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Tag: ipo

Posted on 29/01/2019

UAE-Saudi digital currency will be restricted to few banks, central bank says

A proposed UAE-Saudi digital currency will be restricted to a few banks in each country towards executing financial settlements between the two, the Central Bank of the UAE said on Tuesday. The curren…
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Posted on 29/01/2019

Pakistan plans digital bank to lift remittances from UAE

A complete package of incentives will soon be introduced for overseas Pakistanis who’ll send remittances through banking channels, a senior Pakistani official said. Zulfikar Bukhari, special ssistant …
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Posted on 29/01/2019

Fraud alert: Sharjah Police warn UAE residents of new bank scam

Dubai: A new scam is making the rounds among bank customers, prompting police to caution residents over suspicious text messages. The Sharjah Police General Command warned owners of bank cards …
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Posted on 28/01/2019

New IPO rules for trade agencies ‘a big positive’

Charles-Henry Monchau, Managing Director – CIO & Head of Investments at Al Mal Capital, a subsidiary of Dubai Investments said that the need to get funding through an IPO route is needed as …
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Posted on 28/01/2019

At the UAE gender equality awards, all the winners were men

Lt. Gen. Sheikh Saif bin Zayed Al Nahyan, the UAE’s deputy prime minister and minister of interior, was awarded the first prize, while male representatives of the Ministry of Finance, the Federal Comp…
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Posted on 28/01/2019

UAE cabinet to allow trading companies to issue IPOs

The UAE Cabinet on Sunday adopted an amendment … Investors said the amendment would help lift local markets. “The move to [Initial Public Offering] will create more investment opportunities …
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Posted on 28/01/2019

Why Dubai-based banks made billions of dirhams in net profits in 2018

Emirates NBD Head Office at Baniyas street in Dubai. The largest Dubai-based bank reported a net profit of Dh10 billion for 2018, up 20 per cent on the year. Image Credit: Ahmed Ramzan/ Gulf News …
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Posted on 27/01/2019

Improving asset quality, loan yields boost Dubai banks

Emirates NBD Head Office at Baniyas street in Dubai. The largest Dubai-based bank reported a net profit of Dh10 billion for 2018, up 20 per cent on the year. Image Credit: Ahmed Ramzan/ Gulf News …
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Posted on 27/01/2019

UAE bourse suspends share trading in major local bank

The Abu Dhabi Securities Exchange has suspended trading in Bank of Sharjah for not submitting its financial results for the 2018 financial year. “As Bank of Sharjah didn’t submit their Financial State…
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Posted on 25/01/2019

Michael Owen inspires deVere Acuma runners to smash Dubai Marathon

On a mission inspired by sporting superstar Michael Owen, the CEO of one of the world’s largest independent financial advisory organisations – and 19 of his team – conquered the Dubai Marathon on Frid…
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Posted on 25/01/2019

UAE Managed Security Services Market 2018-2024: Market Forecast by Services Types, Sectors, Regions, and Competitive Landscape

UAE managed security services market is projected … the demand for SAMM service would increase in the coming years. The banking, financial services & insurance application market accounted …
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Posted on 25/01/2019

Mashreq leads the UAE’s digital charge

One organisation that has led the way in the UAE’s financial revolution is Mashreq Bank. It has undertaken a wide range of activities to help the government reach its goals, one of which is to …
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Posted on 25/01/2019

Dubai Investments Park plans investor talks ahead of sukuk

Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and HSBC. DIP said in a statement that the meetings will take place in Singapore, Hong Kong, Abu Dhabi, Dubai and London, commencing on F…
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Posted on 25/01/2019

UAE Central Bank announces M1 increases by 1.3%

The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 1.3 per cent, from Dh479.5 billion at the end of November 2018 to Dh485.6 billion at the end of December 2018. The Mo…
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Posted on 25/01/2019

UAE stem cell bank offers 5-year free storage

The stem cells will be stored at Cryo Save Arabia free of cost for five years and can be used to treat disorders such as leukaemia and sickle cell anaemia. Families may be eligible if a family member …
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Posted on 23/01/2019

Mashreq Bank continues to take the digital lead in the Gulf

Mashreq Bank remains ahead of the curve when it comes to digital banking innovation in the region Headquartered in Dubai, Mashreq Bank is able to combine its long-established strength as a traditional …
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Posted on 23/01/2019

$750m DIB sukuk listed on Nasdaq Dubai

Nasdaq Dubai welcomed the listing today of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. It is Nasdaq Dubai’s first sukuk listing of 2019 and DIB’s seventh alt…
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