UBF banking forum to focus on future of tech-based banking

... (UBF), a professional representative body comprising 48 member banks operating in the UAE, has released the full agenda on the Middle East Banking Forum. Currently in its fifth edition, the forum is a premier annual event for the region’s banking ... ( read original story ...)

UAE deposit growth surged as credit growth remained weak

Dubai: Deposits in the UAE’s banking system rose in September as credit growth continued to be anaemic, according to UAE Central Bank monetary data. Gross credit growth remained lacklustre in September at just 0.1 per cent month on month. This reflected ... ( read original story ...)

Dubai developer Union launches new investment arm

Union Properties on Monday announced the formation of a new investment arm, UPP Capital Investment, as the Dubai-based real estate group continues to roll out its diversification strategy. The new entity will specialise in direct and indirect real ... ( read original story ...)

Dubai bank Emirates NBD’s Q3 profit rises 37%

Emirates NBD (ENBD), Dubai’s largest lender, posted a 37 per cent rise in third-quarter net profit on Monday as impairments tumbled and operating income rose. The bank, the last major lender from the United Arab Emirates to report its earnings during the ... ( read original story ...)

Dubai CommerCity first regional e-commerce free zone

Dubai CommerCity, the first free zone dedicated to e-commerce in the MENA region, is intended to promote Dubai’s position as a leading platform for international e-commerce and to support economic diversification and smart transformation strategies. The ... ( read original story ...)

Dubai’s Noor Bank says managing director to leave on Oct 31

Dubai-based Noor Bank has announced the departure of Hussain Al Qemzi from his position as managing director, effective from October 31. Al Qemzi was CEO of Noor Bank from its inception in 2008 until June when he became the bank’s first managing director ... ( read original story ...)

Could Aramco renege on the IPO plan?

IPO vs. private share placement It’s possible that a change ... at the Lebanese American University and has a Master’s degree in International Affairs. by Dubai American Academy ( read original story ...)