The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech, the UAE’s official news outlet Emirates News Agency …
( read original story …)
Why UAE is one of world’s best markets for retail banking: HSBC
Dubai: The UAE is one of the best retail banking markets for HSBC across its global operations and the bank is committed to long-term growth in the country, Marwan Hadi, head of retail banking and …
( read original story …)
UAE- Finnovex ME to focus on disruptive innovations in banking and finance sectors
(MENAFN – Dubai PR Network) 300 delegates from the industry to convene at the one-day summit to be held in Dubai on March 19 DUBAI March 16, 2019: Finnovex Middle East 2019, a one-day conference …
( read original story …)
Top Banks In UAE
Overview of Top Banks in UAE: The UAE Central Bank is the banking regulatory body in the country. There are 26 foreign banks and 23 local banks in the UAE. Even though there are 49 total banks in the …
( read original story …)
Pakistan fails to secure $3.2 billion UAE oil facility
Cash-strapped Pakistan has failed to secure a USD 3.2 billion oil on deferred payments facility from the UAE, a media report Thursday quoted Finance Minister Asad Umar as saying. The oil facility was …
( read original story …)
Emirates NBD Bank : Payments processor Network International readies London listing
The Dubai-based company, jointly owned by Dubai bank Emirates NBD and private equity firms Warburg Pincus and General Atlantic, said it would trade on the LSE’s main market and have a free float of at …
( read original story …)
Pakistan fails to secure $3.2 billion UAE oil facility: Report
ISLAMABAD: Cash-strapped Pakistan has failed to secure $3.2 billion oil on deferred payments facility from the UAE, a media report on Thursday quoted finance minister Asad Umar as saying.
( read original story …)
UAE-based Network International plans London IPO
UAE-based payments solutions provider Network International has announced that it will publish a registration document and is considering proceeding with an initial public offering in London. In a sta…
( read original story …)
UAE expects a swift deal with EU on tax blacklist
The EU will be approached and (the issue will be) discussed; I’m sure there will be a way out,” said Abdul Aziz Al Ghurair, chairman of the UAE Banking Federation and CEO of Mashreq Group. “Because we …
( read original story …)
Dubai Payments Firm Network International Plans London IPO
(Bloomberg) — Middle Eastern payment processor Network International plans to sell a 25 percent stake in an initial public offering in London. Warburg Pincus and General Atlantic jointly own combined …
( read original story …)
Network appoints former Worldpay chief as it prepares for IPO
The potential IPO will not involve the issue of any new stock, but its current shareholders — private equity groups General Atlantic and Warburg Pincus, and Dubai-based bank Emirates NBD — will sell a…
( read original story …)
Saudi Energy Minister reiterates Aramco IPO to happen within two years: Okaz newspaper
DUBAI (Reuters) – Saudi Aramco’s initial public offering (IPO) is expected to happen within two years, the Saudi newspaper Okaz said on Thursday, citing Saudi Energy Minister Khalid al-Falih. The news…
( read original story …)
UAE banking industry: changes, challenges and disruptors
The transaction banking industry is undergoing considerable transformation and is thriving through change. From coping with a slew of new market entrants, innovation and an emerging generation of huma…
( read original story …)
UAE to work with EU to clear name from tax haven list
The UAE will work with the European Union (EU) to remove its name from a list of designated tax havens announced recently, according to Abdul Aziz Al Ghurair, chief executive of Mashreq Bank and …
( read original story …)
DFSA signs MoU with Bank Al Maghrib
The MoU was signed by the Chief Executive of the DFSA, Bryan Stirewalt, and Abdellatif Jouhari, Governor of Bank Al Maghrib, on 13 March 2019 in Rabat. Dubai, UAE: The Dubai Financial Services Authori…
( read original story …)
Dubai’s Aramex Rallies, Foreigners Cheer Australia Post Exit
“Many hedge fund managers were unable to buy this company because of … Here’s what others are saying about Aramex: Ali El Adou, head of asset management at Daman Investments in Dubai: Stake sale “is …
( read original story …)
Dubai’s Aramex rallies as foreigners cheer Australia Post’s exit
Dubai-based Aramex was set for its biggest gain in more than … managing director at at Al Rajhi Investment in Riyadh. “Many hedge fund managers were unable to buy this company because of the foreign …
( read original story …)