The annual Banker Middle East UAE Product Awards are designed to recognise banking and financial products and services that are either exceptionally innovative or have witnessed excellent financial performance and/or transference of market share.
( read original story …)
Ripple lands largest Middle East client in UAE Exchange
UAE Exchange follows in the footsteps of India’s Axis Bank, which also recently joined the RippleNet messaging system to speed remittance flows between India and the Middle East through an arrangement with the UAE’s Rakbank.
( read original story …)
UAE Exchange Partners with Ripple for Instant Cross-Border Payments
Through this partnership, UAE Exchange joins RippleNet, Ripple’s enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which …
( read original story …)
Dubai Investments Plans IPO of Emicool Unit
Dubai Investments PJSC plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a 3-billion-dirham ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin Kalban told …
( read original story …)
Abu Dhabi financial regulator may create framework for virtual currencies
The regulator of Abu Dhabi’s international financial center said it could create rules for exchanges handling virtual currencies, in a sign that authorities in the UAE may allow trade in cryptocurrencies such as bitcoin to develop. The Financial Services …
( read original story …)
GLOBALES: Dubai Investments Plans IPO of Emicool Unit in Fourth Quarter
Bloomberg / Dubai Investments PJSC plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a 3-billion-dirham ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin …
( read original story …)
Dubai Investments plans IPO of Emicool unit in Q4
Dubai Investments plans to sell shares in its cooling unit Emicool in the fourth quarter and aims to start a AED 3 billion ($817 million) real estate investment trust as it seeks to boost profit. Chief Executive Officer Khalid Bin Kalban told Bloomberg …
( read original story …)
Dubai Investments Plans IPO of Emicool Unit in Fourth Quarter
‘Why We Were Expecting A Rate Hike’ Budget 2018’s Building Blocks For A New Rural Governance System Oil Hunger to Grow in Nation Aiming For Only Electric Car Sales Stock Bulls Better Be Careful What They Wish For 5 Rules to Help Avoid Investing …
( read original story …)
DFSA Signs MoU with Central Bank of Oman
The Dubai Financial Services Authority (DFSA) and the Central Bank of Oman signed a Memorandum of Understanding (MoU) to cooperate in the supervision and authorisation of firms operating in both markets. The MoU was signed in the Dubai International …
( read original story …)
‘How Sterling Bank Helped My Dream of Visiting Dubai’
Recently Sterling Bank Plc unveiled a new promo tagged 1dament to reward its existing and new customers. The promo which kicked off in the first week of December 2017, coincided with the Christmas season and the New Year, and will end in March. At the …
( read original story …)
UAE Exchange uses blockchain for instant cross-border payments
Through this partnership, UAE Exchange joins RippleNet, Ripple’s enterprise blockchain network with over 100-member banks and financial institutions. Leveraging the strengths of Ripple’s leading enterprise blockchain solution for payments, which provides …
( read original story …)
UAE ranked 3rd for Islamic Fintech start-ups
Crowdfunding and peer-to-peer (P2P) financing could be a game-changer in Islamic finance, it suggests, giving wider reach and potential to close the gap for small and medium enterprises, SMEs, which generated about 60 per cent of UAE GDP in 2014 …
( read original story …)
UAE Launches Seed Grants to Support New Research into Space Settlement & Space Habitation
Established by the Dubai Future Foundation, the Mohammed bin Rashid Space Settlement Challenge works to reward the best ideas from around the world. In its commitment to accelerating global space exploration activities, the UAE launches the Space …
( read original story …)
Commercial Bank International expects 5 per cent loan growth in 2018 as oil and debt demand pick up
Dubai-based bank Commercial Bank International expects 5 per cent loan growth this year as the UAE’s economy turns the corner amid higher oil prices and demand for debt increases, its chief executive officer said. “I think 2018 has the potential to be …
( read original story …)
There’s now a ‘Happiness Bank’ in Dubai
A “Happiness Bank” has been established at the Telecom Regulatory Authority (TRA) in the UAE. The new innovation aspires to prompt active and motivated employees working in government organizations, reported Khaleej Times on Thursday. The idea was …
( read original story …)
A bank that spreads happiness
The concept of the Happiness Bank was pioneered by Amna Al Bedwawi, e-content editor at the e-Government Development Department. The UAE is known to turnaround every innovation into reality and make the country the ‘happiest place’ to live. The Happiness …
( read original story …)
Dubai Islamic Bank to begin branchless banking by June
KARACHI: Dubai Islamic Bank Pakistan (DIBP), the wholly owned subsidiary of UAE-based first Sharia-compliant financial institution across the world, announced on Thursday that it would kick-start branchless banking by June 2018. M-wallet services would …
( read original story …)