Dubai has hired banks to arrange investor calls ahead of a potential s ale of U.S. dollar-denominated 10-year sukuk, or Islamic bonds, and …
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Israel Sees $6.5 Billion in Trade as UAE Peace Talks Kick Off
Talks to normalize relations between Israel and the United Arab Emirates launch this week with a focus on economic issues, with thornier defense matters pushed off as controversy churns around the …
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Fund transfers between UAE’s banks amount to$1.4trln in six months
ABU DHABI: The total value of fund transfers among the UAE’s banks amounted to AED5.054 trillion during the first six months of 2020, according to the statistics released by the Central Bank of the …
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UAE Team Emirates’ Pogacar banking on calm as Tour de France debut beckons
UAE Team Emirates rider Tadej Pogacar is banking on staying calm as the storm of his Tour de France debut approaches on Saturday. The young Slovenian rider will spearhead the UAE Team Emirates’ …
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Foreign investment to UAE surges to $667 million over four days
Foreign investors endowed the UAE with $667 million in funds between Monday and Thursday last week, UAE state news agency WAM reported. The investment accounted for nearly half, 48.3 percent, of the …
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Bank Leumi, UAE bank, negotiating partnership amid normalization
Shmulik Arbel, an executive at Bank Leumi, said the collaboration might influence other countries to follow suit on normalization.
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World Bank Halts Report on National Competitiveness Rankings Amid Concerns of Data Manipulation
The bank is pausing publication of its flagship report on business competitiveness after data related to China, Azerbaijan, the United Arab Emirates and Saudi Arabia appeared to be inappropriately …
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World Bank Delays Report on National Competitiveness Rankings Amid Concerns of Data Manipulation
The bank is pausing publication of its flagship report on business competitiveness after data related to China, Azerbaijan, the United Arab Emirates and Saudi Arabia appeared to have been …
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Your Complete Guide to Open an Islamic Bank Account in UAE
The bank account is probably one of the universal signs of adulthood. In the modern age, it’s impossible to do your job, get paid, and manage your finan …
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Top Dubai, Israeli Banks in Cooperation Talks After Peace Deal
The biggest banks in Dubai and Israel are in talks to cooperate following this month’s landmark peace agreement between the Jewish state and the United Arab Emirates.
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Middle East Crude-Benchmarks mixed; Malaysian, Vietnamese grades fall
Middle East crude benchmarks Oman and Dubai were mixed on Thursday as the front-month October trading cycle approached its end. Differentials for October-loading crude from Malaysia and Vietnam …
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Brazil hospital chain Rede D’Or seeks $18bln valuation in IPO -source
Brazilian hospital group Rede D’Or has hired banks for a proposed initial public offering, seeking a valuation of at least 100 billion reais ($18 billion), a source familiar with the matter said. The …
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UAE bank profits signal slow recovery for Q3: A&M
While the top UAE banks reported a peripheral increase in profitability, the outlook for the domestic banking sector still remains subdued as a result of the weakened after-effects of Covid-19, in …
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Barbeque Nation Hospitality gets Sebi’s go ahead to float IPO
Proceeds of the issue will be utilized to repay an outstanding borrowing of ₹205 crore in part or full and for general corporate purposes.According to market sources, the IPO size will approximately …
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Uber’s Legal Team Comes Out Ahead Despite Unprecedented Challenges
Tony West, Uber chief legal officer. The ride-hailing industry giant Uber Technologies Inc. experienced a noteworthy 2019. Not only did the San Francisco-based company file its initial public offering …
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UAE firms told not to obtain short-term financing for long-term projects
Companies are tempted to obtain short-term financing but they should not fund long-term projects with short-term financing, according to a senior industry executive from the hospitality industry.
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CFOs bringing greater value to UAE companies
Chief financial officers (CFOs) across the UAE and the GCC region can bring more value to their organisations when they are part of a cultural and digital transformation that will help them overcome …
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