Standard Chartered Bank announced on Tuesday the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore, Taiwan in 2016 and …
( read original story …)
Dubai Islamic Bank 1st Quarter 2017 Net Profit reaches AED 1.042 Billion
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first quarter results for the period ended March 31, 2017. 1 st Quarter Results Highlights: Sustained …
( read original story …)
Aramco board to meet in Shanghai as it seeks Chinese investors for IPO
DUBAI, April 10 (Reuters) – Saudi Aramco’s board will meet in … Aramco has appointed international banks with access to Chinese investors to advise on the initial public offering (IPO) . The issue of Aramco’s IPO and a potential role for Chinese …
( read original story …)
Emirates NBD Capital caps UAE’s first IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
( read original story …)
Three UAE banks to disclose financial statements for Q1 2017 this week
Three UAE banks have announced plans to declare this week their financial data for the first quarter of the year 2017. The declaration, made by the Dubai Islamic Bank, Mashreq Bank and Union National Bank, listed on ADX, comes in line with the directives …
( read original story …)
UAE banks’ points system adds up to promising future for Emiratis
Vice President of the UAE and Ruler of Dubai. Recently it was reported that more than 900 Emirati men and women were employed by banking and financial institutions in just 75 days through government accelerators. This is an incredible achievement and sets …
( read original story …)
Spot interviews for bank jobs
Dubai: Noor Bank is participating at the annual Careers UAE as part of its strategic objective to bring on board talented Emiratis for key positions. The bank personnel are on hand at the bank’s stand — 7A-5, to conduct on-the-spot interviews and …
( read original story …)
UAE banks’ first quarter profit and asset growth likely to remain soft
Dubai: Expectations on UAE banks are modest as they start declaring first quarter results from this week. However, banking analysts expect to see signs of improvement in asset quality and profitability starting this quarter. With most banks continuing …
( read original story …)
UAE Ministry of Finance signs MoU with Sabah Al-Ahmad Center for Giftedness and Creativity
As part of its commitment to strengthen joint cooperation and exchange expertise on innovation, the UAE Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC). The signing took …
( read original story …)
Dubai Financial Market : UAE stocks may see buying from foreigners, institutions
Dubai – Mubasher:UAE stocks are likely to see further selective buying by foreign and institutional investors on Tuesday ahead of first quarter disclosures and despite the decline in oil prices, GCC market analyst Mohamed Al Ahbaby told Mubasher.
( read original story …)
Dubai Police foil Sharjah bank robbery, arrest three
Dubai: Dubai Police foiled a bank robbery by arresting three men just hours before they were to attempt the heist, police said on Thursday. Major-General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs …
( read original story …)
Dubai’s Noor Bank to get new CEO – sources
The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets, said John Iossifidis was leaving …
( read original story …)
Traded volume peaks in First Abu Dhabi Bank as rally continues
Dubai: More traders participated in the newly formed First Abu Dhabi Bank boosting liquidity in the once illiquid stock on inclusion in the FTSE emerging market index, causing a surge in the Abu Dhabi index on Wednesday, and making it a regional leader.
( read original story …)
Emirates NBD Capital Completes UAE's First IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
( read original story …)
One Financial Markets Celebrates 10 Years with New Office and Regulatory Status in Dubai
London based broker One Financial Markets has further cemented its presence in the Middle East with new regulatory approval from The Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Finance Centre (DIFC).
( read original story …)
First Abu Dhabi Bank is UAE’s largest lender
The largest bank in the UAE was born on April 1 as Abu Dhabi-based National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) completed their widely discussed merger. The new combined bank has been named First Abu Dhabi Bank and it will have assets in …
( read original story …)
UAE ministry to use e-Dirham for payments to DHA
UAE’s Ministry of Finance (MoF) signed an agreement with Dubai Health Authority (DHA) to adopt the e-Dirham system and e-Dirham cards as a means of paying for government services provided by DHA. The Memorandum of Understanding (MoU) was signed by Saeed …
( read original story …)