Tag: banking

The Ministry of Finance (MoF) has announced that the Federal Financial System has been updated and is ready to manage all financial transactions related to the value added tax (VAT). This confirms MoF’s commitment to managing and developing the …
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Real wages are expected to fall in the UAE this year as inflation is set to exceed salary rises, according to the Hay Group. A forecast issued by the Hay Group division of Korn Ferry said that in the UAE, inflation of 4.6 percent combined with pay …
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This confirms MoF’s commitment to managing and developing the government financial systems in order to facilitate the federal entities’ transactions. All federal entities linked to the Federal Financial System are able to perform various VAT-related …
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A DUBAI billionaire is vowing to take on Amazon with his emerging e-commerce empire — and to get to the top he has some extreme working conditions for his staff. Mohamed Alabbar, 60, a real-estate tycoon, wanted to create a viable competitor to US tech …
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The UAE Central Bank has asked local banks not to increase the existing fees for customers due to upcoming Value-Added Tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of VAT …
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“We want to thank Emirates NBD for their integrated approach to stock market settlements, which will add depth to the UAE’s equity markets. We look forward to working closely with the bank on our transactions,” Hassan Al Shamsi, Shurooq Stocks …
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accounting for around 80 percent of the UAE banking system’s total assets, which reached Dh2.687 trillion. Islamic banks accounted for the remaining 20 percent, with total assets of Dh538.5 billion, a Wam news agency report said quoting the UAE Central …
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The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead arrangers and bookrunners. Aljada, a master-planned destination with a sales value of AED24 billion, was unveiled by Sheikh Dr Sultan bin …
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Bank Al Tamweel wa Inma (BTI) Bank, which opened its headquarters in Casablanca this week, plans to have 37 branches by 2022 in various cities of Morocco, ABG said in a statement on Nasdaq Dubai where its shares are listed. “We are confident of the large …
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ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah’s largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai …
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(MENAFN – Khaleej Times) The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for …
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… Bank of Abu Dhabi earlier in 2017 spurred talks of further mergers in the still-crowded banking industry. According to recent reports, two of the UAE’s smallest banks, the Bank of Sharjah and Invest Bank, are currently in merger talks. Stock markets …
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Dubai – Mubasher: The UAE stock markets are expected to see a positive performance amid the continuous accumulation by local investors as stocks reached attractive levels ahead of announcing firms’ annual financials. By the end of Wednesday trading …
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Tom Anderson, an investment manager at independent financial advisers Killik, who advises clients in Dubai, recommends drawing up a budget so you can see exactly what is coming in every month, and what is going out. Work through your bank and credit card …
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DUBAI, Dec 27 (Reuters) – A senior UAE diplomat said on Wednesday the Arab world would not be led by Turkey, the Gulf State’s first comment on Ankara since a quarrel broke out last week over a retweet by the Emirati foreign minister that President Tayyip …
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The UAE banking sector’s performance will see a stabilisation as the economy also does so with the recovery in crude prices and strong capitalisation of financial institutions, according to industry analysts. “We think that 2018 will be marked by a …
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Union Properties has announced its intention to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018. The company said it will list the ServeU shares on Dubai …
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