Dubai hires HSBC to advise on finance of airports expansion

Dubai has hired HSBC to advise it on borrowing US$3 billion to finance the expansion of its two international airports as passenger numbers surge. The emirate is aiming to boost annual passenger flow at Dubai International Airport and Al Maktoum ... ( read original story ...)

Dubai Sponsors USD 3bn Airports Finance Deal

Dubai to Enable Passenger Traffic Target of 146m by 2025; New Al Maktoum International Airport Set to be Primary Airport for Dubai, and Home to Emirates Airline from 2025 Dubai's two international airports are set for a capacity-boosting, capex-fueled ... ( read original story ...)

UAE banking sector reports another soft quarter

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 ...)

Blockchain to revolutionise UAE’s financial services

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 ...)

Desktop banking trumps mobile in UAE

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 ...)

UAE bank deposits up by Dh30b

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 ...)

Market analysis: UAE bank equities a sound investment

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 ...)