Tag: finance

Dubai: The UAE Central Bank monthly bulletin for the month of January showed an increase in both money in circulation and long-term deposits. However, short-term deposits decreased when compared …
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Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed an agreement with Standard Chartered Bank to provide seamless access to trade credit solutions and funding for UAE busi…
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Also, I read that it’s illegal for banks in the UAE to ask for security cheques from customers against credit cards and loans. According to the article, these are rules stipulated by the Central Bank …
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As long ago as 2008, the Financial Action Task Force (FATF) reviewed the legal measures the UAE had implemented to counter money laundering and the financing of terrorism. The FATF’s review concluded …
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TradeAssets, the blockchain-powered e-marketplace for trade finance assets, is now live with 25 banks. The first transaction was completed on February 6, and the onboarded banks have now posted trade …
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In Dubai, the index rose 1.5 percent, boosted by banks and real estate stocks. Dubai Islamic Bank gained 1.4 percent. Emaar Properties jumped 3.2 percent, continuing the gains driven by better-than-ex…
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AM Best’s analysis of the preliminary disclosures of the national insurers listed on the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) has shown material improvements in bot…
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Abu Dhabi – Mubasher: Assets of banks operating in the UAE increased 1.2% month-on-month by the end of January, the Central Bank of the UAE said on Tuesday. Lenders’ assets grew to AED 2.913 trillion …
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Dubai Silicon Oasis also spearheading the efforts in Dubai … Ravi Suri, partner, global head of Infrastructure Finance, KPMG Lower Gulf, said autonomous vehicles offer tremendous social and environm…
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Dubai: Emaar Properties rode to the rescue of the Dubai Financial Market (DFM) general index as its shares surged on the back of better-than-expected earnings in the fourth quarter. The company …
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ANALYSIS: A new guide for financial services firms on the operation of VAT in the United Arab Emirates (UAE) should be welcomed by the industry as it clears up some ambiguity and puts in black and whi…
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A sales manager, who siphoned off more than Dh13.4 million from the bank accounts of his Russian boss, was sentenced to life in prison in absentia by a Dubai court on Tuesday. The 42-year-old Kazakh m…
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Dubai: Saudi Arabia led the Middle East & North Africa region in initial public offering (IPO) activity, both in terms of value and volumes, last year, according to an Ernst and Young report.
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A man who used to work as a manager at a renowned bank in Dubai was sentenced to five years in prison in absentia on Monday. The Saudi national was charged with breach of trust and embezzlement, which …
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Bank’s capital is divided into Tier 1 and Tier 2 capital … the impairment allowance would rise significantly in the absence of a fixed maturity date. The legal committee of the UAE Banks Federation …
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UAE. Emirates NBD, a leading bank in the region, today announced its position as the UAE’s most valuable banking brand with a USD 4.04 billion brand valuation in The Banker’s annual brand valuation le…
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The IPO was oversubscribed by 5.4 times, making it the most successful IPO in Bahrain in over a decade. Nasdaq Dubai plans to launch futures trading on the MSCI United Arab Emirates equity index in 20…
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