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Tag: finance

Posted on 30/01/2018

Iranians’ banking problem in China settled

He went on to say that Central Bank of Iran is finding a market instead of United Arab Emirates (UAE) for banking and monetary exchanges in the Persian Gulf region. Reopening Iranian accounts in China is the result of intensive and tough negotiations made …
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Posted on 30/01/2018

Dubai Financial Market : welcomes the listing of Bahrain’s Ithmaar Holding

Dubai Financial Market (DFM) announced on Monday the listing of Bahrain’s Ithmaar Holding B.S.C. (Ithmaar), one of the leading investment institutions in the Kingdom of Bahrain, as trading commenced on the bank’s shares under the trading symbol (ITHMR …
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Posted on 29/01/2018

Reda Bedjaoui Discloses Optimized Alternative Investments within Alcoholic Beverage Market

DUBAI, UAE / ACCESSWIRE / January 22, 2018 / Globally, many high and ultra-high net worth individuals have earmarked between four and six percent of their overall asset allocation into alternative investments like private equity, hedge funds, managed …
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Posted on 29/01/2018

Bahrain’s Ithmaar Bank plans aggressive expansion in Pakistan

Dubai: Bahrain-based Ithmaar Bank plans to add more than 100 branches in Pakistan this year through its subsidiary Faysal Bank, to capitalise on the country’s low penetration rate of banking services, a senior executive said. Ithmaar Bank owns 66 per …
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Posted on 29/01/2018

Bahraini bank plans aggressive expansion in Pakistan

Al-Mutawa was speaking after Ithmaar Bank’s parent company, Ithmaar Holding, listed on the Dubai Financial Market on Monday. The company is already listed in Bahrain and Kuwait. “The listing is good news for the company for growth capital and we are well …
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Posted on 29/01/2018

UAE-based real estate investment trust completes $210m deals

It said Abu Dhabi Islamic Bank has contributed 165 residential units located in … “This is our second REIT in the UAE to achieve critical size and attract key institutional investors and we are very pleased with the support we have received from our …
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Posted on 29/01/2018

Dubai Islamic Bank : celebrates first UAE National win in “Double Your Salary” Promotion

Dubai Islamic Bank (DIB), the UAE’s largest Islamic Bank, has announced the first UAE National as the grand winner in the fourth draw of its hugely successful ‘Double Your Salary’ campaign, held at DIB’s Reef Mall Branch. DIB’s ‘Double Your Salary …
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Posted on 29/01/2018

Abu Dhabi Commercial Bank Q4 net profit up 7%

Abu Dhabi Commercial Bank posted a 7 percent rise in fourth-quarter net profit … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 29/01/2018

NRI businessman uses Kerala minister’s name to threaten Dubai bank

Kochi: A Kerala minister’s name has allegedly been used to threaten the agent of a Dubai bank when it sought the repayment of a loan given to an NRI businessman. The bank’s representative in India has complained to the chief minister Pinarayi Vijayan and …
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Posted on 26/01/2018

Aramco IPO seen transforming global stocks with $1.5trn value

“People focus on Aramco as being the key thing,” said Salman Bajwa, chief executive officer of Dubai-based Emirates NBD Asset Management … economic and markets space. The Aramco IPO will be the confirmation that one phase of structural reforms …
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Posted on 25/01/2018

Dubai bank hires woman for top Saudi job amid social change

Emirates NBD Capital, the investment banking unit of Dubai’s biggest lender, joined Citigroup and Samba Financial Group in appointing a woman to lead its operations in Saudi Arabia as the kingdom embarks on unprecedented economic and social changes.
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Posted on 25/01/2018

Aramco CEO says post-IPO royalty payments will link to oil prices

The Aramco IPO would be one of the biggest events on financial markets … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 25/01/2018

UAE, Saudi business confidence dips over VAT launch

Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered …
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Posted on 25/01/2018

Dubai Financial Market : UAE bourses to revive on upcoming financial results – Analysts

Dubai – Mubasher: Firms’ annual financial results and subsequent dividend distributions are likely to act as the main market-boosting catalyst to the UAE bourses’ liquidity. The Emirati banks’ financial results, which were announced over the past …
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Posted on 23/01/2018

UAE removed from EU uncooperative tax haven list

The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and …
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Posted on 23/01/2018

EU removes UAE from ‘’uncooperative tax havens’ list

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al …
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Posted on 23/01/2018

Commercial Bank International Appoints Zainal as Head of Retail Banking

Commercial Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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