The power utility indicates that it will be distributing Dh9.9 billion in dividends to the shareholders for 2022 as against Dh6.2 billion promised earlier …
Emirates Islamic first UAE bank to issue a dirham sukuk
The bank successfully launches an Dh1 billion sukuk; The three-year sukuk carries a 5.05% profit rate, at a spread of 67bps over UAE government treasuries …
Dubai records over $462.8mln in realty transactions Wednesday
DUBAI – Dubai real estate market recorded 537 sales transactions worth AED1.44 billion, in addition to 79 mortgage deals of AED193.57 million, and 30 gift deals amounting to AED104.38 million on …
UAE’s Emirates Islamic Bank prices 3-yr, $272.26mln dirham-denominated sukuk
The local currency sukuk was priced at 5.05%, tighter than initial guidance of 5.25%, after orders topped 2.5 billion dirhams …
UAE jobs: Should employees worry about ChatGPT, other AI tools replacing them?
It is an ideal time to incorporate this, especially as the UAE announced that and that At the Department of Finance in Ajman, officials are exploring how ChatGPT could help optimise the “efficiency …
UAE central bank granted licence to Russia’s MTS bank – website
MTS Bank is registered in Abu Dhabi and received the licence last year, the information shows. It is a fintech unit of Russia’s largest mobile operator Mobile TeleSystems. The Financial Times reported …
Dubai: Gold prices open higher in early trade
According to the Dubai Jewellery Group data … head of commodity research at Geojit Financial Services. Traders are tracking the performance of the dollar and the global economic situation to get a …
UAE grants Russian lender rare banking licence
mainly in Dubai, in the 12 months since the Ukraine invasion to escape financial restrictions in Europe or avoid the military draft back home. Many have complained of difficulty in opening bank …
UAE visa: New Schengen rules for residents, visit visa overhaul, everything you need to know
Recent changes have been announced in how visas to visit the UAE can be obtained, and a change in the application process for a Schengen visa UAE visa: New Schengen rules for residents, visit visa …
New Executive Directors Of The Financial Audit Authority In Dubai
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Chairman of the Financial Audit Authority in Dubai, has issued a dec …
Century Financial Introduces A Series Of Initiatives In Support Of The UAE’s ‘Year Of Sustainability’ – Mid-East.Info
Century Financial is taking a quantum leap in spearheading and rallying the regional financial sector by taking decisive and effective climate ac …
Sheikh Maktoum appoints new executive directors of Financial Audit Authority in Dubai
Sheikh Maktoum bin Mohammed, Deputy Ruler of Dubai and Minister of Finance, appointed Majed Al Ansari as the executive director of operation, compliance and performance audit sector at the Financial …
Mena start-up Floward raises $156m in pre-IPO funding round
Provided by The National Floward plans to invest in local brands that operate in different categories of its target market. Photo: Floward . Floward, a start-up delivering gift …
Dubai releases crypto regulations for virtual asset services providers
VARA issued the “Full Market Product Regulations,” which include four compulsory rulebooks and activity-specific rulebooks that lays down the rules for operating VASPs.
Dubai’s virtual assets watchdog issues regulations to mitigate market risks
Dubai’s Virtual Assets Regulatory Authority (Vara) has issued regulations to offer certainty and greater clarity on the expected level of operator responsibility as well as mitigate market risks. The …
Holo Mortgage Consultant secures seven figure investment in seed round
Dubai, UAE: Holo, the first online platform to provide free digital mortgage services in the Middle East, has today announced seven figure funding in their latest seed round. Investment in Holo’s …
EGX chairman says state IPO programme will spur capital inflows
“Once the cash flow has been resolved, we’re going to see more interest and more inflows happening. “I think the IPO [initial public offering] programme will play a big role in making things happen.” …