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Tag: ipo

Posted on 27/09/2018

3rd Fintech Summit in Dubai set for Oct 30

The UAE, and Dubai in particular … Operations and Technology, Mashreq Bank. Digital disruption is unavoidable. It’s happening because multiple technologies are rapidly evolving all the time. While t…
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Posted on 27/09/2018

Emirates NBD preps WhatsApp banking services

Emirates NBD, a leading bank in the region, announced today that it will soon launch customised banking services via WhatsApp in the UAE. The bank, a front-runner in digital banking innovation, is the …
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Posted on 27/09/2018

Emirates NBD lifts Dubai, rest of Gulf modestly firmer

Sept 27 (Reuters) – A leap by Dubai’s biggest bank boosted the stock market index sharply on Thursday while most Gulf bourses registered only marginal gains. The Dubai index closed up 1.8 percent, its …
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Posted on 27/09/2018

Dubai index outperforms emerging markets amid Fed hike

Most of the strength to the Dubai index came about due to buying in Emirates NBD, Dubai Islamic Bank (DIB) and Emaar Properties. “The Fed rate decision is broadly positive for all banks …
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Posted on 27/09/2018

The How-To: Financial Literacy Education For Employees

The employee perspective According to Willis Towers Watson’s 2017 Global Benefits Attitudes Survey on Financial Wellbeing in the United Arab Emirates (UAE), overall employee financial wellbeing has fa…
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Posted on 27/09/2018

Big majority of finance firms ‘plan fintech tie-ups’

Eighty-two per cent of financial services companies plan to increase fintech partnerships in the coming three to five years, with an expectation of 20 per cent ROI on their innovation projects, said t…
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Posted on 27/09/2018

This Investor Was the Star of Dubai. Now It Can’t Make Rent

Dubai International Financial Centre told Abraaj to vacate its main office in the financial freezone by the end of the month, the people said, asking not to be identified as the information is private …
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Posted on 27/09/2018

UAE forges ahead with integrated blockchain payment platform

The Dubai Department of Finance controls the transactions on DubaiPay and is looking to enhance efficiency by transferring all transactions onto the blockchain. Rahman added that “There is no real …
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Posted on 27/09/2018

Dubai Finance Dept. Upgrades Payment System With Blockchain

The Dubai Department of Finance or DoF joined with the Smart Dubai Office or SDO for a Blockchain-powered upgrade to its financial system. The new platform, called “Payment Reconciliation and Settleme…
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Posted on 27/09/2018

UAE may see 100% growth in sukuk

Mohamed Damak, senior director and global head of Islamic finance, financial institutions ratings, S&P Global, said the number of UAE sukuk issuances had reached $6.4 billion so far this year as compa…
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Posted on 27/09/2018

DIFC Courts reinforce multibillion-dirham UAE-India bilateral trade

Dubai International Financial Centre (DIFC) Courts has brought additional certainty to UAE-India commerce with the signing a Guidance Note with Nishith Desai Associates, covering enforcement of civil …
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Posted on 27/09/2018

Abraaj is said to close Dubai Financial HQ after missing rent

Abraaj, once one of the most influential emerging-market investors, plans to vacate its headquarters in Dubai’s business hub after the embattled buyout firm failed to pay rent, people with the knowled…
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Posted on 26/09/2018

Banking on the future

Is this the end of branch banking as we know it? There are few better places in Dubai to contemplate such questions than Abdul Aziz Al Ghurair’s inconspicuous teak-panelled 6th floor office at …
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Posted on 25/09/2018

UAE banks group considers asking for ease in mortgage rules

DUBAI/ABU DHABI, Sept 24 (Reuters) – The United Arab Emirates’ banking group is considering whether to ask the central bank to relax mortgage lending rules to stimulate a fragile real estate market, s…
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Posted on 24/09/2018

New to the UAE guide part 2: banking, saving, investing and sound financial advice

Choosing which financial institution to bank with is one of the first decisions people make when moving to a new country. Next comes how to handle your finances through borrowing, saving and investing …
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Posted on 24/09/2018

Mirwais Azizi says Dubai developer considering an IPO

RELATED ARTICLES: Dubai to get 2,270 new Azizi homes in Q4 2018 | $93m Fawad Azizi homes launched in Dubai Healthcare City | Azizi Riviera reaches construction milestone Mirwais Azizi said Azizi Devel…
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Posted on 24/09/2018

UAE’s Emirates Global Aluminium cites ‘unfavourable’ conditions for IPO delay

“It remains our intention to launch an IPO of Emirates Global Aluminium … fund Mubadala and the Investment Corporation of Dubai, is the world’s third-largest producer of primary aluminum …
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