Tag: Banking
Abraaj Group’s official Arif Naqvi stole $385 Million from the firm
Reports suggest that Liquidators managing Dubai-based private equity firm, Abraaj Group's bankruptcy have come to an estimation that Chief Executive Officer Arif Naqvi's alleged...
Emirates NBD Bank squashes recent reports of a Bank of America...
Following a press clipping suggesting that the US-based Bank of America (BofA) had acquired a 1.5 percent stake in Emirates NBD recently, the bank...
85% of UAE adults are covered by financial inclusion; CBUAE Survey
A recent survey conducted by the Central Bank of the UAE (CBUAE) across the seven Emirates in the UAE has revealed that 85 percent...
Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue
Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
Emirates NBD fetches investment worth $245 million from Bank of America
North Carolina based Bank of America has acquired 1.51% in Emirates NBD, Dubai’s largest bank.
Sources suggest that the purchase is likely done through market...
Abu Dhabi Global Market wins international accolades
The Financial Regulatory Authority (FSRA) and the Policy and Legal team of Abu Dhabi Global Market, ADGM, have won two prestigious awards at the...
ARAMCO rules the Forbes list of Top 100 in the Middle...
The Forbes Top 100 Companies in the Middle East 2020 list is out and Saudi Aramco makes its debut in the first position. The...
Around 2000 firms in the UAE are transitioning to eCommerce; Network...
UAE-based Network International validated that approximately 2,000 businesses in the UAE are either considering to develop e-commerce capabilities or utilize the firm’s PayByLink solution.
Network...
