The Financial Infrastructure Transformation Programme also includes a domestic card scheme, an instant payments platform, financial cloud and supervisory technology, the Central Bank said in a …
UAE Central Bank unveils sweeping initiatives to reform financial services sector
Image Credit: WAM The UAE Central Bank launched a new programme to accelerate digital transformation of the financial services sector, it said on Sunday. The Financial Infrastructure Transformation …
UAE Central Bank launches digital transformation programme
ABU DHABI – In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) …
Oman oil-drilling IPO draws Saudi wealth fund as anchor investor
Anchor investors will subscribe for 40% of the shares at the maximum price Dubai: Oman’s OQ SAOC plans to raise as … Abraj Energy will be Oman’s largest IPO since 2010, when telecom operator Nawras, …
Abu Dhabi Exports Office signs $121m in green finance deals with Angola
The Abu Dhabi Exports Office (Adex), the export-financing arm of the Abu Dhabi Fund for Development, has signed two green finance agreements with the government of Angola to support the country’s IT …
UAE: Tecom Group FY 2022 revenues up 12% to $544.5mln
The Group attributed the results due to strong demand for its commercial and industrial properties Tecom Group PJSC, the creator of specialised business districts and communities, on Friday announced …
UAE’s biggest bank says no takeover offer for global bank Standard Chartered
First Abu Dhabi Bank acknowledged recent press speculation and confirmed it is not evaluating a possible offer for the London-listed banking giant.
Dubai’s TECOM posts Q4 net profit of $24mln; misses estimate
Dubai business park operator TECOM Group, which raised $463 million in an IPO last year, reported a Q4 2022 net profit of 87 million dirhams ($24 million) on robust demand for its commercial and …
Dubai’s Tecom profits surge 28% amid strong economic expansion
Profit for the 12-month period to the end of December climbed to about Dh726million ($198 million) from a year earlier, Tecom said in a statement on Friday to the Dubai Financial Market, where its …
TECOM Group FY 2022 revenues up 12% to AED 2bln
Malek Al Malek, Chairman of TECOM Group, said: “Since our successful IPO in July 2022, TECOM Group continued to … surpassing expectations at the time of our listing, has benefitted from Dubai’s …
First Abu Dhabi Bank says not currently evaluating offer for Standard Chartered
First Abu Dhabi Bank (FAB), the United Arab Emirates’ biggest lender, said on Friday it was not currently evaluating an offer for Britain’s Standard Chartered. News of the potential offer first came …
Adnoc Natural Gas, LNG IPO Seen as ‘Highly Feasible’ Amid Broader Expansion Plans
Abu Dhabi National Oil Co. (Adnoc) is advancing plans to launch an initial public offering (IPO) that would combine the United Arab Emirates’ (UAE) …
Ajman Bank Net Profit Climbs 40% To Dh162.1 Million In 2022
The bank attributed the growth in annual profit to positive economic conditions in the UAE offering a favourable environment for businesses to thrive and grow. The Ajman-based lender reported total …
Dubai: Latest edition of New Age Finance & Accounting Summit to host leaders from region’s most influential companies
The Middle East finance industry is changing at a faster pace than ever before as it moves towards digital-first solutions. With the advent of 2023, the industry is all set to welcome the most dynamic …
2022 Financial Cards and Payments in the United Arab Emirates Market Report: Five-year Forecasts to Assess How the Market is Predicted to Develop
Dublin, Feb. 09, 2023 (GLOBE NEWSWIRE) — The “Financial Cards and Payments in the United Arab Emirates” report has been added to ResearchAndMarkets.com’s offering. The Financial Cards and Payments in …
Hong Kong and UAE to explore new collaboration opportunities
Hong Kong and the UAE have decided to explore new collaboration opportunities with a key focus on finance, technology and sustainability. A delegation of business leaders from the Hong Kong Special …
Multi-manager hedge funds offer big returns but at high cost
Multi-manager hedge funds charge expense fees about triple the size of traditional peers, a Barclays note to clients shows, in a sign of just how much of a price tag such funds can demand because of …