Tuesday 17 September 2019

Investcorp acquires ticketing software company

Bahrain-based Investcorp, a leader in alternative investment, has signed an agreement to acquire Italy’s Ticket Holding (Vivaticket), a top provider of ticketing software solutions to the leisure, culture and tradeshow industries. Investcorp will acquire the company from co


Dubai Startup Hub launches 4th networking series

Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, in cooperation with Area 2071, recently kicked off the fourth edition of its weekly networking series. The event brings together stakeholders from the Dubai startup ecosystem and features inspirational ta


EY launches online talent marketplace

Professional services firm EY has announced the launch of GigNow in the Mena region, an online platform that connects people seeking short-term contracts (gigs) with opportunities at EY. Advancements in workplace technology enable freelancers to access job opportunities that allo


UAE banking sector shows steady growth in Q2: report

The overall operating income across the UAE’s banking sector improved marginally from Q1 2019, largely driven by consolidation activity in the sector as the merger of ADCB with Al Hilal Bank and UNB completed in the spring, a report said. The headline figures also hide a di


UAE residents ‘saving less money than a year ago’

Nearly 58 per cent of UAE residents are saving less money than were a year ago, said yallacompare, a leading comparison site in the Middle East, in a new report. That represents a sizeable increase on the previous quarter, when 53.6 per cent of respondents said the same thing and


Oman's export agency Ithraa names new CEO

Oman-based Ithraa, a leading inward investment export development agency, has appointed Azzan Al Busaidi as its new chief executive officer.   Founded in 1996, Ithraa is a government-run organisation that provides a range of support services and information to h


UAE groups plan $10bn investment in Bangladesh

Leading UAE business groups have announced plans to invest a total of $10 billion into Bangladesh, in a major boost to the country's economy which last year grew at 7.9 per cent, said a report.   Bangladeshis are major investors in the UAE economy where more


ADX distributes $7bn in cash dividends to investors

Abu Dhabi Securities Exchange (ADX) announced that it has distributed more than Dh25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies.   In comparison to the 2018 dividends, the 6.95% increase demonstrates the attractiven


Trust in UAE banking sector rises to 74pc: UBF

Seventy-four per cent of the respondents to a survey had high trust in the UAE banking sector, up from 68 per cent in 2017, said the UAE Banks Federation (UBF) in its 2018 Trust Index Survey. This is the fourth consecutive year UBF carries out this survey. The surv


DFM launches e-service for dividend payout

The Dubai Financial Market (DFM) has launched the "myAccount" service, an electronic account that enables investors to transfer dividend amounts to their iVESTOR Card accounts, bank accounts, as well as to pay for IPOs and right issues subscription. Essa Kazim, chairman

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