Month: August 2017

Publicly available data reveals that 1,500 jobs have been cut in the UAE banking sector since the beginning of 2016 alone, and market uncertainty has led to redundancies in other sectors like oil and gas, construction, tourism and retail.” But just how …
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be able to cater to 60 per cent of Dubai airports’ combined need in 2050. The revolving credit facility, which typically has a higher interest rate than standard loans, will be funded by Emirates NBD, ABN Amro, DBS Bank, Gulf International Bank …
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guidelines and regulations for UAE companies according to the statement released by the UAE Ministry of Finance. Tax Agents will also be required to register with the FTA and no one will be permitted to practice the profession if one is not enrolled in the …
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UAETF offers single security like exposure to one of the world’s premier financial and commercial hubs by investing in three UAE markets: the Dubai Financial Market, the Abu Dhabi Exchange and NASDAQ Dubai. The addition of a new authorised participant …
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The regulatory framework meant to help SMEs gain easy access to financing by creating an innovation-friendly ecosystem was launched by the Dubai Financial services Authority (DFSA) in line with the United Arab Emirates Government’s National Innovation …
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UAE. Global executives expect economic and financial volatility to be higher over the next 12 months than it was in the past year, according to the 2017 report “Views from the C-Suite” published by A.T. Kearney’s Global Business Policy Council.
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Dubai: Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya, a global communications company. The findings reveal that customers …
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Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya. The findings reveal that customers’ most preferred channel for accessing …
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A recently released study produced by Avaya and YouGov found that the bulk of UAE customers preferred to utilise digital self-service channels to access banking services, particularly through the use of a mobile app. The Customer Experience in Banking …
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Liquidity and funding pressures eased in the banking sector in 1H17 due to lower lending growth and increased government deposits in the banking system. Improved liquidity is helping to ease bank margins. Asset-quality metrics remain under pressure …
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Data provided by the Khalifa Fund shows that approximately 50-70 per cent of SMEs have had their applications for funding from conventional banks rejected and loans to SMEs account for just 4 per cent of outstanding bank credit in the UAE, significantly …
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