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Tag: banking

Posted on 10/06/2020

Virus slows Dubai airport, world’s busiest for global travel

Perhaps nowhere is the world’s lack of flights due to the coronavirus pandemic more clearly felt than at Dubai International Airport, for years the world’s busiest for international travel. Its …
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Posted on 10/06/2020

HSBC extends $558mln funding for UAE’s Etihad Rail project

supply chain and receivables finance cash management and foreign exchange solutions” for the completion of the railway. The portion of the project that is being financed involves the construction of a …
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Posted on 10/06/2020

UAE Cabinet approves reformation of Board of Directors of Etihad Credit Insurance

Deputy Ruler of Dubai and Minister of Finance, as per the Article of Association of the Company, which requires the re-appointment of the Directors, after a period of three years. The members of the …
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Posted on 09/06/2020

MIDEAST STOCKS-Profit-taking weighs on Dubai; Saudi rises as bank stocks gain

Dubai’s stock market fell on Tuesday, snapping six sessions of gains, dragged by property shares and profit-taking, while the Saudi index rose modestly. June 9 (Reuters) – Dubai’s stock market fell on …
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Posted on 09/06/2020

Dubai Islamic Bank tightens guidance for dollar sukuk, gets over $4.15 bln in orders – document

Dubai Islamic Bank tightened the price guidance for its planned issuance of long five-year dollar sukuk and received more than $4.15 billion in orders for the Islamic bonds, a document showed on …
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Posted on 09/06/2020

Saudi takes lead in MENA IPOs; four deals raise $814.2mln in Q1 2020

The MENA region recorded an increase in IPO volume and value during Q1 2020, with four IPOs raising total proceeds of $814.2 million. This represents a 14-fold increase when compared to the $57.6 …
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Posted on 09/06/2020

Corporate tax in UAE will turn away investors, says GWS Group chairman

The introduction of a corporate tax in the UAE will turn away international investors and wealthy residents, according to the chairman of tax advisory GWS Group, in response to a prediction by Emirati …
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Posted on 09/06/2020

Majority of UAE banks plan to enable open banking in one year

Eighty-eight percent of finance institutions in the UAE plan to enable open banking in the next 12 months, a survey conducted by Finastra research revealed. Open Banking is a system that provides …
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Posted on 07/06/2020

Shrinking interest margins hurt UAE bank profits

The report said that the top 10 UAE banks reported a combined 6.3 per cent quarter-on-quarter drop in interest income, largely due to the low interest rate environment. The net profit declined by 22.4 …
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Posted on 07/06/2020

Islamic Finance: OIC’s economic share at $6.6trln

The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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Posted on 07/06/2020

UAE- Cabinet approves newly-formed AECB’s Board of Directors

The Cabinet has approved a resolution to reconstitute the Board of Directors of Al Etihad Credit Bureau, AECB, under the chairmanship of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai …
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Posted on 06/06/2020

UAE- OIC’s economic share at $6.6 trillion

The share of the Organisation of Islamic Countries (OIC), in the global economy shrank last year, accounting for 8 per cent or $6.6 trillion of global economy which is estimated at $86.6 trillion, …
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Posted on 05/06/2020

KSA and UAE Food & Beverage Markets 2019-2020 – Consumption Habits, Mega Trends, Emerging Opportunities

The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B consumption patterns across the 2 countries, and provides the shares of the various food …
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Posted on 05/06/2020

Amid pandemic, life insurance becomes priority for UAE residents

According to the survey results, 46 percent of UAE residents have indicated that life insurance is more important to them than before the pandemic – placing it four times higher than travel insurance …
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Posted on 04/06/2020

Jailed Businessman Gets Chance To Attend UK Fraud Trial

An Indian businessman accused of tricking a hedge fund into buying $70 million in securities won a chance at defending himself in London when a judge adjourned the trial on Thursday to allow him to …
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Posted on 04/06/2020

Best Things to Do in Dubai and Skydiving Packages From Cloudsdeal

Cloudsdeal.com presents a complete list of amazing places to explore in Dubai, one of the most beautiful cities that everyone must visit on their vacation. From the record-breaking architecture, …
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Posted on 04/06/2020

2020 Outlook of the KSA and UAE Food & Beverage Market – ResearchAndMarkets.com

Outlook of the KSA and UAE F&B Market” report has been added to ResearchAndMarkets.com’s offering. The 2020 outlook of the KSA and UAE F&B market charts out the prevailing trends in the F&B …
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