Dubai: Liv., the lifestyle digital bank by Emirates NBD targeted at millennials has completed its first year of operations acquiring 100,000 customers, becoming the fastest growing bank in the UAE. Leveraging on in its success in the UAE, the bank has …
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Dubai-based Bitcoin exchange suspends UAE dirhram withdrawals
BitOasis was founded by Jordanian entrepreneur Ola Dudin back in 2014 and currently operates in the UAE, Saudi Arabia and Kuwait. In January, 2018, the bank also suspended withdrawals to Emirates NBD, Noor Bank and Mashreq bank account holders. Subscribe …
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Video: Julius Baer, the Middle East, and banking for the world’s ultra-rich
Speaking to Arabian Business during a visit to the Julius Baer office in Dubai International Finance Centre, CEO Bernhard Hodler says the bank has long been committed to serving the needs of the Middle East’s – and in particularly the Gulf’s – UHNWIs.
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Dubai among global top 5 for economic performance
The monetary policy and the exchange rate regime adopted by the UAE Central Bank have been particularly effective in achieving economic stability and in enabling the local economy to keep pace with global economic changes. In its preparations for the …
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PNB tried cover up before Nirav Modi scam exploded: Transferred staff at Hong Kong, Dubai for revealing irregularities
New Delhi: Just months before the Nirav Modi scam tumbled out, Punjab National Bank (PNB) quietly recalled two employees, both internal auditors posted at the lender’s Hong Kong and Dubai branches after they exposed a deep rot within its banking system.
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Ajman Bank :’s board recommends capital raise
Dubai – Mubasher: Ajman Bank ’s board has proposed the increase of the bank’s capital in two phase. The first phase includes the increase of the paid-up capital within the AED 2.1 billion authorised capital, according to a bourse statement released on …
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Dubai’s Hopscotch secures investment to go global
We have since worked with brands big and small as well as playing a part in the UN Women’s Empowerment Taskforce in the UAE, and this is just the start of our plans for Hopscotch’s expansion and digitisation.” With the new research from Hopscotch and …
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Ajman Bank :’s profit surges 31% in Q1
Dubai – Mubasher: Ajman Bank has reported a 31% increase in net profit during the first quarter of 2018. The bank’s net profit registered AED 34.02 million ($9.26 million) in Q1-18 versus AED 26 million in the year-ago period, according to an official …
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Abu Dhabi’s Adnoc Is in Talks With Baker Hughes About Drilling Partnership
Baker Hughes, a GE Co., is in talks with Abu Dhabi National Oil Co. to set up a partnership that could lead to the U.S. firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter.
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Revealed: The most dangerous day to drive in UAE
Dubai: Regardless of whether residents fast during Ramadan or not, motorists should always drive with caution and adhere to traffic rules at all times. A new survey released on Monday identified the driving habits of UAE drivers during Ramadan, and …
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Dubai tops Arab world in economic performance, study finds
The Dubai Competiveness 2018 report compared the emirates with 63 economies around the world based on 346 different competitiveness indicators. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai …
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Hundreds stuck in UAE traffic as dusty weather continues; flights back to normal
Dubai: Hundreds of commuters and motorists were stuck in major traffic jams during the morning rush hours on Monday as the UAE’s dusty weather continued, but flights operating in and out of Dubai have returned to normal. Residents experienced some …
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Yemen, UAE reportedly reach deal over island
to withdraw the UAE forces from the strategic Socotra Island, according to Yemen’s official Saba news agency. Tensions have mounted between Yemen and the UAE in recent days, when the latter sent a military force to Socotra without prior coordination with …
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UAE’s Dana Gas agrees with creditors on $700 mln sukuk restructuring
DUBAI: Energy producer Dana Gas reached agreement with creditors … Its shares jumped 4.8 percent in early trade on Sunday in response to news of the deal, which it said could cut its debt by up to $385 million.
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US and UAE sign agreement to resolve Emirates, Etihad subsidy claims
The United States and United Arab Emirates signed a deal on Friday to resolve US claims that Gulf carriers have received unfair government subsidies, the US State Department said. The voluntary agreement, which applies to Etihad and Emirates airline …
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Expo 2020 Dubai spending to drive growth in Dubai economy, says IMF
In the long term, Tamirisa said that VAT is expected to raise revenues by 1.5 percent of GDP. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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United Arab Emirates shares mixed at close of trade; DFM General up 0.36%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Services, Finance & Investment and Transport sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Telecoms …
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