Tag: finance

Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of …
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“It is fitting that a dialogue on the New Global Trade Order is happening here in the UAE, which is the gateway to growth in the Middle East and beyond and which World Bank data shows is a crucial meeting point for two-way trade worth $570 billion (Dh2 …
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The Dubai-based firm plans to sell the school stake back to CIRA … Abraaj hired Citigroup and EFG-Hermes Holding SAE to run the sale or IPO of its North African hospitals business, people familiar with the matter said in January. The business, which …
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It is a real testament to the region’s economic growth that we are seeing more world class brands emerging from the UAE,” said Andrew Campbell, Managing Director, Brand Finance Middle East. Dubai’s Emirates NBD still sits firmly as the UAE’s most …
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Dubai Investments, a leading, diversified investments conglomerate listed on the Dubai Financial Market, has decided to distribute 12 per cent cash dividend to its shareholders for the financial year ending December 31, 2017. A proposal to this effect was …
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The beauty of a bank of our size [1,500 staff, 100,000 customers, 25 UAE branches and three more in Kazakhstan] is that we don’t have a doubt on what we need to do. It’s just the pace of execution that’s important.” He lists his other key task as …
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DUBAI (Reuters) – Saudi Arabia’s inclusion in global equity … This should help Riyadh rebuild its financial reserves and fund investment plans after the 2014 plunge in oil prices that cut export earnings and deprived the banking system of funds.
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Dubai: A bank branch manager has been jailed for five years and fined Dh26 million for embezzling an equivalent amount from a businessman using deceptive methods and forged documents over four years. The Emirati branch manager and his countryman …
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Dubai Islamic Bank, the first Islamic bank in the world, has posted a net profit of Dh1.211 billion ($330 million) for the first quarter of 2018, up 16 per cent compared with Dh1.042 billion for the same period last year. Total income increased to Dh2.697 …
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David Hodson, Dubai-based expert in energy finance and managing director of BluePearl Management consultants, said: “There is always a lot of positioning around an IPO. With one this big and important, there are so many more moving parts. In particular …
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DUBAI (Reuters) – Two Saudi Arabian-linked banks have become … Reuters was not able to confirm the buyer of the debt, but hedge funds and other traders specialising in distressed debt have shown an increased interest in the debt of AHAB and Saad in …
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Dubai International Financial Centre (DIFC … DIFC is also home to China’s four largest banks in terms of total assets – Bank of China, Agricultural Bank of China, ICBC and China Construction Bank Corporation. The new initiative also aim at offering …
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Dubai Islamic Bank on Wednesday reported a 16.4 per cent year-on-year jump in net profit, beating analysts’ estimates, as revenues climbed for the UAE’s biggest sharia-compliant lender by assets, on the back of higher income from fees and commission …
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Weakness in Emaar Properties ahead of the annual general meeting outweighed better than expected results from Dubai Islamic Bank and Emirates NBD, resulting in more than 1 per cent losses on the Dubai index. Emaar Properties, which has the highest …
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NAIROBI, APR 18 — KCB Bank Kenya has stepped up its foray into Australia and Dubai to offer Kenyans in the diaspora a chance of taking part in the vibrant economic and investment opportunities back home. The bank kicked off a month long tour of Australia …
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Highlighting his expectation on when the UAE will regulate the ICO, Yusup said, “The UAE is a global financial center and ICOs are the most successful global financial instrument over the past two years. In 2017 token sales raised nearly $4 billion and …
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according to the UAE Central Bank. From January to March, cheques worth AED15.7 billion bounced, accounting for 4.3 percent of the total value, state news agency WAM reported. It added that March registered the highest amount of cheques processed through …
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