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Tag: banking

Posted on 19/09/2018

Merger to boost Bank of Baroda’s Gulf operations

The Gulf operations of Bank of Baroda (BoB), the only Indian lender with a presence in the UAE, will get stronger following its impending merger with two other public sector banks, the bank’s regional …
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Posted on 19/09/2018

UAE stocks end lower as sentiment remains sour

On DFM, Dubai Islamic Bank rose 0.97 per cent, as GFH Financial Group gained 1.48 per cent, and Drake and Scull International increased 1.24 per cent. Meanwhile, Deyaar jumped 5.44 per cent.
( read original story …)


Posted on 19/09/2018

Dubai’s Emaar, Emirates NBD partner for new credit cards

Dubai bank Emirates NBD has partnered with Emaar to launch new credit cards incorporating the developer’s ‘U By Emaar’ loyalty programme. The Emirates NBD U By Emaar Visa credit cards will …
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Posted on 19/09/2018

Bank branches have not outlived purpose in ATM era

According to research by Kaspersky Lab, 97 per cent of the UAE’s population carry a smart device, with 61 per cent conducting banking transactions via mobile apps. Customer demand is decisively …
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Posted on 19/09/2018

The Debt Panel: Dubai resident’s four credit cards have become a lifeline

Please can you offer a practical solution to help me solve this problem. BA, Dubai Debt Panellist 1: Philip King, head of retail banking at Abu Dhabi Islamic Bank I’m afraid you’ve fallen into the com…
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Posted on 19/09/2018

Dubai spurs GCC Corporate earnings growth

Compared to the growth rate of 6.5 per cent in 2017, corporate earnings in Dubai recorded an exceptional surge to account for 8.5 per cent of the emirate’s gross domestic product, according to data pr…
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Posted on 19/09/2018

Emerico Highlights Suite of Digitisation Technologies for the Banking Industry at the ME Banking Innovation Summit in Dubai

Innovative solutions include the V3 Cockpit Smart VTM that combines traditional ATM features with over-the-counter services Emerico, a world leader in banking and retail technology, is showcasing its …
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Posted on 19/09/2018

Emirates NBD and Emaar Partner to Introduce Dubai’s Most Rewarding Card Programme, Emirates NBD U by Emaar Visa Credit Card

U By Emaar, the customer-focused loyalty programme by Emaar, has joined hands with Emirates NBD, a leading bank in the Middle East, and the world’s leader in digital payments, Visa, to create Dubai’s …
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Posted on 18/09/2018

Nasdaq Dubai Announces Investment Research Collaboration with OBG

Nasdaq Dubai and Oxford Business Group (OBG) announced today that they have formed a partnership to deliver financial intelligence and economic analysis for the Middle East. The intelligence will be f…
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Posted on 18/09/2018

New UAE Visa Law Might Propel It to Top 10 World Financial Hubs

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings, thanks to new government laws affecting exp…
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Posted on 18/09/2018

UAE’s new expat laws could make it top ten world financial hub in a decade

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings, thanks to new government laws affecting exp…
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Posted on 17/09/2018

Is the UAE’s new five-year visa a game changer for expat retirement?

Financial advice for expatriates in the UAE has traditionally focused on investing offshore, to ensure pension pots are accessible in whatever country they choose to relocate to. A new plan announced …
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Posted on 17/09/2018

Why are certain personal UAE bank accounts frozen?

Read 2017 report reaffirms robust, resilient UAE banking industry Ultimately, professionals at Guardian Wealth Management, the world’s leading provider of international lifestyle financial planning, s…
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Posted on 17/09/2018

United Arab Emirates shares lower at close of trade; DFM General down 0.79%

Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Real Estate & Construction, Finance & Investment and Banking sectors propelled shares lower. At the cl…
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Posted on 17/09/2018

UAE gas firm Brooge Petroleum eyes London IPO

RELATED ARTICLES: UAE set to build oil pipeline between Ethiopia, Eritrea | Chinese firm to build two Saudi Aramco oil islands | Baker Hughes wins Saudi Aramco’s Marjan oilfield expansion contract The …
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Posted on 17/09/2018

UAE’s Brooge Petroleum plans to float 40 percent stake in London IPO

DUBAI (Reuters) – The United Arab Emirates’ Brooge Petroleum & Gas Investment Co. plans to float 40 percent of its capital on the London Stock Exchange in October, Chief Executive Officer Nicolaas Paa…
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Posted on 17/09/2018

Roadblocks To Innovation: UAE Small Businesses Sound Off On Working With Banks

The relationship between banks and small-scale ventures in the UAE has always been close (by its very nature), but also quite intense- by choice, apparently. On one hand, the local banking sector ofte…
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