The Ministry of Finance has examined the economic and social impact of excise tax, since it was first launched in the UAE in 2017, and has seen a positive impact in reducing the consumption of the ... ( read original story ...)
Dubai’s Averda International considering potential IPO – sources
Dubai-based Averda International, one of the largest waste management firms in the Middle East and North Africa, is in early discussions with banks about a potential IPO which could value it at up ... ( read original story ...)
UAE’s Finablr reports 9.1% jump in first-half adjusted income
Finablr and the payment solutions company Network International were the two UAE companies that listed on the London Stock Exchange main market earlier this year. Finablr’s initial public offering in ... ( read original story ...)
UAE national service recruits given bank fee exemption
Emiratis performing their national service are to be exempt from some bank charges under new regulations. The UAE Central Bank said the initiative would mean minimum balance requirements would no ... ( read original story ...)
Dubai suspends legal claims against state-owned developer
Dubai has stayed all legal claims against Meydan, a government-owned developer facing a wave of litigation, in a response to growing financial distress in the Middle East’s commercial capital. In June ... ( read original story ...)
Saudi Aramco asks banks to pitch for roles in IPO -sources
DUBAI — Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources said, in what could be the world’s biggest IPO. ( read original story ...)
Corporates and SMEs – the banking landscape going forward
The BFSI focus group hosts a presentation by Etihad Credit Insurance in May this year in Dubai Image Credit: Supplied he Banking, Financial Services & Insurance (BFSI) focus group was established ... ( read original story ...)
Saudi Aramco asks banks to pitch for roles in planned IPO-sources
DUBAI — Saudi Aramco has formally asked major ... two sources with direct knowledge of the matter said. Aramco’s planned IPO, which could potentially raise $100 billion, is the centerpiece ... ( read original story ...)
Emirates NBD Enhances Data-driven Decision Making as First Global Bank to Leverage SAP Financial Services Data Platform
The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests ... ( read original story ...)
PM Modi to embark on 3-day visit to UAE, Bahrain from August 23
Prime Minister Narendra Modi will pay a three-day visit to United Arab Emirates and Bahrain beginning August 23 and hold extensive talks with top leaders of the two countries on bilateral, regional ... ( read original story ...)