Category: FINANCE

Khamis Buharoon, ADIB vice chairman and acting CEO, said: “The pace of the bank’s growth has been fast, increasing its number of customers to one million in the UAE, nearly double the number it had fi…
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HSBC has appointed Gareth Thomas as regional head of global banking for the Middle East, North Africa and Turkey (MENAT), effective from September, subject to regulatory approval. Thomas will relocate …
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Dubai: Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported a 6.7 per cent rise in second-quarter net profit on Tuesday on increased fees, commission and investments. …
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The workshop was designed to support Heads of Risk Management (CRO) and Heads of Finance (CFO) as they prepare for the upcoming transition, according to UBF, in line with regulations set by the Centra…
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Emirates NBD, a leading bank in the region, has launched its Emirates NBD Family Savings Account for UAE national customers, enabling Emirati families to benefit from preferential interest rates and p…
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The lowered rating followed the sizeable increase in non-performing loans (NPLs) in 2017 and in Q1 2018, which has led to a significant decline in the loan-loss reserve (LLR) coverage ratio and the im…
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It said UAE non-investible assets are expected to increase at an … senior partner & managing director of BCG Middle East’s Financial Services practice. “Value creation opportunities touch all parts …
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Global personal financial wealth grew by 12 per cent in 2017 to $201.9 … Going forward personal wealth in the UAE is projected to continue to grow at a compound annual growth rate (CAGR) of eight pe…
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Dubai: A UAE resident just proved that buying expensive lottery tickets isn’t the only way to get rich quick, but putting money in a bank account, too. Khalid Ahmed Al Marzooqi woke up to a surprise r…
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Dubai: Bank of Sharjah on Tuesday reported Dh200 million net profit for the first half of 2018, up 31 per cent from Dh152 million for the same period last year. The bank’s total comprehensive income f…
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First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Tuesday reported net profit of AED6.1 billion ($1.6 billion) for the first six months of 2018, up 10 percent year-on-year. The bank also announce…
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Dubai Financial Market (DFM) on Monday announced a net profit of AED82.8 million ($22.5 million) for the first six months of 2018, down 43 percent on the year-earlier period. The company said net prof…
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DUBAI (Reuters) – A proposed reshuffle of state assets would … A major goal of the planned Aramco listing – which was initially slated for the end of 2018 and could prove the biggest IPO in history …
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The UAE’s Ministry of Human Resources and Emiratisation has announced the launch of an initiative in partnership with the central bank to boost the employment of Emiratis in the banking and finance se…
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Almost two-thirds of entrepreneurs consider banking their first challenge when setting up a business with funding the second biggest obstacle, according to a new UAE government study released on Sunda…
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Dubai: The underperforming Dubai Financial Market (DFM … in the wake of Emaar Development’s initial public offering (IPO). Now, corporate governance issues emanating from Abraaj, which has been accu…
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The green auto loan market has ramped up after two new players launched eco-friendly car finance products to encourage customers to buy hybrid or electric vehicles as part of the UAE’s 2021 Sustainabi…
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