Mumbai took the top spot for expat salaries – the average expat there earning $217,165. Marwan Hadi, head of Retail Banking and Wealth Management, HSBC, UAE, said: “It is not at all surprising to see that Dubai, and the UAE, continue to be the …
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Emirates Institute for Banking Studies Hosts 40 Emirati Alumni of Leadership Program
In line with the mandate of the Ministry of Human Resources and Emiratisation, the scheme provides training and educational opportunities to UAE nationals who will be the banking leaders of tomorrow. Sessions such as the one today – that brought together …
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UAE’s largest bank approves record cash dividend
First Abu Dhabi Bank (FAB), the UAE’s largest bank, approved the distribution of 70% cash dividends (AED 0.70 per share), as recommended in their annual results last month. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its …
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Mideast Bank stocks tipped to gain
“Going into 2018, UAE banks screen most attractively relative to others from European, Middle East and African emerging markets,” said Hootan Yazhari, head of MENA and global frontier markets at Bank of America Merrill Lynch in Dubai. He expects …
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Dubai Islamic Bank : Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after its launch. The Upperhill-headquartered financier said in a notice it is seeking individuals for 15 senior positions …
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‘How Sterling Bank made my desire to be in Dubai a reality’
Sterling Bank Plc recently unveiled a new promo tagged 1dament to reward its new and existing customers during the last Christmas season and in the New Year. The promo, which kicked off in the first week of December 2017, will end in March 2018. Some of …
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Dubai Islamic Bank hosts AGM and agrees on cash dividends
The assembly also approved the bank’s 2017 financial statements. For the year 2017, DIB reported a net profit of AED 4.5 billion, an increase of 11 per cent compared to AED 4.05 billion in 2016. Other agenda items concluded at the AGM included the review …
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Dubai Islamic Bank : lists $1bln sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB) was declared to have raised USD1 billion in the listing of sukuk on Nasdaq Dubai. All sukuk of which Dubai’s exchanges have listed were revealed to have stood at an overall worth of USD53.47 billion. “2018 has once again seen DIB …
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UAE embraces fintech, plans more investments
Building on to the progress that was made in the financial technology (Fintech) sector in 2017, financial institutions across the UAE say that they are ready to increase their investments in internal innovation and disruptive technologies. “The future of …
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Column: Guardiola democracy calls put focus on UAE ownership
Abu Dhabi has succeeded in wrapping its soccer project with glossy … The more Guardiola turns the news conference stage into a political pulpit, the more he opens himself up to scrutiny about the politics of the City owner. It’s a moral maze Guardiola …
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Founder’s Memorial opens in Abu Dhabi
Abu Dhabi: The Founder’s Memorial, a permanent national tribute commemorating Shaikh Zayed Bin Sultan Al Nahyan, was inaugurated in an official ceremony at the Abu Dhabi Corniche on Monday under the directives of President His Highness Shaikh Khalifa Bin …
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Dubai Property Set for Another Round of Falling Rents in 2018: Analysts
The Dubai property market is in for another round of falling rents in 2018, industry analysts told Gulf News. According to various sources, the glut of homes available to rent, coupled with a slow demand, will push down the rental values by a mid-single …
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Founder’s Memorial inaugurated in Abu Dhabi
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces …
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Dubai Exports, FBMG Launch ‘Open Food Platform’ at Gulfood 2018
Dubai Exports, the export promotion agency of the Department of Economic Development (DED), together with the Food and Beverage Manufacturing Business Group (FBMG) and Gulfood, announced the launch of an ‘Open Food Platform’ at Gulfood 2018.
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Dubai Airports to close runway for upgrades in 2019
Dubai: Dubai Airports confirmed on Monday plans to close the southern runway at Dubai International Airport for 45 days in 2019 for refurbishment. The refurbishment is scheduled to take place from April 16 to May 30, 2019, when passenger traffic tends to …
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Dubai Business Club Rated 6-Stars as Dubai Economy Pursues Improved Customer Happiness
The ‘Dubai Business Club’ of the Department of Economic Development (DED) maintained its top position among customer service centres in Dubai with a six-star rating for the year 2017 too. The Happiness Lounge of Dubai Economy has also won a four-star …
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Dubai airport to close southern runway for 45 days next year
Dubai International Airport will close one of its two runways for 45 days next year for upgrade work, temporarily reducing capacity at the world’s busiest airport for international travelers, its operator said on Monday. The southern runway will be closed …
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