Tag: finance

AM Best’s analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in bot…
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Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the UAE said on Tuesday. Lenders’ assets grew to AED 2.913 trillion …
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Dubai Silicon Oasis also spearheading the efforts in Dubai … Ravi Suri, partner, global head of Infrastructure Finance, KPMG Lower Gulf, said autonomous vehicles offer tremendous social and environm…
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Dubai: Emaar Properties rode to the rescue of the Dubai Financial Market (DFM) general index as its shares surged on the back of better-than-expected earnings in the fourth quarter. The company …
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ANALYSIS: A new guide for financial services firms on the operation of VAT in the United Arab Emirates (UAE) should be welcomed by the industry as it clears up some ambiguity and puts in black and whi…
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A sales manager, who siphoned off more than Dh13.4 million from the bank accounts of his Russian boss, was sentenced to life in prison in absentia by a Dubai court on Tuesday. The 42-year-old Kazakh m…
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Dubai: Saudi Arabia led the Middle East & North Africa region in initial public offering (IPO) activity, both in terms of value and volumes, last year, according to an Ernst and Young report.
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A man who used to work as a manager at a renowned bank in Dubai was sentenced to five years in prison in absentia on Monday. The Saudi national was charged with breach of trust and embezzlement, which …
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Bank’s capital is divided into Tier 1 and Tier 2 capital … the impairment allowance would rise significantly in the absence of a fixed maturity date. The legal committee of the UAE Banks Federation …
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UAE. Emirates NBD, a leading bank in the region, today announced its position as the UAE’s most valuable banking brand with a USD 4.04 billion brand valuation in The Banker’s annual brand valuation le…
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The IPO was oversubscribed by 5.4 times, making it the most successful IPO in Bahrain in over a decade. Nasdaq Dubai plans to launch futures trading on the MSCI United Arab Emirates equity index in 20…
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The GCC region recorded a total of 18 IPOs in 2018 valued at US$2,564.6m Saudi Arabia leads in both IPO volume and value in 2018 with 12 IPOs valued at US$1,472.4m Dubai, UAE: In 2018, the MENA region …
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the bank aims to drive forward-thinking solutions to the trade finance sector in the region NBF’s contribution represents its growing commitment to supporting businesses in the UAE and its dedication …
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Investor roadshows and other outreach will primarily focus on equity futures Campaign will increase synergies between UAE and regional financial markets. Dubai: Nasdaq Dubai, the region’s internationa…
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The UAE was found to lead the world on road quality and the change readiness of its technology infrastructure, and also scored highly for its government’s overall change readiness (second). Ravi Suri, …
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Dubai Financial Market-listed construction company Drake & Scull International (DSI) has filled three C-level executive jobs in a bid to boost profitability, successfully complete its turnaround, and …
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As the UAE government pushes to fulfil its commitment to sustainable development goals, it is urging financial institutions and companies to do their part. As well as being socially responsible, green …
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