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) …
( read original story …)
UAE’s rail project back on track with financing sealed
Etihad Rail said the UAE Ministry of Finance and the Abu Dhabi Department of Finance signed the agreement to finance the second stage. It did not disclose a figure for the financing. The second phase …
( read original story …)
Brookfield in talks to invest in Dubai property developer Meraas
Dubai, which has evolved in recent decades from a fishing village into a hub for finance, trade and tourism in the region, has seen its economy take a hit by the rout in oil prices. Occupancy in …
( read original story …)
Financing agreed for stage 2 of UAE’s national railway project
The second stage will extend 605km from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast. The UAE’s Ministry of Finance and the Abu Dhabi Department of Finance have signed an ag…
( read original story …)
Finance deal inked for Stage 2 of Etihad Rail network
The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 k…
( read original story …)
Back on track: Finance deal agreed to triple the UAE’s rail network
The county’s fledgling rail network is to more than triple in length with the announcement of ambitious plans to extend services from the border with Saudi Arabia to Fujairah. Etihad Rail has agreed f…
( read original story …)
Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network
The volume of goods transported will increase from seven million tons per year on Stage One to more than fifty million tons. ABU DHABI, United Arab Emirates:– The UAE Ministry of Finance and the Abu D…
( read original story …)
Dubai’s DAE raises bond repurchase programme by $300m
Dubai Aerospace Enterprise (DAE), the Middle East’s biggest … “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our project…
( read original story …)
UAE to enforce new regulations on tobacco products soon
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Federal Tax Authority (FTA), issued a decision regarding the implementation of the Mark…
( read original story …)
DBS to almost double staff, triple revenue of Mideast private banking
DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East …
( read original story …)
DBS bank announces five-year wealth expansion plan in the Middle East
Dubai branch to serve as strategic hub for bank’s Middle East private banking arm Along with its expansion plan, DBS also unveiled its new and expanded office premises located at the heart of Dubai’s …
( read original story …)
Singaporean fintechs engage with UAE digital bank
HI-TRAC: The author’s shorthand for Happiness Index, Infrastructure, Talent, Regulations, Access and Capital. The six pillars that make the UAE a great place for a startup. This week’s article is abou…
( read original story …)
UAE’s Al Hilal Becomes First Bank to Issue Sharia-Compliant Bond on Blockchain
A state-owned financial institution in the United Arab Emirates, Al Hilal Bank, has made history by becoming the world’s first Islamic bank to execute a Sukuk (Sharia-compliant bond) transaction …
( read original story …)
Emirates Institute for Banking and Financial launches research portal and mobile app
Dubai-UAE: – The Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, has launched a state-of-the-art online research portal t…
( read original story …)
du Launches Cloud-based ICT Infrastructure and Compliance Management Services for UAE Enterprises with support from Caveonix
This relationship will ensure that large enterprises, particularly government and financial institutions in the UAE, can easily leverage proactive ICT and cloud workload protection in the face of comp…
( read original story …)
DIB Crowned World’s Strongest Islamic Retail Bank 2018
Dubai Islamic Bank, the UAE’s largest Islamic bank, received three much sought after awards, including the ‘Strongest Islamic Retail bank in the World’, at the prestigious Islamic Retail Banking Award…
( read original story …)
Petrochem eyes 2022 IPO, says CEO
“We are watching the IPO market, but this is not the time to do it … Its storage terminal in Jebel Ali Freezone in Dubai is considered among the most sophisticated facilities of its kind in the worl…
( read original story …)