We are a successful and dynamic company based in London, looking to engage with an UAE based Trade Finance Administrator to support our local UAE DMCC company. Reporting to our Structure Finance Direc…
( read original story …)
UAE telecom operator du announces CFO resignation
UAE telecoms operator Emirates Integrated Telecommunications Company (EITC) – the parent company of du – announced that its chief financial officer, Amer Kazim, has resigned. Kazim …
( read original story …)
Dubai’s du says chief financial officer has resigned
Emirates Integrated Telecommunications Company (EITC) today, better known as du, on Thursday announced the resignation of its chief financial officer, Amer Kazim. The company said Kazim is leaving to …
( read original story …)
UAE’s du announces resignation of chief financial officer
Dubai: Emirates Integrated Telecommunications Company (EITC), the parent company of du, announced on Thursday that its chief financial officer (CFO), Amer Kazim, has resigned. The company said …
( read original story …)
DFSA joins launch of Global Financial Innovation Network
The Dubai Financial Services Authority (“DFSA”) is pleased to announce the launch of the next phase of the Global Financial Innovation Network (“GFIN”) This pilot cross-border testing follows last yea…
( read original story …)
UAE Bank merger: ADCB, UNB and Al Hilal Bank answer you questions
The official website of the three merging banks, ADCB , UNB and Al Hilal who are expected to finalise their merger by mid 2019, has published answers to the most frequent questions being asked by …
( read original story …)
UAE firms tie up in three-way mega merger to create $114 billion banking giant
Abu Dhabi Commercial Bank, Union National Bank and Bank Al Hilal have announced a major three-way merger deal that will create the fifth largest lender in the MENA region with combined assets of $114 …
( read original story …)
Ministry of Finance hosts delegation from the Global Forum on Transparency and Exchange of Information for Tax Purposes
Abu Dhabi UAE: The Ministry of Finance (MoF) recently hosted a delegation from the Global Forum on Transparency and Exchange of Information for Tax Purposes at its headquarters in Abu Dhabi during the…
( read original story …)
Dubai Islamic Bank net profits up 11% to Dh5 billion in 2018
Dubai: Dubai Islamic Bank (DIB) on Wednesday reported Dh5 billion net profits, up 11 per cent compared to Dh4.5 billion in 2017. In response to the strong performance, DIB’s board of directors …
( read original story …)
ADCB, UNB, Al Hilal join to create powerful banking group
The UAE banking sector is set to have a powerful new banking group following the decision of Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) to merge and together to acquire Al Hilal Ba…
( read original story …)
Three Abu Dhabi lenders agree to create $114 billion bank
DUBAI/ABU DHABI (Reuters) – Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates. The bank will beco…
( read original story …)
UAE banks ADCB and UNB agree on merger and takeover of Al Hilal
… and Union National Bank have agreed to a merger to create an entity that will take over Al Hilal Bank and become the third largest lender in the UAE. The merged entity will have an asset base of D…
( read original story …)
Dubai’s DIFC launches balloon trips for 15th anniversary
Dubai International Financial Centre (DIFC) has unveiled the DIFC Hot Air Balloon in celebration of its 15-year anniversary. The DIFC Hot Air Balloon will be operated by Balloon Adventures Emirates, p…
( read original story …)
UAE-Saudi digital currency will be restricted to few banks, central bank says
A proposed UAE-Saudi digital currency will be restricted to a few banks in each country towards executing financial settlements between the two, the Central Bank of the UAE said on Tuesday. The curren…
( read original story …)
Pakistan plans digital bank to lift remittances from UAE
A complete package of incentives will soon be introduced for overseas Pakistanis who’ll send remittances through banking channels, a senior Pakistani official said. Zulfikar Bukhari, special ssistant …
( read original story …)
Fraud alert: Sharjah Police warn UAE residents of new bank scam
Dubai: A new scam is making the rounds among bank customers, prompting police to caution residents over suspicious text messages. The Sharjah Police General Command warned owners of bank cards …
( read original story …)
New IPO rules for trade agencies ‘a big positive’
Charles-Henry Monchau, Managing Director – CIO & Head of Investments at Al Mal Capital, a subsidiary of Dubai Investments said that the need to get funding through an IPO route is needed as …
( read original story …)