Tag: finance

The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated lead arrangers and bookrunners. Aljada, a master-planned destination with a sales value of AED24 billion, was unveiled by Sheikh Dr Sultan bin …
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Bank Al Tamweel wa Inma (BTI) Bank, which opened its headquarters in Casablanca this week, plans to have 37 branches by 2022 in various cities of Morocco, ABG said in a statement on Nasdaq Dubai where its shares are listed. “We are confident of the large …
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ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah’s largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai …
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(MENAFN – Khaleej Times) The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). “Banks and finance companies will not be permitted to exceed the fees structure for …
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… Bank of Abu Dhabi earlier in 2017 spurred talks of further mergers in the still-crowded banking industry. According to recent reports, two of the UAE’s smallest banks, the Bank of Sharjah and Invest Bank, are currently in merger talks. Stock markets …
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Dubai – Mubasher: The UAE stock markets are expected to see a positive performance amid the continuous accumulation by local investors as stocks reached attractive levels ahead of announcing firms’ annual financials. By the end of Wednesday trading …
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Tom Anderson, an investment manager at independent financial advisers Killik, who advises clients in Dubai, recommends drawing up a budget so you can see exactly what is coming in every month, and what is going out. Work through your bank and credit card …
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DUBAI, Dec 27 (Reuters) – A senior UAE diplomat said on Wednesday the Arab world would not be led by Turkey, the Gulf State’s first comment on Ankara since a quarrel broke out last week over a retweet by the Emirati foreign minister that President Tayyip …
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The UAE banking sector’s performance will see a stabilisation as the economy also does so with the recovery in crude prices and strong capitalisation of financial institutions, according to industry analysts. “We think that 2018 will be marked by a …
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Union Properties has announced its intention to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018. The company said it will list the ServeU shares on Dubai …
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Dubai – Mubasher: Union Properties (UP) on Monday unveiled a plan to offer the shares of its facilities management unit, ServeU, in an initial public offering (IPO) in the second half of 2018 on the Dubai Financial Market (DFM). UP also plans to invest …
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DUBAI, United Arab Emirates — Saudi Arabia and the United Arab Emirates, which have long lured foreign workers with the promise of a tax-free lifestyle, plan to impose a 5 per cent tax next year on most goods and services to boost revenue after oil …
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Dubai – Mubasher:UAE stock market indices are capable of rebounding higher in the coming sessions as stocks have fallen to significantly attractive prices, analysts told Mubasher. The Dubai Financial Market (DFM) closed Sunday down 0.48%, while the Abu …
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Dubai was able to achieve growth rates that exceeded that of developed economies despite the decline in oil prices. Growth in 2016 was supported by growth in key economic sectors, such as manufacturing, transport and storage, real estate, finance and …
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Dubai: The Dubai Financial Market (DFM) witnessed another subdued session on Sunday as lack of activity ahead of year-end holidays kept traders on the sidelines. The DFM closed 0.48 per cent down at 3,348.81 on Sunday. Khaleeji Commercial Bank, which saw …
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Dubai: The banking sector in the Gulf Cooperation Council (GCC) is expected to deliver a stable performance in 2018, reflecting strong financial fundamentals, particularly in the largest banking systems such as the UAE and Saudi Arabia, according to rating …
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Dubai – Mubasher: The UAE stock markets are likely to see a bullish trend during Thursday’s trading session and over the coming sessions as real estate stocks are expected to resume rising. By the end of Wednesday’s trades, the Dubai Financial Market …
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