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Tag: finance

Posted on 28/07/2019

Dubai Is Back and a Bargain, at Least to Stock Pickers With Time

“Dubai’s cheap stocks are for those prepared … U.A.E. stocks are concentrated in industries including finance and have little exposure to other sectors such as technology, which trade …
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Posted on 28/07/2019

Rally on UAE bourses loses steam

The Dubai Financial Market general index closed 0.16 per cent lower at 2,846.07. The Dubai index has gained 4.28 per cent in three of the past four session, and accumulated 8 per cent gains since …
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Posted on 28/07/2019

Dubai and India to enhance financial collaboration

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has undertaken a successful mission to the state of …
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Posted on 28/07/2019

SABIC weighs on Saudi index, banks help lift Dubai

Dubai’s index rose 0.1%, helped by 0.4% gains in both Emirates NBD, the emirate’s biggest lender, and Dubai Islamic Bank. (Reporting by Alexander Cornwell; Editing by Susan Fenton) …
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Posted on 27/07/2019

UAE families can save cord blood free of cost

Cryo Save Arabia’s stem cell bank’s free cord blood/ stem cell storage programme is open to all Dubai expats with children diagnosed with specific medical conditions. Image Credit: Supplied …
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Posted on 27/07/2019

Duo swindle Dh6.5 million from bank customers in Dubai

A bank manager and an investor have been charged at the Dubai Court of First Instance with fraud and forgery after they allegedly swindled two bank customers of Dh 6.5 million. The court heard how the …
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Posted on 26/07/2019

US sanctions put chill on Iranian trade with UAE

The United Arab Emirates projects that its trade with Iran will plummet by half this year as the Middle East’s business and finance hub is buffeted by the impact of swinging US sanctions on the …
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Posted on 25/07/2019

UAE partners with 3 Chinese financial institutions

Etihad Credit Insurance (ECI), the UAE federal credit insurance company has signed strategic agreements with China Export and Credit Insurance Corporation (Sinosure ), Industrial and Commercial Bank …
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Posted on 24/07/2019

Dubai Islamic Bank set to acquire Noor Bank

Dubai Islamic Bank (DIB), the UAE’s first and largest Islamic lender, said, is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most …
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Posted on 24/07/2019

Dubai’s Noor Bank first-half net profit surges 29% to Dh410m

Dubai’s Noor Bank, a Sharia-compliant lender being acquired by its larger rival Dubai Islamic Bank, reported a 29 per cent rise in its first half-net profit as revenues rose and expenses fell. Net …
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Posted on 24/07/2019

Noor Bank reports Dh410 million H1 2019 net profit

Noor Bank’s revenue rose by seven per cent in H1 2019, with contributions from income via net financing and investments as well as non-funded income. Image Credit: Clint Egbert/Gulf News Dubai …
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Posted on 23/07/2019

Dubai focuses on senior management in Abraaj probe – News |

said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and …
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Posted on 23/07/2019

Dubai focuses on senior management in Abraaj probe

said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and effort …
( read original story …)


Posted on 23/07/2019

Dubai Financial Regulator to Focus on Abraaj Management in Probe

The Dubai Financial Services Authority said its investigation into the collapsed Abraaj Group is focusing on the buyout firm’s senior management and people who failed to report irregularities. “We …
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Posted on 23/07/2019

Dubai’s Real Estate Slump Catches Up With the City’s Finance Hub

Walk into the latest expansion of Dubai’s financial district and you’ll see a handful of small art galleries, some upscale men’s tailors and plenty of retail space waiting for takers. The Dubai …
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Posted on 23/07/2019

UBF brings all 52 member banks together to underpin UAE government’s Emiratisation agenda

UBF’s quarterly CEOs Advisory Council meeting was held yesterday and Chaired by H.E. AbdulAziz Al Ghurair, and witnessed the banking industry collectively collaborate to accelerate efforts to further …
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Posted on 22/07/2019

U.S. hedge fund holds talks with Dubai-based Bin Zayed Group over £300m Newcastle FC purchase – This is Money

Some local news is curated – Original might have been posted at a different date/ time! Click the source link for details. …
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