Tecom Group plummeted as much as 17% in its first day of trading in Dubai on Tuesday.
Shares of the real estate firm, whose tenants incl …
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Meeting discusses ways to boost UAE financial and banking sector
The CEOs Consultative Council of UAE Banks Federation (UBF), the umbrella body representing banks operating in the UAE and the unified voice for the UAE banking sector, …
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Chinese bank lists $2.8bn of bonds in Dubai
The Industrial & Commercial Bank of China Limited (ICBC) has a total of $4.375bn of bonds listed on the Nasdaq Dubai …
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UAE announces measures to attract ‘digital companies’
The Emirates wants to attract more high-tech companies, especially those working on artificial intelligence. Some cryptocurrency firms are moving to the Gulf state.
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UAE: Help! Bank charges Dh3,090 for non-activated credit card
I was approached by a representative of Dubai First bank (owned by First Abu Dhabi Bank, FAB) offering me a credit card that was supposed to be free for life. I applied for it, but shortly after, even …
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Tecom initiates trading on DFM after raising Dhs1.7 billion through IPO
Tecom Group, a manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to the rapid growth …
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UAE imposes $11m in fines for anti-money laundering offences in the first half of 2022
The UAE’s anti-money laundering task force imposed fines of more than Dh41 million ($11m) in the first six months of 2022, as it continues to rein in illicit financial activity. The Emirates’ higher …
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UAE: 20 friends share $1 million Dubai Duty Free draw after trying their luck for one year
Rabeesh Rajendran, a 43 year old Indian national based in Dubai became the latest $1 million winner in the Millennium Millionaire Series 393 with ticket number 4369, which he purchased along with his …
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UAE offers incentives to attract digital companies under new FDI programme
The UAE is offering incentives to attract hundreds of digital companies to set up in the country as part of a programme to draw more foreign direct investment and position itself as a global tech …
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AB In Focus: Collaboration is crucial to the future of finance
Mashreq Head of Retail Banking, Fernando Morillo, and NymCard CEO and Founder, Omar Onsi, explain how collaboration between fintechs and banks is the key to success AB In Focus: Collaboration is …
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UAE Cloud Storage Market 2022-2027: Featuring Key Players Dell, Dropbox, Microsoft, Google, Oracle & Others
Dublin, June 30, 2022 (GLOBE NEWSWIRE) — The “UAE Cloud Storage Market, By Type (Solution and Services), By Deployment Model (Public, Private and Hybrid Cloud), By Organization Size (Small & …
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Tecom Group begins trading on DFM; raises Dhs1.7b through IPO
Tecom Group, a manager and operator of 10 strategic, sector-focused business districts across Dubai and a major contributor to the rapid growth …
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BNY Mellon and Emirates NBD sign deal to broaden foreign investors’ access to UAE markets
The alliance will also provide Emirates NBD customers access to BNY Mellon’s global custody, asset servicing, data and technology capabilities, as it contributes it local market expertise to the deal, …
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Dubai’s latest IPO – Tecom Group – hits DFM in full tilt on debut
Back-to-back listings of DEWA and Tecom is pumping liquidity onto DFM Dubai: Tecom Group’s share price gained 1 per cent in the first couple of minutes of making its debut on Dubai Financial Market.
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Tecom’s 8% Drop in Dubai Signals Slowing Demand for Gulf IPOs
Sign up for our Middle East newsletter and follow us @middleeast for news on the region.Most Read from BloombergPerson of Interest in July 4 Parade Shooting That Killed Six in Police CustodyBezos Slam …
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Digital bank Zand receives UAE banking licence
Emirati digital banking start-up Zand, which provides retail and corporate services, said on Tuesday it had been granted a banking licence from the Central Bank of the United Arab Emirates. DUBAI, …
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Digital bank Zand and gets UAE regulatory greenlight
Pegged as the UAE’s first fully digital bank, Zand will offer both retail and commercial products and services Digital bank Zand and gets UAE regulatory greenlight banking experience, banking services …
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