Wednesday, February 21, 2018

Finance

Finance

Banking sector- the most targeted for cybercrime in UAE

Cyber-attacks have mostly targeted the banking sector, including the ATM and Internet banking applications, in the UAE, a report published in the January issue...

A Campaign To Encourage Personal Saving Launched in Dubai

National Bonds, a leading UAE investment company, has launched a nationwide campaign to encourage UAE residents to identify personal challenges to saving in a...

Executive Regulation of Federal Law on Tax Procedures Released

The UAE Ministry of Finance has release the Executive Regulation of The Federal Decree-Law No (7) of 2017 on Tax Procedures, approved by the...

DIFC Reveals New Investment Opportunities

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC...

Dubai Investments Raises Foreign Ownership Cap to 49%

Dubai Investments PJSC , the leading, diversified investments company listed on the Dubai Financial Market, has raised foreign ownership limit in the company from...

US Federal Reserve System Raises Base Interest Rate

The US Federal Reserve System acting as the national central bank has raised the base interest rate by 25 percentage points to 0.5-0.75%, the...

Late payments on the rise in UAE

During the past few months, more UAE companies are reporting late payments as liquidity tightens due to the prolonged effect of low oil prices...

DFM Mobile App Goes Live

Investors’ connection with Dubai Financial Market (DFM) trading activity and services has been made easier with DFM’s new smart services application, which provides investors...

FGB, NBAD Merger Creates World’s Largest Financial Institution

FGB and NBAD announce the new name of the combined bank New Bank starts trading on Abu Dhabi Securities Exchange under ticker symbol...

Newcomers to UAE can now benefit from consumer finance products

Complete consumer financing solution includes Personal and Vehicle finance, Credit cards, accounts and online banking Focus on customers with less than six month stay in...

Moving Money to Dubai

International money transfers are a significant topic for discussion for the 7.8m expatriates living in the UAE. It’s more of an issue in Dubai...

2017 Sees a Record High Number of IPOs in GCC

A surge in number of floats in the GCC following the launch of the Parallel Market in Saudi Arabia creating a new platform for...

Dubai Parks and Resorts to raise financing through Rights Issue

Dubai Parks and Resorts is seeking to raise a total of AED2.67bn in additional financing, of which Dh1.68bn is being raised through the Rights...

Investors Cautiously Optimistic, FGB Wealth Sentiment Index

FGB, one of the leading banks in the UAE, has announced the first score of its Wealth Sentiment Index, which stands at 1017.41 for...

Smart Real Estate Investing: Where to Spend in 2015?

With the changing global economy and emergence of new markets, the map for smart real estate investment has changed. Even safe-haven investors who used...

Emaar Development IPO Seeks up to $1.5 Bln

Emaar Properties is looking to raise as much as $1.5 billion from the sale of shares in its development unit in Dubai's first major...

The Winning Industries for World’s Richest People

The annual Billionaires Index was just released by Bloomberg. According to it, the total net worth of the billionaires included in the list has...

Electronic IPO Services Highlighted at ADX

ADX hosts session on new Electronic IPO (eKtetab) services with leading UAE banks Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, recently held...

Mobile Money Make International Remittances Cheaper

The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money...

ADNOC Public Offering Receives High Interest from Investors

Following the initial announcement of the public offering of ADNOC’s shares in the United Arab Emirates, the market continues to show a healthy appetite...

Savings account for children unveiled in Dubai

Shaatir Children’s Savings account will help young people reach their financial goals DIB’s first account specifically for children Dubai Islamic Bank (DIB) today unveiled its first...

Bitcoin in UAE?

The United Arab Emirates is joining the Bitcoin mania. Earlier this week, it was announced that an Australian company will launch the first exchange...

JLL’s Report Reveals New Opportunities for Investment in Healthcare

With the current shortage of hospitals, clinics and other healthcare facilities, an ageing population and the rise of medical tourism, there is a pressing...

VAT in GCC: Are Your Accounting Systems Ready?

Compliance with the UAE VAT Law may require significant changes to a business’ technology, operations, financial management and bookkeeping practices. The law, which comes into...