Executive Certificate for Risk-Based Supervision Professionals was awarded to 25 UAE nationals in a ceremony attended by Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and Mary …
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UAE Ministry of Finance, Dubai SME sign MoU to support entrepreneurs and SMEs
Under MoU, both parties will promote and support SME owners registered within Dubai SME Dubai: The UAE Ministry of Finance (MoF) recently signed a Memorandum of Understanding (MoU) with Dubai SME, an …
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Emirates NBD voted the most recommended retail bank in the UAE
Tops in the Middle East award for mobile banking, personal loan and remittances Dubai: As part of its 2020 BankQuality Consumer Survey on Retail Banks, The Asian Banker gathered feedback from 3,000 …
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SEC approves Nasdaq proposal to allow IPO alternative to raise funds
The move is a big breakthrough for the exchange operator that has been pushing for an alternative for companies to raise money …
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How landlords, tenants need to act as UAE’s commercial property market mutates
Commercial landlords in the UAE must work closely with their tenants as the real estate sector plots a cautious and fragmented recovery from Covid-19, according to analysis from Dubai banking major …
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Global Finance Magazine declares Qatar richest country in the region
Dubai: The Global Finance Magazine declared Qatar first richest country in the region and fourth in the world with a per capita share of $93,508 followed by the UAE, which ranked 11th globally with a …
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Duo in Dubai obtain Dh407,000 in loan and credit card with forged documents
Two defendants forged salary certificates to obtain loan and credit card from local bank Dubai: An Indian and a Pakistani defendant have been accused of forging documents and using them to …
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Dubai shares rise, other major Gulf markets subdued
DUBAI: The Dubai stock market ended higher on Thursday, boosted by gains in financials and property stocks, while other major Gulf markets were subdued in the absence of a fresh catalyst. In Dubai, …
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RIT Dubai’s state-of-the-art new campus in the Dubai Silicon Oasis is now operational
RIT Dubai completed phase one of construction on its state-of-the-art new campus and began officially operating out of the new location in the Dubai Silicon Oasis earlier this semester. The new campus …
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Ask the law: If a civil lawsuit is filed in the UAE, can bank stop charging interest on a loan?
Legal expert says that burden to prove the purpose of a cheque falls on the issuer Question: Four years ago, I took a loan from a bank and was paying the specified monthly instalment amount. However, …
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UAE school group to list on JSE
Local investor appetite for private education stocks will be tested shortly, as Athena — a private schools business based in the United Arab Emirates (UAE) — tries to raise up to R4.6bn with a JSE …
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Owning 100 per cent of an LLC – all you need to know about the new law announced
The FDI law was then followed by the announcement on July 2019 of a Positive List of 122 business activities where foreign investors can own up to 100 per cent of the shares in an onshore company. The …
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Fitch Affirms United Arab Bank at ‘BBB+’; Outlook Stable
Fitch Ratings has affirmed United Arab Bank P.J.S.C.’s (UAB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook and Viability Rating (VR) at ‘b’. UAB’s Long- and Short-Term IDRs, …
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Dubai launches new platform to help innovators secure funding for ideas
Crown Prince Sheikh Hamdan unveils ‘Dubai Next’ initiative which encourages the use of crowdfunding to finance new business ventures …
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UAE scores high for expats on quality of life, low on cost of living: InterNations
The UAE has been ranked as one of the top 20 best expat destinations for 2021 in the latest Expat Insider survey by InterNations, a global community of people who work abroad. The study, which is …
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Full foreign ownership of UAE firms set to go live
The news was announced on the UAE government’s Twitter account in Arabic. A translation reads: “Allowing full ownership of companies by investors and entrepreneurs to start from 1 June 2021. “The …
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UAE: Reader complains against bank for not issuing a release letter for a fully paid car loan.
Bank resolved the issue after Gulf News’ intervention …
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