The cumulative net income for the three months to the end of June climbed to Dh12.6 billion ($3.43bn), the consultancy said in its UAE Banking Pulse report on Wednesday. Total net interest income for …
( read original story …)
UAE central bank urges Islamic Financial Institutions to appoint Emiratis as trainees
In line with the leadership’s vision and the CBUAE’s commitment to implement the Emiratisation strategy in the financial sector, the Higher Shari’ah Authority at the CBUAE (“HSA”) has issued a …
( read original story …)
UAE health firm Burjeel plans Saudi expansion as IPO nears
United Arab Emirates healthcare provider Burjeel Holdings, established under VPS Healthcare, on Wednesday announced plans to expand into Saudi Arabia ahead of its initial public offering (IPO) later …
( read original story …)
Hedge Fund Titans Remember Julian Robertson as ‘True Mentor’Hedge Fund Titans Remember Julian Robertson as ‘True Mentor’
Julian introduced me to my wife Amy and his love affair with his beloved Josie was the inspiration for my marriage. We named our second son Julian in his honor. Julian was a legendary investor and a …
( read original story …)
Mobile app downloads in the UAE jump 23% in first half amid higher consumer demand
Mobile app downloads in the UAE grew by 23 per cent annually in the first half of 2022 as smartphone use increased due to the coronavirus pandemic. Finance-related apps registered a surge in demand, …
( read original story …)
Emirates NBD joins United for Wildlife Financial Taskforce, supports fight against illegal wildlife trade
EMirates NBD joins more than 50 global peers who are members of the United for Wildlife Financial Taskforce, which was formed in 2018.
( read original story …)
CBUAE urges IFIs to appoint UAE nationals as trainee members
In line with the leadership’s vision and the CBUAE’s commitment to implement the Emiratisation strategy in the financial sector, the Higher Shari’ah Authority at the CBUAE (HSA) has issued a Resolutio …
( read original story …)
Top UAE banks rebound in Q2
Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
( read original story …)
UAE: I received a bounced cheque, should I file a police report?
According to the new UAE law decriminalising bounced cheques – Federal Decree Law No. (14) of 2020 – individuals who issued cheques due to insufficient funds no longer face crim …
( read original story …)
Alvarez & Marsal releases Q2 2022 UAE Banking Pulse
Leading global professional services firm Alvarez & Marsal (A&M) has released its latest United Arab Emirates (UAE) Banking Pulse for Q2 2022. The Pulse suggests that the top ten UAE banks have …
( read original story …)
Top ten UAE banks net income jumps 24.4pc to $3.43bn
The UAE banking sector’s NIM noted an improvement as the benchmark interest rate increased. Although NIM increased to 2.3% it is still below the pre-pandemic levels of 2.6%. Th …
( read original story …)
UAE: Indian rupee falls in early trade against UAE dirham
The Indian rupee depreciated four paise to 79.87 against the US dollar (21.76 versus the UAE dirham) in opening trade on Wednesday, tracking the strength of the American currency in the overseas …
( read original story …)
The UAE and its Wealth Management Markets: Making Good Progress
A Pre-Event Survey in Advance of the Hubbis Wealth Solutions Forum 2022. The powers that be, the regulators and the private sector participants overseeing and operating in the UAE’s wealth management …
( read original story …)
Huspy acquires UAE’s Just Mortgages and Finance Lab
Twin acquisition to give Huspy further reach and distribution in the UAE mortgage sector ● Earlier in 2022, Huspy acquired mortgage business Home Matters and completed $37 million Series A round Dubai …
( read original story …)
Best Online Casinos in the UAE: Top 14 UAE Real Money Casino Sites Online
Our team of experts has put together a list of the best online casinos UAE players can sign up to. Come and see who made the cut.
( read original story …)
UAE’s teen-focused fintech Zywa raises $3m in seed funding
Zywa functions as a gamified banking app that also helps teens with financial planning Dubai: Zywa, a fintech startup focusing on teens, has announced a seed funding of $3 million. The company, a part …
( read original story …)
UAE: Crowdfunding savings platform launched based on Jam’iya system
Latifa bin Haider, the founder of Bayutki, said she created the platform on the principles of the pre-existing Jam’iya system. Like a chit fund, the Jam’iya system is where several people decide to …
( read original story …)