Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) to allow entities based in the Centre to …
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Personal Finance Technology: 3 Easy Steps to Manage Your Money in a Digital World
Amid this more difficult climate, the aggregator site and its rival Souqalmal are an example of the changing personal finance landscape in the UAE and wider Gulf region, with technology playing a larger role than ever before. Where once applying for an …
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Union National Bank: the future of Islamic finance
There are now around 15 Islamic banks and finance companies operating in the UAE. Across the world, Islamic finance has seen rapid growth, with assets reaching $2trn with expectations to cross the $3trn mark by 2018. This development has been driven by a …
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Standard Chartered says retail banking business in UAE picking up
DUBAI Standard Chartered’s [STANB.UL] banking business in the United Arab Emirates is performing much better than last year, helped by growing consumer confidence, the bank’s head of retail clients in the UAE said on Thursday. Banks operating in the oil …
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Money matters: Profits up for banking sector in the UAE
Retail banking business in the UAE has endured a challenging economic environment, slow growth, margin pressures and persistent loan impairments for several quarters in the recent past. In a positive turn of events, several major banks have posted good …
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Dubai Islamic Bank confirms licence for Kenya unit
Dubai: Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE on Tuesday said that it has been given a licence by the Central Bank of Kenya (CBK) to operate its subsidiary, DIB Kenya Ltd. In a statement to the Dubai Financial Market where DIB shares …
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Disrupting personal finance in the GCC
Amid this more difficult climate, the aggregator site and its rival Souqalmal are an example of the changing personal finance landscape in the UAE and wider Gulf region, with technology playing a larger role than ever before. Where once applying for an …
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UAE- Why the Blackstone trade idea was a winner
I had declined Morgan Stanley’s offer of dinner with founder Steve Schwarzman when I was the CIO of a royal investment office in Dubai during the June 2007 IPO of Blackstone. I thought the shares were grossly overvalued and refused to bid. The biggest …
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UAE- Financial inclusion is key to development
(MENAFN – Khaleej Times) Financial inclusion development has a socio-economic and environmental impact . April 27th was declared the Arab Day of Financial Inclusion by the Council of Arab Central Banks in 2016. This day is important for the financial …
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Bank loans must be repaid even if you lose your job
Just last month, my company terminated about 200 staff members and more terminations are expected. I currently have a loan with a UAE bank that is to be repaid in 47 months. If my company terminates me, is there any way legally to put the payments on hold.
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OT Provides Instant Card Issuance for Mashreq Bank in UAE
COLOMBES, France–(BUSINESS WIRE)– OT (Oberthur Technologies), a leading global provider of embedded security software products, services and solutions and a forerunner in the payment sector, has been selected by Mashreq Bank to deploy Instant Card …
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Dubai bank first in world to pilot sign language technology
Dubai-based Emirates NBD has become the first bank in the world to pilot KinTrans, a technology that enables easy two-way communication between sign language communicators with hearing disabilities, and people who use spoken languages. The bank said in a …
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Emicool’s IPO likely to take place this year, says Union Properties chairman
The owners of Emicool plan to sell a 30 per cent stake in the district cooling company through an eventual IPO. Joint owners Union Properties and Dubai Investments each plan to sell 15 per cent of district cooling company Emicool by the end of this year …
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Emirates NBD Group becomes official banking partner for Expo 2020 Dubai
Emirates NBD, a leading banking group in the region, has signed a Premier Partnership agreement with Expo 2020 Dubai to become its Official Banking Partner. The partnership marks Emirates NBD’s long-term commitment to supporting the growth and …
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Egypt seeks advisers for IPO programme aimed at boosting revenue
Dubai: Egyptian authorities are in talks with local and international … Egypt has already hired HSBC and EFG-Hermes to advise on the planned IPO of state-owned lender Banque du Caire, while officials have said the program would also include oil companies.
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ENBD becomes banking partner for Expo 2020
Emirates NBD (ENBD), a leading banking group in the region, has signed a premier partnership agreement with Expo 2020 Dubai to become its official banking partner. The partnership agreement was signed by Sheikh Ahmed bin Saeed Al Maktoum, chairman of the …
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To celebrate Mashreq Bank’s 50 year anniversary
Mashreq Bank, the oldest privately owned bank in the UAE, is celebrating its 50 year anniversary alongside the local community. In association with Goumbook, the leading social enterprise promoting sustainability in the UAE, senior executives from the bank …
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