A new board of directors has been appointed to lead the Dubai Financial Market, it was announced on Wednesday. The new board will be headed by Helal Al Marri, the director general of the Dubai …
( read original story …)
Helal Al Marri to chair Dubai Financial Market’s new board
Dubai: The Committee for the Development of Capital Markets and Exchanges in Dubai announced the appointment of a new board of directors for. Helal Saeed Al Marri will now chair the DFM. Al Marri has …
( read original story …)
Year of 50: UAE bank sets new Guinness World Record
A new Guinness World Record has been set on the eve of UAE’s Golden Jubilee celebrations. Fifty staff members from 50 nations, all based at HSBC UAE’s headquarters in Downtown Dubai, gathered together …
( read original story …)
Dubai plans IPO of main utility firm DEWA at $25b valuation
Dubai is attempting to position its stock market favorably among neighboring competitors – Click the link for more details.
( read original story …)
HSBC UAE secures Guinness World Records for ‘Most Nationalities Reciting a Poem’
Downtown Dubai headquarters, gather to set record Dubai: A new Guinness World Records title has been awarded to HSBC UAE in recognition of the bank’s commitment to diversity, connectivity and …
( read original story …)
Dubai’s DEWA holds assets of nearly Dh200 billion, says CEO Al Tayer
Dubai: The Dubai-owned utility entity DEWA currently has assets of nearly Dh200 billion and projects with a combined value of around Dh86 billion, according to a top official. The updates on DEWA’s …
( read original story …)
Dubai says to offer shares in DEWA to boost stock market trading
Emirate will sell a stake in Dubai Electricity and Water Authority ‘in coming months’, says deputy ruler . Dubai says to offer shares in DEWA to boost stock market trading . DEWA, IPO, power, Water …
( read original story …)
Dubai listing of state entities will be ‘catalyst’ for growth, analysts say
Dubai’s initial public offering of 10 state-owned companies will be a catalyst for growth as the emirate looks to double the size of its capital market to Dh3 trillion ($817 billion) and attract …
( read original story …)
Dubai announces plans to list utility DEWA in the ‘coming months’
The Dubai government has announced plans to list utility Dubai Electricity and Water Authority (DEWA) in the “coming months”, the emirate’s Deputy Ruler and Deputy Prime Minister and Minister of …
( read original story …)
UAE ministry to transfer e-Dirham platform to Central Bank
ABU DHABI – The Ministry of Finance (MoF) and the Central Bank of the UAE (CBUAE) today signed a memorandum of understanding (MoU) to transfer the Ministry’s eDirham payment platform to the Central …
( read original story …)
Dubai plans to list main utility Dewa at $25bn valuation
Dubai plans to sell shares in its main utility, valuing the firm at more than $25bn in a deal that will probably be the emirate’s biggest listing, according to people familiar with the matter. Dubai …
( read original story …)
UAE: Good news as residents opt for more loans. But how does borrowing affect an economy’s recovery?
But how is economic recovery related to appetite among residents for borrowing money? Loan demand rises in the UAE in late 2021 Demand for credit in the UAE is on the rise according to the third …
( read original story …)
UAE: Good news as residents opt for more loans. But how does an economy’s recovery affect your borrowing?
UAE: I’m 40 years old and have saved no money. How can I retire at 65? Dubai: The UAE’s speedy economic recovery is fuelling a positive outlook and higher expectations for loan demand in the months …
( read original story …)
Central Bank of the UAE establishes Cyber Security Operations Centre
The Centre will be the leading security operations for the UAE’s financial sector Explainer: What is the metaverse and why is everyone talking about it? Abu Dhabi: The Central Bank of the UAE (CBUAE) …
( read original story …)
UAE Central Bank’s new cyber security centre to combat financial crime
The UAE Central Bank has established a new Networking and Cyber Security Operations Centre to help defend the financial system’s IT infrastructure against cyber attacks. The centre will be situated at …
( read original story …)
UAE: Criminalisation of bounced cheques to be replaced by preventive measures
In addition to the decriminalisation of cheques issued without funds, the new amendment also made a partial payment of cheque mandatory for banks, unless the drawee rejects it. The amendments replace …
( read original story …)
ActTrader voted as the ‘The Best Multi-Asset Platform’ at The Forex Expo, Dubai 2021
ActTrader, now a Finvasia Group Company, won this year’s best Multi-Asset Platform award at largest trading event in the MENA region – The Forex Expo, Dubai 2021. The award recognises businesses that …
( read original story …)