uae
First Abu Dhabi Bank Joins Middle East Lenders In Raising Provisions
Middle East Business News - Published date: .
Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of pl... Read more
UAE Shoppers Taking Advantage Of 'buy Now, Pay Later' Platforms
Middle East Business News - Published date: .
Fintech start-ups flourishing during Covid-19 pandemic as alternative options for businesses and consumers in increasing... Read more
Abu Dhabi's Mubadala Invests $150m In US-based Wood Pellet Firm Enviva
Middle East Business News - Published date: .
Enviva completed the recapitalisation of the company, raising more than $1 billion in new and incremental equity Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Middle East Business News - Published date: .
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
UAE Asset Manager To Start ETF Trading In Dubai And Abu Dhabi
Middle East Business News - Published date: .
The ETF will have two different share classes that will track a Shariah-compliant index compiled from stocks listed on t... Read more
UAE Energy Trader To Restructure Finances Following Oil's Crash
Middle East Business News - Published date: .
GP Global said it has been 'targeted by vested interests' spreading rumours about its financial standing Read more
Emirates NBD Receives Approval To Double Foreign Ownership Limit
Middle East Business News - Published date: .
Dubai's largest bank earlier reported a 45% slump in first-half profits Read more
Survey Reveals Trust In UAE Banks On The Increase
Middle East Business News - Published date: .
UAE banking sector has higher trust rating than US, UK, China, Japan, France and Germany Read more
Emirates NBD Reports 45% Slump In Profit After $1.1bn Provisions
Middle East Business News - Published date: .
Emirates NBD continues to have a good underlying operating performance, said CFO Patrick Sullivan Read more
Covid-19 Sparks Increased Demand For Cashless Transactions In Middle East
Middle East Business News - Published date: .
Latest PwC survey reveals 53% of people used mobile phones for online deliveries Read more
Siraj Holding Completes Deal For Al Hilal Bank's Islamic Insurance Business
Middle East Business News - Published date: .
Thomas Joe has been appointed CEO following appointment of new board members Read more
Emirates NBD Said To Slash Workforce By As Much As 10%
Middle East Business News - Published date: .
In a statement, the bank said it had been severely impacted by the impact of the Covid-19 pandemic Read more
Abu Dhabi's Adnoc Sells $10bn Stake In Pipelines To GIP-led Group
Middle East Business News - Published date: .
Infrastructure has been one of the few bright spots for dealmakers since the coronavirus outbreak led to a sharp downtur... Read more
Ex-Abraaj Exec Sev Vettivetpillai Cooperating With US Authorities, Agrees To Extradition
Middle East Business News - Published date: .
Abraaj founder Arif Naqvi's extradition hearing began on Monday Read more
Top Dubai Executives Earned Over AED3m Each In Salaries And Bonuses In 2019
Middle East Business News - Published date: .
Latest filings from DFM show payments made Read more
Emirates REIT Asks For Identity Of Traders On Suspicious Trades
Middle East Business News - Published date: .
In May, Emirates REIT said it found evidence of irregular trading activity by certain market participants Read more
Extradition Hearing Of Former Abraaj CEO To Start In London
Middle East Business News - Published date: .
US authorities want Arif Naqvi to stand trial in America on charges of fraud and money laundering Read more
Finablr's Auditors EY Resign Over List Of 'concerns'
Middle East Business News - Published date: .
Non-executive directors Abdulrahman Basaddiq and Bassam Hage have also resigned Read more
Yallacompare Raises $4.25m From Kuwait-listed Gulf Insurance Group
Middle East Business News - Published date: .
Previous investors in yallacompare include STC Ventures, Wamda Capital, DSO and New York-based Argo Ventures Read more
US Law Firms To Pursue Legal Action Against Troubled NMC Health
Middle East Business News - Published date: .
Firms urging investors to contact them in a bid to recoup losses Read more