Tag: finance

The number of UAE residents applying for personal loans dropped in 2016, but it was harder for those who applied to get their loans approved, according to a new report. The report by financial comparison site compareit4me.com found that the number of …
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The UK financial regulator is looking to crack down on domestic and international pension transfers in a move that could give added protection to British investors in the UAE. The Financial Conduct Authority (FCA) has issued an alert over the growing …
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The great and the good of the UAE shipping industry came together in Abu Dhabi at the fourth UAE Summit of Marine and Maritime Leaders this week with the subject of finance and the availability of funding dominating much of the proceedings. In the opening …
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DUBAI/KHOBAR, Saudi Arabia/LONDON State oil giant Saudi Aramco [IPO-ARMO.SE] has tasked two U.S. industry leaders in oil reserves auditing to review the content of its deposits as it pushes ahead with a share listing next year, industry sources said on …
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Dubai Islamic Bank (DIB), the United Arab Emirates’ largest sharia-compliant lender, posted a 58.4 percent increase in fourth-quarter net profit on Wednesday, beating analysts’ forecasts by a considerable margin. The bank made AED1.37 billion ($373 …
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Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016. Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion driven by strong growth in net …
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Dubai Islamic Bank (DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, posted a net profit of Dh4.05 billion ($1.10 billion) for the year ended December 31, 2016, up 6 per cent compared with Dh3.839 billion …
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Mr. Al Ghurair, who is also the head of the UAE Banks Federation, said in November that banking sector profits may fall between 10 and 20 per cent in 2016 versus 2015 as a slowing economy takes its toll on loan growth.
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Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank …
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DeVere Group, a global financial advisory company, said it has expanded into private banking by buying St Lucia-based Arton Bank. The Dubai company, which has been beefing up its presence in the Arabian Gulf in recent years, will be wading into a crowded …
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Dubai: Dubai Financial Services Authority (DFSA) chairman Saeb Eigner said Chinese, Japanese and Indian banks topped the asset lists at Dubai International Finance Centre (DIFC), marking a shift in global trade to Asia. Speaking at the Asian Financial …
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However, despite the lack of headline price movement, the Financial Times reports hedge funds and other institutional investors … a fuel broker at Freight Investor Services in Dubai, told Reuters. Crude futures have fallen five per cent since their …
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The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts.
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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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