UAE's first food bank opens in Dubai

Dubai: Dubai Municipality opened the UAE's first Food Bank off Al Khail Road in Al Quoz this morning. Hussain Nasser Lootah, director general of Dubai Municipality officially inaugurated the Food Bank that includes two refrigerated containers to store dry ... ( read original story ...)

Dubai index jumps with Emaar shares, bucking trend

Dubai: Dubai index jumped with Emaar Properties on Tuesday, bucking the regional trend, and shares of Gulf Finance House also rebounded. The Dubai Financial Market General Index closed 0.92 per cent higher at 3,495.82. Traded value jumped to Dh380 million. ( read original story ...)

UAE not keen on Adnoc IPO like Aramco, energy minister says

The United Arab Emirates has not seen a need for or discussed the listing of state-run Abu Dhabi National Oil Company (Adnoc) — similar to Saudi Aramco’s scheduled initial public offering (IPO) — the country’s energy minister Suhail Mohammad Al ... ( read original story ...)

Investment bank Houlihan Lokey to open Dubai office

Houlihan Lokey sees opportunities in the region to bring in outside capital whether it is from insurance companies, hedge funds, private equity or others, Arun Reddy, a managing director of the firm currently based in London, who will relocate to Dubai to ... ( read original story ...)

Conservative lending curtails profitability of UAE banks

according to UAE Banking Pulse, an analysis of key data of top 10 banks by Alvarez & Marsal (A&M), global professional services firm. In 2017 the UAE banks are expected to report mid to high single-digit growth in assets while maintaining costs to income ... ( read original story ...)

Dubai Financial Market : Women Establishment signs MOU with DFC

Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women's participation on the boards of listed companies. The agreement will enable both parties to exchange knowledge and expertise, as ... ( read original story ...)

Dubai Women Establishment signs MOU with DFC

Dubai Women Establishment has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFC) to enhance women’s participation on the boards of listed companies. The MoU was signed by Mona Al Marri, chairperson of the board of Dubai Women ... ( read original story ...)

Digital finance can add $3.7tr to GDP of emerging economies

Dubai: Adoption of digital financial solutions could revolutionise financial inclusion that could turbocharge growth in emerging economies, adding up to 6 per cent or 3.7 trillion to GDP by 2015, benefiting billions of people according to a report by the ... ( read original story ...)

Digital Finance Can Turbocharge Growth In Emerging Economies

Economic growth suffers. But a solution is literally at hand. Digital finance—financial services delivered via mobile phones, the Internet or cards linked to a digital payment system—could be a boon to individuals, businesses, and governments across ... ( read original story ...)