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Posted on 26/07/2017

Sharjah Ruler congratulates Egyptian President on Revolution Day

SHARJAH, 23rd July, 2017 (WAM) — H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has sent a message of congratulations to Egyptian President, Abdel Fattah el-Sisi, on the occasion of his country’s Revolution Day …
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Posted on 26/07/2017

Coral Beach Resort Sharjah remains #1 on TripAdvisor

Coral Beach Resort Sharjah continues to be the leading hotel in Sharjah … our guests’ requirements and meet their expectations at every step.” – TradeArabia News Service
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Posted on 26/07/2017

Sharjah airport to build new private jet terminal

The agreements are part of Sharjah Airport Authority’s strategy to develop the general aviation industry in order to accommodate the increasing growth of this industry in the UAE and the Emirate of Sharjah. – TradeArabia News Service
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Posted on 26/07/2017

Sharjah launches $40m road upgrade project

The Sharjah Urban Planning Council (SUPC), has launched the University … reported Wam, the Emirates official news agency. The space will include wide sidewalks, native species landscaping areas, a bike path and parking. Sheikh Khalid Bin Sultan Al …
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Posted on 26/07/2017

Bank of Sharjah P J S C : Sharjah Islamic H1 net profit rises by 6.2pc

Sharjah Islamic Bank, SIB, has posted a net profit of … reported Wam, the Emirates official news agency. Net customer receivables of the bank amounted to Dh19.0 billion at the end of the 2nd quarter 2017, an increase of 11.2 per cent or Dh1.9 million …
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Posted on 26/07/2017

ADFD to Study Feasibility of UAE Export Finance Programme With Korea Development Institute

Abu Dhabi Fund for Development (ADFD), the leading national entity in development aid, appointed the Korea Development Institute (KDI), a prominent Korean think tank, as expert consultants to advise on the need for a UAE-based Export Finance Programme.
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Posted on 26/07/2017

UAE residents warned against financial frauds

The Abu Dhabi Judicial Department has warned residents against investing in financial portfolios that are not licensed by authorities or falling victims to fraudsters. The judicial officials also highlighted about the dangers of these portfolios, and how …
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Posted on 26/07/2017

Dubai Financial Market posts 4% rise in net profit

Dubai Financial Market has announced a net profit of AED145.6 million for the first six months of 2017, up 4 percent on the year-earlier period. The increase was recorded despite net profit slumping 19 percent in the second quarter of the year, the bourse …
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Posted on 26/07/2017

Amlak Finance : Dubai developers ramp up sales as Amlak completes part of debut project

07/20 DAMAC PROPERTIES DUBAI PSC: Amlak launch ‘Double Your Property’ 07/19 DAMAC PROPERTIES DUBAI PSC: Amlak partner to offer investment opportunities 07/19 DAMAC PROPERTIES DUBAI PSC: inks home financing tie-up with Amlak 07/17 DFM gains 5.02 pts at …
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Posted on 26/07/2017

BRIEF-Dubai Financial Market Q2 profit falls

July 25 (Reuters) – DUBAI FINANCIAL MARKET: * Q2 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 43.3 MILLION DIRHAMS VERSUS 53.5 MILLION DIRHAMS YEAR AGO * Q2 TOTAL INCOME 92.2 MILLION DIRHAMS VERSUS 102.4 MILLION DIRHAMS YEAR AGO Source:(bit.ly/2tFxXh8) Further …
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Posted on 26/07/2017

UAE surplus reserves surge to top $11.6bn in June

Surplus reserves at UAE banks and other financial institutions surged to Dh42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 per cent, or Dh18.7 billion, from Dh24.1 billion in the first month of the year 2017, according to UAE Central Bank …
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Posted on 26/07/2017

UAE economy benefitting from rebound in global trade and tourism

In a new report, released today, the accountancy and finance body says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC. Fuel generates just 22 per cent of the country’s export revenues. The report …
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Posted on 26/07/2017

Surplus reserves at UAE banks increase to AED 42.8 billion in June

According to banking experts, the strength of the UAE banking sector has enabled it to consolidate its financial reserves despite slower growth in regional and global economy, highlighting the high investment returns provided by the UAE economy as one of …
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Posted on 26/07/2017

UAE bank robbed in broad daylight by masked men

According to the police, the robbery took place at a branch of a bank at Al Buhaira road along the corniche at around 11am. A robbery took place at a bank branch in Sharjah on Tuesday morning, Sharjah Police has confirmed. According to the police, the …
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Posted on 26/07/2017

UAE’s Oil Firm ADNOC Negotiates Taking Up To $5B Loan

… Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), is in discussions to get a loan of up to US$5 billion, Reuters reported on Monday, citing banking sources, as low oil prices are forcing giant oil companies in the Middle …
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Posted on 26/07/2017

India clarifies income tax rule for NRIs

Dubai: The Government of India has clarified that Indian expatriates have to provide their foreign bank account details only if they do not have a bank account in India when they apply for income tax refunds. The government’s official statement issued on …
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Posted on 26/07/2017

First Abu Dhabi Bank to accelerate DevOps success with Validata’s Release Automation Suite

(MENAFN Editorial) FAB is one of the leading banks in the UAE, established from the merge of First Gulf Bank and National Bank of Abu Dhabi (NBAD), offering an extensive range of tailor-made solutions, products and services, in addition to customised …
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