UAE residents optimistic about financial future

Nearly nine in 10 people in the UAE are supporting a parent or child financially, while almost 100 per cent say they expect their financial situation to either improve or stay the same, an HSBC survey finds. The UAE ranks the second highest globally with ... ( read original story ...)

UAE’s big banks maintain stable profitability

Dubai: The top four UAE banks that account for more than 60 per cent of the banking system assets in the country have maintained stable profitability supported by higher yields and stable funding costs generating higher net interest income according to ... ( read original story ...)

UAE’s IPO drought is likely to ease from this year

Dubai: The IPO activity in the UAE has remained subdued for the past few years, which can be broadly attributed to two factors — firstly and the most important one is the lack of favourable market conditions, and secondly the unfriendly regulatory ... ( read original story ...)

QVT Financial’s Investments, Performance, Letters

For example, in 2009, QVT led a group of bondholders to explore their options regarding the delayed debt payments of Nakheel, a real estate company owned by Dubai World. In 2007, QVT joined six other hedge funds to urge Refco Inc. to increase its payments ... ( read original story ...)

UAE’s largest banks to maintain ‘solid’ profits in 2018

The four largest banks in the UAE will see robust profits in the next 12 to 18 months despite pressure on fees and commision income, a Moody’s report states. Moody’s Investors Service said First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial ... ( read original story ...)

UAE- Islamic banking attracts flocks of Pak customers

(MENAFN - Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks' #Pakistan units ... ( read original story ...)

Islamic banking attracts flocks of Pak customers

Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks' Pakistan units are launching new products ... ( read original story ...)