National Payment Corporation of India’s (NPCI) international arm NPCI International Payments Limited (NIPL) on August 20 said that it has partnered with Mashreq Bank in the UAE to offer the United …
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China Three Gorges Nears Deal for Dubai Renewable Firm Alcazar
State-owned China Three Gorges Corp. is nearing a deal to acquire Dubai-based wind and solar developer Alcazar Energy Partners, people with knowledge of the matter said, in one of China’s biggest …
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Here is how Indian ‘unicorn’ Cars24 plans to get UAE’s used-car deals fully online
In India, Cars24 is more of a buyer of used cars, while in the UAE, the emphasis is on the selling side. The investment firm DST Global is one of Cars24’s biggest investors. “They …
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Middle East’s biggest aluminium maker curbs debt before possible IPO
Emirates Global Aluminium PJSC, the Middle East’s biggest producer of the metal, has obtained a $5.5 billion syndicated loan that replaces a larger facility. The new seven-year loan will be used to …
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Middle East’s Biggest Aluminum Maker Curbs Debt Before Possible IPO
EGA is equally owned by two sovereign wealth funds — Investment Corp. of Dubai and Abu Dhabi’s Mubadala Investment Co. Mubadala said in April it was close to an initial public offering of the company …
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IndiGo to resume UAE flight from August 20
IndiGo will resume flights between India and the United Arab Emirates (UAE) from 1.30 am (IST) on Friday (August 20), a company spokesperson said. UAE …
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Fitch Rates Banque du Caire ‘B+’; Outlook Stable
Fitch Ratings has assigned Banque du Caire S.A.E. (BDC) a Long-Term Issuer Default Rating (IDR) of ‘B+’ with a Stabl …
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TigerWit Opens Dubai Office to Expand Services
TigerWit has opened its sales and customer service center in Dubai’s Business Bay to expand the company’s presence in the MENA region.
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Burgerizzr IPO oversubscribed by 500% on day one
RIYADH: The Burgerizzr burger chain’s initial public offering (IPO) was oversubscribed by 500 percent on the first day, according to the financial advisor in charge of the share sale Emirates NBD …
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UAE Central Bank issues new guidelines on hawala transactions
The Central Bank of the UAE issued fresh guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for Registered Hawala Providers (RHP) in the UAE and Licensed Financial …
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Do you take financial advice from social media?
I discuss points and try and know the rationale for advice on stock-picking or more recently on cryptocurrencies,” says Satish. If decades ago, there were friends and ‘good investors’ to suggest, …
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CBUAE issues guidelines for hawala Providers, asks them to open bank account
All providers undertaking hawala activity in the UAE must hold a hawala provider certificate issued by the Central Bank.
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UAE Central Bank issues new guidance to hawala providers and financial institutions
The Central Bank of the UAE issued fresh guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) to Registered Hawala Providers in the UAE and Licensed Financial …
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Ghani has taken refuge in UAE, says Dubai
He has come under withering criticism for his performance during his tenure as Afghanistan’s leader and the ignominious way in which he fled, speeding the government’s collapse …
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UAE Ministry of Finance signs MoU with RAK Maritime City
In line with its commitment to ensure that all federal and local government entities comply with UAE tax agreements, the Ministry of Finance (MoF) signed a memorandum of understanding (MoU) with RAK M …
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Afghan President Ghani surfaces in UAE
Ousted Afghan President Ashraf Ghani is residing in the United Arab Emirates, the Persian Gulf state’s foreign ministry confirmed Wednesday. Ghani’s whereabouts had been a subject of considerable …
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President Ghani gets humanitarian asylum in UAE as Trump and Biden turn on him
Afghan President Ashraf Ghani and his family have been granted asylum in the UAE on the grounds of “humanitarian considerations.” Mr Ghani fled Afghanistan last week as the Taliban approached Kabul.
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