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Category: FINANCE

Posted on 01/08/2017

UAE President issues new Tax Procedures Law

UAE Minister of Finance and FTA Chairman. “The Law, issued by Shaikh Khalifa is an all-encompassing legislative framework that lays the groundwork for the UAE’s plan to implement taxes as a means to ensure sustainability and diversify the government …
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Posted on 01/08/2017

UAE- Al Adil enters e-commerce fray

The UAE’s leading brand for Indian foodstuff launched its online … Period. My interests are Economics, Finance and Information Technology. Prior to joining Khaleej Times, I have worked with some leading publications in India, including the Economic …
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Posted on 01/08/2017

ASIC signs agreement with UAE regulator to support fintech expansion opportunities

The Australian Securities and Investments Commission (ASIC) has signed an agreement with the United Arab Emirates’ Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (FSRA), which outlines how both nations will collaborate to support …
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Posted on 01/08/2017

Shuaa Capital buys stake in Amwal International

Dubai: Shuaa Capital said on Monday it has acquired an 8 per cent stake in Kuwait-based Amwal International Investment for an undisclosed sum. Shuaa now owns 14.49 million shares in Amwal International. Furthermore Gulf Finance Corporation, a Shuaa Capital …
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Posted on 01/08/2017

Chinese companies move to Abu Dhabi industrial zone

Dubai International Financial Centre (DIFC), the leading financial hub for the $7.4 trillion Middle East, Africa and South Asia (Measa) region, has announced that in the first half of 2017 it has gro Abu Dhabi Ports inks agreement with Chinese to develop …
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Posted on 01/08/2017

Abu Dhabi Ports signs $300 million investment cooperation agreement with China for manufacturing in Khalifa Port Free Trade Zone

Under the terms of the agreement, China-UAE Industrial Capacity Cooperation Construction … creating over 1,400 jobs, broadening the financial and physical scope of the zone while bolstering its ties to the “Belt and Road” initiative.
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Posted on 01/08/2017

Sr. Manager – Learning & Development – Commercial Bank of Dubai – Dubai Jobs

• To drive professional execution of the learning and development plan, proactively partner with stakeholders to deliver on their learning needs and build the Bank’s capability to drive sustainable results, both in the short term and long term …
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Posted on 01/08/2017

Paysafecard enters UAE to enable online payments with cash

… technology innovation in line with its government’s Smart Dubai initiative to transform Dubai into the world’s smartest city, writes Paybefore (Banking Technology‘s sister publication). With Samsung, Apple and many other international technology …
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Posted on 01/08/2017

Two employees flee with Dh6.5m from Dubai currency exchange

The exchange centre was open on Monday and officials from the CID and Central Bank of the UAE were present to conduct their investigation. The officials examining the account details refrained from giving information about the case. A senior staff member …
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Posted on 01/08/2017

Paralegal – UAE Nationals – Commercial Bank of Dubai – Dubai Jobs

Assists the department in the legal cases planning, development, and management, legal research, gathers facts and retrieves information, drafts and analyses legal documents and collects, complies and utilizes technical information, to make recommendations …
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Posted on 01/08/2017

Mashreq launches MashreqPay banking wallet in the UAE

The advanced mobile wallet for Android phones, with unique market-first features and a best-in-class loyalty programme, is designed to work seamlessly at local and international merchant outlets. 1. UNLOCK & PAY: MashreqPay is easy to set up – any …
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Posted on 31/07/2017

Mashreqbank psc : Mashreq launches MashreqPay banking wallet in the UAE

Mashreq Bank, has announced the launch of MashreqPay – a digital mobile wallet providing secure easy-to-use payment for purchases, anywhere in the world where cards are accepted and the merchant terminal has NFC (near-field-communication) capability.
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Posted on 31/07/2017

Dubai Investments Real Estate signs AED 1.1 billion financing deal with FAB and ADCB

The deal was signed by Khalid Bin Kalban, Managing Director & CEO of Dubai Investments and Chairman of DIRC, André Sayegh, Deputy Group CEO of FAB, and Colin Fraser, Head of Wholesale Banking at ADCB. Commenting on the transaction, André Sayegh said …
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Posted on 31/07/2017

FAB Wealth Sentiment Index down 1.3pc in July

he First Abu Dhabi Bank (FAB) Wealth Sentiment Index (WSI) for the UAE has decreased slightly from 1054.52 in June, to 1040.66 in July 2017, reflecting a 1.3 per cent change. The July score reflects a range of factors, including a fall in inflation …
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Posted on 31/07/2017

Dubai Investments unit signs $299m loan deal

Dubai Investments Real Estate Company (DIRC) has signed a Dh1.1 billion ($299.47 million) financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development in Dubai, UAE. DIRC is the real estate …
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Posted on 31/07/2017

Clyde & Co. bolsters construction practice with Dubai partner hire

Heywood will be based in the firm’s Dubai office, making him the sixth specialist construction … international arbitration, finance & banking, projects and construction, real estate, regulatory and investigations, and technology.
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Posted on 31/07/2017

Race on for Uae’s ‘Workplace of the Year’ Award

National Bank of Fujairah and Gulftainer, which is also competing for the Health & Safety Initiative of the Year award along with HLG Contracting, Dubai Islamic Bank and Khidmah. “Having a wellness initiative is one thing, however securing the support of …
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