Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, today launched a residency programme at LendIt FinTech …
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UAE’s Finablr set to launch London IPO on Tuesday: sources
ABU DHABI/DUBAI (Reuters) – United Arab Emirates-based payments and … The plan comes after its rival firm Network International’s IPO drew strong demand from investors in a potential deal that could …
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Video: Does Careem deal show Uber may be overvalued at IPO?
Uber may be ‘overvalued’ at its upcoming initial public offering (IPO), given the majority stock portion of its $3.1 billion acquisition of Dubai ride-hailing app Careem, according to a partner at …
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Now you can do banking through WhatsApp in UAE
UAE banks are continuing to set the bar when it comes to technology adoption in the region, with a new focus on offering customer services through social media apps. Dubai’s largest bank, Emirates NBD …
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UAE-Saudi double tax avoidance agreement to lift trade, investment
Associate Business Editor of Khaleej Times, is a well-connected Indian journalist and an economic and financial commentator. He has been in the UAE’s mainstream journalism for 35 years, including 23 …
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UAE, Saudi Arabia agreement on avoidance of double taxation comes into effect
The UAE, represented by the Ministry of Finance, MoF, signed the agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion …
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Dubai Islamic Bank Considers Acquiring Noor Bank, Sources Say
Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is considering buying its smaller rival Noor Bank PJSC, people with knowledge of the talks said. The bank has held …
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UAE- DGCX’s Spot Gold Contract receives Shari’ah certification
and greatly reflect the growing potential of Islamic finance across the UAE and wider GCC region.” Professor Yousef Abdullah Al Shubaily, Shari’ah Advisor, Minhaj Advisory, said, “Our vision is to …
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Double taxation agreement between the UAE and Saudi Arabia comes into effect
The UAE, represented by the Ministry of Finance (MoF), signed an agreement with Saudi Arabia on the avoidance of double taxation on income and capital and the prevention of tax evasion, at the Saudi …
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UAE ranks first in the region representing 36% of the total FDI flow to the Arab countries
FDIs in this sector amounted to nearly 28.4 billion dollars, with total foreign direct investment amounting to 23.8% in the UAE. Financial and insurance activities amounted to 23 billion dollars, with …
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UAE- The Maritime Standard launches 2019 Awards
Dubai-based publisher and events organiser … shipbuilding; ship agency; finance and insurance; maritime law; and transportation & logistics. The newsletter, which celebrated the publication …
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Banking is now just a WhatsApp away for Emirates NBD customers
Dubai: Emirates NBD customers can now chat bank via WhatsApp as the bank introduces customised services via the WhatsApp Business Solution, a first in the region. Enhancing the bank’s award-winning …
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Emirates Islamic becomes world’s first Islamic bank to launch banking via WhatsApp
Dubai: Emirates Islamic has announced the launch of Chat Banking services for customers via WhatsApp, marking a global first in the Islamic banking sector. The bank’s customers will now able to …
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Hedge funds: Managers promise market-beating returns, but watch out for those fees
At the same time, hedge funds need to be able to beat the market, Zachary Cefaratti, CEO of Dalma Capital, a Dubai-based hedge fund management company, says. “The primary goal of any hedge fund is to …
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UAE- Pakistan banking on remittances
(MENAFN – Khaleej Times) Pakistani banks will soon roll out a host of initiatives for overseas Pakistanis to boost remittances, curb illegal money transfers and ease financial constraints for …
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UAE tops Mideast region in fintech startups list
The UAE has topped the list of countries in the Middle East region with the highest number of financial technology (fintech) startups with the number presently standing at 67, according to a new …
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Gulf’s banking sector will drive M&A sweepstakes
Image Credit: Reuters Dubai: The banking sector would dominate mergers and acquisitions (M&A) in the Gulf, and in turn control a sizeable chunk of stock market activity, according to executives at …
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