Shailesh Dash main

Phi Trends: Why it’s never too late to start investing

Investing requires a long-term approach to yield better results, opines entrepreneur and investor Shailesh Dash in his new series

Bahrain digitisation

Why digitalisation has helped Bahraini banks escape the brunt of Covid-19

As Covid-enforced social distancing measures became commonplace, Bahrainis turned increasingly online to conduct financial services

Saudi stock market sees IPO activity returning after virus slump

The stock exchange is planning to complete its own share sale within the next 24 months

How can investors find the right asset allocation mix in the current situation?

The key for investors is to find the asset mix that not only improves their returns, but more-so their decision-making process

Abu Dhabi Fund for Development

Covid-19: Abu Dhabi Fund suspends debt repayment for beneficiary countries, companies

It covers the payment of instalments and interests over the period from January 1 to December 31, 2020

Abu Dhabi Islamic bank provides exclusive offers to healthcare workers

These offers include a reduction on the profit rate and pricing discounts on some of the bank’s financial products

Dubai reveals additional stimulus package worth Dhs1.5bn to support businesses

The stimulus package aims to support small and medium enterprises and a number of strategic sectors

How to be financially prepared amid the Covid-19 outbreak

These four financial moves can help tide you through challenging times

New M&A wave seen for Gulf banks trying to outrun virus slowdown

There are more than 70 listed banks in the six-nation Gulf Cooperation Council

Abu dhabi uae capital flag

UAE provided financial facilities worth Dhs5.8bn to non-profit organisations in Q1 2020

The Central Bank of the UAE has said that the support provided to non-profit organisations is expected to increase in 2020

DIFC Presidential Directive ends on July 31, 2020

The directive had introduced new measures for employees and businesses related to their workforce

TOPSHOT - A worker wearing a hard hat walks past a mural in Dubai on June 3, 2020. - Shopping malls in Dubai will fully reopen for business on June 3, in the latest easing of COVID-19 coronavirus restrictions, the emirate's media office announced. The step makes the glitzy city-state the first in the Middle East to drop nearly all restrictions to combat the spread of the novel coronavirus that hit retailers and leisure activities. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Messages from executives: How are regional offices reopening amid Covid-19 concerns?

With regional businesses now allowed to return back to offices, how are they handling the transition?

UAE’s Central Bank launches new deposit facility for banks

The facility is a first step towards implementing the new Dirham Monetary Framework announced earlier this year

Tether

Cryptocurrency Tether’s market valuation crosses $10bn

At the start of the year, it was valued at $4.1bn

Abu Dhabi’s virtual trading platform closes funding round

MidChains is expected to launch trading operations in 2020, subject to FSRA approval

Dubai Financial Market

Dubai Financial Market to reopen trading floor on July 7

DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic

Ian Fairservice Managing Partner and Group Editor - Motivate Media Group

Motivate Media Group and Sharjah Entrepreneurship Center launch Dhs1m fund for tech startups

The fund will provide in-kind services including marketing and advertising support across platforms of Motivate’s leading titles

Coronavirus pandemic drags global M&A to lowest level since 2012

Little more than $1 trillion of deals have been announced this year, making for the slowest first half since 2012

Indonesia lists three sukuk valued at $2.5bn on Nasdaq Dubai

The listings consist of a 10-year issuance of $1bn and two issuances of $750m each

Revealed: Key facts about the new data protection law issued by Dubai’s DIFC

The new law will cement the centre’s position as well as enhance its data protection practices

Dubai Islamic Bank lists $300m sukuk on Nasdaq Dubai

There is a total of $71.09bn sukuk now listed on the exchange

Dubai World pays $8.2bn two years early to complete debt revamp

The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World

Japan’s SMBC Nikko to open branches in Paris, Abu Dhabi

SMBC Nikko’s overseas operations earned $143m before taxes in the year ended March

saudi arabia riyadh

Saudi net foreign assets rise for first time since January

The stockpile climbed by about SAR3bn ($800m) to reach $445bn

Pakistan Stock Exchange says building under attack by gunmen

The KSE 100 index, which dropped after news of the attack, gained 0.1 per cent at 11.40am in Karachi

Haj Saeed bin Ahmed Al Lootah

Haj Saeed bin Ahmed Al Lootah, founder of Dubai Islamic Bank, dies

Sheikh Mohammed and Sheikh Hamdan paid tribute to the founder of the world’s first Islamic bank

Saudi’s Islamic Development Bank lists $1.5bn sustainability sukuk on Nasdaq Dubai

The AAA-rated sustainability sukuk is the first Covid-19 related sukuk in the global capital markets

Dubai’s Emirates Islamic offers incentives to UAE healthcare professionals

The bank is offering the Skywards Infinite Card, Etihad Guest Premium Credit Card, and the free for life Cashback Plus Visa Signature Credit Card and RTA Credit Card to healthcare professionals

Saudi bank NCB plans $15.6bn takeover of rival Samba

The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank

The way forward for GCC’s sustainable construction space

Regional governments are stepping up efforts to transition to sustainable building practices