Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday urged United Arab Emirates (UAE) Central Bank to disclose details of non-resident account holders under the international agreements. Panama Papers probe, in its final report, revealed Prime …
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UAE issues circular on freezing bank accounts of terrorists, terror organisations
Banks and other financial institutions operating in the United Arab Emirates have been instructed to search for and freeze any accounts or deposits or investments held by individuals or entities designated as terrorists or terrorist organisations by the …
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Imran Khan urges UAE central bank to disclose non-residents’ accounts details
ISLAMABAD: Declaring Iqama [work permit] a kind of protection and safe passage under international agreements, Pakistan Tehreek-e-Insaf (PTI) chairman urged United Arab Emirates (UAE) Central Bank to disclose all details of ‘non-residents’ account …
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Pipeline of IPOs from UAE in full flow as Aramco sale looms
Dubai: Saudi Arabian Oil Co. isn’t the only one keeping IPO markets busy in the Middle East. A slew of companies from the United Arab Emirates, both sovereign-owned and privately held, are lining up initial public offerings in a bid to capitalise on …
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Dubai mortgage firm Amlak developing villa project in Mirdiff
Dubai-based mortgage firm Amlak Finance has completed the first phase of its new residential development project in Mirdiff, it announced on Monday. The Dhs135m villa project marks the first time Amlak is developing a fully-owned property. The project …
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UAE asks banks to freeze accounts of those named on Qatar-linked blacklist: WAM
DUBAI (Reuters) – The United Arab Emirates’ central bank has asked all banks and financial institutions to stop dealing with 18 more individuals and entities with alleged links to Qatar, the state news agency WAM reported on Thursday. The move makes it the …
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Pipeline of IPOs From U.A.E. in Full Flow as Aramco Sale Looms
Emirates Global Aluminium The largest aluminum producer in the Middle East is considering an IPO in Dubai and Abu Dhabi, potentially making it one of the first companies to be represented on both exchanges, according to people familiar with the plan.
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Pipeline of IPOs From U.A.E. in Full Flow Ahead of Aramco Sale
Saudi Arabian Oil Co. isn’t the only one keeping IPO markets busy in the Middle East. A slew of companies from the United Arab Emirates, both sovereign-owned and privately held, is lining up initial public offerings in a bid to capitalize on money …
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Abu Dhabi Ports ‘mulling IPO’ amid UAE listing boom
ABU DHABI (BLOOMBERG) – Abu Dhabi Ports is considering an initial public offering (IPO), joining a growing list of state entities in the United Arab Emirates seeking to sell shares, according to people familiar with the matter. The government-run ports …
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Abu Dhabi Ports denies plans for Iisting
Abu Dhabi National Oil Company is planning to list its retail unit for a valuation of up to $14bn and Saudi Aramco is preparing for what is expected to be the world’s largest ever IPO next year. Read: UAE’s ADNOC plans listing of retail unit at $14bn …
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UAE orders banks to freeze accounts, assets of those on terrorist list
The Central Bank of the UAE issued a general statement to all banks and financial institutions to search for and freeze any accounts, deposits or investments belonging to persons and entities listed by the four countries boycotting Qatar. The bank said in …
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Dubai Financial Market : DFM second quarter profit plummets on lower trading commission fees
Only listed exchange in the Arabian Gulf posted a 19.2 per cent drop in net profit The Dubai Financial Market posted a 19.2 per cent drop in second quarter net profit on lower trading comission fees. Jasper Juinen / Bloomberg The Dubai Financial Market …
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UAE’s Lulu Exchange acquires Al Falah Exchange
Lulu Exchange is part of the UAE’s Lulu Group and offers financial services such as remittances, currency exchange and salary administration. It launched eight years ago and operates in the UAE, Oman, Kuwait, Qatar, Bahrain, India, Bangladesh …
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UAE banks profit to grow about 5 percent in second half: official
“If you look at the bank results that have come in so far, collectively there is a growth of five percent,” said Abdulaziz al-Ghurair, Chairman of the UAE Banks Federation (UBF) and chief executive of Mashreq MASB.DU, Dubai’s third largest lender by assets.
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ADFD to Study Feasibility of UAE Export Finance Programme With Korea Development Institute
Abu Dhabi Fund for Development (ADFD), the leading national entity in development aid, appointed the Korea Development Institute (KDI), a prominent Korean think tank, as expert consultants to advise on the need for a UAE-based Export Finance Programme.
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UAE residents warned against financial frauds
The Abu Dhabi Judicial Department has warned residents against investing in financial portfolios that are not licensed by authorities or falling victims to fraudsters. The judicial officials also highlighted about the dangers of these portfolios, and how …
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Dubai Financial Market posts 4% rise in net profit
Dubai Financial Market has announced a net profit of AED145.6 million for the first six months of 2017, up 4 percent on the year-earlier period. The increase was recorded despite net profit slumping 19 percent in the second quarter of the year, the bourse …
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