managing director of asset management at Menacorp Finance. UAE businesses welcome [the] cabinet decision of the government to reduce fees for a number of federal services. Initiatives of this …
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Remittances from UAE up in 2018
Remittances from the UAE grew three per cent or Dh4.8 billion to Dh169.2 billion in 2019, as compared to Dh164.4 billion in the previous year with more residents remitting money through exchange …
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Saudi Arabia leads Mena IPO market
Dubai: In the first quarter of 2019, Saudi Arabia led the Mena IPO market raising a cumulative value of $58.3 million in capital, contributed by the listing of Saudi software and services company, Al …
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Saudi Arabia records one IPO in Q1 in 2019: EY
Across MENA, positive opportunities ahead for IPO activity, although investors may tread cautiously Dubai, UAE : In the first quarter of 2019, Saudi Arabia led the MENA IPO market raising a cumulative …
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COLUMN-Hedge funds bang defensive drum on oil: Kemp
(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON- Hedge funds liquidated more of their bullish petroleum positions as concerns about the health of the global economy and …
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Dubai Government and UAE Bank Unveil Blockchain-Based Mortgage Platform
The Dubai Land Department (DLD), the real estate arm of the Executive Council of Dubai, has partnered with UAE-based Mashreq Bank to release a blockchain-based mortgage platform, according to a …
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UAE property market needs new financing rules
While Dubai already has a handful of REITs … Launched in 2017, the SRC partnered with several financial institutions to provide long-term (15-20 years) mortgage solutions to home buyers. …
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New Swiss hedge fund manager Stouff Capital partners with REYL Group
Before launching his own hedge fund, Julien Stouff was responsible for trading strategy … and the rest of the world (Singapore and Dubai). The REYL Group (including minority affiliates) manages …
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UAE Exchange’s Emiratisation initiative lauded by Ministry of Human Resources and Emiratisation
Dubai: UAE Exchange, a renowned financial services brand in the United Arab Emirates, received an appreciation award from the Ministry of Human Resources and Emiratisation for their commitment and …
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Expo 2020 Dubai to attract 11 mln foreign visitors-officials
DUBAI (Reuters) – Dubai could attract 11 million foreign visitors to the Expo 2020 world fair, organisers said in an interview, giving a significant boost to the emirate’s tourism sector. Overseas …
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UAE gold jewellery prices soar ahead of Eid Al Fitr holidays
Dubai: Gold prices in the UAE have gone up ahead … according to Vijay Valecha of Century Financial. “The deadlock in the US-China trade talks alongside rumours that the US could ban more …
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UAE provided $5.3bn in grants to governments, organisations in 2018
Grants provided by the UAE in H1-2018 hit AED6.8 bn, before amounting to AED13 bn in the latter half, according to the statistics which are based on the Ministry of Finance’s figures. Q3-2018 saw AED7 …
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UAE’s SCA warns of false financial company certificates
Some financial companies are using “false certificates” to try dupe potential customers into believing they are licensed, the UAE’s Securities and Commodities Authority (SCA) has warned. In a …
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UAE- Mohammed bin Rashid honours first batch of Artificial Intelligence Programme
The ceremony was attended by H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance; H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and …
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Finablr to spend $200M of IPO money on expansion
The UAE-based company, whose brands include UAE Exchange … announcing its first results on the London Stock Exchange after June 30 this year. Finablr’s IPO price was 175 pence per share, …
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Leadership Spotlight: Standard Chartered CEO is banking on success
For Standard Chartered Bank, the Middle East region is a huge capsulate of capital. We enjoy a history of around 100 years in this region. We’ve started our operations in Bahrain back in 1920 and in …
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Noor Bank partners with ICICI Bank
Noor Bank, a leading Shari’ah-compliant bank in the UAE, has announced a strategic partnership with ICICI Bank Limited, India that allows customers to make instant money transfers to India from …
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