Dubai, UAE: Emaar Development, the global developer, has partnered with Noor Bank, a leading Shari’a-compliant bank in the UAE, to offer an exclusive, fast-track home financing programme for UAE resid…
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Dubai Financial Market : Banks push up DFM Wednesday
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Wednesday’s trading session in green territory, boosted by the growth of the banks sector. The DFM’s trading volume hit 89.68 million shares e…
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Commercial Bank of Dubai P S C : Partners with Dubai Police to Offer Easy Payment of Fines
Cardholders of the Commercial Bank of Dubai (CBD) can now pay their traffic fines in instalments with zero interest rates, as the Dubai Police recently signed a partnership with the bank. Fines for tr…
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Abu Dhabi Commercial Bank picks Barclays to advise on merger: sources
ABU DHABI/DUBAI (Reuters) – Barclays (BARC.L) has been appointed by Abu Dhabi Commercial Bank (ADCB) ADCB.AD to advise on a potential merger plan involving Union National Bank (UNB) UNB.AD and Al Hila…
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UAE legal Q&A: can a bank increase my loan interest rate?
I was offered a loan with a 4.7 per cent interest rate at a bank, which I accepted. After two years of paid instalments, the bank changed the interest rate to 10.7 per cent under the claim that the ow…
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Abu Dhabi Commercial Bank picks Barclays to advise on merger
ABU DHABI/DUBAI, Nov 14 (Reuters) – Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking …
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UAE central bank removes 20 per cent cap on real estate loans
A cap on real estate lending in the UAE has been lifted by the Central Bank of the UAE, the chairman of the UAE Banks Federation said. Previously for real estate loans, a 20 per cent deposit was …
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The Debt Panel: ‘I have owed money in the UAE for 20 years’
I have been working in the UAE for 30 years and was employed by the same company as an executive secretary from 1991 to 2014, when I was made redundant. Sadly, I did not get to enjoy my end of service …
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UAE embassy issues weather warning to citizens in Kuwait
The UAE Embassy in Kuwait has issued an advisory to its citizens … except those whose jobs require them to be in their work places. Kuwait Banking Association said in a statement on Tuesday that it …
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Emirates NBD Encourages UAE to ‘Give In to Giving’ This World Kindness Day
With World Kindness Day on 13 November, Emirates NBD, a leading banking group and and a pioneer in private sector volunteering in the UAE, has released a video to encourage UAE residents to ‘give in t…
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UAE MoF holds the Government Financial Policy Coordination Council’s third meeting of 2018
HE Younis Haji Al Khoori stressed the pivotal role that the Government Financial Policy Coordination Council plays in studying financial data, discussing the latest issues and changes in financial pol…
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Swiss cryptocurrency firm X8 obtains Islamic finance certification
Switzerland-based financial technology firm X8 AG has obtained … Also read: How to protect yourself from crypto scams in the UAE The company hopes its Ethereum-based cryptocurrency, which …
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UAE banking sector to maintain steady growth
Rating agencies and independent analysts confirm a steady revival in the financial performance of UAE banks, thanks to the rising interest rates and the improving macroeconomic conditions in the …
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Third China-UAE conference on Islamic Banking concludes
DUBAI, 11th November, 2018 (WAM) — The third China-UAE conference on Islamic Banking and Finance, CUCIBF III, concluded recently, with the participation of leading economic experts, bankers, decision …
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UAE central bank removes 20% cap on real estate loans, Banking Federation chief says
The UAE central bank lifted a 20 per cent cap on real estate lending as a percentage of the total deposits of banks, the chairman of the UAE Banks Federation said. The restriction is removed through t…
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Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim
Al Saleh: “UAE-China relations are gaining momentum as efforts to support the Belt & Road initiative & to guide the Islamic economy continue.” • Mansoor Al Awar: “We continue to engage in constructive …
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Emirates NBD recognized as The Innovator in the Middle East by Global Finance
Dubai:Emirates NBD, a leading financial institution in the Middle East has been adjudged ‘The Innovator’ in the Middle East at the Global Finance World’s Best Consumer Digital Banks in the ME Awards 2…
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