Tag: finance

ABU DHABI, June 10 (Reuters) – United Arab Emirates’ top securities regulator is working with the Dubai Financial Services Authority (DFSA) to ascertain whether local investors have been affected by the financial woes of private equity firm Abraaj …
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Dubai Mall and the Dubai International Financial Centre as the new road network between Shaikh Zayed Road and Al Khail Road opened. The Roads and Transport Authority (RTA) in Dubai on Friday opened the Phase II of the Parallel Roads Improvement Project at …
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This, along with diversification efforts, should provide a boost to the banking sector this year, meaning the forecast is for a marginal increase in returns. The UAE has seen among the biggest changes in the regional banking sector over the last year …
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Emirates NBD has partnered with Diebold Nixdorf to launch Emirates NBD EasyHub, the region’s first integrated digital kiosk that will allow customers to sign up for new products and access a variety of teller services. The bank said it will function like …
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Dubai: DMCC has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities. The announcement …
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Dubai: The United Arab Emirates’ (UAE) biggest free zone Dubai Multi Commodities Center (DMCC) welcomed Islamic Bank of Afghanistan as its newest member, DMCC said on on Saturday. The bank, Afghanistan’s first Islamic bank, will use service facilities of …
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activities in Paris as part of its new strategic plan that will see the French investment bank close desks in Geneva and Dubai. The changes will have a marginal impact on its activities and will allow Natixis “strengthen its intervention and better serve …
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DMCC, a leading Free Zone and Dubai Government Authority on commodities trade and enterprise, has welcomed the Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and …
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The United Arab Emirates and the Kingdom of Saudi Arabia have announced … build a unified industrial database, empower the banking sector in both countries, harmonize economic procedures and legislations and create a joint council to coordinate foreign …
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The UAE banking sector remains resilient, with robust capital ratios, liquidity buffers, profitability, and stable sources of funding, according to Central Bank governor Mubarak Rashed Al Mansoori. The bank’s Financial Stability Report for 2017 showed that …
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Saudi Arabia and the United Arab Emirates put jobs and investment at the center of their diplomatic alliance, saying on Thursday they would cooperate in areas ranging from energy and agriculture to tourism and financial services. The countries are already …
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The company said in a statement on Dubai Financial Market that all detected violations committed by DSI’s previous management have been included in a report . It added that the report has been handed to the competent government authority to initiate …
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and those of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) would be addressed. Nevertheless, regulation is one of a number of initiatives that, over time, could support the UAE’s Sukuk market, said Fitch.
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Dubai International Financial Centre (DIFC) has signed a FinTech memorandum of understanding (MoU) with professional services company Accenture. Under the MoU, FinTech Hive at DIFC – the first financial technology accelerator in the Middle East region …
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The Abu Dhabi Securities Exchange (ADX) gained 0.8 per cent to 4,652 points while the Dubai Financial Market jumped 0.4 per cent to 3,055 points, with most companies advancing, led by some big banks and real estate firms. Among ADX-listed equities …
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While 77 per cent of those surveyed in the UAE believe that saving is important, 68 per cent also claimed that their financial stability contributes to their overall happiness. The report also found measurements for overall happiness included taking out …
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“We ordered an immediate freeze on the tuition fees of all private schools in Dubai for the coming academic year (2018-2019), in order to reduce the financial burden on parents,” tweeted Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of …
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