Launched in August 2020, the company is starting with a web and app-based licensed mortgage platform offering home financing products with no paperwork involved …
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Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO – statement
Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
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UPDATE 1-Saudi Tadawul Group hires JP Morgan, Citi, NCB Capital for IPO -statement
Saudi Tadawul Group, the owner and operator of the country’s stock market, said on Wednesday it appointed JP Morgan, Citigroup and the securities arm of Saudi National Bank for its initial public …
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Aafaq Islamic Finance Publishes The Specialized Quarterly “Aafaq” Magazine
Aafaq Islamic Finance, the leading institution in the financial sector that provides financial products and services in compliance with the provisions o …
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Watch: Indian expat family Bhatias makes history, completes 100 years in Dubai
But away from the spotlight, one Dubai-based Indian family is silently marking a milestone on completing a momentous 100 years in the UAE. As family members of Uttamchand Tulsidas Bhatia, deemed the …
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History of banking in the UAE
For anyone considering banking in the UAE, here’s all you need to know about them. Here you can find out how the industry came into existence decades earlier and it has been constantly evolving to …
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Dubai Islamic Bank 1st Quarter 2021 Group Financial Results
Dubai Islamic Bank (DFM: DIB), the largest Islamic bank in the UAE and the second largest Islamic bank in the world, today announced its results for the …
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At Dh853m for Q1-2021, Dubai Islamic Bank’s net profit is definitely in recovery mode
Dubai: Dubai Islamic Bank will take a lot of strength from its first quarter 2021 numbers, with net profit up a whopping 2,337 per cent compared to what it was in the final three months of 2020.
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Dubai’s Gulf Navigation refinances its biggest loan, eyes Dh4m in savings
Dubai: In what could be a significant boost to its cashflow position, Gulf Navigation Holding has restructured its biggest loan exposure of Dh200 million. As per the new terms, the cost of paying off …
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Crown Prince: Saudi Arabia in Talks to Sell 1% of Aramco to Foreign Investor
Saudi Arabia’s crown prince said in televised remarks on Tuesday that the kingdom was in discussions to sell 1% of state oil firm Saudi Aramco to a leading global energy company. Crown Prince Mohammed …
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Hedge-Fund Trader Wins Dismissal of $2 Billion Cum-Ex Case
Hedge Fund trader Sanjay Shah won a U.K. court ruling throwing out a 1.5 billion-pound ($2 billion) lawsuit filed by Danish tax officials over Cum-Ex trades.
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UAE: More residents opting for personal loans; here’s why
Demand and appetite for both personal and business loans witnessed remarkable recovery in the first quarter of 2021, according to the UAE Central Bank’s Q1 2021 Credit Sentiment Survey. In terms of …
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Dubai-based COFE completes $10m funding round, with potential IPO brewing
Latest financing was provided by Al Imtiaz Investment Group, a leading Kuwaiti investment house listed on the Boursa Kuwait …
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Covid-19 in UAE: World can end pandemic but only if nations work together, say experts
There still needs to be a ‘back-up plan’ because the world might not have enough vaccine to reach herd immunity anytime soon.
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ADNOC, Dutch-listed OCI set to pick Citi, FAB, HSBC for JV IPO – sources
Abu Dhabi National Oil Company (ADNOC) and chemical producer OCI N.V. (OCI) are likely to pick First Abu Dhabi Bank, HSBC and Citigroup to work on the public-share sale of their fertiliser joint …
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XTB Aims to Start UAE Operation by the First Half of 2021
XTB is gearing up to expand its international operations and is aiming to enter the United Arab Emirates as soon as the first half of this year.
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Global Leaders in Investment Management Attend Hedge Fund Summit in DIFC
Sohail Jaffer, Deputy CEO of FWU Dubai Services and Middle East regional representative of AIMA, said, “Increased interest in hedge funds and alternatives comes at a time when institutional investors …
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