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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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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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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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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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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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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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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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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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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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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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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Emirates Global Aluminium delays IPO due to market conditions
Emirates Global Aluminium, the UAE’s biggest industrial company outside the oil and gas sector, has delayed its initial public offering that was slated for 2018 due to unfavourable market conditions. …
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UAE’s EGA said to delay IPO over US aluminium tariffs
US tariffs on aluminium imports have prompted Emirates Global Aluminium, which produces about 4 percent of the metal globally, to delay an initial public offering. A planned share sale in the UAE may …
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Africa emerges as new frontier for Islamic finance
Dubai: Islamic finance is expanding rapidly in Africa, spreading across 18 African markets with great prospects for growth, according to rating agency Moody’s. While Islamic bond (sukuk …
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Sico gets key Dubai Financial Market accreditation
Sico, a leading regional asset manager, brokerage, and investment bank, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM). Its funct…
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UAE Government Spending on Target at $2.84 Billion
Read More New UAE Visa Law Might Propel It to Top 10 World Financial Hubs UAE Residents Spend Most of Their Income on This Category Health sector spending reached Dh766 million, accounting for 7.3 per …
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Dubai Chamber to Head Working Group on SME Banking Challenges
Dubai Chamber of Commerce and Industry will head a new working group which will be tasked with engaging various public and private sector stakeholders and tackling a variety of banking challenges face…
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