“This will add to the financial benefits of the owners of expired business licenses, restore legal records and licenses, and help the business community in Dubai enhance their competitiveness.” Omar Bushahab, CEO, Business Registration and Licensing Sector …
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Emirates Islamic launches ‘personalised banking experience’ for UAE nationals
… offer a comprehensive range of home finance solutions from construction finance to releasing cash with discounts on fees and profit rates. Further, the bank will also offer UAE nationals the premium ‘Emirati Visa Signature Credit Card’ free for …
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UAE residents keeping better track of finances: study
UAE residents are keeping better track of their money than four years ago, and fewer are living beyond their means, according to the moneysmart index, which Abu Dhabi Islamic Bank launched recently as part of its financial wellness programme. The …
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Central bank lifts UAE growth outlook
The Central Bank of the UAE lifted its growth forecast for the country’s non-oil GDP to 3.9 per cent in 2018 from 3.6 per cent on the back of improving domestic economic activity and better prospects for the global economy. Economic activity in the UAE has …
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Deutsche Bank cuts eight equities research positions in Dubai: sources
DUBAI (Reuters) – Deutsche Bank (DBKGn.DE) has cut eight positions within its equities research team in Dubai as it moves to close the unit as part of a global scaling back of equities business, sources familiar with the matter said. The research analysts …
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Great News for the Islamic Banking Industry
“This is a good move by the IMF and in my opinion it will bring lot of stability to the entire banking system” said Saad Maniar, senior partner at Crowe Horwath UAE. According to the UAE Ministry of Economy and the Dubai Islamic Economy Development Centre …
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Dubai Islamic Bank : receives two new ISO certifications
The certifications make DIB the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIBs Human Resources Department – Learning and Development Centre (L&D) was awarded the ISO 29990:2010 certification, while the …
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MIDEAST STOCKS-Dubai Islamic Bank weighs on Dubai index; Qatar keeps rising
DUBAI, May 29 (Reuters) – The Dubai stock market was sluggish on Tuesday, dragged down by building contractor Drake & Scull International and Dubai Islamic Bank, while other Gulf markets were up slightly in the first hour of trading. The Dubai index shed 0 …
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Deutsche Bank Said to Close Dubai Equity Research in Global Cull
Deutsche Bank AG will close its equity research department in Dubai, according to people with knowledge of the matter, as the German lender restructures the business globally. It’s not clear how many analysts will be affected by the move, the people said …
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UAE residents keeping better track of finances, survey shows
UAE residents are keeping better track of their personal finances than they were four years ago, with fewer living outside of their means, according to newly released data from Abu Dhabi Islamic Bank. In its ‘moneysmart index’ – which is based on …
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The Debt Panel: Dubai resident receives over 100 calls in one week from a debt collection agent
I work as a claims officer in Dubai and my monthly salary is Dh5,000. My debts are: outstanding / minimum payment Recently, I’ve been receiving persistent and annoying calls from an agent claiming that she is from Bank 1’s collections department.
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UAE non-oil economic growth slows slightly: central bank
DUBAI (Reuters) – Non-oil economic activity in the United Arab Emirates grew by 3.1 percent from a year earlier in the first quarter, slowing slightly from 3.4 percent in the final quarter of 2017, the central bank estimated on Tuesday. Overall economic …
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Dubai Islamic Bank receives two prestigious ISO certifications
Two key departments of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received ISO certifications, making it the first Islamic bank in the UAE to achieve an international accreditation of this significance. DIB’s Human Resources …
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Sourcing Finance For Your UAE-based Business
Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth is fundamental in taking a company to the next level. It helps business owners to avoid …
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The How-To: Sourcing Finance For Early-Stage Growth Of Your UAE Business
You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Ask entrepreneurs in the UAE what they most need to upscale their business and the majority are likely to say finance. Sourcing finance in the early stages of growth …
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Islamic finance gets IMF backing
The UAE has expanded its role as one of the leading hubs for Islamic finance, an alternative way of banking and insurance based on Islamic law, or Shariah, which prohibits interest payments and pure monetary speculation. “Customers’ trust in Islamic …
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UAE- Islamic finance gets IMF backing
(MENAFN – Khaleej Times) The Islamic banking industry is set to flourish further even in non-conventional markets as the International Monetary Fund (IMF) approved a plan to incorporate Islamic finance into its financial sector assessments of select …
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