Dubai: Customer satisfaction among customers of UAE banks surged to a new high in 2017, with 93 per cent of retail banking customers indicating they are satisfied with the performance of their main bank, according to the UAE Banks Federation (UBF) Trust …
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Trust in UAE Banking Sector Remains High at 68%
Trust Index Survey 2017 reveals consumer confidence remains steady and robust, with 93% of UAE retail banking customers satisfied with the performance of their main bank The UAE Banks Federation (UBF) has unveiled the results of its 2017 Trust Index annual …
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More UAE consumers now pay with credit, debit cards instead of cash
Dubai: For many people in the UAE … For one, there will be less time spent on banking, as well as on transactions at the shops. And what’s more, there will be less incidence of cash-related crime. “Consumers across 100 cities could achieve nearly …
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UAE banks may hike fees to offset additional VAT costs
“We believe it quite probable that banks will eventually be forced to increase prices to their customers to maintain their current profitability,” Clare McCol, partner, head of Indirect Tax at KPMG, wrote in ‘UAE banking perspectives 2018’, report.
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Trust in banking UAE sector remains high at 68 per cent
The results of this year, which provide a comprehensive overview of consumer confidence, showed that trust levels remain high, with 68 per cent of respondents stating their trust in the banking sector. In addition, 93 per cent of UAE retail banking …
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UAE regulator orders money exchange houses to raise standards
Money exchange houses in the United Arab Emirates have been ordered by the central bank to raise their standards, after several banks cut ties with them due to concerns about the risk of illicit financial flows. The UAE’s huge expatriate workforce and …
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UAE attracts $10.3 billion FDI in 2017
according to the UAE Central Bank. The forthcoming Annual Investment Meeting will focus on accelerating FDI flows across the world and explore new ways to boost investment and trade,” said Dawood Al Shezawi, the CEO of AIM. A recent report by Bank …
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Dubai’s Damac to hire Barclays, HSBC for possible sukuk – sources
Damac Properties hired banks including Barclays and HSBC Bank for a possible sale of US dollar-denominated Islamic bonds, according to people familiar with the matter. The second-largest listed real estate developer in Dubai is expected to hire more banks …
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Dubai Properties begins handover of Mudon’s Arabella townhouses
Dubai Properties has announced the on-time completion of its Mudon’s Arabella townhouses, located in Dubailand. In a statement, the developer said that it has set up the Handover Gallery to welcome residents and ensure a seamless move-in process.
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Sharjah Islamic Bank hires HSBC, StanChart for benchmark dollar sukuk -sources
DUBAI (Reuters) – Sharjah Islamic Bank SIB.AD has mandated HSBC and Standard Chartered to coordinate the potential sale of dollar-denominated sukuk, sources familiar with the matter said. The Islamic bonds will be of benchmark size, which normally means …
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City Centre Sharjah Transforms With Contemporary Design, More Dining Options and 22 New Stores
Majid Al Futtaim—the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia—unveils today a vibrant and holistic shopping experience at City Centre Sharjah with the opening of its extension, which boasts …
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Kingsgate Hotel Abu Dhabi By Millennium Celebrates 10th Anniversary
Kingsgate Hotel Abu Dhabi, part of Millennium Hotels and Resorts, marked its 10th year in the hospitality industry with a continued commitment to providing comfort, service, and efficiency to corporate and leisure travelers looking for convenient and …
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DCT Abu Dhabi To Organise Seminars On Translation, Reading And Narration
The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, will be participating in the 34th edition of the Tunis International Book Fair, with a cultural programme packed with activities, events, seminars and interviews with Emirati writers and …
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Abu Dhabi ‘set to become major pharma investment hub’
Abu Dhabi Global Market (ADGM) and the Department of Health (DoH) have entered into an agreement of cooperation and delegation to establish a mutual strategic framework and collaboration between governmental entities. The agreement strives to enhance the …
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Saadiyat Rotana Resort & Villas launches in Abu Dhabi
The Island is also envisaged as a centre for breath-taking cultural and heritage experiences, home to world-class museums including the Louvre Abu Dhabi. “We are very excited to be launching the first phase of Saadiyat Rotana Resort & Villas which is set …
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How taking photos of UAE accidents can get you arrested
He also noted that there are authorities responsible for posting news that are based on facts. Al Nuaimi added that authorities are monitoring social media sites that could harm the general public, while affirming that the Abu Dhabi Police, through its …
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Gold prices rise, 24k priced at Dh160 in Dubai
Meanwhile, 24k gold is priced at Dh160.50 and 22k can be bought at Dh150.75 in Dubai. After falling in the past three … eased 0.2 percent to 89.988. Hedge funds and money managers increased their net long positions in COMEX gold contracts in the …
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