Tag: finance

Dubai Exports, the export promotion agency of Dubai Economy … are purchasing Halal products and services due to its natural and wholesome nature. In the financial services sector we have seen that a large proportion of the customers of Islamic banks …
( read original story …)

---

The ratings agency said greater harmonisation of sharia codification within and between jurisdictions is often cited as a limiting factor if Islamic finance is to gain wider acceptance among regional and international investors. Dubai, through its Islamic …
( read original story …)

---

Reuters reported in March that EGA had chosen banks to advise on the listing, but this is the first time its owner has confirmed the planned IPO. “We hope to take this … Owned by Mubadala and Investment Corporation of Dubai (ICD), aluminium producer …
( read original story …)

---

The central bank of the UAE removed liquidity for the third straight month as an increase in deposits amid signs of economic improvement bolsters the banking industry. It withdrew Dh12.3 billion in September, Dh3.1bn in August and Dh8.2bn in July, the …
( read original story …)

---

Dubai: Noor Bank on Wednesday announced the departure of Hussain Al Qemzi from his position as Managing Director of Noor Bank, effective October 31, 2017. Hussain Al Qemzi was CEO of Noor Bank from its inception in 2008 until June 2017 when he became the …
( read original story …)

---

For Lars Kroijer, a veteran hedge fund investor and CEO of AlliedCrowds, the launch of Dubai’s green fund is something of a watershed moment in sustainable investing. “It sends a hugely positive message to institutional investors that there’s nothing …
( read original story …)

---

(MENAFN – Khaleej Times) Emaar Properties, the Dubai-based developer instrumental in setting off a free hold property boom, said on Sunday it would sell 20 per cent of its real-estate development business in an initial public offering. The move comes after …
( read original story …)

---

Dubai: Emaar Properties said on Sunday it plans to offer 20 per cent of its development unit in an Initial Public Offering, an amount lower than estimated by many. Investors had been expecting the company to float up to 30 per cent of the company.
( read original story …)

---

The UAE Central Bank has warned against Bitcoin, terming it as unofficial and lacking sufficient supervision. The warning was made by it can be easily used in money laundering and in funding terror activities, Governor of the UAE Central Bank, on the …
( read original story …)

---

Dr. Adnan Chilwan, GCEO of Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has been awarded with the accolade of the Most Social Executive in the UAE’s Private Sector at the LinkedIn MENA Talent Awards. The awards took place last Wednesday …
( read original story …)

---

Demand for business loans increased “moderately” in the most recent quarter, with a similar amount of demand expected for the current quarter, according to a UAE central bank survey. The Q3 Credit Sentiment Survey, a quarterly publication that …
( read original story …)

---

Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market. The statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on …
( read original story …)

---

DUBAI, Oct 23 (Reuters) – National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 …
( read original story …)

---

The DFMGI tracks a basket of leading DFM-listed companies, providing broad exposure to the UAE economy in vibrant sectors including property, banking, telecoms, insurance and transport. Essa Kazim, Chairman of DFM, said: “The diversification of products …
( read original story …)

---

The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral institution, whose activities include providing financing for development projects in line with Shari’ah’a principles to its 57 member countries.
( read original story …)

---

DUBAI, Oct 23 (Reuters) – Emaar Properties weighed on Dubai’s stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell …
( read original story …)

---

The Dubai Financial Market General Index has returned 3.19 per cent so far in the year due to lower oil prices, compared to a 15 per cent gains in Dow Jones Industrial Average. The UAE market has not witnessed an IPO since 2015, but regionally the amount …
( read original story …)

---