The UAE Central Bank withdrew AED3.1 billion in excess liquidity during August, bringing the total withdrawals to AED11.3 billion in two months, UAE state news agency WAM reported. The apex bank said the move is part of its continuing efforts to manage …
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Dubai Islamic Bank : DEWA customers can pay in instalments with DIB
DUBAI, 25th September, 2017 (WAM) — Dubai Electricity and Water Authority, DEWA, has signed an agreement with Dubai Islamic Bank, DIB, allowing customers to pay their bills in instalments of up to 12 months without additional fees when they use DIB credit …
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Improving financial literacy in the UAE still needs attention
According to Sara Abdulrahim and Arwa Ali, the biggest challenge for young Emiratis looking to manage their money is the lure of social media. “Social media makes you want to spend more,” says Ms Abdulrahim, 29, a credit analyst at Emirates Global …
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MASHREQ: CEO LEADERSHIP SERIES
For the full interview click here. The bank occupies a unique position in the UAE banking sector. It is the largest and oldest privately-owned bank in the UAE. However, the bank is unique not simply because of its size or longevity but also because it has …
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EY’s regional head on adapting to the GCC’s shifting sands
“Audit and accounting firms are actively recruiting new staff with VAT experience to build up their capabilities in servicing clients in the UAE and other GCC countries … mergers and acquisitions and IPO activity within the GCC and wider MENA region?
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Money supply in UAE decreased by 0.9% — UAE Central Bank
Dubai: The UAE Central Bank said yesterday that the country’s money supply in different measures has decreased during the month of August 2017 by 0.9 per cent. In its monthly statements, the Central Bank figures showed that the decrease ranged between 1 …
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Dubai gold prices fall further: Time to buy?
Dubai: Jewellery lovers who hit the shops today may find some … However, the bullion failed to keep the momentum. Ole Hansen of Saxo Bank had said gold was under pressure sometime last week , especially following Wednesday’s Federal Open Market …
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Hard to digest: why Philippines’ Jollibee wants to buy Pret A Manger – for ‘US$1 billion’
Within Asia, it has branches in Singapore, Shanghai, and Dubai. It also operates in France and the US … The acquisition could also be a less volatile exit strategy for Bridgepoint than an IPO. McDonald’s, which bought its 33 per cent stake just …
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Gold rush sees hedge funds seek profit from tools of trade
The Dubai Gold and Commodities Exchange set up a link to London … but they’re eager to change that.” Tarricone will offer a hedge fund next month to bet on gold and other raw materials. Arion Investment Management aims to lure $500mn in funding.
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Legg Mason (LM) & Waddell & Reed Financial (WDR) Head-To-Head Contrast
Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform … Canada, Chile, China, Dubai, France, Germany, Italy, Japan, Luxembourg, Poland, Singapore, Spain, Switzerland …
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UAE to provide US$30 million financial support to United Nations
The UAE has announced its intention to make two financial donations to the United Nations; US$15 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East, UNRWA, to help in its basic programmes for Palestinian refugees …
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Interview: S&P Dow Jones Indices regional head on the Gulf markets
El Azzi says the company has had “a lot of discussions” regarding the IPO not least because of the weight it would … seeing it alongside Kuwait and the UAE as being among the biggest growth drivers in the vast region he oversees.
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Saudi market regulator approves Awazel IPO
Saudi Aramco, the world’s top oil producer, will also tap the equity markets next year, and may raise $100bn in the world’s largest-ever IPO deal when it sells less than a five per cent stake to the public. In the UAE, Abu Dhabi’s Adnoc plans to sell …
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Global Markets Steady Despite North Korea Threat
The IPO has a price band of Rs 685-700 per share … planning to acquire up to 20% stake in an oil field belonging to Abu Dhabi National Oil Company in UAE. According to the Oil India’s CMD, 20% stake will be a consortium of BPCL, ONGC Videsh Ltd, Oil …
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Popularity of Islamic banking products slumps in the UAE
The number of UAE consumers applying for Islamic banking products has declined since last year, according to a new study from yallacompare, the Middle East comparison website. Yallacompare data revealed during the first half of 2017 10.5 percent fewer …
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Now we can finally live like The Jetsons
Only when society “breaks free of the dead hand of the hedge-fund managers and CEOs” will “our imaginations … Airbus, Google and Toyota are also investing in flying motors, and in Dubai the authorities have announced trials of an air-taxi service …
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Dubai’s DIFC launches The Academy centre of excellence
Dubai International Financial Centre (DIFC) has announced the launch of The Academy, a state-of-the-art facility for the promotion of excellence in business and financial services. The Academy will form partnerships with leading business schools and …
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