ABU DHABI – The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE, after the person carried out a function without …
( read original story …)
How Saudi Arabia, UAE are levelling the field for women in business, society
World Bank report highlights progress made in the Gulf region following reforms aimed at embracing women’s role in society …
( read original story …)
Saudi’s PIF makes billions on its investment in Lucid Motors
DUBAI: The Public Investment Fund, Saudi Arabia’s premier investing institution, has seen a multi-billion dollar increase in the value of its investment in Lucid Motors, the fast-growing Californian …
( read original story …)
UAE tops in the region, ranked 17th globally in Global Soft Power Index
The UAE has been ranked 17th in the world in the Soft Power Index and topped amongst 15 nations from the Middle East & North Africa (MENA) region, according to the Soft Power Index report …
( read original story …)
United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 – ResearchAndMarkets.com
The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, …
( read original story …)
UAE to Increase Investment in Israel’s Private Sector
UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Israeli counterpart, Gabi Ashkenazi, greet as they visit a …
( read original story …)
Nigeria to draw up supplementary budget for COVID-19 vaccines in March -finance minister
LAGOS- Nigeria plans to draw up a supplementary budget for COVID-19 vaccinations in March, the finance minister said on Thursday. Zainab Ahmed told reporters in the capital Abuja that the government …
( read original story …)
UAE Central Bank fines individual Dhs600,000 under anti-money laundering law
The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank.
( read original story …)
100% Foreign Ownership of Companies In UAE
Introduction A presidential decree was passed in the United Arab Emirates on November 23rd, 2020, under which some imperative changes were made in the federal law no. 2 of 2015, namely the companies …
( read original story …)
Turkish renewable energy producer Aydem applies for IPO
ISTANBUL- Aydem Yenilenebilir Enerji, one of Turkey’s largest renewable energy producers, said on Tuesday it applied to the country’s capital markets watchdog for an initial public offering (IPO), …
( read original story …)
How breaking ‘UAE norm’ earned Emirati entrepreneur start-up success
The Emirati had gone through what he described as the “UAE norm”, which was “to get a job, get promoted quickly and get to the top very quickly”. With a background in the financial sector, he would …
( read original story …)
Dubai Islamic Bank becomes the 10th bank to join the SBP’s Roshan Digital Account initiative
Dubai Islamic Bank – the World’s First Islamic bank – today joined the Roshan Digital Account (RDA) initiative of the State Bank of Pakistan (SBP) in a ceremony with Governor SBP, Dr. Reza Baqir, as …
( read original story …)
HKMA and BOT partner with PBoC and UAE’s Central Bank to develop an m-CBDC
The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand, have joined hands with UAE’s Central Bank (CBUAE) and the Digital Currency Institute of the People’s Bank of China (PBoC) in a FinTech …
( read original story …)
Dubai Islamic Bank donates AED1 million to Al Jalila Foundation to help patients in need
Donation supports Foundation’s A’awen programme, which provides assistance to patients in need of financial aid for medical care …
( read original story …)
Egypt’s Banque du Caire eyes slimmed-down IPO post-Covid
Banque du Caire was on the cusp of completing a $500 million listing in London and Cairo last year when Covid hit. Its chairman Tarek Fayed talks to Euromoney about investing in people and digital – …
( read original story …)
UAE-based Shuaa Capital boss ‘bullish’ on post-Brexit Britain
Jassim AlSeddiqi, group CEO of UAE-based Shuaa Capital, has revealed he is “bullish” about the investment opportunities in the United Kingdom and said that its contentious and protracted exit from the …
( read original story …)
UAE Central Banks latest
The total assets of the Central Bank of the UAE grew 6.6 per cent to hit AED470.5 billion ($128 billion) by the end of December, according to the latest official statistics. The significant growth was …
( read original story …)