The arrangement allows corporate clients of Standard Chartered Bank to deposit cash in their accounts through the 150+ UAE Exchange branches located across the UAE Through this extended partnership, …
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Dubai’s Amlak Close to Restructuring $1.2 Billion With Creditors
Amlak Finance PJSC is nearing a deal to restructure debt for a second time as the Dubai-based Islamic mortgage provider navigates an ongoing property slump, according to two people with knowledge of …
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Certified banking experts to help judges in UAE courts solve complex bank-related cases
Dubai: Courts in Dubai and Northern Emirates will now have qualified court banking experts to assist judges in bank-related cases. The move comes after the United Banks Federation (UBF) launched …
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NextHash at the Blockchain Congress Dubai: digital securities and regulation
Our CMO Daniele Mensi on stage at the 3rd Annual Global Blockchain Congress in Dubai The 3rd Annual Global … where +100 institutional investors, hedge funds, high network individuals, venture …
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Dubai bank launches new app to boost customer loyalty
Noor Bank, the Dubai-based Shari’ah-compliant bank, has enriched its customer loyalty programme with the launch of the Noor Bank Infinity Treats app. Noor Bank debit and credit card customers can …
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Central bank finds banks’ asset composition well-balanced
Dubai: Levels of asset growth in the UAE banking system and loan exposures to various sectors of the economy are within the risk absorption capacity, and do not pose any imminent systemic threat …
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Dubai financial regulator warns of easy loan scam
The Dubai Financial Services Authority (DFSA) is warning about a fraudulent scam which offers easy loan approvals in return for a fee. The scammers – going by the name Skyo Microfinance Bank Limited – …
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UAE- Noor Bank raises over Dh500m for Azimut’s Fixed Maturity Fund
(MENAFN – Khaleej Times) Noor Bank entered a successful collaboration with Azimut (DIFC) to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International …
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UAE banks ready to face domestic and external risks
The UAE’s banking system continues to remain strong enough to weather global macro-financial risks. That was what the 2018 stress tests on the country’s banking sector revealed. It should come …
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Reinventing retail banking event in September
Dubai, United Arab Emirates: The nature of banking within the UAE has transformed significantly within the last decade. With smartphone penetration in the UAE being the highest in the world, there has …
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Exclusive: Tradesocio Opens Dubai Office, Plans One in London
The firm’s new premises in Dubai will also host an innovation hub and be home … Instead of onboarding a fund manager, setting up an expensive operation in a hedge-fund-friendly jurisdiction, which …
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London Beats New York in Drawing Saudi ETF Investor Billions
The EU has set rules on funds’ liquidity requirements, risk limits, transparency and leverage, and UCITS products can use derivatives to create some leverage and short exposure, but not as much as …
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DFM and DIFC launch Dubai Sustainable Finance Working Group
H.E. Essa Kazim: “The initiative underlines our commitment to collaborate with key stakeholders to reinforce Dubai’s position as a leading financial hub and global capital of Islamic economy” Dubai: …
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Dubai expat Narendra Gajria lost his wife, Dh1 million savings blocked in banks
Take the case of Dubai expat, Narendra Garjria whose Dh1 million was blocked in his UAE bank accounts after his wife, Heena died at a young age of 47. Besides the fact that he had little time to …
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UAE banking system resilient to global and regional challenges
The central bank report showed non-performing loans (NPL) ratio of the UAE banking system edged higher to 5.6 per cent in 2018 from 5.3 per cent in the previous year. Image Credit: Gulf News …
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UAE banks adequately prepared to meet potential risks
The latest round of stress tests conducted on systemically important banks and the UAE banking system as a whole has shown that the UAE’s banking system is geared to withstand potential risks …
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UAE banking system remains sound
DUBAI — The UAE banking system remains sound with sufficient capitalization and liquidity reserves, solid financial performance and high operating efficiency, the Central Bank of the UAE (CBUAE) said …
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