Tag: ipo

Dubai: The Mohammad Bin Rashid Fund for SME (MBRF), the financial arm of government agency Dubai SME, has expanded its partnership agreement with peer-to-peer lending platform Beehive. Under a Memorandum of Understanding (MoU) signed last year, MBRF will …
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The Dubai-based firm held talks last week with some of the investors … The Bill & Melinda Gates Foundation, the World Bank’s International Finance Corp. unit, CDC Group and Proparco Group had hired a forensic accountant to examine what happened to …
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Dubai-based developer Omniyat has $40 million in construction financing from Kuwait’s Burgan Bank for its twin tower project, The Sterling. Located in Dubai’s Burj Khalifa area, the Sterling will consist two towers – the East House and West House …
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Dubai gold prices are Dh161.50 for 24-karat and 22-karat … Higher interest rates discourage the buying of non-interest-paying bullion, which is priced in dollars. Hedge funds and money managers slashed their net long position in COMEX gold in the …
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Preliminary results from the International Institute of Finance say FDI inflows to the UAE rose to $11 billion (Dh40.39 billion) in 2017 and won a 22 per cent share of investments made in the Middle East and North Africa. Within a smaller geography …
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The Kanoo Group, one of the UAE’s largest family conglomerates, may opt to sell shares in some of its units in the future and is currently sifting through its assets, an exercise that may lead to divestments as early as this year, the company’s …
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The Kanoo Group, one of the UAE’s largest family conglomerates, may opt to sell shares in some of its units in the future and is currently sifting through its assets, an exercise that may lead to divestments as early as this year, the company’s …
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Emirates Islamic has announced that customers can now avail personal finance up to 20 times their salary for a limited period. The special promotion runs until May 8 when customers with salaries of AED7,500 and above can benefit, in addition to the option …
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Dubai Islamic Bank Pakistan (DIB) and Shahid Afridi Foundation (SAF) join hands to work towards empowering underprivileged communities across Pakistan. This MoU will help to facilitate in enhancing the reach to the deprived sectors of the society by …
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Banks in the UAE recorded a healthy profit growth of 4.6 per cent in 2017 while maintaining a close to zero revenue growth for the second year in a row, latest annual banking data shows. The revenue growth stagnation for the UAE banks stems from a tighter …
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His Highness Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Dubai Municipality on Tuesday night witnessed the ninth joint Mass Wedding celebrations of the employees of local departments in Dubai.
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Abu Dhabi: A report by the Ministry of Economy predicts that the gold reserves of the Central Bank of the UAE will increase to 9 million tonnes in 2018, a growth of 19.5 per cent, compared to 7.53 per cent in 2017. The majority of Central Bank’s holdings …
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Dubai: Noor Bank will start meeting investors on April 6 ahead of a potential benchmark five-year US dollar-denominated sukuk issue, a document from one of the banks hired to set up the meetings showed on Thursday. Benchmark bonds are generally $500 …
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HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, participated in the 43rd Annual Meetings of the Islamic Development Bank (IDB) Group held in Tunisia. The meeting was participated by 57 ministers of Finance and Economics of the IDB group …
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In January, the Dubai-based contracting giant announced that it has successfully completed the restructuring of its corporate general bank debt in the UAE. The company said that it has also secured new credit lines and working capital facilities for its …
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Dubai: A UAE-based bank is increasing the loan limits for first-time and existing borrowers, allowing a number of average-income earners to get financial assistance of nearly Dh200,000. Emirates Islamic announced on Wednesday that it is now allowing …
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BCG Banking Performance Index measures 44 banks across the GCC, representing 80 per cent of the regional banking market. Banks in the UAE were the most profitable in the GCC, netting in $20.4 billion in 2017 compared to $20.3bn in 2016, a 0.5 per cent …
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