Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 5 per cent year-on-year rise in its first quarter net profit as allowances for bad loans dropped. Net income for the …
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Dubai’s Escape From Economic Funk Hinges on Retail, Tourism
A turnaround for the economy is riding on a better performance for industries other than Dubai’s bellwether real estate sector, with improvements seen this year and next for finance, tourism as well …
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UAE named Vice Chairman of Belt and Road Initiative Tax Administration Organisation
Representatives from FTA and the Ministry of Finance joined the delegation to the conference, during which the UAE delegates sought to introduce attendees to the country’s tax system and strengthen …
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Saudi, UAE pledge $3 bn financial aid for Sudan
Riyadh (AFP) – Saudi Arabia and the United Arab Emirates on Sunday announced three billion dollars (2.7 billion euros) in financial support for Sudan following the overthrow of longtime leader Omar al …
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Dubai offers investment opportunities in major public parks
Dubai Municipality has announced several investment opportunities in the emirate’s public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops. …
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Top ADCB executives appointed to lead Al Hilal Bank
Dubai: Senior executives at Abu Dhabi Commercial Bank (ADCB) were appointed to top leadership positions at Al Hilal Bank, as it prepares to be acquired by ADCB. Alaa Eraiqat, group chief executive …
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Al Hilal Bank Embarks on Digital Transformation Under the Leadership of Amr Al Menhali, Newly Appointed
UAE-based Al Hilal Bank has set out a new road map to transform into a digital-focused retail bank, investing significantly in distinctive and innovative technology to substantially enhance its …
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Financial Advice Dubai
The lure of earning tax-free cash pulls thousands of expats to the glass and steel high-rise city of Dubai that rises out of the Arabian desert as a glinting beacon in the sunlight. Life is good in …
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Dubai’s Emirates REIT sees 57% profit fall in 2018
The gross value of its assets reached $1.01 billion, following the acquisition of three further floors in Index Tower at Dubai International Financial Centre in the fourth quarter of last year, and …
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Why customer experience is key for banks in the UAE
Exceptional customer experience is a highly demanded, but rarely supplied feature in the UAE market, not just in banking, but across many other industries as well. So, we believe any bank that …
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UAE- APICORP Reports 2018 Record Financial Year with net profit increase to USD182m
2018 marks a record financial year for APICORP Total assets grew by 11% Dubai, UAE, April 17, 2019:The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial …
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Emirates Islamic says first to launch WhatsApp banking services
Emirates Islamic will continue to develop innovative and technology-driven solutions that will enable the migration of our customers from branches to digital channels, in line with the Smart Dubai …
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Emirates NBD sees UAE rate climb reversing on tax giveaway
An “unsustainable” increase in the United Arab Emirates’ lending benchmark will reverse once … to have withdrawn these deposits” and placed them with the Ministry of Finance, according to Emirates …
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Belarus, Dubai International Financial Center sign memorandum of understanding
MINSK, 18 April (BelTA) – The Belarusian government and the Dubai International Financial Center have signed a memorandum of understanding. The document was signed by Belarus’ First Deputy Prime …
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Pakistan Finance Minister resigns amidst worsening economic conditions
Dubai: Pakistan Finance Minister Asad Umar has resigned on Thursday amidst allegation that he failed to take measure to take the country out of the severe economic crisis. Umar announced his …
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Three firms set to end 17-month IPO drought on Dubai’s DFM
Three companies are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms …
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Three IPOs could be in the works for Dubai exchange
… are preparing initial public offerings for trading on Dubai’s main stock exchange, the bourse said, potentially ending a 17-month IPO drought as it boosts efforts to entice local firms to …
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