The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.72 billion during the first quarter of 2018, a growth of 6.6 per cent from Dh1.099b during the corresponding period 2017. Statistics issued by the bank showed that its reserves …
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Central Bank of UAE Publishes 2017 Financial Stability Report
The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy …
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UAE Signs Agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion With Saudi Arabia
The UAE, represented by the Ministry of Finance (MoF), signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income and capital, with Saudi Arabia yesterday. The signing took place at the …
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UAE and Saudi avoid tax evasion under new agreement
The signing took place at the headquarters of the Saudi Ministry of Finance in Jeddah. The agreement reflects the UAE’s keenness to strengthen cooperation in tax-related matters and enhance economic relations with its neighbour. HE Obaid Humaid Al Tayer …
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Put your savings to work with offshore banking
With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE. Here are our …
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UAE Central Bank publishes 2017 financial stability report
The report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The report also includes assessment of key macro- financial and banking sector developments.
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Kushner startup said to seek Saudi, UAE-backed Softbank funds
The United Arab Emirates has put at least $15 billion into the Vision … But he hasn’t divested his Cadre stake, valued at $5 million to $25 million on his most recent financial disclosure form. People close to Cadre – whose founders include Jared …
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UAE- Sheikh Mohammed receives leaders of media
Deputy Ruler of Dubai and UAE Minister of Finance, Sheikh Mansour bin Mohammed bin Rashid Al Maktoum and Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and National Media Council Chairman. Sheikh Mohammed discussed with the media personalities …
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Matthias Knab
Mr. Knab has frequently served as chairman of hedge fund conferences in New York, Greenwich, Tokyo, Shanghai, Hong Kong, Miami, Bahamas, Stockholm, Dubai etc. In addition, he has presented or moderated at hedge fund events in London, Geneva, Zurich …
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Dubai’s Biggest Bank Bets $3.2 Billion on Turkey’s Wild Ride
Emirates NBD PJSC is buying the lender from Russia’s Sberbank at a time when the country is struggling with a plunging currency, a wave of debt restructurings, looming elections and political meddling in the finance industry. The purchase is both Turkey …
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Winning the digital banking battle
McKinsey’s latest research reveals that at least 80 per cent of urban consumers in the UAE now prefer to do a portion of their banking through digital channels. The new digital banking experience is about agility, mobility, connectivity, efficiency and …
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Personal finance in the UAE: Residents track finances better but struggle with saving and debt
While UAE residents are keeping better tabs on their finances with fewer living beyond their means, saving and staying on top of debts is now a struggle, a new personal finance index from Abu Dhabi Islamic Bank has revealed. According to the bank’s …
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UAE’s credit profile reflects support from hydrocarbon reserves
The UAE’s very high fiscal strength reflects the country’s record of large fiscal surpluses and build-up of very large financial assets in Abu Dhabi’s sovereign wealth fund (ADIA). Although the general government fiscal position deteriorated significantly …
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UAE banks can withstand ‘severe yet plausible deterioration’
Dubai: The UAE’s banking system has “sufficient capacity to withstand a severe yet plausible deterioration in macroeconomic and financial market conditions,” according to the country’s central bank. The assessment comes after banks in the UAE …
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UAE banks get go-ahead to share Winsome information with India
CBI stepped up its investigations after huge unauthorised lending by PNB to jewellers Nirav Modi and Mehul Choksi (uncle and nephew) rattled the banking industry. MUMBAI: In a rare move, the United Arab Emirates (UAE) has given its banks go-ahead to share …
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Which UAE bank was most recommended by satisfied customers?
Souqalmal.com has also released its annual rankings of the UAE’s ‘Most Popular Banking Products’ to supplement the findings from the survey. The rankings cover four of the most visited product categories – personal finance, credit cards …
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Strong Programme Raises Profile of the Maritime Standard Ship Finance and Trade Conference
This will include case studies from the UAE commodity markets, maritime law issues, environmentally inspired investments and the development of new trade-supporting financial products. Trevor Pereira, managing director of The Maritime Standard, says …
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