DUBAI- 11 October 2017:Qatar National Bank’s said on Wednesday its stake in United Arab Emirates-based Commercial Bank International is not for sale. There has been speculation over QNB’s stake in the UAE bank after other Qatari companies cut some UAE …
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UAE Ministry of Finance Conducts Signing Ceremony With Federal Tax Authority to Join e-Dirham System
In a signing ceremony with the UAE Ministry of Finance (MoF), the Federal Tax Authority (FTA) joined the e-Dirham system, which is a fully integrated electronic payment and revenue collection developed in partnership with First Abu Dhabi Bank. This further …
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Dubai’s DIFC proposes new laws to strengthen wealth management sector
Dubai International Financial Centre (DIFC) has proposed a new Trust Law regime and a new Foundation Law regime. DIFC Authority’s Legislative Committee said it has invited public comment on the new proposed laws, which are primarily designed to enhance …
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UAE doesn’t share info about $8bn investment by Pakistanis in real state, NA told
ISLAMABAD: The Federal Board of Revenue, the State Bank of Pakistan and the Federal Investigation Agency informed the National Assembly’s Standing Committee on Finance that the United Arab Emirates (UAE) authorities did not share information about those …
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Dubai Islamic Bank says assets top AED200bn for first time
Dubai Islamic Bank, the largest Islamic bank in the UAE by total assets, on Wednesday reported a 10 percent rise in nine-month net profit to AED3.3 billion ($900 million) compared to the same period in 2016. Total income increased to AED7.5 billion for the …
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Bahrain banking to remain ‘sluggish’ in 2017 – study
Bahrain’s banking sector is expected to remain sluggish into 2018 … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Mashreq Bank Transforms Banking Experience With Avaya
Mashreq Bank, one of the leading financial institutions in the UAE, announced today it is working with Avaya to develop customer experience solutions that will take the digital banking experience to the next level. Avaya and Mashreq Bank will work closely …
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Dubai Islamic Bank posts 26 pct Q3 profit rise
DUBAI, Oct 11 (Reuters) – Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 26 percent increase in third-quarter net profit on Wednesday as higher income from Islamic financing and investing offset a rise in …
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Dubai Islamic Bank 9-month profit hits $898.7m
Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, reported a group net profit of Dh3.301 billion ($898.7 million) for the nine-month period ending September 30, up 10 per cent compared …
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Dubai Islamic Bank posts 26% rise in third quarter profit to Dh1.1 billion
Dubai Islamic Bank (DIB), the emirate’s largest Sharia’a-compliant lender, said third quarter net income rose about 26 per cent thanks to strong growth in financing assets and customer deposits, even as impairments more than doubled. Net profit …
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General Insurance Corporation IPO opens: Here are 10 things you should know
The IPO, which constitutes 14.22 percent of post-offer paid-up … developed its overseas business through home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in South Africa and a …
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Abu Dhabi regulator issues guidance on cryptocurrencies
and other aspects of the growing virtual currency landscape in the UAE, in a statement on its website. The regulator explained that ICOs are a means to raise cash, much like an initial public offering (IPO) in equity markets but through the issuance of a …
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General Insurance Corporation IPO to open on Wednesday: Here are 10 things you should know
The IPO, which constitutes 14.22 percent of post-offer paid-up … developed its overseas business through home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in South Africa and a …
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Dubai Financial Market : Al Ramz OGM convenes to elect board members
Dubai – Mubasher: Al Ramz Corporation Investment and Development, listed on the Dubai Financial Market, on Tuesday called for Ordinary General Meeting (OGM) on 31 October 2017, to elect new board members. The OGM will elect new four board members, after …
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Dubai Financial Market : DSI tops DFM on board resolution
Dubai – Mubasher: The latest resolution of the Drake and Scull International’s (DSI) board has reflected positively on its stock on the Dubai Financial Market (DFM) on Tuesday. At Tuesday’s pre-closing, DSI’s stock rose 2% to AED 2, being the most …
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Dubai International Financial Centre Issues New Trust Law and Foundation Law for Public Consultation
Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has today proposed a new Trust Law regime and a new Foundation Law regime. DIFC Authority’s Legislative …
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Iran Woman Cyclist Joins UAE Club
Iranian cyclist Mandana Dehghan has joined the UAE’s women’s cycling team Al Asayl. Dehghan is the first-ever Iranian woman cyclist to join a foreign cycling club, Tasnim News Agency reported. She will participate in a cycling competition in Thailand …
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