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Tag: finance

Posted on 09/07/2019

UAE banks remain strong with sufficient liquidity and capital reserves, central bank says

The banking system in the UAE remains strong with sufficient capital base and liquidity reserves, performing efficiently last year amid favourable macro-economic conditions and a proactive fiscal …
( read original story …)


Posted on 08/07/2019

UAE a leading hub of Islamic Finance

The UAE is a major destination for Islamic Finance and banking. The demand for Islamic banking products is on the rise across country. Aafaq Islamic Finance, a leading financial company in the UAE, in …
( read original story …)


Posted on 08/07/2019

UAE Central Bank publishes Financial Stability Report for 2018

The Central Bank of the UAE, CBUAE, has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments …
( read original story …)


Posted on 08/07/2019

Dubai’s Noor Bank raises over $138m for Azimut’s fixed maturity plan

Dubai’s Noor Bank has raised over $138m (AED507m) in a US-dollar Islamic fixed maturity plan (FMP) in partnership with DIFC-based Azimut Limited. The funding was raised in subscriptions within two …
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Posted on 08/07/2019

Noor Bank raises over Dhs500m for Azimut’s fixed maturity fund

Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in …
( read original story …)


Posted on 07/07/2019

Dubai crane operator loses life savings in fraud

A Pakistani crane operator in Dubai said he has lost his life-savings after Dh127,500 was fraudulently transferred out of his bank account. Abdul Qayyum Abdul Haq, 69, said the fraud happened even …
( read original story …)


Posted on 07/07/2019

Noor Bank raises funds for Azimut’s Fixed Maturity Fund

Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan …
( read original story …)


Posted on 07/07/2019

Noor Bank Raises over AED500 Million for Azimut’s Fixed Maturity Fund

Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in …
( read original story …)


Posted on 07/07/2019

Video: Dubai rap song on online bank fraud goes viral

(MENAFN – Khaleej Times) Because the fight against cyber fraud is also a battle of wit and creativity, a leading UAE bank has upped the ante with its music video conveying the message with a swag. …
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Posted on 07/07/2019

Noor Bank raises over Dh500m for Azimut’s Fixed Maturity Plan

Dubai: Noor Bank has announced that it entered into a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai …
( read original story …)


Posted on 07/07/2019

Noor Bank raises over Dh500m for Azimut’s Fixed Maturity Fund

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 Financial Centre (DIFC) …
( read original story …)


Posted on 07/07/2019

‘Do I have to pay a fee to reactivate my dormant bank account?’

I have a problem with a UAE bank. I didn’t close my account before I left to go back to the Philippines two years ago as I thought the bank would automatically close it. I am back in Dubai as I have a …
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Posted on 05/07/2019

UAE- Etisalat, Noor Bank to offer mobile digital payment service

(MENAFN – Khaleej Times) Etisalat and Noor Bank have announced the launch of eWallet, a new digital payment service aimed at empowering UAE customers with safe, convenient, and flexible payment …
( read original story …)


Posted on 05/07/2019

Dubai woos Indian fintech start-ups with $100 million fund

Incidentally, the Dubai International Financial Centre (DIFC), the financial hub in the Middle East, Africa and South Asia (MEASA), has partnered with The Indus Entrepreneurs (TIE), Mumbai, the …
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Posted on 05/07/2019

Expo 2020 Dubai driving growth plans of UAE firms, says HSBC

Others will focus on investing in sustainability practices. Mike Davis, head of Commercial Banking, HSBC UAE said: “Expo 2020 remains the overriding factor resulting in such strong confidence for …
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Posted on 04/07/2019

Non-resident deposits in UAE exceed loans by $17.5bn

The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by Dh64.5 billion ($17.5 billion) at the end of May 2019 compared to the same period in 2018, a media report …
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Posted on 04/07/2019

UAE’s Etihad Rail to seek about $2 billion in financing – sources

the developer and operator of the United Arab Emirates’ national rail network, is expected to approach banks for about $2 billion to help finance the expansion of the network, banking sources …
( read original story …)


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