Tag: finance

The four big banks — First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank — account for more than two-thirds of the UAE’s banking sector assets. A large, one-off …
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The UAE’s four biggest banks increased their combined H1 2019 net profit by 19 billion dirhams ($5.3 billion), according to a report published on Wednesday. First Abu Dhabi Bank (FAB), Emirates …
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he returned to the UAE to roll out the venture in Dubai last year. Unfortunately, the traditional financial industry wasn’t designed to be fair, it was designed to make money. Mark Chahwan, chief …
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DUBAI — The Dubai Financial Services Authority (DFSA) said on Tuesday it had fined two entities of private equity firm Abraaj $315 million, the largest financial penalties it had ever imposed. …
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Notably, over 80% of urban consumers in the UAE and KSA plan to use their phones or other devices to fulfill their banking needs, according to McKinsey. For bankers, this trend offers a critical, time …
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and in a bid to promote Islamic banking and finance industry, have launched the first of its kind waqf (endowment) initiative in the UAE with a capital base of Dhs3.2 million. The move followed a …
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Armed with evidence of the bank fraud, she elevated her complaint with the UAE Central Bank on June 9. When contacted, an Emirates NBD spokesperson confirmed that the incident took place and they …
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Lastly, the consolidation which has started in the UAE’s banking sector, is already beginning to reflect on the sector’s profitability. Shailash Dash, a financier and entrepreneur, said that the …
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We are partnered with one of Dubai’s largest, leading banks for a Large Corporate Relationship Manager looking for growth into a Senior or Director-level role. Applicants must have a strong Real …
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Annual audit of TBI’s performance, complied by Ernst and Young, show a 20% increase in net operating income and a 30 % increase in funds held in customer accounts Dubai, United Arab Emirates, 04 …
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initiative to promote the Islamic banking and finance industry in the UAE, a media report said. The move followed a landmark agreement signed between the two parties to establish the Noor Fund for …
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ABU DHABI, United Arab Emirates, Aug. 5, 2019 /PRNewswire/ — Abu Dhabi Commercial Bank (ADCB) has announced its partnership with Plug and Play, the largest global innovation platform …
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Dubai: Saudi Arabia led the primary market activity … one of the largest IPOs in the country with proceeds of $658.7 million, was the first IPO that allowed the sale of securities to qualified …
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Wamda Capital has invested in start-ups across the Middle East and Africa, including several prominent ventures in the UAE, such as Souq, Careem, e-commerce platform Mumzworld and financial comparison …
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Relatively little IPO activity has taken place locally since late 2017, when Emaar Development sold $1.3 billion in new shares. A number of companies, however, such as Dubai-based payments provider …
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Employers operating in Dubai International Financial Centre, the main financial services hub in the Middle East, will begin enrolling workers in a new mandatory defined contribution plan on Jan. 1. …
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with maturities ranging from three to seven years Dubai Aerospace Enterprise (DAE) secured $490 million in loans from three agreements to finance growth. Courtesy: Dubai Aerospace Enterprise Dubai …
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