Tag: finance

I took out a bank loan for Dh270,000 six months ago to build a new house in India. My monthly instalments are around Dh6,528. I work as a quantity surveyor in Dubai, earning Dh14,030 but I am thinking …
( read original story …)

---

Over the last decade, the UAE has seen immense growth in multiple sectors, including technology, education, finance, and infrastructure. Having gained the trust and respect of over 35 countries, the U…
( read original story …)

---

Dubai: The Dubai Financial Market General Index (DFMGI) rose by 59.42 or 2.11 per cent last week to end at 2,880.42. This was the first positive week in four. There were 28 advancing issues and 11 dec…
( read original story …)

---

The UAE Banks Federation (UBF) has continued its collaboration with the Ministry of Justice (MoJ) and the Central Bank of UAE (CBUAE) to further develop and enhance the profession of banking experts i…
( read original story …)

---

In January 2017, Haigh had been found to have faked about 100 invoices which resulted in millions of pounds and dirhams being paid into at least four different bank accounts he controlled in Dubai, Lo…
( read original story …)

---

Dubai’s non-oil external trade with South Korea grew 8.4 per cent in 2017 compared to 2016 to touch Dh27.43 billion ($7.46 billion), a media report said. The value of imports reached Dh22.1 billion, w…
( read original story …)

---

Dubai: GCC bonds are expected to recover in the second half of 2018, after a decline May following a sell off across the emerging markets in April and May, according to analysts. GCC yields track US t…
( read original story …)

---

The company invited law firms to Dubai to pitch for a possible role in the IPO earlier this year and later told them they had no plans to make a decision anytime soon, people involved in the process s…
( read original story …)

---

WAM The Kazakh president expressed his delight at Shaikh Mohammad’s attendance at the AIFC’s inauguration which, he said, was launched after examining the successful experiences of the financial marke…
( read original story …)

---

The Dubai Financial Services Authority (DFSA) is investigating allegations of mismanagement at embattled Dubai-based private equity firm Abraaj, which is on the verge of financial collapse after a sca…
( read original story …)

---

Dubai: Aggregate monetary data for the first five months of the year from the UAE Central Bank showed a pick in both credit and deposit growth across the banking system. According to an analysis of th…
( read original story …)

---

DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of i…
( read original story …)

---

We are witnessing continuous change in the global financial landscape, with emerging markets becoming some of the most dynamic and rewarding destinations for investment and growth. In particular, the Middle East, Africa and South Asia (MEASA) region is …
( read original story …)

---

Bounced cheques worth AED26.2 billion ($7.1 billion) were reported in the UAE during the first five months of 2018, according to official figures. The Central Bank of the UAE recorded a total of 515,000 bounced cheques, about 4.3 percent of the total value …
( read original story …)

---

Dubai: The UAE is ideally positioned to serve as the ‘beating heart’ of a regional innovation hub; according to a new report published by Oliver Wyman in collaboration with Dubai International Financial Centre (DIFC). According to the report, Dubai is …
( read original story …)

---

Dubai International Financial Centre (DIFC) has signed an MoU with Finance Innovation, France’s official financial tech innovation centre, to collaborate on the development of the FinTech ecosystem. The Memorandum of Understanding will include knowledge …
( read original story …)

---

The UAE Banks Federation (UBF) today announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11 November, 2018 at The Westin Dubai Al Habtoor City in Dubai. Held in …
( read original story …)

---