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Posted on 29/05/2020

Coronavirus: Dubai advises against using banknotes, issues preventive guidelines

The Dubai Municipality has now encouraged people to use electronic payment methods and avoid using bank notes. “Banknotes are an easy surface for the spread of viruses, avoid using it as much as …
( read original story …)


Posted on 29/05/2020

Abu Dhabi’s Mubadala in talks on $1 billion stake in Reliance’s Jio Platforms: sources

Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 billion in the Indian conglomerate’s Jio platforms, three sources told Reuters. Twitter …
( read original story …)


Posted on 29/05/2020

Jingle Pay to launch neobank in the UAE

Dubai-based fintech startup Jingle Pay is bringing neobanking to the Middle East, starting with its home turf of the UAE.
( read original story …)


Posted on 28/05/2020

Abu Dhabi’s Mubadala in talks on $1 bln stake in Reliance’s Jio Platforms -sources

Abu Dhabi state fund Mubadala is in talks with Reliance Industries about investing around $1 billion in the Indian conglomerate’s Jio platforms, three sources told Reuters. NEW DELHI/DUBAI/HONG KONG, …
( read original story …)


Posted on 28/05/2020

Video: UAE police show how fraudsters can access your bank account

The video clip shows a cop interrogating a person suspected of stealing bank account details and defrauding people. The man confesses to stealing bank account and credit card details from people …
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Posted on 27/05/2020

Dubai Financial Services Authority to host RegTech Live event

Driving Compliance Through Innovation, will be held in partnership with the Dubai International Financial Centre Authority (DIFCA) …
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Posted on 27/05/2020

Warner Music IPO is priced to sing

The world has stopped but music hasn’t. That’s the tune Warner Music is singing to investors as it prepares to launch its delayed initial public offering in the next week or so. The label behind Lizzo …
( read original story …)


Posted on 27/05/2020

World’s top 2,000 list includes 40 Arab companies; Aramco ranked 5th

This year’s Forbes Global 2000 list saw the inclusion of 40 companies from the Arab world in the magazine’s ranking of the world’s top 2,000 companies, based on assets, profits, revenues, and market …
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Posted on 26/05/2020

UAE’s NMC Health delays May staff salaries – memo

The troubled hospital operator, which usually pays salaries by the 25th of every month, said in an internal email to employees on Monday that this month’s payroll processing will commence only on May …
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Posted on 23/05/2020

$25.44bln loans provided to SMEs in UAE

Recently, a committee was formed that includes representatives of the Central Bank of the UAE, the Ministries of Economy, Finance, Youth Affairs and Justice, in addition to the UAE Banks Federation, …
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Posted on 23/05/2020

Former Pacific Controls finance official detained in Dubai, company confirms

According to information available, the current Pacific Controls management had lodged a complaint with Dubai Police that the finance manager (Narasimhan) and his team fraudulentl …
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Posted on 21/05/2020

70% of Dubai companies expect to go out of business within six months due to coronavirus pandemic, survey says

Nearly half the restaurants and hotels surveyed by the Dubai Chamber and three-quarters of travel and tourism companies expect to go out of business in the next month alone.
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Posted on 21/05/2020

A look at the ‘massive’ digital transformation in UAE’s Mashreq Bank

Subroto Som of Mashreq Bank discusses the goals of digital transformation at the bank, including enhancing its customer experience.
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Posted on 21/05/2020

UAE banks risk rise in bad loans after virus ‘triple whammy’-S&P

United Arab Emirates banks are at risk from a spike in bad loans over the next one to two years as the oil-producing economy is hit by a “triple whammy” of a slump in oil prices, lower economic …
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Posted on 21/05/2020

MOVES-Saudi Aramco appoints new VP of treasury – source

Saudi Aramco has appointed Ashraf Ghazzawi as a new vice president of treasury effective June 1, an industry source said.
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Posted on 21/05/2020

Covid tames UAE inflation

Dubai Statistics Centre data showed that the annual general consumer price index fell by 3.34 per cent in April 2020 compared to the same period in 2019.
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Posted on 21/05/2020

Investment Corporation of Dubai’s 2019 profit jumps 17% on banking and transport investments

Investment Corporation of Dubai (ICD), the principal investment arm of the emirate’s government, reported a 17 per cent increase in net profit for 2019 following a strong performance from investments …
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