Simple ways to leave Dubai with a fat bank account

Don't be that person who leaves Dubai bankrupt. Plan sensibly and save for the rainy day. How often have you heard about a friend who was in debt when he left Dubai? Expats come to Dubai to make money and add on to their savings, but sometimes get sucked ... ( read original story ...)

Bank ABC opens a branch in DIFC, Dubai

Bank ABC’s decision to open a branch in the DIFC comes as part of its plan to expand its international network, which already spans 18 countries in five continents. “We are pleased that the Dubai Financial Services Authority (DFSA) has granted Bank ABC ... ( read original story ...)

Expo 2020 Dubai teams up with DEWA to develop sustainability

DEWA will provide Expo 2020 Dubai with electricity and water from October 2020 to April 2021, excluding the electricity that will be generated at Expo’s site; Expo 2020 Dubai aims to have 50 per cent of its power needs supplied from a variety of ... ( read original story ...)

Dubai Stocks: First Gulf Bank (FGB:AD) Consolidating

Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are ranging. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 13.13. The projected lower bound is: 11.86. ( read original story ...)

UAE banking sector tops Gulf states for asset volume

The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE ... ( read original story ...)

UAE banks fully prepared for stricter capital regime

Dubai: The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital adequacy ratio to 15.5 per cent by 2019, according to the new central bank regulations. But with the already strong capitalisation levels ... ( read original story ...)