Tag: finance

Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a …
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Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge “Trump trades” put on late last year that bet on stronger growth and rising inflation.
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Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross …
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It states that the purpose of the award will be to use the funds for managing a “quick-response mechanism … who operate out of offices in Turkey, Jordan and Dubai. In the letter, rebel groups stated that they would allow teams to restore the water …
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11 of the world’s most luxurious train journeys Mint Leaf Dubai – Emirates Financial Towers Upmarket Indian food shines at this swanky 15th floor restaurant. Located in Dubai’s financial center, the London export has floor-to-ceiling windows facing the …
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… will have to learn to play to swings of small cap stocks in the UAE stock markets, before blue chip shares stage a comeback again. The smaller stocks like Gulf Finance House, Shuaa Capital, Gulf Navigation, HITS Telecom and Union Properties listed on …
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I’m really excited about it. It’s a great chance to build a new financial infrastructure in the region. What’s exciting is that there’s this big drive for change in the economies. Saudi Arabia and the UAE want to leapfrog into the digital age in …
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The Dubai Financial Market General index closed 0.42 per cent higher at 3,617.40, after trading in the range of 3,586.53- 3,617.43. “The market today was mainly driven by trading opportunities. The main focus was still on insurance sector, and investors …
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… UAE – Dubai – Robert Half are working with a large Outsourcing company based in Dubai. Due to an internal move the business is looking to recruit a Chief Financial Officer. The Company Robert Half are working with a large Outsourcing company based in …
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Robert Half, an international recruitment firm, has published what they have found are reliable benchmarks of the salary scales of permanent accounting and finance roles in the UAE. According to the survey conducted, 68 per cent of employers are seeking …
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His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. The Dubai Islamic Economy Development Centre (DIEDC …
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The Dubai Financial Services Authority (DFSA) published a Trade Finance Report detailing key findings of a review of trade finance activities carried out in and from the Dubai International Financial Centre (DIFC). The review assessed the quality of …
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Dubai – Mubasher: The UAE stock markets need a long-term institutional participation in the markets to take good advantage of the good prices of which some leading companies have reached, analysts told Mubasher. The level of risk at both Dubai Financial …
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Dubai – Mubasher: The chairman and founder of Daman Investments said that the company has decided to postpone the plan to issue its stocks in the Dubai Financial Market (DFM) to after 2017. Shehab Gargash added in his speech on Monday at a press conference …
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A DUBAI bank has admitted setting different exchange rates for English and Scottish bank notes because the latter has “no buyers”. Scots tourists were shocked to see the differing rates on a currency exchange board at duty free in Dubai Airport last month.
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London – Abraaj Group, the private-equity firm that invests across emerging markets, is interested in buying Barclays Group’s African business, CEO Arif Naqvi said. “It’s a very fine bank run by a very fine management team, and if the opportunity …
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These things are easier said than done, especially in the UAE, where personal borrowings are piling up. We’ve asked the experts to provide some useful advice around the area of investing, financial planning, budgeting, saving or spending to help improve …
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