FINANCE

U.N. Nuclear Inspectors' Visit to Iran Is a Failure, West Says

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DUBAI, United Arab Emirates — American and European officials said Friday that a mission by international nuclear inspectors to Tehran this week had failed to address their key concerns, indicating that Iran's leaders believe they can resist pressure to open up the nation's nuclear program. (read more…) Related items Leading Project, Islamic Finance Lawyer...

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UAE, Qatar ban funding trade with Iran

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(MENAFN) Bankers said that the central banks of UAE ordered lenders to halt financing trade with Iran, following international sanctions imposed on the country over its controversial nuclear … (read more…) Related items Qatar, UAE stop trade finance to Iran on sanctions; Bahrain silent UAE- Emaar Properties Signs New Dhs3.6bn Financing Facility Emaar draws...

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UAE- ABN Amro's ID&JG opens Dubai office

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(MENAFN – Khaleej Times) The Dubai Multi Commodities Centre, or DMCC, the licensing authority for the Jumeirah Lakes Towers Free Zone, has announced that ABN Amro Bank's International Diamond and … (read more…) Related items Business : ABN Amro’s ID&JG opens Dubai office China's top political advisor says to enhance co-op with UAE UAE-...

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UANI Applauds UAE and Qatar Central Banks for Restricting Finances to Iran, Renews Call on SWIFT

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United Against Nuclear Iran President, Ambassador Mark D. Wallace, issued the following statement Friday regarding the actions of the Central Banks of UAE and Qatar to stop (read more…) Related items U.N. Nuclear Inspectors' Visit to Iran Is a Failure, West Says UAE, Qatar ban funding trade with Iran UAE- ABN Amro's ID&JG opens...

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The Choice on Nuclear Power

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BRAKA, United Arab Emirates—The United Arab Emirates, one of the wealthiest nations in the world, is a land of firsts. Dubai, its richest city, has the first indoor ski slope and the first “seven star” luxury hotel. Abu Dhabi, its capital, has the first roller coaster capable of traveling from zero to 60 mph...

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Business : DIFC, Luxembourg for Finance to develop financial services in GCC

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DUBAI – The Dubai International Financial Centre, or DIFC, the financial and business hub connecting the region’s emerging markets with the developed markets of Europe, Asia and the Americas, on Tuesday hosted ‘Luxembourg & Dubai, a partnership for financial services’, in collaboration with Luxembourg for Finance, a public-private partnership between the Luxembourg Government and...

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Abu Dhabi's Waha Capital reports USD25.31m profit in Q4

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(MENAFN) Abu Dhabi-based Waha Capital reported 46 percent decline in fourth quarter profits, citing a one-time gain in its year-ago results for the drop, Reuters reported. Waha said it made a net … (read more…) Related items Business : DIB posts Dh1.01b net profit in 2011 UAE- Tamweel reports 2011 net profit of Dhs102m...

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Qatar, UAE stop trade finance to Iran on sanctions; Bahrain silent

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The central banks of UAE and Qatar have told lenders to stop financing trade with Iran, bankers said yesterday, cutting another source of credit for a country struggling under Western economic sanctions imposed over its nuclear programme. (read more…) Related items UAE, Qatar ban funding trade with Iran UAE- Emaar Properties Signs New Dhs3.6bn...

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Business : DIB posts Dh1.01b net profit in 2011

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DUBAI — Dubai Islamic Bank (DIB), the first and the largest Shariah-compliant bank in the UAE, said on Thursday that it recorded a 25 per cent rise in net profit in 2011 compared to the previous year. (read more…) Related items Business : National Bank of Fujairah’s nine-month profit rises 54% Business : Tamweel’s...

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Central Bank of Bahrain Launches International Banking Account System

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(MENAFN – Qatar News Agency) The Central Bank of Bahrain (CBB) has launched today the International Banking Account System (IBAN) which becomes applicable in all 29 retail banks in the Kingdom of … (read more…) Related items UAE's money supply up towards late 2011 UAE's CB plans to set new rules for credit cards...

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