Bank failed to act on warnings about a local firm which was helping Tehran to evade sanctions, leaked files show …
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DP World, Bank Leumi to Explore Israel Logistics Investments
DP World and Bank Leumi signed an accord to explore potential opportunities in the logistics sector as the United Arab Emirates and Israel normalize relations.
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Saudi Arabian supermarket operator BinDawood may price IPO at top of range
Saudi Arabian supermarket operator BinDawood Holding may price its initial public offering (IPO) at the top of its range after a bookrunner note said investors bidding below 96 Saudi riyal ($25.60) …
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S&P Global Ratings to discuss Islamic finance sector outlook
We would like to offer our sincere thanks to DIFC, DIEDC, and GIES for their partnership and support, but most importantly for leading the advancement of the Islamic finance industry here in the UAE. …
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Digital economy in UAE eyes fast lane
MBRIF – a Dh2 billion initiative set up to support innovators – now has 43 members, of which 39 are in its Accelerator programme and four in its …
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FinCEN Files: UAE central bank failed to prevent sanctions evasion
Among the FinCEN files is an SAR that shows the New York branch of UK-based Standard Chartered Bank contacted the Central Bank of the UAE in 2012 after noticing hundreds of suspic …
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Chemcon Speciality Chemicals IPO opens tomorrow: Key things to know
The IPO of Chemcon Speciality Chemicals opens on Monday and the manufacturer of speciality chemicals has fixed the p The issue closes on September 23. Ahead of its IPO, Chemcon Speciality Chemicals …
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IPO frenzy nets billions for venture capital backers
Venture firms netted handsome returns on paper for their early investments New York: Billions of dollars could be on the way to Sand Hill Road this week, home base for Silicon Valley’s venture …
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UAE construction sector set to contract in 2020 as coronavirus bites
The UAE’s construction industry is forecast to contract by nearly 2 percent this year due to the impact of the global coronavirus pandemic, it was announced on Tuesday. International construction …
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UAE’s Ministry of Finance Partners with Local Banks to Offer Digital and Contactless Payments for Settling Government Service Fees
UAE’s Ministry of Finance partners with local banks to offer digital and contactless payments for settling government service fees.
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UAE minister says ‘the whole region’ benefits from his country’s deal with Israel
The Middle East will benefit from the normalization of ties between Israel and the United Arab Emirates, said Abdulla bin Touq, the UAE minister of economy.
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UAE Ministry of Finance launches third generation e-Dirham system
MoF indicated that all customers can now pay government services fees using the new e-Dirham system. The new phase of the system included the Ministry of Economy (MoE), the Ministry of Finance (MoF), …
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Ajman Pay becomes UAE’s first local payment gateway to link with e-Dirham’s G3 cards
AJMAN – Ajman’s Department of Finance has announced that it will add e-Dirham’s third generation cards (G3) to Ajman Pay’s payment options, making it the UAE’s first smart government payment portal to …
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UAE Signals It’ll Atone For Pumping Too Much Oil in July, August
The United Arab Emirates sent a fresh signal it will make up for pumping too much oil in the past two months, as crude prices come under renewed pressure from sagging energy demand and rising …
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UAE-based Farnek wins 3-year contract from Dubai Developments
Dubai Developments is a privately held development company established by His Highness Shaikh Hamdan Bin Rashid Al Maktoum, the UAE minister of finance and deputy ruler of Dubai.
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Analysis: UAE and Saudi FX Traders Investing the Most
Where are FX Traders Investing the most? The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation The first thing that catches the eye is the closest proximity in a year of all …
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Bahrain, UAE deals urge resolving Palestinian issue, but don’t specify 2 states
White House finally releases texts of treaties Israel signed with Abu Dhabi and Manama, and trilateral Abraham Accords; no mention made of Israeli sovereignty at Temple Mount …
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