Category: FINANCE

First Abu Dhabi Bank has proposed removing a cap on the foreign ownership limit in its sharers after the UAE started loosening rules to attract international investors. The board’s proposal is subject ... ( read original story ...)

Emirates NBD, Dubai’s largest lender by assets ... Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI's IPO was the biggest of the year at the time of its ... ( read original story ...)

DUBAI, United Arab Emirates — A small oil tanker from the United Arab Emirates travelling through the Strait of Hormuz entered Iranian waters and turned off its tracker three days ago, leading the U.S ... ( read original story ...)

Dubai Islamic Bank, the largest Islamic bank in the UAE, has posted a net profit of Dh2.753 billion ($749 million) for the first half (H1) of the year, as against Dh2.441 billion in H1 2018, marking a ... ( read original story ...)

Emirates NBD, Dubai’s largest lender by assets ... Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI's IPO was the biggest of the year at the time of its ... ( read original story ...)

UAE – Bayt.com, a leading online marketplace for jobs in the Middle East, is planning to file for an initial public offering (IPO) over the coming period, Al Bayan newspaper reported. The Dubai-based ... ( read original story ...)

Al-Borsa said EFG Hermes would manage the IPO and Zulficar & Partners would serve as legal counsel. EFG Hermes declined to comment when contacted by Reuters. The last IPO by a private company on the ... ( read original story ...)

I was recently contacted by a debt collection agency by phone on behalf of a bank in the UAE. They alleged there are outstanding credit card dues from 1997 for some Dh200,000. I left the UAE in ... ( read original story ...)

There are 49 banks under the auspices of the Central Bank of the United Arab Emirates' (CBUAE), of which 27 are foreign banks, 22 are national banks and seven are local banks that follow Shari'a ... ( read original story ...)

It “considers the UAE and MENA region as a key market and remains fully committed to continue serving clients based there.” The bank employees about 200 staff in the Dubai International Financial ... ( read original story ...)