DUBAI/RIYADH (Reuters) – Saudi Arabia’s Sulaiman Al Habib … could sell as much as a 30% stake in the IPO, although one source said it could sell less if Saudi regulators permit. Officials from the …
( read original story …)
UAE’s credit demand seen picking up in the third quarter
Respondents of Credit Sentiment Survey of the UAE Central Bank expected a tightening in credit standards but to a lesser extent for the September quarter. Picture is used for illustrative purposes …
( read original story …)
Sharjah police warn against fake bank messages
The Sharjah Police General Directorate have warned residents of the UAE against fraudulent bank messages circulated by fraudsters posing as bank employees, claiming to update personal bank information …
( read original story …)
Collapsed Buyout Firm Abraaj Fined Record $315 Million by Dubai
the collapsed buyout firm that’s already facing legal action in the U.S. The Dubai Financial Services Authority, which regulates the city’s financial freezone, imposed two fines on Abraaj Capital Ltd. …
( read original story …)
Dubai ruler and wife take royal row to London court
The legal dispute could also be awkward for Jordan’s King Abdullah, whose government relies on financial support from the UAE and its ally, Saudi Arabia, as it grapples with a lacklustre economy and …
( read original story …)
UAE- DIFC drives finance sector growth – News |
(MENAFN – Khaleej Times) Shrugging off slowdown in the financial sector and macro-economy, Dubai International Financial Centre (DIFC) marched ahead in 2019, attracting more companies in the first …
( read original story …)
Waking Up To The Future Of Banking: UAE Fintech Startups Take On The Challenge Of Financial Inclusion
When Bill Gates famously said “banking is necessary, banks are not,” Saad Ansari paid attention. The founder and CEO of Xpence set out to innovate for financial inclusion to solve the biggest barrier …
( read original story …)
UAE- ADCB reports H1 2019 net profit of AED2.782 billion
The combination, which reinforced ADCB Group’s position as the third largest bank by assets in the UAE, has created a resilient platform for sustainable growth through greater scale. Overall ADCB …
( read original story …)
Dubai International Financial Centre boosts UAE financial sector development; reports significant growth during first half of 2019
Total number of companies currently operating in the DIFC stands at 2,289 – a 14 percent increase year-on-year and a 7 percent increase since end of 2018 Over 250 new companies, a 10 percent increase …
( read original story …)
Dubai Financial Hub Adds Companies Even as Slowing Growth Weighs
The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced some banks to cut jobs. Almost 2,290 …
( read original story …)
Dubai Is Back and a Bargain, at Least to Stock Pickers With Time
“Dubai’s cheap stocks are for those prepared … U.A.E. stocks are concentrated in industries including finance and have little exposure to other sectors such as technology, which trade …
( read original story …)
Rally on UAE bourses loses steam
The Dubai Financial Market general index closed 0.16 per cent lower at 2,846.07. The Dubai index has gained 4.28 per cent in three of the past four session, and accumulated 8 per cent gains since …
( read original story …)
Dubai and India to enhance financial collaboration
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has undertaken a successful mission to the state of …
( read original story …)
SABIC weighs on Saudi index, banks help lift Dubai
Dubai’s index rose 0.1%, helped by 0.4% gains in both Emirates NBD, the emirate’s biggest lender, and Dubai Islamic Bank. (Reporting by Alexander Cornwell; Editing by Susan Fenton) …
( read original story …)
UAE families can save cord blood free of cost
Cryo Save Arabia’s stem cell bank’s free cord blood/ stem cell storage programme is open to all Dubai expats with children diagnosed with specific medical conditions. Image Credit: Supplied …
( read original story …)
Duo swindle Dh6.5 million from bank customers in Dubai
A bank manager and an investor have been charged at the Dubai Court of First Instance with fraud and forgery after they allegedly swindled two bank customers of Dh 6.5 million. The court heard how the …
( read original story …)
US sanctions put chill on Iranian trade with UAE
The United Arab Emirates projects that its trade with Iran will plummet by half this year as the Middle East’s business and finance hub is buffeted by the impact of swinging US sanctions on the …
( read original story …)