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Tag: ipo

Posted on 20/08/2024

Sav Launches MyMoney: Comprehensive Financial Dashboard for UAE Residents

Sav, a prominent financial technology firm based in the UAE, has introduced MyMoney, an innovative platform designed to centralize financial management for residents. The new service aims to simplify …

Posted on 20/08/2024

Dubai Hedge Fund’s $700 Million Launch Enhances Financial Hub Status

Dubai A significant boost to Dubai’s financial landscape is unfolding as a prominent hedge fund, recently making its debut, announces an impressive $700 million in assets under management. This …

Posted on 20/08/2024

Aggregate income of UAE’s top 10 banks reached $5.8bln in Q2

The banks saw higher QoQ interest income and lower impairment charges, but slower deposit, loans and advances growth, A&M said …

Posted on 20/08/2024

ADGM to regulate fiat-referenced tokens for payment in UAE

The UAE’s Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published consultation paper No. 7 of 2024, containing proposals to enhance its regulatory framework to …

Posted on 20/08/2024

UAE gold prices: Is it the right time to buy? Experts weigh in

Despite recent market volatility, gold remains a sought-after safe haven asset as experts weigh its potential in a turbulent economic landscape …

Posted on 20/08/2024

DFM seeks to widen investor base with eToro partnership

Toro, the trading and investing platform, on Monday announced its partnership with Dubai Financial Market (DFM), enabling eToro’s 38 million registered us..

Posted on 20/08/2024

India central bank asks banks to push direct rupee-dirham settlement: Reports

The RBI has not instructed banks to shift all dirham payments to this channel but instead is taking steps to encourage the development of an rupee-dirham market …

Posted on 19/08/2024

UAE banks’ ATMs increased by 15, totalling 4,669

ATMs of banks operating in the UAE increased by 15, reaching 4,669 ATMs at the end of Q1 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Posted on 19/08/2024

UAE banks’ ATMs increased by 15, totalling 4,669

ATMs of banks operating in the UAE increased by 15, reaching 4,669 ATMs at the end of Q1 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).

Posted on 19/08/2024

Indian central bank urges lenders to settle UAE trade in local currencies

The Reserve Bank of India (RBI) is actively encouraging local banks to facilitate trade settlements between the UAE and India using either the dirham or the Indian rupee as part of a broader strategy …

Posted on 19/08/2024

UAE Central Bank increases interest rates on CDs by 0.25pc

The UAE Central Bank has announced it has increased interest rates on Certificates of Deposit which it issues to banks here by a quarter per cent. The UAE Central Bank has announced it has …

Posted on 19/08/2024

Dubai: How to file a bounced cheque police report online; documents, eligibility explained

Whether you are a businessman receiving cheques from a client or an individual getting them from companies or other people, a bounced cheque being issued is a common possibility.The UAE bounced …

Posted on 19/08/2024

UAE’s RAKBANK teams up with Bitpanda on digital asset platform for residents

The National Bank of Ras Al Khaimah (RAKBANK), a government-owned bank in the United Arab Emirates (UAE), partnered with crypto infrastructure provider Bitpanda Technology Solutions to create a …

Posted on 19/08/2024

UAE: Employers add bonuses, allowances to compensation packages; basic salary unchanged

According to a survey, nearly one-fourth – 24 per cent – of UAE employers have turned to alternative compensation strategies to attract and retain top talent …

Posted on 19/08/2024

Tristar’s revenue hits $545m in H1: Key projects fuel growth

Tristar Group’s revenue jumps to $545 million in H1 2024, bolstered by new ventures and a strong focus on sustainability. Tristar’s revenue hits $545m in H1: Key projects fuel growth. dubai logistics, …

Posted on 19/08/2024

UAE poised for long-term UHNWI influx as Middle East hub status grows

This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents …

Posted on 19/08/2024

UAE poised for long-term UHNWI influx as Middle East hub status grows

This comes as millionaire migration surges globally, with the UAE experiencing a notable influx of wealthy residents …

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