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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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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 …
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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.
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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.
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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 …
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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 …
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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.
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Dubai Road-Toll Operator to Seek About $1 Billion in IPO
Dubai is seeking to raise about $1 billion by selling shares in the city’s road-toll collection system as soon as next month, people familiar with the matter said.
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UAE’s public spending totalled Dhs87.4 billion in first quarter
The UAE’s public spending in the first quarter of 2022 totalled Dhs87.4 billion, an increase of 19.6 per cent and equivalent to Dhs14.34 billion, compared to Dhs73.7 billion …
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Convicted US lawyer Asim Ghafoor laundered $4.9 million 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 the …
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World Bank announces additional $4.5 billion in Ukraine aid
Ping Dubai Creek Summer Open at Dubai Creek Golf and Yacht Club Washington: The World Bank on Monday announced it was mobilizing another $4.5 billion in financial support for war-torn Ukraine. The …
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Convicted US lawyer Asim Ghafoor transferred $4.9 million 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 …)