Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
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UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
UAE-The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking t…
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UAE- EY Corporate Finance Woman of the Year competition encourages female Emirati students to explore new business sectors
Fatma Al Jassim, 2017 UAE Pioneer award winner, spoke of the importance for young Emirati women to expand their skillset UAE winner to compete against country winners from Australia, Germany …
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UAE banks’ foreign reserves hit record $110bn
The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the …
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MBFGROUP : UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
Mubasher: The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Spea…
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UAE’s banking sector profitability to remain strong in 2019
Dubai: The UAE’s banking sector maintained steady asset growth, improved profitability and asset quality in 2018 and is expected to deliver similar performance in 2019, according to bankers …
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UAE regulator evaluating resuming flights by national carriers to Damascus
DUBAI (Reuters) – The United Arab Emirates’ General Civil Aviation Authority (GCAA) said it is evaluating the possibility of national carriers resuming flights to the Syrian capital of Damascus. GCAA …
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UAE- THE SHE FACTOR: A great mind in her own right
The UAE is generally very competitive in most fields … However, the changes and more stringent requirements in licence applications and financial backing have helped greatly to regulate the …
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Emirates Islamic launches ‘Cardless Cash Withdrawal’ feature via its Mobile Banking App
… can now initiate the cash withdrawal from the Bank’s Mobile Banking App and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card. Dubai: As part of it…
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No new taxes, fee hikes in UAE next year?
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Revealed: the first banking solution to earn Emirates Skywards Miles
Emirates NBD and Emirates Skywards, the loyalty programme of Emirates and flydubai, launched the Emirates NBD Skywards Savings Account and Visa Debit Card, the UAE’s first banking solution to earn Sky…
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No fee hikes, new taxes in UAE
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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No fee hikes, new taxes in UAE for 2019
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Money & Me: ‘My financial responsibilities as a single mum are huge’
My dad’s background is finance, a chief financial officer of advertising agencies … I did Arabella’s third birthday at Montgomerie Golf Club, Dubai. From that party I got three bookings, from people …
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Sharjah govt plans to invest about $517 mln in Invest Bank
DUBAI, Dec 26 (Reuters) – The Government of Sharjah in the United Arab Emirates will invest up to 1.9 billion dirhams ($517.32 million) in struggling Invest Bank, the lender said on Wednesday, disclos…
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Bank mergers only saving grace for UAE bourses and investors
Dubai: UAE traders have been milking alpha from a few banking stocks listed on UAE bourses as they face a wave of consolidation. First it was the merger between First Gulf Bank and National Abu …
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Emirates Institute for Banking and Financial Studies opens registrations for specialised programs for 2018-2019
Dubai, UAE – The Emirates Institute for Banking and Financial Studies (EIBFS) has announced that the registrations are now open for its specialised banking and finance focused training programs and co…
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