Wednesday 19 September 2018

Nasdaq Dubai, OBG partner for financial analysis

Nasdaq Dubai and Oxford Business Group (OBG) have announced that they will collaborate to bring high quality financial intelligence and economic analysis to investors and the business community, a media report said. OBG will launch its authoritative 'The Report: Dubai 2019


UAE govt spending reaches $2.84bn in Q2

The value of spending of UAE federal authorities increased to around Dh10.44 billion ($2.84 billion) during the first quarter of 2018, a surge of 17 per cent compared to Dh8.92 billion during the same period in 2017, a media report said. The level of commitment to implementing th


Dubai non-oil foreign trade tops $175bn in H1

Dubai’s non-oil foreign trade recorded Dh645 billion ($175.5 billion) in the first half of 2018, an increase of Dh5 billion from 2017 figures, a media report said. Dubai’s re-exports registered a Dh24 billion increase and grew 14 per cent to Dh203 billion, which refle


Investcorp launches debut investment in China

Investcorp, a global provider and manager of alternative investment products, has announced its first private equity investment in China since its inception in 1982.   Investcorp has partnered with China Everbright Limited, a reputable sovereign-backed cross-bor


Abu Dhabi DED, ADGM partner for innovation

The Department of Economic Development (DED) in Abu Dhabi and Abu Dhabi Global Market (ADGM) have signed an agreement to provide more integrated support for innovators and technology enterprises.  The partnership will support various key industries leveraging the Technology


ADGM launches digital sandbox to spur services

Abu Dhabi Global Market (ADGM) has launched a FinTech digital sandbox, which allows financial institutions, FIs, and FinTech innovators to come together to experiment on products and solutions in a digital platform environment, a media report said. The initiative is supported by


Saudi’s PIF invests over $1bn in US electric carmaker

Saudi Arabia’s Public Investment Fund (PIF) has executed an investment agreement for more than $1 billion with US-based electric automaker Lucid Motors through a special-purpose vehicle wholly owned by PIF. Under the terms of the agreement, the parties made binding undertak


Sico gets key Dubai Financial Market accreditation

Sico, a leading regional asset manager, brokerage, and investment bank, has been accredited to provide liquidity and act as market maker for companies listed on Dubai Financial Market (DFM). Its functions will include making bids and offers for shares available, identifying the v


Ithmaar, Eazy Financial Services to launch biometric payment network

Ithmaar Bank and Eazy Financial Services today announced plans to launch the region’s first biometric payment network, supported by the Labour Fund “Tamkeen”, providing a new and more efficient alternative for customers to conduct many of their financial transactions.


Over 1,000 participants attend FinTech Abu Dhabi Summit

Abu Dhabi Global Market (ADGM), the award-winning International Financial Centre in Abu Dhabi, today concluded its second edition of FinTech Abu Dhabi Summit under the patronage of HH Sheikh Hazza Bin Zayed Al Nahyan.   The two-day event was well-attended by over 1,000 partic

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