DUBAI (Reuters) – Standard Chartered is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters. T…
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New integrated payment system in UAE by 2020
The UAE will soon boast a new integrated payment system that builds on the foundation set by the eDirham system, and which is in line with the country’s digital transformation objectives. The Ministry …
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Dubai Islamic Bank Triumphs at Islamic Business and Finance Awards 2018
Dubai Islamic Bank (DIB), the largest Islamic Bank in the UAE, has once again dominated the Islamic Business and Finance Awards, collecting five major accolades at the prestigious industry event. The …
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As the liquidity tide recedes, will investors need a different boat?
Image Credit: Dubai: Alternative investments can include a variety of investment vehicles, such as private equity, real estate, commodities, hedge funds and even ‘liquid alternative mutual funds’.
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UAE- ADNOC to open two service stations in Saudi Arabia this week
IPO, in December 2017 to grow its business, not only in the UAE but also internationally. The company is currently reviewing a number of potential options to grow its international operations.
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UAE private sector growth remains strong on higher demand
Official data showed the UAE’s non-oil sector grew 2.5 per cent in 2017. The Quarterly Economic Review of the Central Bank of UAE for the third quarter of 2018 projected the non-oil GDP in …
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UAE financial regulators to cooperate on investment funds
Financial regulators in the UAE have agreed to implement a passporting regime, facilitating the licensing of funds by each regulator for promotion across the UAE.06 Dec 2018 The agreement will strengt…
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The Financial Diet: How to budget your life in the UAE
If you’re fresh out of university and have landed yourself a job, you’re most definitely the new kid on the block. While this is an exciting experience, keeping track of the responsibilities …
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UAE positive on KYC utility tests
First Abu Dhabi Bank, UAE Exchange and ADGM, was formed in February to develop a proof-of-concept to decide the governance framework and the functional requirements of an e-KYC utility. The app develo…
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Matt Hedges says UAE officials asked him to spy on the UK
Mr Hedges suggested that the UK should examine its alliance with the UAE. “Is it putting trade, is it putting finance, is it putting anything else over the values it stands for?” he said. He added tha…
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Unbelievable! Mumbai to UAE in 2 hours by underwater bullet train speeding through floating pipes; watch video
UAE’s National Advisor Bureau Limited has come up with a concept … Live a 100 years blessing made real; finance your child’s prosperous long life with this product
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Banking stocks lift Abu Dhabi index to 2-year high
The UAE equity markets opened on a higher note on Tuesday after a long weekend, helped by scrips from the banking, real estate and construction sectors. The Dubai Financial Market General Index (DGMGI …
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UAE residents willing to ‘bank’ on technology…
There are a growing number of customers in the UAE who say that they are who are willing to get banking services from an established technology company, because traditional banks are failing to keep u…
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Would you bank with a ‘Digital Bank’?
Here’s a quick explanation of what digital banking means in 2018 and what UAE has to offer to customers. Paperwork, signing cheques, bank statements, and more paperwork – That is what conventional ban…
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BULLETIN: A&P Emerging Manager Index down -2.95% in October, DeVere launches a new crypto fund
DeVere Group, which has over 80,000 clients in 100 countries, stated on its website that the new investment solution, called deVere Digital Asset Funds, is being in partnership the Dubai-based hedge f…
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5 major banks represent UAE in Egyptian market
The number of UAE banks operating in the Egyptian market are five banks, namely Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank (ADIB), Union National Bank-Egypt, and Mashreq. First Abu Dha…
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Robo-advisory firm is first graduate from Dubai fintech testing
The Dubai Financial Services Authority (DFSA) has announced that robo-advisory firm, Sarwa, has become the first participant to graduate from its regulatory sandbox following nearly 12 months of testi…
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