Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 …
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UAE Central Bank Imposes Sanctions on 6 Banks
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on six banks operating in the UAE, pursuant to Cabinet Resolution No. 9 of 2021, implementing certain provisions of the Organisation …
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DFM posts 63% growth in net profit of H1 2022 to $17.27mln
DUBAI – The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit to AED63.4 …
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UAE’s top bank FAB cautious after flat second quarter profit
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, struck a cautious tone on the second half of the year on Thursday, as it reported broadly flat second quarter profit.
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DFM second-quarter net profit more than doubles as trading values surge
Dubai Financial Market reported a 134 per cent annual increase in second-quarter net profit, driven by improved trading values and rising income. Net profit attributable to the owners of the company …
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UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the country’s reporting procedures. The directives, in line with the Organisation for …
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UAE Central Bank announces more sanctions
The Emirates is seeking to improve its record on financial transparency after being implicated in money laundering and sanctions evasion controversies.
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UAE, other GCC central banks follow Fed move to hike interest rates by 0.75%
CBUAE maintained interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
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UAE bank ADCB quarterly net profit up 12%
Abu Dhabi Commercial Bank (ADCB) , the UAE’s third-biggest lender, reported on Thursday a 12% rise in second-quarter net profit, supported by rising rates and higher non-interest income.
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Time to remit? Pakistani rupee at an all-time low against US dollar, UAE dirham – but not for long
Pakistan currency hovers at 236 against the US dollar, at 64.3 against the UAE dirham Dubai: If UAE expats were looking to remit more Pakistani rupees back home, the time is ideal as the current …
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UAE Central Bank imposes financial sanctions on 6 banks
The Central Bank of the UAE (CBUAE) on Thursday said it imposed financial sanctions on six banks operating in the UAE for failures to achieve appropriate levels of compliance regarding required due …
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UAE central bank sanctions six banks for non-compliance on tax evasion-related requirement
The provision refers to banks implementing the Common Reporting Standard (CRS), which is a reporting requirement to help fight against tax evasion. UAE central bank sanctions six banks for …
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Central Bank of UAE imposes sanctions on six banks for compliance failure
Sammy Dallal The Central Bank of the UAE rolled out a number of initiatives to regulate the country’s financial sector in recent months. Sammy Dallal / The National . The Cen …
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ADNOC joint venture Borouge hits $3.46b in H1-22 revenues – and shareholders eye $975m in dividends
Dubai: Abu Dhabi’s ADNOC JV Borouge has seen first-half 2022 revenues hit $3.46 billion from a 16.4 per cent increase, helped by steadily improving prices for petrochemical products. In fact, Borouge …
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UAE Salary Guide for Year 2022
Businesses in the UAE are stepping up their hiring efforts to replace talent lost during the pandemic.According to the recruitment firm Robert Half’s 2022 Salary Guide, firms in the UAE to reconsider …
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UAE central bank hikes base rates by 0.75%
CBUAE maintained interest rate applicable to borrowing short-term liquidity from the regulator through all standing credit facilities at 50bps above the base rate …
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Central Bank of UAE raises interest rate after Fed’s aggressive rise
The Fed on Wednesday increased the policy rate by 75 basis points (bps) after a larger-than-expected three-quarters percentage point in June. This is the Fed’s fourth interest rate increase in four …
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