Emirates NBD, a leading bank in the region, announced today the launch of a Green Auto Loan product in line with its commitment to support the UAE’s transformation into a low-carbon economy, as part of UAE Vision 2021. The Green Auto Loan has been ... ( read original story ...)
Dubai Financial Market : Dh5m investment drops to Dh123 in decade
Dubai: A client who deposited Dh5 million in two trust accounts with a UAE bank 10 years ago, recently sued the bank after discovering that his investment was now worth only Dh123. An accident had forced the client -- a resident of a Gulf Cooperation ... ( read original story ...)
UAE's First Gulf Bank reports 11 pct fall in Q4 profit
DUBAI Jan 31 First Gulf Bank (FGB), Abu Dhabi's third-largest lender by assets, reported an 11 percent fall in fourth-quarter net profit on Tuesday but narrowly beat analysts' expectations. FGB, which is being merged with rival National Bank of Abu Dhabi ... ( read original story ...)
Emirates Bank for Volunteering established
Zayed Giving Initiative, ZGI, the UAE Societal Voluntary Programme, and Tadreeb National Training, Tadreeb, have signed an agreement to establish and manage the first specialised bank for volunteers. The bank will target volunteers across community ... ( read original story ...)
UAE Central Bank Board reviews Q4 Report for 2016
ABU DHABI, 31st January, 2017 (WAM) -- The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The 1st meeting in 2017, held under the chairmanship of Khalifa Mohammed Al ... ( read original story ...)
Dubai To Open Up To Crowdfunding Platforms, As Part Of Fintech Push
The regulator of offshore financial hub the Dubai International Financial Centre (DIFC) is preparing to license loan-based crowdfunding platforms for the first time. The Dubai Financial Services Authority (DFSA) has begun a consultation process on its ... ( read original story ...)
UAE fully prepared in disaster management medicine
Dr Tammam Aloudat, deputy medical director of Medecins Sans Frontieres, told Gulf News: “While the UAE is well equipped to deal with emergency services in case of hospitals in times of major accidents, cardio-vascular diseases or stroke patients ... ( read original story ...)
Dubai Tour kicks off on Tuesday morning
Dubai: The Dubai Tour is back and with it, expect road closures ranging from 30 to 40 minutes across various roads in Dubai. Preparations for the first stage of Dubai Tour 2017 started on Tuesday morning, with scores of participants and residents making ... ( read original story ...)
Dubai launches programme to promote trade with India
a statement released by the UAE's official news agency Wam said. The launch of the programme in India comes within a week of the joint statement made by Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ... ( read original story ...)
UAE's du acquires license to operate Virgin Mobile service
EITC's license term is for over five years, granting it full rights to ownership, management and operation of the brand in the UAE, Sultan said at a news conference in Dubai. An EITC spokesman told Reuters the license was bought from the Virgin Group. ( read original story ...)