Shari’a-compliant profit rate swap with Mashreq Bank will hedge 56% of ENBD REIT’s total outstanding debt …
( read original story …)
ENBD REIT Hedges Dh400 Million Facility With Mashreq Bank
We have taken that opportunity by agreeing a profit rate swap with Mashreq Bank, which will hedge more … is based in the Dubai International Financial Centre (DIFC) and regulated by the Dubai …
( read original story …)
Tratok, the Travel and Tourism Blockchain Disruptor, Goes Mainstream, Offering Users the Chance to Win a Holiday per Year for Life
Tratok’s users have always claimed that the UAE based disruptor holds a significant edge over its counterparts …
( read original story …)
Saudi exchange Tadawul weighs next steps in global and regional plans
Development and expansion of Tadawul is one of the key pillars of the Vision 2030 plans to grow the financial sector of the economy …
( read original story …)
Goldman plans to raise about $2b for a new venture fund
Goldman Sachs Group Inc. is considering raising a venture and growth fund of around $2 billion, a move that would make it a bigger player in the competitive world of technology investing, according to …
( read original story …)
UAE finance firms’ Q2 profits soar to $240mln
UAE – The investment and finance firms listed on local capital markets in the UAE saw their profits jump to around AED885 million ($240.93 million) during Q2-2020 from as little as AED13 million only …
( read original story …)
Israeli, UAE law firms to collaborate on framework for business ties
BSA is a leading law firm in Dubai, UAE, and provides clients operating in the country … (including the use of Emeritus airlines for flights to East Asia), banking, finance and more. There is a lot …
( read original story …)
Despite the UAE-Israel deal, this son and daughter of Abraham still can’t live together in the West Bank
While some analysts will say that Israel and the UAE’s plan to normalize ties is a step toward regional peace, this American-Israeli writer married to a Palestinian says it may make it more difficult …
( read original story …)
Banks Cut Exposure to Dubai’s MENA Energy as Virus Hits Trade
Several banks are reducing their exposure to Dubai-based oil trader MENA Energy DMCC, as the coronavirus hits commodity businesses and global lenders cut funding. BNP Paribas SA, Natixis SA and Middle …
( read original story …)
Dubai law to regulate family businesses
The Law No (9) of 2020 Dubai, which defines the terms of the family ownership … Analysts hailed the move as a key step to giving a fillip to the IPO market and bring in more transparency and …
( read original story …)
UAE could get F-35 jets in side agreement to Israel peace deal – source
The United States is eyeing the sale of stealthy F-35 fighter jets to the United Arab Emirates in a side agreement to the UAE’s overtures to Israel, an industry insider who was part of the dialogue …
( read original story …)
U.S. imposes Iran-related sanctions on UAE-based companies, individual
The United States on Wednesday imposed sanctions on two UAE-based companies, accusing them of providing support to U.S.-blacklisted Mahan Air. In a statement, the U.S. Treasury Department said it blac …
( read original story …)
Quiet ties and secret talks paved way for UAE-Israel deal
Secret talks and quiet ties — that’s what paved the way for last week’s deal between the United Arab Emirates and Israel to normalize relations. Touted by President Donald Trump as a major Mideast …
( read original story …)
In a first, Oman’s sultan names foreign, finance ministers
DUBAI, United Arab Emirates — Oman’s sultan on Tuesday named foreign and finance ministers for the first time, putting officials in positions long wielded by his late predecessor. Sultan Haitham bin …
( read original story …)
Dubai CSD distributes cash dividends for listed companies on DFM and Nasdaq Dubai
Following the IPO, the Government of Dubai retained the remaining 80 per cent of DFM Company through Borse Dubai Limited. www.dfm.ae Disclaimer: The contents of this press release was provided from an …
( read original story …)
Dubai court dismisses Dh7.2bn tax fraud claims against Sanjay Shah
The former hedge-fund manager recently called in two loans from former business … Sanjay Shah is hoping to reopen the Autism Rocks Support Centre in Dubai. Antonie Robertson/The National Allegations …
( read original story …)
Finance minister seeks investment from UAE for Rs 111 lakh crore National Infrastructure Pipeline
Finance minister Nirmala Sitharaman on Monday held a virtual bilateral meeting with United Arab Emirates (UAE) minister of state for financial affairs …
( read original story …)