Tag: finance

The UAE has no plans to impose new taxes on individuals and the Government is not studying the introduction of more fees for services, Younis Al Khouri, under-secretary at the Ministry of Finance, local media reported him as saying. Governments across the ... ( read original story ...)

Student loan debt concept. Young woman with heavy box full of debt carrying it up the education ladder The average cost of attending university in the UAE remains among the highest globally. But a top education official hopes recently introduced labour ... ( read original story ...)

Dubai: The UAE banking sector reported another soft quarter with a general decline in earnings driven by higher credit costs, somewhat higher provisioning while most banks say the worst is behind them. Amid the overall subdued trend in credit growth and ... ( read original story ...)

Dubai: Blockchain technologies have the potential to revolutionise the rapidly growing financial services sector in the UAE and broader GCC region, according to a new report from Booz Allen Hamilton, titled Blockchain: Application to Financial Services in ... ( read original story ...)

Traditional online banking done through a bank's desktop website is still proving to be the more popular alternative to mobile banking amongst UAE residents, a survey by compareit4me.com has found. The survey, which compiled responses from almost 400 UAE ... ( read original story ...)

Mena equity investors have had a stormy year so far. We have seen decent swings in both directions, but despite the volatility, Mena equities are now where they started the year, although some countries and sectors have fared better than others. While ... ( read original story ...)

Abu Dhabi: Total bank deposits in the UAE increased by Dh30.2 billion in September 2016 due to an Dh11.4 billion increase in resident deposits and an Dh18.8 billion increase in non-resident deposits, the Central Bank of the UAE said. Banks in the UAE have ... ( read original story ...)

Residents in the UAE feel they are under greater financial pressure and have to take more risks with their money, research by HSBC has found. This is despite the fact that many residents believe there are more choices in their life today. HSBC's latest ... ( read original story ...)

DUBAI Oct 27 Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank ... ( read original story ...)

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has won the distinguished accolade of “Best Employer Brand on LinkedIn” award at the LinkedIn MENA Talent Awards 2016. LinkedIn also recognized Dr. Adnan Chilwan, Group CEO of DIB, with the ... ( read original story ...)