Loans make up more than 70% of Gulf banks’ earnings assets that are largely floating-rate corporate facilities, and changes in interest rates have a huge impact on income from lending, according to …
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Global wealth expansion to support private banking
Last year the private bank recruited more than 100 employees globally. In the UAE, it is looking to increase our private banking team by about 20 per cent every year until 2022, including …
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The IPO Pipeline Looks Promising in the GCC
In April, Bloomberg reported that three companies were looking to float their shares on the Dubai bourse, which would essentially end the 17-month IPO drought on the local market. Further details were …
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IPOs are back: UAE emerging as a strong player
In April, Bloomberg reported that three companies were looking to float their shares on the Dubai bourse, which would essentially end the 17-month IPO drought on the local market. Further details were …
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UAE financial firms to register on new platform or face penalties
(MENAFN – Khaleej Times) A new reporting platform that will help facilitate law enforcement authorities in the receipt, analysis and dissemination of suspicious transactions, including money …
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New system to curb money laundering in UAE
UAE Financial Intelligence Unit (FIU) launched the new reporting platform, (goAML), developed by the United Nations Office on Drugs and Crime (UNODC), to facilitate the receipt, analysis and …
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UAE- Compliance with financial laws a must for sector to flourish
(MENAFN – Khaleej Times) Full compliance is the only solution for companies in the UAE when it comes to anti-money laundering laws and other regulatory requirements, industry executives said at a …
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UAE financial firms need to register for new anti-money laundering platform this week
As the United Arab Emirates launches a new anti-money laundering system, reporting entities are required to register by the end of this week, a UAE central bank official said at a press conference in …
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Compliance with financial laws a must for sector to flourish
Full compliance is the only solution for companies in the UAE when it comes to anti-money laundering laws … partner for banking and finance at Al Tamimi & Co, also highlighted and addressed …
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UAE central bank focuses on real estate in anti-money laundering efforts
The UAE has been tightening its financial regulations to fight the perception among some foreign investors that it is a hot spot for illicit funds due to its free trade zones and geographic …
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Trusted Partner For Financial Trading Labs Deployment
Dubai: Anchored by its strong roots within the Trading Room Technology Solutions space in the GCC, Rashed Al Makhawi Ent LLC (RAME) has naturally broadened its industry expertise to start deploying …
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UAE launches new anti-money laundering platform
The UAE’s Financial Intelligence Unit (FIU) launched the new anti-money laundering platform ‘goAML’ , which has been open for registration since May, officials of the UAE Central Bank, CBUAE, …
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IPOs are back: UAE emerging as a strong player for listings in H2 2019
In April, Bloomberg reported that three companies were looking to float their shares on the Dubai bourse, which would essentially end the 17-month IPO drought on the local market. Further details were …
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Mena emerges a key growth market for HSBC Private Banking
Dubai: The Middle East is one of the most important markets for HSBC’s private banking business and plays a key role in its global growth strategy, António Simões, Chief Executive Officer …
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UAE banks witness higher profitability, stabilized yield on credit: Q1’19 Banking Pulse Report
Global professional services firm Alvarez & Marsal (A&M) this week released its latest UAE Banking Pulse for Q1 2019, which shows that the UAE banks are generating healthy earnings despite tougher …
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Dubai shuts down company for non-compliance
The Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from the Dubai International Financial Centre (DIFC), on Wednesday announced that it has …
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UAE- DIFC employees to get 50% of salary as basic
(MENAFN – Khaleej Times) Employers at the Dubai International Financial Centre (DIFC) can no longer issue job contracts with less than 50 per cent of pay as ‘basic salary’ and indicating the rest …
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