Dubai: A UAE expatriate has been barred from offering wealth management services to investors in Dubai after he was found to have fabricated a client’s net worth and made unauthorised investments.
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Dubai’s finance department unveils second economic incentives suite
The Government of Dubai’s Department of Finance (DoF) has launched a second package of economic growth initiatives aimed at enriching the emirate’s economic incentive package as part of the government …
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Central Bank of the UAE has set a maximum limit on fees and charges, but do you know them?
If you think you have been unnecessarily charged on your banking transaction, then step back and have a rethink. Central Bank of the UAE, the official body regulating banks and financial …
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ADIB shares on Abu Dhabi index play catch-up with banking peers, near 52-week high
Dubai: Abu Dhabi Islamic Bank (ADIB) shares rose 1.1 per cent on Tuesday, playing a catch-up compared to other banking peers on the Abu Dhabi Securities Exchange. ADIB closed 1.1 per cent higher …
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IPO activity picks up despite a relatively slow year: PwC
DUBAI — The year 2018 ended on a strong note for GCC equity capital markets activity, with Q4 being the best quarter in the year. A total of five IPOs generated $1.03 billion, or 42% of the GCC’s annu…
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PNC Menon charts ‘aggressive’ expansion of the UAE’s Sobha Group
Once Sobha maintains this level of revenue for a couple of years, Menon says he might look to fulfil his long-held ambition of floating an initial public offering (IPO) on London Stock Exchange or Dub…
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Saudi Alhokair’s mall unit seeks $1 bln from IPO, adds banks -sources
DUBAI, Feb 21 (Reuters) – Saudi Arabian shopping malls business … Arabian Centres, which has applied for an IPO with the Capital Market Authority, is looking to sell a 30 percent stake to investors …
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UAE’s ministry of finance works on 2020 budget draft using electronic systems
The UAE’s ministry of financing is working with federal entities to draft the 2020 fiscal budget using electronic systems in order to increase efficiency in the process and comply with international b…
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How Blockchain-based Platform, Tradelens is Transforming the Shipping Industry
According to Feroz Sanaulla, LDJ Capital Managing Director for Venture Capital (MENA, Abu Dhabi, Dubai), the increased sign ups is an indication that players in the shipping industry are keen on adopt…
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Dubai Islamic Bank and DEWA sign agreement to provide preferential profit rates on DEWA Store for financing electric vehicles
Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has entered into a partnership with Dubai Electricity and Water Authority (DEWA) to offer exclusive auto finance deals for electri…
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Fintech experts call for further regulations to bolster UAE tokenization
From left, Danish Chotani, CEO at Burj Financial; Shawn Davis, partner at KWM; Andrew Rippon, co-founder and CEO at Thrupny International law firm, King & Wood Mallesons (KWM) hosted a recent event in …
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UAE- ADGM opens 4th RegLab cohort focusing on API economy, sustainable finance
ABU DHABI, 4th March, 2019 (WAM) — Abu Dhabi Global Market, ADGM, will welcome applications for its fourth cohort of Regulatory Laboratory, RegLab, with dual themes of “API economy” and …
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Dubai regulator to review supervisions in wake of Abraaj collapse
Dubai’s financial regulator pledged to tighten controls following the collapse of Abraaj Group last year, in its strongest comments yet to address the unravelling of what was once the Middle East’s bi…
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UAE- ADIB named Best Islamic Bank in the Middle East at EMEA Finance Middle East Banking Awards
ABU DHABI, 3rd March, 2019 (WAM) — The Abu Dhabi Islamic Bank, ADIB, a leading financial institution, was named “Best Islamic Bank in the Middle East” and “Best Islamic Bank in the UAE” at the …
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UAE bank hires former StanChart senior exec as new CEO
UAE-based United Arab Bank (UAB) has announced the appointment of Ahmad Mohammad Abu Eideh as its new CEO. The appointment, effective from March 10, comes as part of the bank’s efforts to develop its …
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More IPOs needed to boost interest in UAE markets – EFG Hermes exec
Stock markets in the United Arab Emirates need to attract more companies in a braoder … “You have to be more proactive,” he said, adding that even a relatively small IPO of $100 million or more in a …
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Can the Transport and Logistics Sectors Take the Lead in Blockchain Mass Adoption?
But beyond documentation, Feroz Sanaulla, LDJ Capital Managing Director for Venture Capital (MENA, Abu Dhabi, Dubai) sees blockchain aiding in congestion and turnaround time reduction. He says, “I thi…
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