The profits were distributed to 2,263 minors and those in their care, representing a 13 per cent increase from profits distributed to minors during the fiscal year 2023. During 20 …
Ministry of Finance organised 3 dialogue sessions at GITEX Global 2024
Dubai: The Ministry of Finance has organised three specialised dialogue sessions at GITEX Global 2024, which kicked off on Monday, October 14, and concludes today, Friday, October 18, at the Dubai …
Standard Chartered launches sustainable finance variants of borrowing base trade loan
Latest addition to the Bank’s suite of Sustainable Trade Finance solutions supports efforts to decarbonise the Commodity sector …
UAE blocks around 200000 cyberattacks in one week
There was a time when the UAE detected more than 200,000 cyberattacks in just one week — and none of them got to harm systems, a senior official said on …
UAE retail giant Lulu Group to float 25% in IPO next week, to raise around $1.8bln
Lulu Group expected to announce plans to proceed with an IPO on the Abu Dhabi Securities Market (ADX) by early next week.
Project Aperta: UAE joins cross-border finance scheme as it looks to boost SME trade worldwide
The Central Bank of the UAE announced its collaboration on a significant initiative titled “Project Aperta” that aims to connect open finance infrastructures of multiple jurisdictions to advance the …
CBUAE advances cross-border open finance interoperability for businesses, financial institutions with project Aperta by BISIH
New project seeks to enable financial institutions and third-party providers to establish mutual trust across borders and exchange data within an end-to-end trusted environment …
Dubai Islamic Bank’s Access auto finance for people of determination
ACCESS Auto Finance rolls out with competitive financing rates and customised repayment plans to facilitate vehicle ownership for People of Determination and their family members, ensuring they have …
Meydan Free Zone and Bank of Baroda sign strategic MoU to enhance business opportunities
This collaboration represents a significant advancement in the sector and underscores the commitment of both organizations to empower small and medium enterprises (SMEs) and foster sustainable economi …
SAG Holdings Ltd (SAG) to Raise $8 Million in IPO
SAG Holdings Ltd (SAG) expects to raise $8 million in an IPO on Tuesday, October 22nd, IPO Scoop reports. The company will be issuing 1,000,000 shares at $8.00 per share. In the last twelve months, …
UAE’s top bank FAB beats third-quarter profit estimates
First Abu Dhabi Bank , the United Arab Emirates’ biggest lender by assets, beat third-quarter profit estimates on Friday, helped by factors such as “increased client activity”, which boosted revenue.
UAE’s top bank FAB beats third-quarter profit estimates
First Abu Dhabi Bank , the United Arab Emirates’ biggest lender by assets, beat third-quarter profit estimates on Friday, helped by factors such as “increased client activity”, which boosted revenue.
UAE’s biggest bank FAB posts Q3 profit at $1.2bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q3 2024 net profit of 4.46 billion dirhams ($1.2billion), 5% higher than in the year-ago period on higher revenue growth that offset a jump …
UAE’s biggest bank FAB posts Q3 profit at $1.2bln; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q3 2024 net profit of 4.46 billion dirhams ($1.2billion), 5% higher than in the year-ago period on higher revenue growth that offset a jump …
UAE announces TradeTech incubator as it supports logistics, AI and finance startups
The UAE will support startups developing advanced technology solutions for use in the trade sector after launching a new specialised incubator. Dr. Thani Al Zeyoudi, Minister of State for Foreign …
Dubai: Can dynamic pricing at Salik toll gates decongest roads?
Currently, the operator is charging a fixed a fee of Dh4 every time a vehicle passes any of the toll gates across the city …
Oman’s OQEP scores record IPO, LuLu tipped to launch next week
OQ Expoloration and Production, the Omani state oil E&P company, priced its IPO on Thursday at $1, the top of the opening range, in a deal that “came together very well”, despite escalating …