However, despite the lack of headline price movement, the Financial Times reports hedge funds and other institutional investors … a fuel broker at Freight Investor Services in Dubai, told Reuters. Crude futures have fallen five per cent since their …
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UAE Bank Going Digital-Only
The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts.
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National Bank of Kuwait Q4 net profit rises 40 per cent
Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a …
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Gold at 2-month high; Should you sell in Dubai?
Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge “Trump trades” put on late last year that bet on stronger growth and rising inflation.
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UAE bank deposits up by Dh42b
Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross …
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US-Supported Syrian White Helmets Involved with War Crimes Committed by Rebel Groups
It states that the purpose of the award will be to use the funds for managing a “quick-response mechanism … who operate out of offices in Turkey, Jordan and Dubai. In the letter, rebel groups stated that they would allow teams to restore the water …
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Dubai in the sky: 12 restaurants with a great view
11 of the world’s most luxurious train journeys Mint Leaf Dubai – Emirates Financial Towers Upmarket Indian food shines at this swanky 15th floor restaurant. Located in Dubai’s financial center, the London export has floor-to-ceiling windows facing the …
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Swing to small cap stocks on UAE bourses, for now
… will have to learn to play to swings of small cap stocks in the UAE stock markets, before blue chip shares stage a comeback again. The smaller stocks like Gulf Finance House, Shuaa Capital, Gulf Navigation, HITS Telecom and Union Properties listed on …
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Blockchain Could Help the Middle East Leapfrog Into the Digital Age
I’m really excited about it. It’s a great chance to build a new financial infrastructure in the region. What’s exciting is that there’s this big drive for change in the economies. Saudi Arabia and the UAE want to leapfrog into the digital age in …
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Small cap stocks still in favour on Dubai bourse
The Dubai Financial Market General index closed 0.42 per cent higher at 3,617.40, after trading in the range of 3,586.53- 3,617.43. “The market today was mainly driven by trading opportunities. The main focus was still on insurance sector, and investors …
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Chief Financial Officer
… UAE – Dubai – Robert Half are working with a large Outsourcing company based in Dubai. Due to an internal move the business is looking to recruit a Chief Financial Officer. The Company Robert Half are working with a large Outsourcing company based in …
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Revealed: Accounting and finance salaries for 2017 in the UAE
Robert Half, an international recruitment firm, has published what they have found are reliable benchmarks of the salary scales of permanent accounting and finance roles in the UAE. According to the survey conducted, 68 per cent of employers are seeking …
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UAE: DIEDC, Astana International Financial Centre sign MoU
His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. The Dubai Islamic Economy Development Centre (DIEDC …
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Dubai Financial Services Authority publishes findings of Trade Finance Review In Dubai International Financial Centre
The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance activities carried out in and from the Dubai International Financial Centre (DIFC). The review assessed the quality of …
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Dubai Financial Market : UAE markets in need for institutional trading – Analysts
Dubai – Mubasher: The UAE stock markets need a long-term institutional participation in the markets to take good advantage of the good prices of which some leading companies have reached, analysts told Mubasher. The level of risk at both Dubai Financial …
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Dubai Financial Market : Daman Investments delays IPO plans – Chairman
Dubai – Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added in his speech on Monday at a press conference …
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Dubai bank sets different exchange rates for Scottish and English bank notes
A DUBAI bank has admitted setting different exchange rates for English and Scottish bank notes because the latter has “no buyers”. Scots tourists were shocked to see the differing rates on a currency exchange board at duty free in Dubai Airport last month.
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