The UAE Banking Pulse report analysed quarterly data of the 10 largest listed UAE banks in the third quarter of 2017 against the second quarter of 2017, and identifies prevailing trends throughout the intervening period. The report uses independently …
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Dubai Center for Islamic Banking & Finance releases Takaful-focused 3rd annual report on Islamic Economy
(MENAFN Editorial) UAE, November 27, 2017- The Dubai Center for Islamic Banking and Finance (DCIBF), an entity formed through a partnership between Hamdan bin Mohammed Smart University (HBMSU) and the ‘Dubai the Capital of Islamic Economy’ initiative …
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Other sectors are required to keep their financial book records for five years
Taxis in the UAE would, therefore, charge no VAT to its passengers … Guidance is expected from the Ministry of Finance and FTA over the coming days.
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Dubai wealth fund posts $2.8bn net profit for H1
Mohammed Ibrahim Al Shaibani, executive director and CEO, Investment Corporation of Dubai said: “In the first half of 2017 the portfolio of ICD continued to deliver strong operating and financial results and steady growth. ICD remains focused on …
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UAE’s RAK Ceramics plans capacity expansion in India: CEO
ABU DHABI (Reuters) – RAK Ceramics plans to build a third plant in India to almost double its production capacity there next year, the UAE-based company’s chief executive told Reuters. “Our target in India is to have 20 million square metres of capacity …
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Dubai Islamic Bank Awarded Financial Institution of the Year at Meed Awards 2017
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the prestigious award of “Financial Institution of the Year” at the first edition of the MEED Awards.. DIB was acknowledged for the bank’s consistent market leading performance …
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UAE car culture to propel Adnoc IPO
but we’re still studying it and will probably wait until after the IPO before deciding whether to buy it,” said Marwan Haddad, who helps manage about $100 million in Middle East assets at Al Mal Capital PSC in Dubai. “There’s not a lot of room for …
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UAE car culture to propel Adnoc distribution IPO, says deputy CEO
but we’re still studying it and will probably wait until after the IPO before deciding whether to buy it,” said Marwan Haddad, who helps manage about $100 million in Middle East assets at Al Mal Capital PSC in Dubai. “There’s not a lot of room for …
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Citi’s ex-head of equity derivatives joins AI fund manager cloning its founder’s brain
Citi’s head of equity derivatives in EMEA has re-emerged at a strange fund manager in Dubai. https … Carmignac and a long-time portfolio manager at Steve Cohen’s old hedge fund, SAC Capital Advisors. Imraan Moola, an emerging markets focused …
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Dubai Center for Islamic Banking and Finance Releases 3rd Annual Report on Islamic Economy
The Dubai Center for Islamic Banking and Finance (DCIBF), an entity formed through a partnership between Hamdan bin Mohammed Smart University (HBMSU) and the ‘Dubai the Capital of Islamic Economy’ initiative, has released its third annual report on the …
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Middle East financial market industry prepare to brace for change
Mohammed Al Hashemi, Chairman of the UAE Financial Markets Association, organisers of the 42nd ICA Conference, officially opened the event alongside Taher Khalifa, Chairman of the International Cambist Association (ICA), welcoming hundreds of local …
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Dubai’s Noor Bank To Step Away From Unsecured SME Lending
Dubai-based Noor Bank will move away from unsecured lending to SMEs after being impacted by a rise in bad debts within this sector. One of the UAE’s bigger banks has said that it would move away from unsecured lending to small and medium-sized …
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Emirates Islamic eyes strong growth in retail banking business
… the backdrop of low single digit loan growth in the UAE in 2017, Emirates Islamic is targeting strong growth in retail financing business next year, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management of Emirates Islamic told Gulf News in …
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ADNOC’s distribution unit could raise as much as $2bn in IPO
distribution unit set an indicative price range for its initial public offering (IPO) that could raise as much as $2bn to become the biggest listing in the UAE since 2007. ADNOC Distribution set an indicative price range of between Dhs2.35 ($0.6400 …
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Does UAE’s banking sector deserve to be given credit or not?
The UAE’s banking sector will see growth strengthen in 2018, and remain fairly robust in 2019, as the economy at large benefits from higher oil prices and easing oil production curbs. Total assets growth and client loans growth both decelerated in June …
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Dubai and Australia team up with fintech initiative
The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Center (DIFC), tied up with the Australian Securities and Investments Commission (ASIC) to put in place a regulatory framework for cooperation on …
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UAE investment firm Amanat names new chairman, MD
Vayalil added: “Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage. “Both sectors are ripe for investment and with Amanat’s strong financial position, now is the time to …
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