The Dubai Financial Market General index closed 0.42 per cent higher at 3,617.40, after trading in the range of 3,586.53- 3,617.43. “The market today was mainly driven by trading opportunities. The main focus was still on insurance sector, and investors …
( read original story …)
Chief Financial Officer
… UAE – Dubai – Robert Half are working with a large Outsourcing company based in Dubai. Due to an internal move the business is looking to recruit a Chief Financial Officer. The Company Robert Half are working with a large Outsourcing company based in …
( read original story …)
Revealed: Accounting and finance salaries for 2017 in the UAE
Robert Half, an international recruitment firm, has published what they have found are reliable benchmarks of the salary scales of permanent accounting and finance roles in the UAE. According to the survey conducted, 68 per cent of employers are seeking …
( read original story …)
UAE: DIEDC, Astana International Financial Centre sign MoU
His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. The Dubai Islamic Economy Development Centre (DIEDC …
( read original story …)
Dubai Financial Services Authority publishes findings of Trade Finance Review In Dubai International Financial Centre
The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance activities carried out in and from the Dubai International Financial Centre (DIFC). The review assessed the quality of …
( read original story …)
Dubai Financial Market : UAE markets in need for institutional trading – Analysts
Dubai – Mubasher: The UAE stock markets need a long-term institutional participation in the markets to take good advantage of the good prices of which some leading companies have reached, analysts told Mubasher. The level of risk at both Dubai Financial …
( read original story …)
Dubai Financial Market : Daman Investments delays IPO plans – Chairman
Dubai – Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added in his speech on Monday at a press conference …
( read original story …)
Dubai bank sets different exchange rates for Scottish and English bank notes
A DUBAI bank has admitted setting different exchange rates for English and Scottish bank notes because the latter has “no buyers”. Scots tourists were shocked to see the differing rates on a currency exchange board at duty free in Dubai Airport last month.
( read original story …)
Dubai bank keen on Barclays Africa
London – Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business, CEO Arif Naqvi said. “It’s a very fine bank run by a very fine management team, and if the opportunity …
( read original story …)
6 money resolutions for UAE expats to get richer
These things are easier said than done, especially in the UAE, where personal borrowings are piling up. We’ve asked the experts to provide some useful advice around the area of investing, financial planning, budgeting, saving or spending to help improve …
( read original story …)
Dubai Financial Market : Daman Investments delay IPO plans – Chairman
Dubai – Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added during his speech on Monday during a press …
( read original story …)
Dubai Has Bought ‘A Significant Stake’ In a Swiss Banking App Startup
Dubai’s sovereign wealth fund Investment Corporation of Dubai (ICD) has picked up a significant stake in Swiss banking app Centralway Numbrs. Centralway said on its website that it raised investment from Dubai’s sovereign wealth fund though it did not …
( read original story …)
Dubai lender Emirates NBD’s fourth quarter profit drops on higher cost of funding and devaluation of Egyptian pound
Dubai’s largest bank said on Monday its net profit fell to Dh1.85 billion for the three months to the end of December, a decline of 12.8 per cent compared with the same period a year earlier. The bank blamed the decline on the higher cost of fixed …
( read original story …)
Bank Muscat fourth quarter profit up 1.3%, in line with estimates
Dubai: Bank Muscat, Oman’s largest lender, posted a 1.3 per cent increase in fourth-quarter net profit on Sunday, according to Reuters calculations, in line with analysts’ estimates. The bank made a profit of 39.7 million riyals (Dh379.2 million …
( read original story …)
“Total Fiasco, Utter Circus!” Cried The CIO Asking "What's The Next Big Trade?"
The $2bln Dubai deal. That random pile of manila folders … “Those kinds of big moves are mandatory for hedge funds to make real money.” A few people profited from Japanese interest rates last year. Some nimble punters made money on Brexit.
( read original story …)
Abu Dhabi's UNB says IPO for its Islamic insurer JV heavily oversubscribed
DUBAI Jan 12 Abu Dhabi’s Union National Bank (UNB) said on Thursday an initial public offer for its new Islamic insurer joint venture Orient UNB Takaful, was more than 13 times oversubscribed. The IPO is set to be the first in the United Arab Emirates …
( read original story …)
Orient UNB Takaful IPO more than 13times oversubscribed
The Orient UNB Takaful IPO size was 600,000 Ordinary Shares representing 30 per cent of the equity of the new Company (AED 60 Million) with a share price of AED 100 plus AED 1 as issuing expenses. Union National Bank is currently working with Dubai …
( read original story …)