UAE to provide US$30 million financial support to United Nations

The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East, UNRWA, to help in its basic programmes for Palestinian refugees ... ( read original story ...)

Saudi market regulator approves Awazel IPO

Saudi Aramco, the world’s top oil producer, will also tap the equity markets next year, and may raise $100bn in the world’s largest-ever IPO deal when it sells less than a five per cent stake to the public. In the UAE, Abu Dhabi’s Adnoc plans to sell ... ( read original story ...)

Global Markets Steady Despite North Korea Threat

The IPO has a price band of Rs 685-700 per share ... planning to acquire up to 20% stake in an oil field belonging to Abu Dhabi National Oil Company in UAE. According to the Oil India's CMD, 20% stake will be a consortium of BPCL, ONGC Videsh Ltd, Oil ... ( read original story ...

Popularity of Islamic banking products slumps in the UAE

The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, the Middle East comparison website. Yallacompare data revealed during the first half of 2017 10.5 percent fewer ... ( read original story ...)

Now we can finally live like The Jetsons

Only when society “breaks free of the dead hand of the hedge-fund managers and CEOs” will “our imaginations ... Airbus, Google and Toyota are also investing in flying motors, and in Dubai the authorities have announced trials of an air-taxi service ... ( read original story ...)

Dubai’s DIFC launches The Academy centre of excellence

Dubai International Financial Centre (DIFC) has announced the launch of The Academy, a state-of-the-art facility for the promotion of excellence in business and financial services. The Academy will form partnerships with leading business schools and ... ( read original story ...)

Dubai hospital operator secures $100m financing deal

Dubai. The capital raised from the Shari’a-compliant syndicated finance will be used for the operation and expansion of the hospital complex, allowing Saudi German Hospital to offer more specialised treatments and services to its customers, a statement said. ( read original story ...)