Emirates NBD, the UAE’s biggest bank by assets, said its third-quarter profit slipped 1 per cent as money set aside for bad debt at its Islamic banking unit increased. Net income declined marginally to Dh1.664 billion from Dh1.673bn, missing the ... ( read original story ...)
UAE's Ajman Bank finalising $205 mln Islamic syndicated loan -bankers
DUBAI Oct 18 Ajman Bank, a United Arab Emirates-based, sharia- compliant lender, is raising a $205 million Islamic syndicated loan, banking sources said on Tuesday The loan, which has a two-year maturity and a murabaha format, will be completed imminently ... ( read original story ...)
Qosbee app tells users which carrier provides best wireless network
Users can now create addresses from different countries,” he said. Despite it being launched in Dubai, the app is targeted at markets that allows users to buy wireless service à la carte from mobile virtual network operators (MVNOs), which have yet to ... ( read original story ...)
Dubai Silicon Oasis, du to develop 5G telecom technology, IoT solutions
The Dubai Silicon Oasis Authority (DSOA) today announced its collaboration with Emirates Integrated Telecommunications Company PJSC (du) for the development of fifth generation mobile technology (5G) and Internet of Things (IoT) solutions. The DSOA is the ... ( read original story ...)
Excellence Auditing & Business Consultants
Excellence is a premier Audit, Advisory and Business Management Consultancy firm counted among the reputed medium-sized auditing and advisory organization in Dubai, UAE. Being born in the emerging business capital of the world, we have gained popularity ... ( read original story ...)
Infosys Finacle Partners With Emirates NBD and ICICI Bank to Launch First Blockchain Pilot Network
BANGALORE, Oct. 18, 2016 /CNW/ - Emirates NBD is the First in UAE and ICICI Bank is the First Bank in India to Pilot Blockchain-based Network for International Remittances and Trade Finance EdgeVerve Systems, a wholly owned product subsidiary of Infosys ... ( read original story ...)
Dubai is trying to build the world's tallest building-again
If you've ever been to Dubai, you know that there are architectural marvels around every corner. That includes the world's tallest building, known as the Burj Khalifa, which hovers a nosebleeding 154 stories—or 2,722 feet—above the desert floor. ( read original story ...)
Emirates could cut Africa flights in face of economic challenges
DUBAI (Reuters) - Emirates airline could reduce the frequency of flights to Africa or cut routes entirely if current economic and financial challenges on the continent continue, the company's President said on Tuesday. Emirates has expanded rapidly in ... ( read original story ...)
Credit ratings can be a force of change in UAE finance
In a recent communiqué, the UAE’s Securities and Commodities Authority (SCA) reiterated its aim of introducing credit rating regulations as part of UAE’s vision of having a well-developed, investment-conducive and resilient financial system. ( read original story ...)
Dubai lender Emirates NBD posts flat Q3 net profit
"Both Dubai and Emirates NBD are well placed to deal with the regional challenges stemming from a lower oil price environment," said Mr Nelson. Emirates NBD is banking on more digital programmes, with an increased focus on online and mobile banking services. ( read original story ...)