LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab …
( read original story …)
UAE’s Central Bank launches ‘M-Bills’ to replace certificates of deposit
Dubai: The Central Bank of the UAE has launched a new securities issuance programme – Monetary Bills – for licensed financial institutions and eligible investors. These securities will be …
( read original story …)
Banking, property shares drive UAE markets lower
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and …
( read original story …)
How the UAE’s new regulations tighten up regime for cryptoassets
The UAE Central Bank’s SVF Regulations released in early November repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). The new SVF …
( read original story …)
UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020
Meanwhile, World Bank data reveals that the SMEs represent about 90 per cent of businesses and more than 50 per cent of employment worldwide. In the UAE, the Federal Competitiveness and Statistics …
( read original story …)
SMEs in UAE receive more than AED 420 million trade credit support in first 11 months of 2020
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued AED420 million worth of trade credit support to small and medium enterprises (SMEs) from January to November 2020, …
( read original story …)
Etisalat Misr mulls stock market listing
Middle East technology & IT news portal including latest information technology news,Business technology & Tech news,Multimedia news,Product reviews & information,Software,Hardware,Computer tech & …
( read original story …)
UAE, Saudi Arabia tech investments on radar of US fund Capria
Seattle-based Capria Ventures says aiming to capitalise on the growth of ed-tech, agri-tech, digital health and fintech …
( read original story …)
Saudi Shares Boosted by OPEC+, Stocks Rally in Dubai: Inside EM
Saudi stocks rallied on Sunday, putting them on track to be the Middle East’s best performers in 2020, a day after the OPEC+ group pledged a more hands-on approach to the oil market. Equities in Dubai …
( read original story …)
London analysts say ‘it’s time to bank on Dubai’ again
Now is the time to bet on a rebound in Dubai’s tourism sector, say two top equity analysts out of London. Morgan Stanley and Nomura Holdings Inc concur that the festive season will provide the modern …
( read original story …)
UAE leads region in handling of Covid: Sheikh Mohammed
He tweeted: “According to a survey conducted by the Global Soft Power Index issued by Brand Finance from Britain that was done through a questionnaire sent out to 105 countries around the world… the …
( read original story …)
UAE tops Middle East in handling COVID-19 crisis
The UAE has topped the countries from the Middle East and is 14th in the world in handling the COVID-19 crisis efficiently, according to Global Soft Power Index issued by Brand Finance …
( read original story …)
How Gulf countries compare globally for Islamic finance
Bahrain, the UAE and Saudi Arabia all feature in top 5 of the annual Islamic Finance Development Indicator Bahrain, the UAE and Saudi Arabia have ranked in the world’s top five Islamic finance …
( read original story …)
UAE-based Indian billionaire BR Shetty’s company that owns UAE Exchange sold for $1
UAE-based Indian billionaire BR Shetty’s Finablr Plc is selling … Since then, agreements have been signed-in sectors ranging from banking to mobile phone services. Israel’s Finance Ministry sees …
( read original story …)
How Saudi Aramco IPO proved a game changer in a tumultuous year for oil
Saudi Aramco has got through the year in good shape, with the promises it made in the IPO intact, its share price riding high and with its long-term strategy still in place …
( read original story …)
UAE’s TruKKer gets $10mln funding from US-based Partners for Growth
The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer’s network …
( read original story …)
UAE’s largest bank opens ‘trade bridge’ with Indonesia office launch
… of its global network into Asia with the opening of a representative office in Jakarta First Abu Dhabi Bank (FAB), the largest lender in the UAE, has announced the expansion of its global network …
( read original story …)