Tag: banking

Dubai: Money in circulation and short-term bank deposits in UAE have recorded a decrease by 3.3 and 0.7 per cent respectively during the last month of May, UAE Central Bank said in its monthly bulletin. The decrease, however, was overshadowed by a 0.4 per ... ( read original story ...)

DUBAI, United Arab Emirates — Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare co-operation between the two state-owned carriers who operate ... ( read original story ...)

Dubai: JPMorgan Chase & Co plans to sell its stake in Saudi Investment Bank back to the Riyadh-based lender at a 24 per cent discount as it exits non-core holdings globally. Saudi Investment Bank signed an agreement to buy the 7.5 per cent stake ... ( read original story ...)

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has joined the UAE International Investors Council (UAEIIC), making it the first bank in the UAE to become a member in the council. This comes following an approval from the board of directors ... ( read original story ...)

Shuaa Capital and National Bonds have announced plans to launch a joint venture in Saudi Arabia to offer savings and investments schemes in the Gulf kingdom. The partnership aims to meet a growing demand for investment and savings solutions in the kingdom ... ( read original story ...)

Dubai: Last week the Dubai Financial Market General Index (DFMGI) got hit hard, falling 110.06 or 3.62 per cent to end at 2,928.17. That’s its largest one-week decline since early November 2017. Weakness was widespread as there were only five advancing ... ( read original story ...)

Provided by Khaleej Times UAE, Saudi Arabia set to spur IPO boom The initial public offering (IPO) activity in the Middle East is poised to pick up in the second half of 2018 after a slow start in the first half as the result of a privatisation drive ... ( read original story ...)

Dubai: The Dubai Financial Services Authority, DFSA, has entered into a Memorandum of Understanding with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC, by Bryan Stirewalt, Managing ... ( read original story ...)

Law360, London (June 22, 2018, 9:15 PM BST) -- The top appeals court for U.K. overseas territories has dismissed claims that Investcorp Bank BSC breached an agreement with a Dubai-based businessman who lost out when a series of leveraged hedge fund ... ( read original story ...)

The UAE’s Central Bank decision to cap fees and commissions on select banking services may drive some lenders to raise interest rates to cover their risk, banking analysts said. The regulator’s move will mainly affect retail banks, who may see an ... ( read original story ...)