Dubai: The UAE leads the region as the most appealing wealth management location for high net-worth individuals (HNWIs) in the GCC, according to the latest GCC Wealth Insight Report from Emirates Investment Bank (EIBank). According to the study …
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DIEDC to promote Dubai as Islamic financing hub
Dubai: The Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai that will result in the design and implementation of new initiatives complementing Dubai’s success in emerging as a leading global sukuk …
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Dubai ArtBank launches cryptocurrency payments
The Dubai ArtBank, the world’s first digital bank for art, launched by the Dubai Culture and Arts Authority, has introduced a new “Dubai Art Cryptocrruency” to manage art collections and art-related transactions. Launched in March, the initiative is …
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DFM to see listing of 2 Reits to push alternative finance for property
Dubai Financial Market plans to list two Real Estate Investment Trust (Reit) later this year, playing its part to push for alternative financing methods in the proposed Mortgage Law under the stimulus package, that intends to create greater depth in the pr …
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BR Shetty consolidates financial brands with new holding company
UAE billionaire businessman Dr. Bavaguthu Raghuram Shetty has launched a new UK-based holding company which will consolidate his global portfolio of financial services brands including UAE Exchange, Travelex, Xpress Money and others. Finablr, which will …
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UAE-based financial services conglomerate consolidates under new holding company
Dubai: The UAE based financial services conglomerate that includes, UAE Exchange, Travelex and Xpress Money on Monday announced the creation of a new holding company, Finablr, consolidating various financial services companies and brands under one umbrella.
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UAE billionaire BR Shetty sets up financial holding company
The UAE-based billionaire Dr. BR Shetty has created a new holding company, Finablr, bringing all of his global portfolio of financial services brands under this company. The company has been incorporated in the UK but will be headquartered in the UAE, said …
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Financial services holding firm Finablr set up
Noted UAE-based businessman Dr Bavaguthu Raghuram Shetty has announced the creation of “Finablr”, a new holding company which, subject to regulatory approvals, will consolidate his global portfolio of financial services brands under one single umbrella.
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Major UAE Bank Implements Blockchain Tech To Prevent Check Fraud
The National Bank of Dubai (NBD), one of the largest banking groups in the Middle East by assets volume, has reportedly become the first bank in the region to successfully implement Blockchain technology in a check-issuance system to prevent fraud, local …
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Emirates Islamic Bank rewards saver with Tesla car
Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank …
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Dubai to launch a digital bank for art that uses cryptocurrency
Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called …
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Q1 results point to strong start for UAE lenders
would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline …
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Owner of Travelex, UAE Exchange prepares for potential London IPO
DUBAI, April 23 (Reuters) – Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will …
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No rush to IPO, says Emaar Hospitality CEO
Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO.
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Hedge-fund investors pour into oil as firms predict surge to $80
Hedge funds investing in oil are luring capital at the fastest pace … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Dubai’s New Mortgage Law to Bring More Flexibility, Financing Options
Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of …
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UAE poised to benefit from China’s Belt & Road Initiative: HSBC
“It is fitting that a dialogue on the New Global Trade Order is happening here in the UAE, which is the gateway to growth in the Middle East and beyond and which World Bank data shows is a crucial meeting point for two-way trade worth $570 billion (Dh2 …
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