The free app is a combination of the Stay Home and Trace Covid apps previously launched by the Department of Health An app has been launched by the Departments of Health in Abu Dhabi and Dubai to …
( read original story …)
Dubai fund snaps up $1.25bn Och Ziff stake
Dubai International Capital, the state-backed investment fund, is set to buy a 9.9 per cent stake in Och-Ziff Capital Management, the American hedge fund. Och-Ziff yesterday agreed to sell the …
( read original story …)
UAE launches initiative for global legislative framework for Islamic Finance
Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Governor of the Islamic Development Bank for the United Arab Emirates, announced the launch of the new initiative …
( read original story …)
Dubai developer Nakheel slashes salaries due to coronavirus crisis
Dubai property developer Nakheel has slashed salaries by as much as 50% as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters, and its chief executive resigned …
( read original story …)
Egypt raises $2.2bln from IPOs in 10 years: Report
Cairo – Mubasher: The Egyptian Exchange (EGX) raised $2.2 billion from 23 initial public offerings (IPO) over the last decade, PwC said in its latest report: “Africa Capital Markets Watch 2019.” …
( read original story …)
Shaken markets: Foreign investors go low on UAE stocks with record selloffs
I paid an annual fee of Dh1,500 but the bank blocked my credit card for no reason…” Dubai: Foreign investors remain squeamish about taking an exposure in UAE stocks, with March seeing a record …
( read original story …)
UAE banking sector remains resilient to global challenges
The UAE’s banking sector remains strong and resilient despite several challenges posed by global economic developments last year, according to the 2019 annual report of the Central Bank of UAE (CBUAE) …
( read original story …)
Post COVID-19: UAE banking sector remains resilient to global challenges
The strength and resilience of the banking sector will be tested, and the CBUAE shall continue to play its role in terms of guiding the banking sector through this period, with …
( read original story …)
UAE Non-Oil Private Sector Hits Second Consecutive Record Low: PMI
The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which covers manufacturing and services, fell to 44.1 in April from 45.2 in March. The 50.0 mark separates expansion from …
( read original story …)
IMA Recognizes Success of Finance Professionals as Part of International Management Accounting Day Celebrations
IMA® (Institute of Management Accountants), is celebrating International Management Accounting Day on May 6, 2020. This initiative aims to honor members of the management accounting community for …
( read original story …)
UAE Central Bank says GDP grew 1.7% in 2019
The overall real GDP of UAE is estimated to have grown by 1.7 per cent in 2019, according to the Central Bank of the UAE. “The UAE hydrocarbon sector is estimated to have exhibited a growth of 3.4 per …
( read original story …)
Watchdog investigates EY audit of scandal-hit NMC Health
Move piles further pressure on EY, whose audit of Thomas Cook is also being investigated …
( read original story …)
UAE’s Salama shareholders approve increase in foreign ownership limit
It is the first cash dividend since Salama’s IPO. Salama posted a net profit attributable to shareholders of 54.7 million UAE dirhams ($14.9 million) in 2019, compared to 2 million UAE dirhams in 2018 …
( read original story …)
Tasjeel.ae Launches UAE Premium Domain Marketplace
Tasjeel is launching a dedicated UAE premium domain name marketplace. The new platform will allow buyers to purchase premium domain names that are already registered. This will make it easier for …
( read original story …)
Can bank notes spread COVID-19 faster? UAE Central Bank responds
UAE Banks have warned customers to always sanitise their bank notes, use cards instead Dubai: How often should you clean your ‘dirty’ money? Amid the ongoing pandemic, the Dubai Health Authority (DHA) …
( read original story …)
UAE’s first virtual signing takes place to signify partnership and announce new finance solutions for SMEs and corporates
Through the agreement, Deem’s business customers will be able to access Noor Takaful | Ethical Insurance’s wide-range of commercial insurance products …
( read original story …)
Sell-off on UAE bourses continues for second day
The sell-off was prompted by regional economic worries, slump in oil prices and renewed US-China trade war worries. WTI crude was down by nearly 7 per cent while Brent was trading 1.44 per cent lower …
( read original story …)