Dubai Financial Market : DSI tops DFM on board resolution

Dubai – Mubasher: The latest resolution of the Drake and Scull International’s (DSI) board has reflected positively on its stock on the Dubai Financial Market (DFM) on Tuesday. At Tuesday’s pre-closing, DSI’s stock rose 2% to AED 2, being the most ... ( read original story ...)

Iran Woman Cyclist Joins UAE Club

Iranian cyclist Mandana Dehghan has joined the UAE’s women’s cycling team Al Asayl. Dehghan is the first-ever Iranian woman cyclist to join a foreign cycling club, Tasnim News Agency reported. She will participate in a cycling competition in Thailand ... ( read original story ...)

UAE ranked world’s third strongest nation brand

The UAE has been ranked the world’s third strongest nation brand in a report released by valuation consultancy Brand Finance. The emirates scored 88.8 for brand strength in the sub-list placing it behind Singapore and Switzerland but ahead of Hong Kong ... ( read original story ...)

Stable banking system

DUBAI – Robust credit growth underpinned by strong capitalisation, stable funding and liquidity conditions. These are economic indicators cited by Moody’s Investors’ Service that it said will help the United Arab Emirates banking system to be as ... ( read original story ...)

Jassim Al-Seddiqi: The new face of Arabian Gulf finance

In just a few years, Jassim Al-Seddiqi has become the “go to” financier in the UAE capital Abu Dhabi, and made the company he runs — Abu Dhabi Financial Group (ADFG) — one of the most important investing institutions in the Arabian Gulf. ( read original story ...)

UAE’s Mashreq launches digital-only bank

Mashreq has launched a full service bank that will have no branches as it embarks on a digital transformation to appeal to a new generation of people. Computer Weekly takes a look at how some of the world's biggest financiial brands have moved to the cloud ... ( read original story ...)

UAE problem loans to rise, Moody’s warns

LONDON: Problem loans in the UAE’s banking sector are set to rise by the end of 2018, ratings agency Moody’s Investors Service warned, blaming “sluggish” economic growth seen this year. The agency has forecast that non-performing loans could reach ... ( read original story ...)

Diamonds make case for diversification

It is backed by investors including Temasek, the sovereign wealth fund of the jurisdiction ... whether that is in places such as London, Mumbai, Dubai, Hong Kong or Singapore. There are also a settlement system in place. The difference from the LME ... ( read original story ...)