Shuaa Capital will look to procure a license to offer IPO Management services, the Dubai-based investment bank has announced. The company will look to offer services in “investment management, promoti…
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Traded value in Dubai tumbles ahead of holidays
Traded value fell to Dh39 million on Sunday compared to more than Dh100 million last week. The Dubai Financial Market general index closed 0.44 per cent higher to 2,815.79. Emaar Properties closed 0.8…
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UAE markets further diverge in opposite directions
Dubai: Last week the Dubai Financial Market General Index (DFMGI) fell by 116.79 or 4 per cent to end at 2,803.32. This was the largest one-week drop since November of last year and it occurred as the …
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United Arab Emirates shares mixed at close of trade; DFM General up 0.44%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Banking and Insurance sectors propelled shares higher while losses in the Services, T…
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Shuaa to seek licence for investment and IPO management
Shuaa Capital, the investment bank in which Abu Dhabi Financial Group is the biggest shareholder, is seeking a license to add investment and initial public offering management in the UAE to its list o…
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Moody’s: UAE’s Top Four Banks’ Profits to Remain Stable Into 2019
The UAE’s top four lenders First Abu Dhabi Bank(FAB), Emirates NBD as well as Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB) posted a 21 per cent increase combined net profit of AED 8 b…
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When does a bank file a travel ban for loan defaults?
… whether this will affect me or if I will have a defaulter case or any issues if I try to come to the UAE. I have spoken to the bank and they say they have not issued a travel ban but I am concerne…
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Bahraini bank eyes ‘milestone’ move to expand Saudi operations
Bahrain-based Gulf International Bank (GIB) has announced further progress in the implementation … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories …
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Dubai regulator probes Abraaj Capital, stops it from taking on new work
Dubai’s financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into …
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In the Wake of the Ongoing Floods in Kerala; UAE Exchange and Unimoni Waive Service Fee on Remittances to Kerala Chief Minister’s Distress Relief Fund
ABU DHABI, United Arab Emirates — Leading money transfer, foreign exchange and payment solutions brands, UAE Exchange and Unimoni, have waived service fee on remittances to Kerala Chief Minister’s Dis…
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UAE’s four biggest banks see combined profit rise of 21%
Profitability for the banks, which include First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank, is likely to continue into 2019, the data showed. The UAE’s four larges…
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UAE’s top-four banks to maintain stable profitability into 2019, report says
First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank and Dubai Islamic Bank posted a combined 21 per cent year-on-year increase in second quarter net profit to Dh8 billion, Moody’s Investors …
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Bank fraud: Sterling Biotech owner Nitin Sandesara detained in Dubai
In a major breakthrough in the Rs 5000-crore Sterling Biotech case, authorities in the UAE have detained Nitin Sandesara, the owner of the Gujarat-based pharma group. The company is accused of willful…
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Accused in Rs 5,000 crore bank fraud case held in Dubai
Officials said Sandesara was arrested by Dubai police based on a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara, an absconding director of a Gujarat-based pharma company which …
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Emaar Properties’ H1 revenue surges 46pc to $3.12bn
The net profit for the first half after considering impact of Emaar Development IPO in 2017 was seen at Dh2.981 billion ($812 million), an increase of 5 per cent over same period last year, it added. …
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Here are the timings for UAE banks during Eid Al Adha
The UAE Central Bank has announced the timings for banks during the upcoming Eid Al Adha holiday. According to a letter circulated to all major banks in the UAE, branches are required to be closed fro…
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UAE announces Eid Al Adha holiday for banks
The Central Bank has announced Eid Al Adha service timings for national banks and major branches in the UAE. Banks will close for the Eid holidays on Monday, August 20, till Thursday, August 23. They …
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