The bank is pausing publication of its flagship report on business competitiveness after data related to China, Azerbaijan, the United Arab Emirates and Saudi Arabia appeared to be inappropriately …
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World Bank Delays Report on National Competitiveness Rankings Amid Concerns of Data Manipulation
The bank is pausing publication of its flagship report on business competitiveness after data related to China, Azerbaijan, the United Arab Emirates and Saudi Arabia appeared to have been …
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Your Complete Guide to Open an Islamic Bank Account in UAE
The bank account is probably one of the universal signs of adulthood. In the modern age, it’s impossible to do your job, get paid, and manage your finan …
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Top Dubai, Israeli Banks in Cooperation Talks After Peace Deal
The biggest banks in Dubai and Israel are in talks to cooperate following this month’s landmark peace agreement between the Jewish state and the United Arab Emirates.
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Middle East Crude-Benchmarks mixed; Malaysian, Vietnamese grades fall
Middle East crude benchmarks Oman and Dubai were mixed on Thursday as the front-month October trading cycle approached its end. Differentials for October-loading crude from Malaysia and Vietnam …
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Brazil hospital chain Rede D’Or seeks $18bln valuation in IPO -source
Brazilian hospital group Rede D’Or has hired banks for a proposed initial public offering, seeking a valuation of at least 100 billion reais ($18 billion), a source familiar with the matter said. The …
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UAE bank profits signal slow recovery for Q3: A&M
While the top UAE banks reported a peripheral increase in profitability, the outlook for the domestic banking sector still remains subdued as a result of the weakened after-effects of Covid-19, in …
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Barbeque Nation Hospitality gets Sebi’s go ahead to float IPO
Proceeds of the issue will be utilized to repay an outstanding borrowing of ₹205 crore in part or full and for general corporate purposes.According to market sources, the IPO size will approximately …
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Uber’s Legal Team Comes Out Ahead Despite Unprecedented Challenges
Tony West, Uber chief legal officer. The ride-hailing industry giant Uber Technologies Inc. experienced a noteworthy 2019. Not only did the San Francisco-based company file its initial public offering …
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UAE firms told not to obtain short-term financing for long-term projects
Companies are tempted to obtain short-term financing but they should not fund long-term projects with short-term financing, according to a senior industry executive from the hospitality industry.
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CFOs bringing greater value to UAE companies
Chief financial officers (CFOs) across the UAE and the GCC region can bring more value to their organisations when they are part of a cultural and digital transformation that will help them overcome …
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Back to school: Book bank for needy students launched at Pakistan Consulate General in Dubai
A book bank has been set up at the Pakistan Consulate General in Dubai to help students who cannot afford to buy expensive schoolbooks. “The initiative has been launched in collaboration with some …
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MIDEAST STOCKS-Saudi gains on banking strength; UAE bourses slip as financials weigh
Saudi Arabian shares rose in early trade on Tuesday, led by gains in banking stocks, while losses in financials weighed on Dubai and Abu Dhabi equity markets. The Saudi Arabian benchmark index .TASI …
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COVID-19: Relief, rehabilitation sought for Indians returning home from the UAE
Dubai: Non-resident Indians (NRIs) living in the UAE have submitted a proposal to the Ministry of Finance, Government of India (GoI), seeking compensation and a rehabilitation scheme for returning …
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Amlak Finance sells 1.13mln shares
Dubai – Mubasher: Amlak Finance has sold 1.127 million of its shares at a price of AED 0.3355 per share. The sale process was executed through ENBD Securities, according to the company’s disclosure to …
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ENBD REIT secures a hedge on outstanding debt through Dh400m facility
With cost of financing the REIT’s single largest expense, amounting to 47 per cent of total expenses as at March 31, by fixing EIBOR at these lower rates, ENBD REIT intends t …
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ENBD REIT hedges AED 400m facility with Mashreq Bank
Shari’a-compliant profit rate swap with Mashreq Bank will hedge 56% of ENBD REIT’s total outstanding debt …
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