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Tag: ipo

Posted on 30/08/2018

StanChart to pilot smart guarantees in trade finance

… an industry-defining solution which we believe will transform the way guarantees are issued and processed in the UAE. Siemens Financial Services has been a key partner for us to build and develop …
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Posted on 30/08/2018

MAS Signs FinTech Partnership Agreement with Dubai Regulator

This Wednesday, the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, announced that it had formed a partnership with the Dubai Financial Services Authority (DFS…
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Posted on 29/08/2018

Standard Chartered to pilot blockchain-based smart guarantees in trade finance

Dubai: Standard Chartered announced on Wednesday that in collaboration with Siemens Financial Services, the financing arm of Siemens, and TradeIX, a digital trade provider it will carry out a …
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Posted on 29/08/2018

UAE banking association says industry is robust and resilient

Dubai: The UAE’s banking sector remained strong and robust in 2017 with an uptick in growth on the back of strong economic momentum in the country, according to the 2017 annual report of the UAE …
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Posted on 29/08/2018

UAE banking industry stays robust in 2017: report

The UAE’s banking sector remained strong and robust in 2017 with an uptick in growth on the back of strong economic momentum in the country, said the UAE Banks Federation (UBF) in its annual report fo…
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Posted on 29/08/2018

UAE Startup Launches First-Ever Sharia-Compliant Islamic Crypto Exchange

Adab Solutions, a UAE-based crypto startup has announced the … it makes sense to encourage the growth of a financial system that does not depend on usury. In April 2018, CCN reported that …
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Posted on 29/08/2018

The arrival of blockchain and crypto explained: The legal case for UAE

the UAE has launched the UAE Blockchain Strategy 2021 pursuant to which, 50% of government transactions will be conducted using blockchain technology by 2021. The Financial Services Regulatory Authori…
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Posted on 29/08/2018

UAE indices bide time as fresh leads eyed

The Dubai Financial Market (DFM) General Index closed 0.41 per cent lower at 2,818.19 due to weakness in Emaar Properties, which fell 2.38 per cent to end at Dh4.92. Dubai Islamic Bank closed 1.59 …
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Posted on 29/08/2018

UAE seeks ‘flexible’ office space to manage financial risks

RELATED ARTICLES: GCC workforce demands more flexible office designs | Deliveroo’s new Sheikh Zayed Road office in Dubai fitted out | Abu Dhabi office market under pressure as rates drop UAE businesse…
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Posted on 28/08/2018

Aramco’s IPO delay carries silver lining for Riyadh stocks

Dubai: There is a silver lining for Riyadh-traded … in other Saudi stocks from what was set to be the world’s largest IPO. Listing Aramco would be “very positive long term, but at the …
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Posted on 28/08/2018

Rasia Increases Position in Fast Growing TerraCom Ltd

DUBAI, UAE, August 24, 2018 /PRNewswire via COMTEX/ — DUBAI, UAE, August 24, 2018 /PRNewswire/ — Special Situations Hedge Fund Sees TerraCom as Deeply Undervalued Rasia has been aggressively investi…
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Posted on 27/08/2018

Abu Dhabi Islamic Bank gets nod for $270m rights issue

ADIB said it will shortly announce the timetable for the rights issue following the approval of the Central Bank of the UAE and Securities and Commodities Authority.
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Posted on 27/08/2018

Emirates Islamic officials visit Expo 2020 Dubai site

As the Islamic Banking Partner of Expo 2020 Dubai, Emirates Islamic is aligned with Expo 2020 Dubai’s theme of “Connecting Minds, Creating the Future,” and is dedicated to providing innovative Islamic …
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Posted on 27/08/2018

Saxo Bank reveals 139% growth in UAE-based female traders

Saxo Bank, the Fintech specialist focused on multi-asset trading and investment, said its UAE-based female trader clients have increased by 139 per cent since December 2016. Women now constitute 10 pe…
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Posted on 27/08/2018

Study: UAE businesses seek flexible workplaces to mitigate financial risks

UAE business leaders and risk managers are adopting flexible real estate strategies to grow their company and mitigate against risk, according to a new study by International Workplace Group (IWG), th…
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Posted on 27/08/2018

No amount of financial aid announced for Kerala: UAE envoy

When asked about the UAE’s $100 million aid offer he said: “It is not yet final. It has not been announced.” The UAE is assessing the relief needed in the aftermath of the floods in Kerala, and no off…
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Posted on 26/08/2018

Careem says IPO still looks far and will take more time

Dubai: Dubai-based ride-hailing app Careem said any initial public offering (IPO) isn’t going to happen soon and will take more time. “We are not looking at it [IPO] now. It will take more time than n…
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