Tag: finance

This follows the UAE Cabinet’s decision for the Ministry of Finance (MoF) to co-ordinate with various government authorities to collect financial information in order to implement exchange information for tax purposes, the ministry announced. The UAE …
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Dubai: Commercial Bank of Dubai (CBD), announced on Saturday its plan to launch “CBD Now”, the nation’s first digital-only bank targeting millennials and digitally connected customers in early 2017. “The launch of CBD Now during 2016 UAE’s …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today the launch of its credit card in partnership with Dubai-based flydubai. The credit card will enable customers to enrol in OPEN, a newly launched rewards programme from flydubai.
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Dubai: A fund to finance innovation projects has been created to boost the country’s approach towards innovation and facilitate the setting up of enterprises by innovative entrepreneurs. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President …
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“We do not have any information from any official source about this topic [the merger], and it has not been discussed with the bank’s management,” UNB said in its statement. Challenges in the UAE’s operating environment on the back of lower oil …
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Dubai: A fund to finance innovation projects has been created to boost the country’s approach towards innovation and facilitate the setting up of enterprises by innovative entrepreneurs. His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President …
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Dubai: Islamic financial institutions’ business activities must comply with Islamic law (Sharia). Rating agency Standard & Poor’s believe that in view of the fast growth of the Islamic finance industry robust Sharia governance structures is very important.
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Dubai: The Board of Directors of the UAE Banks Federation (UBF) met on Sunday in Dubai to review the latest developments in the banking sector. Presided over by Abdul Aziz Al Ghurair, Chairman of UBF, the meeting discussed the federation’s future plans …
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had carried out a previously announced acquisition of 48.36 percent of the firm from Dubai Banking Group, a subsidiary of Dubai Group, for 0.705 dirham a share. Although the purchase price was well below the market price, some investors are betting ADFG …
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Gulf International Finance Limited (GIFL) is a financial services company registered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA) as an authorised Firm providing financial advisory …
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Most other hedge funds – worried by the risks of cyber-attacks and data … Editing by Ruth Pitchford) DUBAI (Reuters) – Henrik Stenson had more crowd interaction than he would have liked on the second day of the DP World Tour Championship on Friday …
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Federal Bank, a leading Indian private sector banks, opened its second UAE representative office in Dubai as part of a strategy to expand footprints in the Gulf to serve its fast growing overseas clients estimated at over 800,000. Yusufali MA, chairman and …
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Hedge funds became famous more than a decade ago for delivering … The Swede, who is the Race to Dubai leader, also won a silver medal at the Rio Olympics. “It is a great honor to join the exclusive club of people who have been awarded honorary life …
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And Jeff Levi, who consults money managers on strategy at Casey Quirk by Deloitte, says emerging-market hedge funds have increasingly been dropping fees. This year has proved more than ever before that emerging-market money managers, often regarded as more …
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The UAE Ministry of Finance will hold an Innovation Festival, as part of the UAE Innovation Week. Taking place over two days, the Innovation Festival will include a range of workshops and discussions for business innovators and entrepreneurs, and young …
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The UAE Central Bank governor Mubarak Al Mansouri said that he expects the country’s economy to expand next year at a faster pace, giving a boost to flailing bank growth. “If we look at expected GDP growth of 2.4 per cent from 2.2 this year, I think …
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ABU DHABI Commercial banks in the Gulf could lose their ability to have dollar trades cleared through the U.S. banking system, increasing risks for them, the United Arab Emirates’ central bank governor warned on Monday. Mubarak Rashid al-Mansouri told a …
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