Dubai continues to be a magnet for financial and fintech firms even during the coronavirus pandemic as the number companies at the Dubai International Financial Centre (DIFC) increased by 13 per cent …
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G-20 Finance Officials Stop Short of Recommending Debt Freeze Extension
Finance officials from the Group of 20 countries Saturday called for all official bilateral creditors to implement fully a short-term debt freeze for the world’s poorest countries, but they stopped …
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G20 Finance Officials Stop Short of Recommending Debt Freeze Extension
Sources briefed on the G20 meeting said there was strong support for extending the standstill beyond the end of 2020, given the severity of the economic fallout from the coronavirus pandemic, but the …
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Saudi economy likely worse in second quarter despite June improvement – central bank governor
Saudi Arabia’s economy likely deteriorated more in the second quarter than in the first three months of the year, the Saudi central bank governor said on Saturday.
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HDFC Bank will return funds debited from Altico’s account: Aditya Puri
HDFC Bank, which had lent money to NBFC Altico, had debited ₹210 crore from its account last year. Altico had raised the money through ECB from Dubai-based Mashreq Bank, which had been deposited in …
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L&T Finance Holdings to wind up Dubai wealth management business as sale plan falls apart
UAE L&T Finance Holdings Ltd (L&TFH) on Friday said it has decided to wind up its Dubai-based subsidiary L&T Capital Markets (Middle East) Ltd, after the proposed sale plan didn’t materialise. In …
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World facing unparalleled fiscal and monetary policy issues: UAE tells G20
DUBAI — Younis Haji Al Khoori, undersecretary of the Ministry of Finance, stressed the importance of global coordination to support countries in creating the necessary fiscal space to respond to …
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DIFC reports 25% growth in number of companies in the first half of 2020
“The Dubai International Financial Centre’s ability … Samba Financial Group, Gazprom Bank, Vending Market, Brookfield Private Capital and Decimel Factor Middle East. Whereas, Ripple and …
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RBI directs HDFC Bank to return Rs 210 crore taken from Altico Capital’s account to Mashreq Bank: Report
HDFC Bank had debited the amount through an external commercial borrowing (ECB) from Dubai-based Mashreq Bank. Altico had parked the sum originally raised from Mashreq with the Indian private sector …
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Economic Citizens of St Kitts and Nevis Pass Toughest Vetting, PM Harris Tells UAE Newspaper
Individuals who have become citizens of the Federation of St Kitts and Nevis through the Citizenship by Investment (CBI) Programme will have passed some of the toughest due diligence checks. Prime Min …
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UAE president orders reshuffle of central bank
The reshuffle follows the appointment of Abdulhamid Saeed as governor in April. Sheikh Mansour bin Zayed al-Nahayan, a member of Abu Dhabi’s ruling family and deputy prime minister, was appointed …
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L&T Finance Holdings to wind up Dubai wealth management business
New Delhi, Jul 17 (PTI) L&T Finance Holdings Ltd (L&TFH) on Friday said it has decided to wind up its Dubai-based subsidiary L&T Capital Markets (Middle East) Ltd, after the proposed sale plan …
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RAKWA Boosts Water Sustainability in UAE with Infor EAM
Infor, a global leader in business cloud software specialized by industry, today announced that Ras Al Khaimah Wastewater Agency (RAKWA) has deployed Infor EAM, a powerful enterprise asset management …
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Decree issued to restructure UAE central bank’s board of directors
Pursuant to the Decree, the central bank’s board of directors shall be reconstituted by the following members: Abdulrahman Saleh Al Saleh as vice-chairman; Abdulhamid Mohammed Saeed as governor; and …
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President issues Federal Decree restructuring Central Bank of UAE
President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has issued a Federal Decree restructuring the Board of Directors of the Central Bank of the UAE (CBUAE), under the chairmanship of Sheikh …
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UAE president orders reshuffle of central bank board of directors – state news agency
The United Arab Emirates president ordered the reshuffle of the central bank’s board of directors, state news agency WAM said on Thursday. The reshuffle follows the appointment of Abdulhamid Saeed as …
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Decree to restructure UAE Central Bank board of directors issued
The UAE President His Highness Sheikh Khalifa Bin Zayed Al Nahyan issues a decree on Thursday to restructure the UAE Central Bank board of directors chaired by Sheikh Mansour Bin Zayed.
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