Smart Dubai extends Paperless Finance project

Smart Dubai Office is set to extend its ‘Paperless Finance' project to other Dubai government entities, to help them eliminate paper transactions from their financial processes. The Paperless Finance project, which is currently in use by Smart Dubai ... ( read original story ...)

Iran Banking Issues With China, UAE Resolved

A senior Iranian official announced that there are no significant banking issues with China and the UAE, as hurdles with Turkish Halkbank are being removed. “About two months ago, there were reports that bank accounts of Iranian petrochemical companies ... ( read original story ...)

UAE Banks Federation revamps its brand identity

Reinforcing its pivotal role in driving the continuous growth and development of the country’s banking sector, the UAE Banks Federation, a professional representative body comprising 48 member banks operating in the UAE, has launched a new brand identity. ( read original story ...)

Nasdaq Dubai to add Emaar Development to futures market

... will add Emaar Development to its futures market as soon as the company lists its shares on Dubai Financial Market (DFM) following its initial public offering (IPO). The listing is expected to take place on Wednesday. Investors will be able to trade ... ( read original story ...)

UAE oil firm ADNOC may offer 20 percent stake in fuel unit

If ADNOC raises as much as $2.8 billion, it would be the biggest initial public offering (IPO) in the United Arab Emirates since 2007 when DP World raised nearly $5 billion, according to Thomson Reuters data. Abu Dhabi is pushing its state companies to ... ( read original story ...)

Adnoc to sell up to 20% stake in fuel unit through IPO

The shares will be listed on December 13, it added. “The planned IPO [initial public offering] ... will offer both UAE and international investors an unprecedented opportunity to invest alongside Adnoc in one of the region’s leading retail brands ... ( read original story ...)