Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, was recognized as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards. The awards ceremony took place at the Jumeirah Emirates Towers, on January 18 …
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Dubai Islamic Economy Development Centre Enrols as Observer Member of Responsible Finance & Investment Foundation
The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems. Under the …
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Iran’s financial sector faces asset quality risks and capital erosion
Dubai: Unstable public finances of Iran are slowly translating into deterioration in asset quality of banks besides causing capital erosion, according to the Institute of International Finance (IIF). “Continued public payment arrears, connected lending …
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UAE banks improve profitability on lower costs and higher margins
Dubai: ‘Cautious optimism’ and ‘resilience’ were the favourite phrases of UAE bankers and banking sector analysts in 2017. Early bank results show that, despite the economic challenges, most banks have been more than resilient. A few banks that …
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Associate Financial Planner UAE 2018
We are excited to announce the first batch of the Associate Financial Planner or AFP program in the UAE for 2018. The AFP’s schedule will be this March 3 & 10, 2018 in Dubai, UAE. This program is exclusive to Filipinos. Since 2013 the AFP has been …
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Dubai Islamic Bank said to issue $750m sukuk soon
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, is expected to issue as soon as next week a US dollar-denominated Islamic bond in the region of $750 million, sources familiar with the matter said. The bank, which this …
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Undersecretaries of Ministries of Finance discuss economic reforms in Arab countries
… energy subsidy reform which has a short-term and low impact on the consumer and has long-term benefits for the UAE. The Ministry of Finance continuously seeks new sources of revenues and diversifying income by enhancing the efficiency of public …
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Dubai Islamic 2017 net up 11pc to $1.22bn
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE, has posted net profits of Dh4.504 billion ($1.22 billion) in 2017, up 11 per cent compared to Dh4.050 billion ($1.22 billion) for 2016. Total income increased …
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UAE Ministry of Finance Participates in Third Meeting of Arab Ministries of Finance
The third meeting of Undersecretaries of Arab Ministries of Finance of Arab countries has commenced in Abu Dhabi this morning, and will be held for two consecutive days. The meeting, organised by the Arab Monetary Fund (AMF) was held in cooperation with …
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UAE Ministry of Finance Participates in the Third Meeting of the Undersecretaries of Arab Ministries of Finance
The third meeting of Undersecretaries of Arab Ministries of Finance of Arab countries has commenced in Abu Dhabi this morning, and will be held for two consecutive days. The meeting, organised by the Arab Monetary Fund (AMF) was held in cooperation with …
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How to get UAE residence visa for your parents in Dubai
Taking care of your elderly parents can be difficult when they are in a different country, especially if you and your family have settled to a long stint in the UAE. Here’s how you can get a residence visa for your parents: Note: This is an informative …
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Mashreq Bank’s innovative approach sets it apart from the crowd
By placing innovation at the core of its business, Mashreq Bank has swiftly become one of the UAE’s leading financial institutions. Although the bank recognises that the industry has evolved markedly over the past 50 years, it believes that the …
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Dubai’s ENOC said to hold talks over IPO of retail unit
Emirates National Oil Co, the state-owned oil refiner in Dubai, has held discussions with banking advisers for a potential initial public offering of its fuel-retailing unit, on the heels of a similar move in Abu Dhabi, according to people familiar with …
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Emaar shareholders to get $1bn windfall after unit IPO
“Already a flagship brand and a market leader in Dubai, our successful IPO demonstrates that regional and international investors are excited by our proven business model,” he said. “We are confident that this is just the beginning of a bright future …
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Cryptocurrency-focused hedge fund Alphabit picks AELF as digital currency for 2018
Alphabit, a global hedge fund investing in digital currencies … Alphabit CEO Liam Robertson said at a press conference in Dubai that ELF would deliver large scale commercial adoption of Blockchain technology and solve major transaction issues through …
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Revealed: where UAE investors are buying overseas property
Property remains the preferred investment asset by UAE residents for 2018, according to a new survey. The annual YouGov survey conducted by IP Global has confirmed that 40 percent of UAE residents are planning to invest in property in the UAE and 18 …
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Central Bank issues commemorative coin
The UAE Central Bank today announced the issuing of a commemorative silver coin on the occasion of the official opening of Oumolat Security Printing. The coin, with a face value of AED50, has the following specifications; diameter: 38.61 mm, weight …
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