All the investment made in the Dubai’s real estate are illegal, as the State Bank of Pakistan has already informed the committee that the central bank never gave the permission to any individual to invest in the real estate sector anywhere in the world.
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UAE, Switzerland being asked about Pakistanis’ assets
ISLAMABAD: The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. “We have …
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NAB to be tasked for getting details on UAE investments
The FBR had received a list of 100 Pakistanis, who had invested in real estate business in Dubai, from the Federal Investigation … misappropriation in the promotion process for National Bank of Pakistan employees, Governor State Bank of Pakistan Tariq …
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UAE ranks first in 11 global competitiveness Indices
HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented these achievements to UAE President HH Sheikh Khalifa bin Zayed Al Nahyan and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of …
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Global Fintech Innovation showcase stops in Dubai this month
Held in partnership with the UAE Ministry of Finance, and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast will take place from 26-27 February at the Madinat Jumierah Conference …
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UAE’s FAB gets investment banking license in Saudi Arabia
First Abu Dhabi Bank (FAB), the UAE’s largest bank, received a license from Saudi Arabia’s Capital Market Authority to offer investment banking services in the kingdom, joining a host of foreign banks scurrying for business in the Arab world’s …
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Bank of Singapore eyes expansion Dubai as assets jump
The private banking arm of Singapore’s second-biggest lender, OCBC, aims to add around 25 relationship managers to its Dubai office by 2020 as it targets more business from non-resident Indians and wealthy Middle East clients, a senior executive told Reuters.
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Al Jaber Group close to $1.6b debt restructuring
Dubai: Abu Dhabi-based Al Jaber Group expects to seal a deal … Al Jaber’s debt is mostly held by local and international banks, although some hedge funds and other non-bank financial institutions also feature among the creditor group, sources familiar …
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Forex Sales Associate – Dubai Jobs
One of the leading Forex Financial Brokerage Company is looking for Forex Sales Associates to be based out of Dubai offices … dealing relationships with other FX Brokerage firms, Hedge Funds, and Asset Management Companies for FX Spot in furthering …
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Noor Bank weighing sale of Islamic bonds
Dubai: Dubai’s Noor Bank PJSC is considering the sale of Islamic bonds as the Sharia-compliant lender seeks long-term funding, its chief executive officer said. “It is not a bad time to consider going to the market,” John Iossifidis said in an interv …
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Banking on talent and home advantage
The UAE Team Emirates is banking on in-house talent and home support to make an ideally strong start to the season during this week’s Dubai Tour. Launched in January last year the team made their debut at the 2017 People’s Choice Classic Criterium in …
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Dubai Holding appoints new CEO to run $35bn firm
The statement didn’t provide a reason for Alrafi’s departure. Kaushal previously worked at Goldman Sachs, UBS Group AG and Deutsche Bank AG in London and Dubai, according to information on Dubai Holding website. It’s not clear who will replace …
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Abu Dhabi Islamic Bank Sees Bright Outlook in 2018
Abu Dhabi Islamic Bank (ADIB) is well positioned to take advantage of the opportunities that are expected to arise from the positive economic outlook of the UAE, officials have said. “We are confident that our financial strength and our focus on leveraging …
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Dubai’s Abraaj denies it misused Bill Gates money
A story in the Wall Street Journal over the weekend claimed that The Bill and Melinda Gates Foundation, the World Bank’s International Finance … It was further claimed that Dubai-based Abraaj, one of the most influential venture capital vehicles …
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Noor Bank opens new Bur Dubai Branch
John Iossifidis, CEO of Noor Bank, officially inaugurated the new premises in the presence of the bank’s Head of Retail Banking, Mufazzal Kajiji, senior management and employees of the branch. “While planning to establish a new branch, we carefully …
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400 fintech leaders to attend Dubai event
Other prominent topics throughout the two days will include a case study on an interbank Blockchain pilot featuring India and the UAE, how to reap the benefits from the changing environment in banking, how Malaysia is building a cryptocurrency and how …
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Gulf Bank Wins ‘Best Retail Bank’ and ‘Best Mobile Banking App’ Kuwait Awards From International Finance Magazine
Gulf Bank is pleased to announce it was honoured with two awards at the 5 th Annual International Finance Awards ceremony held earlier this month in Dubai, UAE. Accepting the award for ‘Best Retail Bank in Kuwait – 2017’ was Mr. Basel Al-Assad …
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