“More will adopt the Local Currency Settlement system, especially since India and UAE are large trading partners.” The mechanism will use existing banking systems and convert payments into either …
Student faces year in Dubai prison after ‘airport altercation’
A student faces being jailed in a UAE prison for a year after she was accused of “assaulting and insulting” staff while transiting through the airport in Dubai. But a charity representing her said she …
Luxury hotels operator FIVE Holdings plans UAE IPO in 2025
“Luxury hotels operator FIVE Holdings plans UAE IPO in 2025” was originally created and published by Hotel Management Network, a GlobalData owned brand.
NPCI signs agreement with UAE’s Al Etihad Payments to develop payment systems
NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, on Thursday signed an agreement with Al Etihad Payments to build, implement, and operationalise UAE …
NPCI signs agreement with Al Etihad Payments of UAE
NPCI International Payments Ltd, the international arm of the National Payment Corporation of India, on Thursday inked an agreement with Al Etihad Payments of UAE to provide real-time and cost-effecti …
India, UAE domestic card scheme will pave way to seamless payment for residents, says envoy
Indian Ambassador to the UAE, Sunjay Sudhir, said the implementation of the new domestic card scheme will facilitate seamless transactions for residents in..
CBUAE hosts roundtable with banks and insurance companies to advance sustainability in UAE financial sector
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), hosted the UAE Financial Sector Sustainability Roundtable ahead of the UAE’s hosting of COP28 in November 2023. The roundtable …
UPDATE 2-UAE company to take over 60% of Telkom Kenya from Helios, Treasury says
United Arab Emirates-based Infrastructure Corporation of Africa LLC (ICA) will take over 60% of shares in Telkom Kenya from London-based private equity firm Helios after a competitive process, Kenya’s …
DIFC announces Sustainable Finance Framework
Arabian Post StaffDubai International Financial Centre (DIFC) announced its Sustainable Finance Framework, which sets out fundraising principles for investments in its environmental and social …
DIFC to publish its Sustainable Finance Framework, continues to drive climate action, sustainable development
Dubai International Financial Centre (DIFC) today announced its Sustainable Finance Framework (The Framework), published in September 2023 with a positive Second Party Opinion review by S&P Global …
Nasdaq Dubai welcomes listing of $350m Green Bond by FIVE Holdings
Nasdaq Dubai welcomed the debut listing of $350 million Green Bond by FIVE Holdings, a prominent luxury hospitality and development company based in Dubai. This listing marks a significant moment for …
DIFC hailed for acting as growth catalyst for global sustainable finance market
The Dubai International Financial Centre is playing the role of a catalyst to boost sustainable finance globally as demand for green funding picks up in the region and beyond, the DIFC governor has …
Dubai Launches New Program to Support Family Businesses
Deputy Ruler of Dubai and Minister of Finance Sheikh Maktoum bin Mohammed announced on Tuesday that Dubai has launched a new program to support family businesses. The Dubai Family Business Management …
Dubai luxury hotel operator FIVE Holdings eyes IPO in 2025 – report
Five Holdings Ltd, the operator of the luxury brand FIVE plans to have an IPO in Dubai, with eyes on a London listing too, according to its chairman. FIVE Holdings Chairman and founder Kabir …
Nasdaq Dubai Welcomes Debut Green Bond Listing by FIVE Holdings
Nasdaq Dubai continues to lead in creating an ecosystem that supports sustainable finance. The listing of FIVE Holdings Green Bond enhances Nasdaq Dubai’s total value of ESG classified bonds and sukuk …
Dubai Luxury Home Sales Hit $1.6 Billion in Q3, Property Consultancy Says
Dubai is racing to attract people and capital to drive long-term growth as part of an economic model focused on property investment, tourism and inflows of foreign capital. Get up to $700 when you …
Man takes huge loan from bank but doesn’t return it, UAE court obliges him to pay Dhs887,777
The client reportedly obtained financing for investment certificates and agreed to pay it in monthly installments. He also obtained a credit card with a monthly salary guarantee, but he did not commit …