Tag: finance

With the dirham pegged to the US dollar, the actions of the US central bank have a direct impact on interest rates charged by UAE banks. The UAE Central Bank last increased its repo rate by 25 basis p…
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The Board of Directors of the UAE Banks Federation (UBF) welcomed a series of new laws issued recently by the government and said they would help boost the competitiveness of the economy while positiv…
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Prime Minister Imran Khan arrived in the UAE on Sunday on a day-long visit to the gulf country, where he is likely to seek financial assistance to minimise the cash-strapped Pakistan’s dependence on a…
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Pakistan’s prime minister arrived in the the UAE on Sunday as the country continues to seek financial assistance from its allies. Saudi Arabia offered a $6bn rescue package to Pakistan last month incl…
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DUBAI: Prime Minister Imran Khan arrived in the UAE on Sunday on a day-long visit to the Gulf country, where he is likely to seek financial assistance to minimise the cash-strapped Pakistan’s …
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Pakistan’s prime minister is reportedly set to visit the UAE on Sunday as the country continues to seek financial assistance. Saudi Arabia offered a $6bn rescue package to the country last month …
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The popularity of Islamic banking products continues to grow in the UAE among both Muslim and non-Muslim customers, according to new research. The findings of the 2018 Islamic Banking Index by Emirate…
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ICAI sub-committee member and Kushal Chordia welcomed Hussain Ebrahim Al Hammadi, UAE’s Minister of Education, with these words of appreciation: “Hadhih awal marah atahadath alearabiuh amam aljamie.” …
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Highlighting its commitment to the global fight against fraud, UAE Banks Federation (UBF) has joined companies and organizations across the world to help educate banking professionals and consumers on …
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Dubai, UAE: Emaar Development, the global developer, has partnered with Noor Bank, a leading Shari’a-compliant bank in the UAE, to offer an exclusive, fast-track home financing programme for UAE resid…
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Dubai – Mubasher: The Dubai Financial Market (DFM) closed Wednesday’s trading session in green territory, boosted by the growth of the banks sector. The DFM’s trading volume hit 89.68 million shares e…
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Cardholders of the Commercial Bank of Dubai (CBD) can now pay their traffic fines in instalments with zero interest rates, as the Dubai Police recently signed a partnership with the bank. Fines for tr…
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ABU DHABI/DUBAI (Reuters) – Barclays (BARC.L) has been appointed by Abu Dhabi Commercial Bank (ADCB) ADCB.AD to advise on a potential merger plan involving Union National Bank (UNB) UNB.AD and Al Hila…
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I was offered a loan with a 4.7 per cent interest rate at a bank, which I accepted. After two years of paid instalments, the bank changed the interest rate to 10.7 per cent under the claim that the ow…
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ABU DHABI/DUBAI, Nov 14 (Reuters) – Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking …
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A cap on real estate lending in the UAE has been lifted by the Central Bank of the UAE, the chairman of the UAE Banks Federation said. Previously for real estate loans, a 20 per cent deposit was …
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I have been working in the UAE for 30 years and was employed by the same company as an executive secretary from 1991 to 2014, when I was made redundant. Sadly, I did not get to enjoy my end of service …
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