Low interest rate environment and increase in impairments to remain big challenges Dubai: Earnings trend of large UAE banks in the first half of 2020 point to subdued profitability for these banks …
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How Dubai provides equal opportunity for public and private sectors
According to market sources, the Dubai Government wants to give private businesses enough space to operate and not have to constantly worry about whether government-funded entitie …
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Dubai will make government-owned companies play by private sector rules
It is gradually removing funding advantages government-owned companies have Dubai: Going forward, government-owned businesses in Dubai will not compete directly with the private sector. That, in a …
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Dubai says to continue infrastructure spending after $2bn bond issuance
The Government of Dubai has announced the successful completion of a $2 billion bond issuance. The Department of Finance (DOF) said the issuance consisted of ten-year Islamic sukuk of $1 billion at a …
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UAE moves up two spots in Global Innovation Index to 34th position
The UAE – the Arab world’s second-largest economy – jumped two places in the Global Innovation Index 2020 to rank 34th out of a total of 131 countries. The index, released on Wednesday by the World …
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UAE’s Ministry of Finance launches next phase of Mohammed Bin Rashid Innovation Fund
The new phase will focus on the fund and its programmes operating under one national umbrella The UAE’s Ministry of Finance is launching the next phase of the Mohammed Bin Rashid Innovation Fund …
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Stop or suspend West Bank annexation? Devil in the detail for Israel-UAE deal
A difference between English and Arabic versions of a trilateral statement after an historic flight from Israel to the UAE has been seized upon by Palestinians to suggest the Gulf state has overstated …
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DFM honours 8 brokerage firms with five star rating during the second round of its brokers’ excellence scheme
Hassan Al Serkal, CEO of DFM, and Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, presented the Five Stars Rating certificates to 8 brokerage firms …
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UAE’s digital cash platform klip set for launch
Emirates Digital Wallet set to boost cashless transactions across the country Dubai: The nationwide initiative – jointly set up by 15 of the UAE’s leading national banks – aims to drive digital …
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UAE’s largest lender set to start talks on Israeli banking tie-ups
… Bank says to talk with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector First Abu Dhabi Bank, the UAE’s biggest lender, plans to start talks with Bank Hapoalim and Bank …
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First Abu Dhabi Bank to Start Talks With Israeli Lenders
First Abu Dhabi Bank PJSC plans to start talks with Bank Hapoalim and Bank Leumi to forge cooperation in the financial sector as the United Arab Emirates and Israel normalize their relations.
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DMCC, Emirates NBD partner to boost ease of doing business in Dubai
Suvo Sarkar, senior executive vice president, and head of Retail Banking and Wealth Management, Emirates NBD, added: “Emirates NBD is committed to supporting initiatives that enhance the ease of doing …
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Israel, UAE sign protocol of understandings on banking, finance
We will soon announce additional agreements in aviation, tourism, trade and others,” says Israeli Prime Minister Benjamin Netanyahu.
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First Abu Dhabi Bank will open discussions with Bank Hapoalim and Bank Leumi – statement
First Abu Dhabi Bank, the United Arab Emirates’ largest lender, will open discussions with Israel lenders Bank Hapoalim and Bank Leumi, FAB said on Tuesday, after the signing of a memorandum of …
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Israel, UAE sign first agreement on investment, financial services
Israeli Prime Minister Benjamin Netanyahu said announcements in aviation, tourism, trade and other areas of mutual interest will follow.
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Israel, UAE sign first agreement on finance, including blocking funds for terror
Countries to form joint committee to advance reciprocal investments; Netanyahu welcomes memorandum of understanding, says more will come …
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UAE, Israel agree to establish committee for banking and financial cooperation
ABU DHABI – Abdulhamid Saeed Alahmadi, Governor of the UAE Central Bank, and Ronen Peretz, Director-General of the Israeli Prime Minister’s Office, have signed a Memorandum of Understanding, MoU, for …
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