DUBAI, June 7 (Reuters) – Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai’s Emaar Properties jumped on news it will launch an initial public offering of its local real …
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MIDEAST STOCKS-Qatar stabilises on valuations, Dubai’s Emaar jumps on unit’s IPO plan
DUBAI, June 7 Qatari shares that are members of global emerging market benchmarks helped stabilise the bourse in early trade on Wednesday, while Dubai’s Emaar Properties jumped on news it will launch an initial public offering of its local real estate unit.
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Payments in UAE banking system normal, c.bank says after Qatar rift
DUBAI, June 7 Payment and remittance transactions in the United Arab Emirates financial system are operating as normal, the central bank said on Wednesday after the UAE’s diplomatic rift with Qatar caused uncertainty over some banking deals. The UAE …
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Payments in UAE banking system normal, central bank says after Qatar rift
DUBAI Payment and remittance transactions in the United Arab Emirates financial system are operating as normal, the central bank said on Wednesday after the UAE’s diplomatic rift with Qatar caused uncertainty over some banking deals. The UAE financial …
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Arab nations risk gas insecurity over rift with Qatar
The UAE, which also cut ties with Qatar … In the past, gas imports were a political non-starter, but the emergence of the Saudi Aramco IPO appears to be changing this position. Heretofore, global gas trade had been the stronghold of Qatar.
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Qatari riyal under pressure as Saudi, UAE banks delay Qatar deals
DUBAI/DOHA The Qatari currency came under pressure on Tuesday as Gulf commercial banks began to hold off on dealing with Qatari banks because of the diplomatic rift in the region, banking sources told Reuters. Some Saudi Arabian, United Arab Emirates and …
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Banks enable UAE economic vision
“Corporate banking took off when financial institutions began financing projects for government-related entities.” From its earliest days of its founding in 1967, Mashreq has arranged financing for some of the UAE’s and the region’s iconic projects …
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UAE Poised To Become The Fintech Nexus In MENA
In Dubai, the Dubai Financial Services Authority (DFSA) too has moved forward with fintech regulation, launching in May the Innovation Testing Licence (ITL). The new class of financial services license allows fintechs to develop and test innovative concept …
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Gulf rift threatens air travel disruption across the Middle East and beyond
DUBAI — Air travel across the Gulf region and beyond faces … Last year, its parent company published financial results for the first time. These showed a net profit of 1.6 billion riyals (US$439 million) for the year to March 31, 2016, up from the …
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UAE one of the easiest places in the world for accounting and tax
“Companies operating in the UAE and those looking to enter should prepare for the change now – and this is where working with in-country experts who understand the local requirements for financial compliance can be very beneficial.” Key factors that …
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Almost half of UAE respondents believe salaries are increasing in the UAE
Around 23 per cent of UAE respondents make financial investments on a regular basis, and 32 per cent already own their home. Among those who do not own a home, 43 per cent are interested in owning a home in their country of residence, and 64 per cent would …
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Dubai Financial Services Authority Launches Innovation Testing Licence For FinTech Firms
The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (FinTech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL). This initiative signals the …
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UPDATE 1-Banks in Saudi, UAE receive no regulatory guidelines on Qatar -sources
In contrast, some Egyptian lenders halted business with their Qatari counterparts on Monday. The UAE central bank did not immediately respond to a Reuters request for comment, while a spokesman for the Saudi central bank said it had no statement on the matter.
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Some Egyptian banks halt dealings with Qatari banks after rupture
UAE Central Bank yet to issue guidelines to banks on Qatar The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter said on Monday. The UAE, Saudi Arabia …
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UAE central bank yet to issue guidelines to banks on Qatar – source
DUBAI The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter told Reuters on Monday. The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport ties …
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Factors to watch – June 5
DUBAI, June 5 (Reuters) – Here are some factors that may affect … rise to $31.126 bln at end-May SAUDI ARABIA * Saudi Aramco warned by lawyers on New York IPO litigation risks -FT * Saudi Aramco raises July Arab Light OSP to Asia UNITED ARAB EMIRATES …
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Kuwait picks EY to value stock exchange for potential listing-sources
DUBAI, June 4 Kuwait has picked accounting firm EY to do a valuation of its stock exchange, sources familiar with the batter told Reuters on Sunday. The country has been considering an initial public offering of its stock market for years, but political …
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