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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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Posted on 24/08/2018

Shelved Aramco IPO hits at heart of Saudi prince’s reforms

DUBAI/RIYADH (Reuters) – Saudi Arabia’s decision to shelve … bankers and investors say. The initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was a centrepiece of the …
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Posted on 24/08/2018

Banking the unbankable: Rise is on a mission

a Dubai-based start-up aimed at providing banking facilities to low-income workers. While this may be a relatively small amount individually, Rise saw the potential for scale. Collectively, maids in t…
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Posted on 24/08/2018

Does the Aramco IPO saga change Saudi crown prince’s vision?

The IPO was at the centre of Vision 2030 … global head of equity research and strategy at investment firm Exotix Capital in Dubai. The delay to the Aramco sale “demonstrates not that there is a lack …
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Posted on 24/08/2018

Kerala floods: UAE says nothing official yet, no amount of financial aid announced

With his country at the centre of a debate in India over acceptance of Rs 700 crore foreign aid for flood-ravaged Kerala — that debate is now a political slugfest between the Left that runs Kerala and …
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Posted on 23/08/2018

Kerala Flood: Indian Government Refuses Foreign Financial Aid

As Kerala is struggling to find its ground after the devastating floods, financial aid and technical assistance have been pouring in from all corners of the country as well as from the world. UAE, Mal…
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Posted on 23/08/2018

Kerala floods: Tussle over Rs 700-crore aid offer from UAE

(Photo: AFP PHOTO / MANJUNATH KIRAN) He demanded that the government should compensate Kerala if it is unwilling to accept UAE’s offer of assistance. “We asked Union Gov for financial support of Rs 22…
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Posted on 23/08/2018

Saudi Arabia says it ‘remains committed’ to Aramco IPO

DUBAI, United Arab Emirates — Saudi Arabia says it “remains … that acquisition is likely the Saudi Arabian Oil Co.’s proposed purchase of a stake in petrochemical firm SABIC. The IPO of Aramco is a …
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Posted on 23/08/2018

UAE Food Bank donates meat to needy families at abattoir

Workers and needy families received sacrificial meat donations at Al Qusais abattoir during Eid Al Adha, thanks to the UAE Food Bank counter that was introduced across slaughterhouses for the first ti…
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Posted on 23/08/2018

UAE aid: Delhi rules it out, Kerala CM Pinarayi Vijayan says not any other nation

UAE cannot be considered as any other nation … has invited flak for the flood relief amount released so far — Rs 600 crore. On Wednesday, Kerala Finance Minister Thomas Isaac took to Twitter: “Natio…
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Posted on 22/08/2018

Kerala floods: Centre can accept financial aid made voluntarily by another country, says state

The Union government should compensate Kerala if it chooses to adopt a negative stance towards the aid of financial offer made by the United Arab Emirates, Isaac said in a tweet. National Disaster Man…
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Posted on 22/08/2018

Autarky: Centre rejects UAE financial aid for flood-hit Kerala

The central government has refused to accept several hundreds of crore in aid money offered by the United Arab Emirates (UAE) to flood-ravaged Kerala state. The foreign affairs ministry has communicat…
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Posted on 22/08/2018

Why India Might Refuse 700 Cr Aid From UAE For Kerala

The governments of Maldives and Qatar too, have pledged to send financial aids to Kerala. CM Pinarayi Vijayan informed that the United Arab Emirates will provide Kerala an assistance of ₹700 Crore. Ke…
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Posted on 21/08/2018

UAE gov’t offers $100m in financial aid to rebuild Kerala

The UAE government has offered $100 million in financial assistance to rebuild the flood-hit Indian state of Kerala, Chief Minister Pinarayi Vijayan said on Tuesday. In comments published by local med…
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