Company Insights Emirates NBD Banking & Finance Emirates NBD News Banking & Finance UAE tops international ranking for green finance commitment The UAE has been recognised for its commitment to financing a green and sustainable future. The Gulf state recorded the highest scores among several key markets in the Financial Services: State of the Nation Survey 2022, which spoke to 758 managers at financial institutions and banks across France, Germany, Hong Kong, Singapore, the UK, the […] January 25, 2023 Analysis Real Estate Tenants hit Dubai’s suburbs as prime property rents soar Rising property rents in prime areas of Dubai are increasingly causing tenants to move to more affordable suburban communities, leading to a growing demand in the mid-market residential segment. Dubai rents increased by an average of 36 percent in 2022, according to a new report by real estate firm Betterhomes. Average apartment rents increased by […] January 19, 2023 Banking & Finance Mena to host first IPO summit with listings in high demand The Middle East’s first IPO-focused summit will take place in Dubai later this month after recent listings in the emirate proved a huge draw for international investors. Dubai Financial Market and the Dubai World Trade Centre (DWTC) have partnered to host the Mena IPO Summit – Dubai, which aims to unite the entire IPO value […] January 9, 2023 Analysis Development ‘Second wave’ of wealthy Europeans moving to UAE An influx of wealthy Europeans are investing in and moving to the UAE as they face economic and political uncertainty at home, according to leading industry experts. “We’re seeing a new wave of wealthy entrepreneurs moving here,” Dubai-based Arnaud Leclercq, partner holding privé and head of new markets at Lombard Odier, told AGBI. Leclercq said […] November 24, 2022 Banking & Finance Digital bank launches Gulf’s first IPO subscription service Customers of online bank Liv. can now subscribe to an IPO in its app, a first for a digital lender in the region. Liv., which is owned by Dubai’s Emirates NBD, is launching a digital platform that will allow investors to register their interest for upcoming IPOs and will provide information on individual listings, such […] November 16, 2022 Analysis Banking & Finance Fintech competition means UAE banks must change to survive The banking sector in the UAE could grow faster than the nation’s economy but competition from fintechs poses a threat to the survival of banks unless they restructure their operating models, according to a senior industry official. Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation, warned that banks will have to change the […] November 15, 2022 Banking & Finance Calculating hyperinflation is ‘top priority’ for Islamic banks Islamic banking’s top rule maker is racing to create a new accounting standard to calculate the impact of hyperinflation. Changes to sharia-compliant accounting practices could make some account holders liable for banks’ losses related to soaring prices. Under IFRS accounting standards, which are commonly used worldwide, there is a clause, IAS 29, that covers hyperinflation. […] November 9, 2022 Economy Influx of rich expats pushing up UAE inflation, says IMF panel The influx of affluent migrants into the UAE has contributed to the country’s rising inflation, but also presents new opportunities for the Gulf state. A Henley Global Citizens report published in August forecast that the UAE will record the largest net inflow of millionaires on record, adding an additional 4,000 high net worth individuals this […] November 1, 2022 Analysis Energy Adnoc chief warns 5m barrels a day at risk if oil investment halts The head of the state-owned Abu Dhabi National Oil Company (Adnoc) has warned that the world will lose five million barrels per day of oil each year from next year if investments in the sector grinds to a halt. “Now is not the time to point out that long-term underinvestment in oil and gas has […] October 31, 2022 UAE’s Taaleem to raise $204m from IPO on Dubai bourse Taaleem Holdings, the UAE-based K-12 premium education provider with 26 schools, will launch an initial public offering on the Dubai Financial Market to raise AED 750 million ($204.19 million) to expand its network. The company will offer 10 percent of its shares to retail investors starting November 10 and 88 percent to professional investors on […] October 31, 2022 Posts navigation Previous 1 … 14 15 16 … 19 Next
Banking & Finance UAE tops international ranking for green finance commitment The UAE has been recognised for its commitment to financing a green and sustainable future. The Gulf state recorded the highest scores among several key markets in the Financial Services: State of the Nation Survey 2022, which spoke to 758 managers at financial institutions and banks across France, Germany, Hong Kong, Singapore, the UK, the […] January 25, 2023
Analysis Real Estate Tenants hit Dubai’s suburbs as prime property rents soar Rising property rents in prime areas of Dubai are increasingly causing tenants to move to more affordable suburban communities, leading to a growing demand in the mid-market residential segment. Dubai rents increased by an average of 36 percent in 2022, according to a new report by real estate firm Betterhomes. Average apartment rents increased by […] January 19, 2023
Banking & Finance Mena to host first IPO summit with listings in high demand The Middle East’s first IPO-focused summit will take place in Dubai later this month after recent listings in the emirate proved a huge draw for international investors. Dubai Financial Market and the Dubai World Trade Centre (DWTC) have partnered to host the Mena IPO Summit – Dubai, which aims to unite the entire IPO value […] January 9, 2023
Analysis Development ‘Second wave’ of wealthy Europeans moving to UAE An influx of wealthy Europeans are investing in and moving to the UAE as they face economic and political uncertainty at home, according to leading industry experts. “We’re seeing a new wave of wealthy entrepreneurs moving here,” Dubai-based Arnaud Leclercq, partner holding privé and head of new markets at Lombard Odier, told AGBI. Leclercq said […] November 24, 2022
Banking & Finance Digital bank launches Gulf’s first IPO subscription service Customers of online bank Liv. can now subscribe to an IPO in its app, a first for a digital lender in the region. Liv., which is owned by Dubai’s Emirates NBD, is launching a digital platform that will allow investors to register their interest for upcoming IPOs and will provide information on individual listings, such […] November 16, 2022
Analysis Banking & Finance Fintech competition means UAE banks must change to survive The banking sector in the UAE could grow faster than the nation’s economy but competition from fintechs poses a threat to the survival of banks unless they restructure their operating models, according to a senior industry official. Abdul Aziz Al Ghurair, chairman of the UAE Banks Federation, warned that banks will have to change the […] November 15, 2022
Banking & Finance Calculating hyperinflation is ‘top priority’ for Islamic banks Islamic banking’s top rule maker is racing to create a new accounting standard to calculate the impact of hyperinflation. Changes to sharia-compliant accounting practices could make some account holders liable for banks’ losses related to soaring prices. Under IFRS accounting standards, which are commonly used worldwide, there is a clause, IAS 29, that covers hyperinflation. […] November 9, 2022
Economy Influx of rich expats pushing up UAE inflation, says IMF panel The influx of affluent migrants into the UAE has contributed to the country’s rising inflation, but also presents new opportunities for the Gulf state. A Henley Global Citizens report published in August forecast that the UAE will record the largest net inflow of millionaires on record, adding an additional 4,000 high net worth individuals this […] November 1, 2022
Analysis Energy Adnoc chief warns 5m barrels a day at risk if oil investment halts The head of the state-owned Abu Dhabi National Oil Company (Adnoc) has warned that the world will lose five million barrels per day of oil each year from next year if investments in the sector grinds to a halt. “Now is not the time to point out that long-term underinvestment in oil and gas has […] October 31, 2022
UAE’s Taaleem to raise $204m from IPO on Dubai bourse Taaleem Holdings, the UAE-based K-12 premium education provider with 26 schools, will launch an initial public offering on the Dubai Financial Market to raise AED 750 million ($204.19 million) to expand its network. The company will offer 10 percent of its shares to retail investors starting November 10 and 88 percent to professional investors on […] October 31, 2022
