Tag: banking

Emirates NBD today announced its position as the UAE’s most valuable banking brand with a US$3.534 billion brand valuation in The Banker’s annual brand valuation league table. The bank also secured a spot among the top 100 global banking brands, coming …
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Banks in the United Arab Emirates are hopeful of recovering some funds in 2018 from the multibillion-dollar collapse of Saudi Arabia’s Saad Group and Ahmad Hamad al-Gosaibi & Bros Co (AHAB) nearly a decade ago, a senior banking official told Reuters.
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Al Ahli Holding Group, a major UAE conglomerate, has secured an Islamic club financing facility worth Dh1.25 billion ($340 million) for the expansion and general corporate purposes of Dubai Outlet Mall. Dubai Islamic Bank acted as the coordinator, mandated …
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Dubai gold trader Regal RA DMCC is the first company in the Middle East to get a license to trade cryptocurrencies, the Dubai Multi Commodities Centre said. The company will offer storage of Bitcoin, Ethereum and other cryptocurrencies in a vault located …
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Emirates NBD, Dubai’s biggest lender, said its fourth quarter profit rose 17 per cent, in part aided by higher interest rates. Profits at Abu Dhabi Islamic Bank, the Emirate’s biggest Sharia-compliant lender, rose 33.4 per cent in the fourth quarter of …
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(MENAFN – Khaleej Times) IPO activity in UAE has remained subdued for the last few years given the unfavourable market conditions as the region witnessed declining oil prices and economic uncertainty. Most of the prospective companies decided to either …
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The Ministry of Finance (MoF) held a series of sessions and meetings in the presence of HE Christine Lagarde, Managing Director of the International Monetary Fund (IMF), who is visiting the UAE to participate in the Arab Fiscal Forum and World Government …
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Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
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Bank ABC’s Group Chairman, Mr. Saddek Omar El Kaber, commented that “We are pleased to see the continuing progress of the Group with improved growth in profitability of 6% year on year. This year also saw the expansion of our network footprint to Dubai …
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DUBAI, 11th February, 2018 (WAM) — The Dubai Financial Services Authority, DFSA, and the Central Bank of Oman signed a Memorandum of Understanding, MoU, to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was …
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The data bank will overcome one of the major hurdles that various international aid organisations face when a humanitarian crisis or disaster begins to unfold. Namely, that it can take up to 24 hours for emergency response hubs such as those in Dubai and …
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Dubai Financial Market (DFM) in partnership with the Canadian … We are extremely excited as we will be welcoming First Abu Dhabi Bank and Emirates NBD to our fold as partners in this venture.” Successful traders and reputable financial firms are …
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Dubai Holding’s Emirates International Telecommunications … The company, which owns stakes in Axiom Telecom and Du, is speaking to lenders including Emirates NBD PJSC, Noor Bank PJSC and Commercial Bank International PSC about a club loan, said the …
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Modi praised the UAE, home to 3.3 million Indian nationals … Highlighting his government’s cutting-edge initiatives, such as a unified ID system linked to mobile phones and bank accounts, Modi appeared right at home in the tech-obsessed emirate.
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The annual Banker Middle East UAE Product Awards are designed to recognise banking and financial products and services that are either exceptionally innovative or have witnessed excellent financial performance and/or transference of market share.
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UAE Exchange follows in the footsteps of India’s Axis Bank, which also recently joined the RippleNet messaging system to speed remittance flows between India and the Middle East through an arrangement with the UAE’s Rakbank.
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Through this partnership, UAE Exchange joins RippleNet, Ripple’s enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which …
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