Furthermore, AI has accelerated automation in the banking sector. Banks can achieve up to 50 per cent operational costs savings by adopting the relatively inexpensive technology, which is easy to develop and maintain. One of the UAE banks has already …
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Dubai Exports Builds on Brazil Ties to Boost Trade and Economy
The delegation, which was led by Her Excellency Hafsa Abdulla Mohamed Sharif Al Ulama and comprised representatives of the First Abu Dhabi Bank and the Dubai Chamber office in Brazil, met with trade associations and business groups in the provinces of …
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Sri Lanka eyes stronger trade ties with the UAE
“The UAE has now become Sri Lanka’s sixth-largest global trading … “There will be a number of stalls, from property developers to banking and non-banking sectors. “It will be a meeting point for Sri Lankans who want to enjoy the benefit of …
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UAE employees to get salary increase in 2018: Report
Executives from sales and marketing and professionals from legal and finance sectors will likely be the most in demand in the UAE this year with the best salary hikes expected for the professionals in the latter sectors, a new report has said. “Sales …
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UAE’s Etihad scrambles to shore up $1.2bn bonds
With more than $400 million of EAP debt in the hands of United Arab Emirates investors … If they don’t try to save EAP, their reputation for sophisticated financial management would take a battering,” one source said.
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United Arab Emirates shares higher at close of trade; DFM General up 0.53%
Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Finance & Investment, Transport and Real Estate & Construction sectors propelled shares higher. At the close in Dubai, the DFM General gained 0.53% …
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Make-Up Sector in UAE Likely to Register Significant Growth at a CAGR of 10.4% over the Forecast Period
The report highlights the key players operating in the make-up sector in United Arab Emirates. The research report profiles the key companies on the basis of several attributes such as overview of the companies, financial overview, and current development …
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Aliaa AlMheiri wins EY UAE Corporate Finance Woman of the Year Award
UAE. Aliaa AlMheiri, an Emirati female student from New York University Abu Dhabi (NYUAD), was announced as the EY UAE Corporate Finance Woman of the Year (CFWY) at an award ceremony held at the St. Regis Hotel in Abu Dhabi. Aliaa won from among a group of …
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EM, catastrophic bonds, hedge funds seen as options to invest
Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
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UAE’s Al Jaber Group said to be close to $1.6bn debt restructuring
Although the conglomerate, which was founded by the Al-Jaber family in 1970, has struggled since a downturn in construction hit the UAE after the global financial crisis, its outlook for 2018 onwards is positive, the company source told Reuters.
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Dubai Islamic Bank launches $1bn sukuk
Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank’s $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first …
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In Aramco IPO, China talks crucial for choice of listing venue
London, Dubai: Saudi Arabia wants to complete talks with strategic … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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In Aramco IPO, China talks crucial for choice of listing venue – sources
LONDON/DUBAI (Reuters) – Saudi Arabia wants to complete talks with … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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UAE lenders upbeat about growth prospects in 2018
First Abu Dhabi Bank PJSC expects its loan book to grow by a mid-single digit percent this year compared with a 1 percent decline in 2017. Dubai’s biggest lender Emirates NBD PJSC also sees a mid-single digit percentage growth compared with a 5 percent …
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ASGC still considering IPO says CEO
The contractor had started preparations for an IPO in late 2015, having hired three banks as advisors to arrange for its listing on the Dubai Financial Market, a Reuters report said at the time, quoting sources familiar with the matter. However …
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UAE Central Bank to regulate finance leasing contracts
The UAE’s Federal National Council (FNC) has approved a draft bill to regulate finance leasing through the Central Bank, in a bid to improve the credibility of contracts offering terms that allow access to funds for large capital expenditure without …
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UAE’s Federal National Council approves draft finance leasing law
The UAE’s Federal National Council On Tuesday approved a draft law regulating finance leasing. The new law makes it illegal for finance leasing to be practiced in the country without a licence from the central bank. Any previous contracts signed without …
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