Abu Dhabi: The UAE Central Bank has decided to amend retail-banking rules related to personal loan and other services provided to individuals. Under the new rule, the bank set new terms and …
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Central Bank amends rules on loan transfers
Dubai: The UAE Central Bank is amending rules on loans given out to individual clients across the country, and specifically on the transfer of loans from one bank to another. As per a decision to …
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ICC-UAE banking commission achieves milestones
DUBAI, 30th October, 2018 (WAM) — The UAE chapter of the International Chamber of Commerce, ICC-UAE, has announced that three of its Banking Commission members, Atif Raza , Head of Trade Sales, Comme…
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Dubai bank Emirates NBD posts 16% rise in Q3 profit
Emirates NBD (ENBD), Dubai’s largest lender, posted a 16 per cent rise in third-quarter net profit on Tuesday as net interest income jumped and impairments for bad loans eased. The bank made a …
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Dubai to open first skin bank in Arab region
(MENAFN – Khaleej Times) Dubai is in the process of setting up a skin bank, the first in the region, which will be used in grafting of burn cases and other patients in need. In an interview, Dr …
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UAE sets up new unit to probe illicit financial activity
Sheikh Hamdan bin Rashid Al Maktoum, deputy ruler of Dubai and Minister of Finance … as per the regulations set out by the Central Bank.
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Why UAE residents are opting for personal finance from Islamic banks
The UAE residents’ preference for Islamic banks products such as … Wasim Saifi, Deputy CEO for Consumer Banking and Wealth Management at Emirates Islamic bank, said penetration level of Islamic bank…
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Rain in Dubai, Sharjah, Ajman
Footage by Sankha Kar/Gulf News The weather bureau issued a red alert about rough seas from 10am to 11pm for the coastline from Ras Al Khaimah all the way to Dubai, and warned people to “be …
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Dubai named shelter for evacuated UN employees
United Nations employees who are evacuated in times of crisis or natural disasters in 10 countries across the Middle East and East Asia will be transported to Dubai, an official said on Tuesday …
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Smart Dubai, IBM launch major blockchain platform for the UAE
Dr Aisha Bint Butti Bin Bishr, director general of the Smart Dubai Office (SDO), said: “Dubai has been a pioneer in blockchain technology since its inception, while other major cities around the world …
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Dubai agents expect property prices, rents to decrease up to 5% in Q4
Chestertons said it expected new supply in the next six months to be focussed in Business Bay, Jumeirah Village Circle, Dubai Sports City, Dubai Silicon Oasis and Town Square. The company …
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Dubai’s Emirates introduces Airbus A380 on Hamburg, Osaka routes
Dubai carrier Emirates expanded capacity on … The EK316/317 service to Osaka has 489 seats, with 399 in economy, 76 in business and 14 in first class. The EK061/062 Hamburg service has 517 …
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Dubai Duty Free sales expected to reach $2bn in 2018
Retail sales at Dubai Duty Free (DDF) are expected to reach $2 billion this year, according to executive vice chairman and CEO Colm McLoughlin. In a statement to Arabian Business, McLoughlin said the …
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UAE Ranks First Globally In Islamic Economy
The UAE ranks top globally across five Islamic economy sectors, according to a report that forecasts Islamic finance assets would surge to $3.8 trillion while global Muslim spend on food and beverage …
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China-UAE Conference on Islamic Banking & Finance to Kick Off in November With Huge Global Participation
Hamdan Bin Mohammed Smart University (HBMSU) announced the completion of preparations for the launch of the China-UAE Conference on Islamic Banking and Finance (CUCIBF III) for the third consecutive y…
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UAE passes law to combat money laundering, terror financing
FATF is an international organisation that sets global standards for fighting illicit finance. The UAE has been tightening its financial regulation to try to close regulatory gaps and overcome a …
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IBM, Dubai launch blockchain platform
US technology firm IBM on Tuesday announced the launch of a blockchain platform in partnership with the Dubai government. The Dubai Blockchain Platform is described as the first government …
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