StanChart CEO says Gulf rift puts Dubai finance hub at risk

LONDON (Reuters) - The boss of Standard Chartered (STAN.L) has warned that Dubai risks damaging its status as a financial center as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a ... ( read original story ...)

“Misr Um El Donia” account launched in UAE

We are very happy to offer our Egyptian clientele the opportunity to bank with convenience. We’ve tailored this to meet the needs of customers who live in the UAE but also bank in Egypt, support family members and pay any outstanding bills back home. ( read original story ...)

Qatar’s IHG to list on bourse despite diplomatic crisis

DUBAI, Aug 6 (Reuters) - Family-owned Qatari conglomerate Investment Holding Group IPO-INVH.QA plans to list on the local stock market next week in a sign that authorities intend to push ahead with developing Qatar's financial markets despite a diplomatic ... ( read original story ...)

Crowdfunding set to revolutionise fund-raising for SMEs

However, the recent efforts of the Dubai International Financial Centre (DIFC) and its regulator, the Dubai International Financial Services Authority (DFSA), are giving it a formal framework that sets out the rules of the game. Crowdfunding is a generic ... ( read original story ...)

The Latest: Dubai high-rise fire began from clothing

Firefighters say a blaze on a Dubai skyscraper began from clothing left on a balcony. Capt. Amer Abdulwahab al-Qahtani of the Dubai Civil Defence told The Associated Press that Sunday’s blaze at the Tiger Tower began on the 53rd floor. He says ... ( read original story ...)

New phase of FAB brand roll-out begins

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year. During the coming months, the bank ... ( read original story ...)

Aramex announces resignation of board member

The company revealed this in a statement posted on the Dubai Financial Market’s website. Aramex’s second-quarter net profit to June 2017 grew by 4 per cent to Dh1.15 billion, compared to Dh1.1 billion in the same period last year. Net profits in the ... ( read original story ...)

Be cautious of public WiFi scams, says Dubai Police

Dubai Police has issued a warning about the dangers of using ... "Cyber criminals will use every opportunity to infiltrate networks in order to gather personal and financial details. Quickly they can extract this information." Cybercriminals use this ... ( read original story ...)

Saudi and UAE bourses flat, Qatar stocks fall

Stock markets in Saudi Arabia and Dubai were flat on Sunday after a mixed group of Saudi ... citing a decrease in residential sales and higher financial charges. Al Andalus Property edged down 0.5 per cent. It reported second-quarter net profit of 27.6 ... ( read original story ...)