Federal Bank to expand overseas footprints

Federal Bank, a leading Indian private sector banks, opened its second UAE representative office in Dubai as part of a strategy to expand footprints in the Gulf to serve its fast growing overseas clients estimated at over 800,000. Yusufali MA, chairman and ... ( read original story ...)

Hedge fund stars on track for big pay days: Glocap report

Hedge funds became famous more than a decade ago for delivering ... The Swede, who is the Race to Dubai leader, also won a silver medal at the Rio Olympics. "It is a great honor to join the exclusive club of people who have been awarded honorary life ... ( read original story ...)

Ministry of Finance to host Innovation Festival

The UAE Ministry of Finance will hold an Innovation Festival, as part of the UAE Innovation Week. Taking place over two days, the Innovation Festival will include a range of workshops and discussions for business innovators and entrepreneurs, and young ... ( read original story ...)

Central Bank governor expects UAE economy to expand in 2017

The UAE Central Bank governor Mubarak Al Mansouri said that he expects the country’s economy to expand next year at a faster pace, giving a boost to flailing bank growth. "If we look at expected GDP growth of 2.4 per cent from 2.2 this year, I think ... ( read original story ...)

Dubai construction duo Arabtec and Drake & Scull reduce losses

Arabtec said the financial impact of discontinued operations in Saudi Arabia is expected to decrease further after recording a third-quarter loss of 17 million dirhams on the business, against a 79 million dirham loss a year earlier. ($1 = 3.6729 UAE ... ( read original story ...)

UAE Indian banks NOT accepting old Rs500, Rs1,000

Indian financial experts in Dubai have rebutted the rumour spreading on social media about depositing the demonetised 500 and 1,000 rupee notes in a representative office of State Bank of India in Dubai. The Institute of Chartered Accountants of India ... ( read original story ...)