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Tag: ipo

Posted on 05/12/2018

UAE positive on KYC utility tests

First Abu Dhabi Bank, UAE Exchange and ADGM, was formed in February to develop a proof-of-concept to decide the governance framework and the functional requirements of an e-KYC utility. The app develo…
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Posted on 05/12/2018

Matt Hedges says UAE officials asked him to spy on the UK

Mr Hedges suggested that the UK should examine its alliance with the UAE. “Is it putting trade, is it putting finance, is it putting anything else over the values it stands for?” he said. He added tha…
( read original story …)


Posted on 05/12/2018

Unbelievable! Mumbai to UAE in 2 hours by underwater bullet train speeding through floating pipes; watch video

UAE’s National Advisor Bureau Limited has come up with a concept … Live a 100 years blessing made real; finance your child’s prosperous long life with this product
( read original story …)


Posted on 04/12/2018

Banking stocks lift Abu Dhabi index to 2-year high

The UAE equity markets opened on a higher note on Tuesday after a long weekend, helped by scrips from the banking, real estate and construction sectors. The Dubai Financial Market General Index (DGMGI …
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Posted on 03/12/2018

UAE residents willing to ‘bank’ on technology…

There are a growing number of customers in the UAE who say that they are who are willing to get banking services from an established technology company, because traditional banks are failing to keep u…
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Posted on 02/12/2018

Would you bank with a ‘Digital Bank’?

Here’s a quick explanation of what digital banking means in 2018 and what UAE has to offer to customers. Paperwork, signing cheques, bank statements, and more paperwork – That is what conventional ban…
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Posted on 02/12/2018

BULLETIN: A&P Emerging Manager Index down -2.95% in October, DeVere launches a new crypto fund

DeVere Group, which has over 80,000 clients in 100 countries, stated on its website that the new investment solution, called deVere Digital Asset Funds, is being in partnership the Dubai-based hedge f…
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Posted on 02/12/2018

5 major banks represent UAE in Egyptian market

The number of UAE banks operating in the Egyptian market are five banks, namely Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank (ADIB), Union National Bank-Egypt, and Mashreq. First Abu Dha…
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Posted on 01/12/2018

Robo-advisory firm is first graduate from Dubai fintech testing

The Dubai Financial Services Authority (DFSA) has announced that robo-advisory firm, Sarwa, has become the first participant to graduate from its regulatory sandbox following nearly 12 months of testi…
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Posted on 01/12/2018

8th Global Islamic Microfinance Forum Successfully Concluded in Dubai U.A.E.

(MENAFN – Somali Land Sun) 8th Global Islamic Microfinance Forum’ Successfully Concluded in Dubai – U.A.E. Somalilandsun- Under the Theme of Financial Inclusion, FinTech, Outreach Strategies …
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Posted on 01/12/2018

Family of UK businessman jailed in Dubai pleads with Foreign Office

Ryan Cornelius is one of four inmates who earlier this year completed a 10-year term for defrauding the bank. However, a Dubai court ruled that their sentences would be extended by another 20 years un…
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Posted on 29/11/2018

UAE issues special coins, bank note to commemorate Year of Zayed

The UAE’s Central Bank has issued two commemorative coins – a silver coin and a one Dirham coin – as well as a Dhs100 denomination bank note with the ‘Year of Zayed’ logo to celebrate …
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Posted on 29/11/2018

Financing for Stage Two of the UAE national rail network has been agreed

The Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network. His Excellency Obaid bin Humaid Al Tayer, Minister of State for …
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Posted on 29/11/2018

UAE finance bodies reach deal on funds licensing

The Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC) and the Financial Services Regulatory Authority (FSRA) …
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Posted on 29/11/2018

UAE rail network to be extended by 605km

head of the Abu Dhabi Department of Finance and Etihad Rail, signed the agreement. This came on the sidelines of the UAE Government Annual Meetings, co-chaired by His Highness Sheikh Mohammed bin …
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Posted on 29/11/2018

UAE financial regulators reach agreement on licensing, promoting investment funds

DUBAI, 27th November, 2018 (WAM) — The Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA) of the Dubai International Financial Centre (DIFC), and the …
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Posted on 29/11/2018

UAE among advanced Islamic finance markets

The outlook for the Islamic finance market is promising with the UAE and other GCC leading the market, analysts said on Wednesday. According to industry analysts, total Islamic finance assets is proje…
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