Tag: banking

EU finance ministers on Tuesday adopted a blacklist of 17 jurisdictions deemed to be tax havens, including the UAE and Bahrain, in an unprecedented step to counter worldwide tax avoidance. Blacklisted countries may no longer be used by EU institutions for …
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Adnoc Distribution unit set an indicative price range of between Dh2.35 and Dh2.95 for its IPO that could raise as much as $2 billion to become a milestone transaction, the largest public offering in the UAE to date. Adnoc is selling a minimum of 10 per …
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Abu Dhabi’s state-owned oil firm had indicated last month that it could sell as much as 20 percent of ADNOC Distribution at a higher price range, which would have valued the deal as high as $2 billion, making it the UAE’s biggest IPO since 2007.
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KUWAIT CITY — The United Arab Emirates on Tuesday announced it has formed a new economic and partnership group with Saudi Arabia, separate from the Gulf Cooperation Council — a move that could undermine the council amid a diplomatic crisis with member …
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The financial services sector is an important part of the UAE economy, one that helps much of the region’s growth. In 2016, according to the Ministry of Economy, this industry contributed 9.8 percent of GDP and 12.8 percent of non-oil sector domestic …
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including Bank of America Merrill Lynch and JP Morgan, to pursue an initial public offering next year, according to multiple people familiar with the process. The largest school operator in Dubai has also included Credit Suisse and Morgan Stanley in the …
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Credit card details of many UAE residents have been stolen and the central bank has asked financial institutions to inform customers and cancel the cards. “Please note that these details have been compromised and thus, contact the persons mentioned in the …
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Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, hosted the second monthly draw of its latest promotion, “Double Your Salary. Double Your Joy”. The second monthly draw was held at the Etihad Mall branch in Muhaisnah-1 and officiated by …
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ABU DHABI: The UAE Central Bank’s reserve of gold bars amounted to Dhs1.129 billion by the end of October 2017, a growth of 11.2 per cent from Dhs1.015 billion by the end of 2016. The month of April 2017 saw the CB resuming gold holdings after eight …
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This role has 3 core focus areas – Operational Delivery of the infrastructure tier for the Enterprise, integrating the application and infrastructure services to ensure business service availability and embracing new ways of working with infrastructure …
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… data for the second half of 2017 on the UAE economy point to of a gradual build-up in non-oil economic momentum in 2017 though headwinds remain, according to data compiled by Abu Dhabi Commercial Bank’s (ADCB) Economic Research. “A key driver is …
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It is licensed as a payments services provider by the Dubai Economic Department and is able to offer banking services by partnering with Sharjah-based United Arab Bank, which holds the deposits. But Rise wants to do more than just offer banking services to …
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This role will focus on all Network & Voice products with end to end responsibility of the platform ownership across whole of business. This role will be accountable for the overall platform operational stability and will lead the products engineering …
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The UAE National Emergency Crisis and Disaster Management Authority … According to Bloomberg, the Yemeni conflict has caused serious financial pressures at a time when oil prices are low and have led to a $200bn decline in Saudi net foreign assets …
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Dubai: The UAE’s banking sector outlook for 2018 remain solid in the context of stable operating environment in the country, according Fitch Ratings. “The UAE operating environment remained solid in 2017, and this is expected to continue in 2018, due …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, is the first UAE bank to become a signatory to the United Nations Global Compact (UNGC) – a UN policy initiative encouraging businesses …
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The United Arab Emirates (UAE) has now become the first Arab country to win Category B membership into the International Maritime Organization (IMO) Council. The win was the triumphant result of an election that included nominees from 11 leading countries …
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