Tag: finance

Dubai Islamic Bank (DIB), the emirate’s largest Sharia’a-compliant lender, said third quarter net income rose about 26 per cent thanks to strong growth in financing assets and customer deposits, even as impairments more than doubled. Net profit …
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The IPO, which constitutes 14.22 percent of post-offer paid-up … developed its overseas business through home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in South Africa and a …
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and other aspects of the growing virtual currency landscape in the UAE, in a statement on its website. The regulator explained that ICOs are a means to raise cash, much like an initial public offering (IPO) in equity markets but through the issuance of a …
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The IPO, which constitutes 14.22 percent of post-offer paid-up … developed its overseas business through home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in South Africa and a …
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Dubai – Mubasher: Al Ramz Corporation Investment and Development, listed on the Dubai Financial Market, on Tuesday called for Ordinary General Meeting (OGM) on 31 October 2017, to elect new board members. The OGM will elect new four board members, after …
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Dubai – Mubasher: The latest resolution of the Drake and Scull International’s (DSI) board has reflected positively on its stock on the Dubai Financial Market (DFM) on Tuesday. At Tuesday’s pre-closing, DSI’s stock rose 2% to AED 2, being the most …
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Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has today proposed a new Trust Law regime and a new Foundation Law regime. DIFC Authority’s Legislative …
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Iranian cyclist Mandana Dehghan has joined the UAE’s women’s cycling team Al Asayl. Dehghan is the first-ever Iranian woman cyclist to join a foreign cycling club, Tasnim News Agency reported. She will participate in a cycling competition in Thailand …
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The UAE has been ranked the world’s third strongest nation brand in a report released by valuation consultancy Brand Finance. The emirates scored 88.8 for brand strength in the sub-list placing it behind Singapore and Switzerland but ahead of Hong Kong …
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DUBAI – Robust credit growth underpinned by strong capitalisation, stable funding and liquidity conditions. These are economic indicators cited by Moody’s Investors’ Service that it said will help the United Arab Emirates banking system to be as …
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In just a few years, Jassim Al-Seddiqi has become the “go to” financier in the UAE capital Abu Dhabi, and made the company he runs — Abu Dhabi Financial Group (ADFG) — one of the most important investing institutions in the Arabian Gulf.
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Mashreq has launched a full service bank that will have no branches as it embarks on a digital transformation to appeal to a new generation of people. Computer Weekly takes a look at how some of the world’s biggest financiial brands have moved to the cloud …
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LONDON: Problem loans in the UAE’s banking sector are set to rise by the end of 2018, ratings agency Moody’s Investors Service warned, blaming “sluggish” economic growth seen this year. The agency has forecast that non-performing loans could reach …
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It is backed by investors including Temasek, the sovereign wealth fund of the jurisdiction … whether that is in places such as London, Mumbai, Dubai, Hong Kong or Singapore. There are also a settlement system in place. The difference from the LME …
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Two years ago John van Zuylen had no savings, yet today he has retired from full-time employment and has declared himself to be financially independent. So how did he do it? Those who attended his talk on financial independence at a recent meeting hosted …
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Online registration for Value Added Tax (VAT) is now open in the UAE ahead of the tax’s introduction in January 1, 2018, according to the UAE Federal Tax Authority (FTA). Accessible through the FTA’s website, the service will facilitate registration …
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Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), today marked its first participation in the annual GITEX Technology Week, in collaboration with Smart Dubai. Participation …
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