UAE Islamic banking assets reach Dh520b

Abu Dhabi: Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi ... ( read original story ...)

Gulf Craft plans IPO by end of 2017

is looking to float on the Dubai Financial Market before the end of the year. The likelihood of an initial public offering is being evaluated currently, the chief executive Erwin Bamps said at the Dubai Boat Show today. The boat builder’s stable of ... ( read original story ...)

Hedge funds find plenty of willing sellers in oil: Kemp

Hedge funds and other money managers have purchased a record number ... (Editing by David Evans) CID's Inspector Purvi is holidaying in Dubai, see pics NRI woman trapped men to get money to marry one she loved Zumba: Radhika Pandit reveals the secret ... ( read original story ...)

DIFC, Gujarat International Finance Tec-City sign MoU

In an effort to encourage further cooperation and collaboration between the financial centres, Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Gujarat International Finance Tec-City (GIFT). The MoU calls for ... ( read original story ...)

India’s Federal Bank plans to open DIFC branch

Dubai: Federal Bank, a private sector commercial bank based in south India is planning to expand its GCC (Gulf Cooperation Council) presence through a branch in the Dubai International Financial Centre (DIFC) and representative offices in Bahrain ... ( read original story ...)

Evercore plans Dubai office amid Saudi Aramco IPO talks

Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the ... ( read original story ...)

How UAE bank workers stay current with trends

The emirates institute for Banking and Financial Studies (EIBFS) continues to play an important role in supporting the placement of UAE nationals in various financial institutions by offering them training and education, said a senior executive. ( read original story ...)