Our aim is to bring financial inclusion and literacy to this unbanked population. With UAE Exchange, the region’s most trusted money transfer provider, as our remittance partner, we will add yet another great service for our customers,” said Milind …
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UAE’s FTA extends penalty exemptions period for late VAT registrants to April
“The FTA is actively contributing to achieving the long-term strategic objectives of the tax system,” said Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance. “The foremost goal is to promote economic diversification …
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UAE Exchange partners with Kayan Labs for rise mobile application, the world’s first migrant wealth management platform
To bring such workers under the financial realm, UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, has signed a MoU with Kayan Labs for exploring new channels to provide remittance facility through ‘rise …
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UAE finance professionals are the most stressed globally, report says
Finance professionals in the UAE are the most stressed in the world and could see their anxiety levels rise further in the next two years as they grapple with the new VAT regime and struggle to meet tight deadlines. Eight-three per cent of the chief …
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Outlook on lagging UAE indices still positive
The Dubai Financial Market General Index has shed more than 3.5 per cent so far in the year, after losing 6 per cent in 2017. The MSCI emerging market index has gained more than 4 per cent so far in the year after gaining 28 per cent in 2017.
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Deutsche Bank on hiring spree in Saudi Arabia, UAE
The Frankfurt-based bank plans to hire in Dubai and Abu Dhabi to cover sovereigns and large … we expect a good increase in deal volume coming to the regional markets this financial year.” International investor interest in Saudi Arabia remains high …
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UAE MoF throws spotlight on fintech at Finovate Middle East
Held in partnership with the UAE Ministry of Finance and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast opened today (26 February) and runs for two days at the Madinat Jumeirah …
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UAE Ministry of Finance throws spotlight on fintech at Finovate Middle East
Dubai, UAE; 26 February 2018: More than 400 leaders in the industry of fintech have gathered in Dubai today to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE …
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Dubai to Riyadh: A guide to the MidEast bank stocks tipped to gain
Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. “Banks is where we go …
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Revealed: the average expat salary in Dubai
Mumbai took the top spot for expat salaries – the average expat there earning $217,165. Marwan Hadi, head of Retail Banking and Wealth Management, HSBC, UAE, said: “It is not at all surprising to see that Dubai, and the UAE, continue to be the …
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Emirates Institute for Banking Studies Hosts 40 Emirati Alumni of Leadership Program
In line with the mandate of the Ministry of Human Resources and Emiratisation, the scheme provides training and educational opportunities to UAE nationals who will be the banking leaders of tomorrow. Sessions such as the one today – that brought together …
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UAE’s largest bank approves record cash dividend
First Abu Dhabi Bank (FAB), the UAE’s largest bank, approved the distribution of 70% cash dividends (AED 0.70 per share), as recommended in their annual results last month. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its …
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Mideast Bank stocks tipped to gain
“Going into 2018, UAE banks screen most attractively relative to others from European, Middle East and African emerging markets,” said Hootan Yazhari, head of MENA and global frontier markets at Bank of America Merrill Lynch in Dubai. He expects …
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Dubai Islamic Bank : Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after its launch. The Upperhill-headquartered financier said in a notice it is seeking individuals for 15 senior positions …
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‘How Sterling Bank made my desire to be in Dubai a reality’
Sterling Bank Plc recently unveiled a new promo tagged 1dament to reward its new and existing customers during the last Christmas season and in the New Year. The promo, which kicked off in the first week of December 2017, will end in March 2018. Some of …
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Dubai Islamic Bank hosts AGM and agrees on cash dividends
The assembly also approved the bank’s 2017 financial statements. For the year 2017, DIB reported a net profit of AED 4.5 billion, an increase of 11 per cent compared to AED 4.05 billion in 2016. Other agenda items concluded at the AGM included the review …
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Dubai Islamic Bank : lists $1bln sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB) was declared to have raised USD1 billion in the listing of sukuk on Nasdaq Dubai. All sukuk of which Dubai’s exchanges have listed were revealed to have stood at an overall worth of USD53.47 billion. “2018 has once again seen DIB …
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