Category: FINANCE

Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has announced the first UAE National as the grand winner in the fourth draw of its hugely successful ‘Double Your Salary’ campaign, held at DIB’s Reef Mall Branch. DIB’s ‘Double Your Salary …
( read original story …)

---

Abu Dhabi Commercial Bank posted a 7 percent rise in fourth-quarter net profit … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)

---

Kochi: A Kerala minister’s name has allegedly been used to threaten the agent of a Dubai bank when it sought the repayment of a loan given to an NRI businessman. The bank’s representative in India has complained to the chief minister Pinarayi Vijayan and …
( read original story …)

---

“People focus on Aramco as being the key thing,” said Salman Bajwa, chief executive officer of Dubai-based Emirates NBD Asset Management … economic and markets space. The Aramco IPO will be the confirmation that one phase of structural reforms …
( read original story …)

---

Emirates NBD Capital, the investment banking unit of Dubai’s biggest lender, joined Citigroup and Samba Financial Group in appointing a woman to lead its operations in Saudi Arabia as the kingdom embarks on unprecedented economic and social changes.
( read original story …)

---

The Aramco IPO would be one of the biggest events on financial markets … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)

---

Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered …
( read original story …)

---

Dubai – Mubasher: Firms’ annual financial results and subsequent dividend distributions are likely to act as the main market-boosting catalyst to the UAE bourses’ liquidity. The Emirati banks’ financial results, which were announced over the past …
( read original story …)

---

The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and …
( read original story …)

---

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al …
( read original story …)

---

Commercial Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
( read original story …)

---

Demand for business loans in the UAE increased marginally in the fourth quarter of last year, mainly because of stronger demand in Dubai, while total demand for personal loans was flat, a central bank survey showed on Tuesday. The net balance measure for …
( read original story …)

---

Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million.
( read original story …)

---

COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
( read original story …)

---

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, was recognized as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards. The awards ceremony took place at the Jumeirah Emirates Towers, on January 18 …
( read original story …)

---

The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems. Under the …
( read original story …)

---

Dubai: Unstable public finances of Iran are slowly translating into deterioration in asset quality of banks besides causing capital erosion, according to the Institute of International Finance (IIF). “Continued public payment arrears, connected lending …
( read original story …)

---