties to the United Nations Framework …
UAE: Gold prices shine at the start of the week, rise half-a-dirham per gram
Gold prices rose in the UAE on Monday morning, climbing towards a one-month peak in early trade.