Tag: finance

When Bill Gates famously said “banking is necessary, banks are not,” Saad Ansari paid attention. The founder and CEO of Xpence set out to innovate for financial inclusion to solve the biggest barrier …
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The combination, which reinforced ADCB Group’s position as the third largest bank by assets in the UAE, has created a resilient platform for sustainable growth through greater scale. Overall ADCB …
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Total number of companies currently operating in the DIFC stands at 2,289 – a 14 percent increase year-on-year and a 7 percent increase since end of 2018 Over 250 new companies, a 10 percent increase …
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The number of financial companies operating in the Dubai International Financial Centre rose 11% during the first half, even as a slowing global economy forced some banks to cut jobs. Almost 2,290 …
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“Dubai’s cheap stocks are for those prepared … U.A.E. stocks are concentrated in industries including finance and have little exposure to other sectors such as technology, which trade …
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The Dubai Financial Market general index closed 0.16 per cent lower at 2,846.07. The Dubai index has gained 4.28 per cent in three of the past four session, and accumulated 8 per cent gains since …
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Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has undertaken a successful mission to the state of …
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Dubai’s index rose 0.1%, helped by 0.4% gains in both Emirates NBD, the emirate’s biggest lender, and Dubai Islamic Bank. (Reporting by Alexander Cornwell; Editing by Susan Fenton) …
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Cryo Save Arabia’s stem cell bank’s free cord blood/ stem cell storage programme is open to all Dubai expats with children diagnosed with specific medical conditions. Image Credit: Supplied …
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A bank manager and an investor have been charged at the Dubai Court of First Instance with fraud and forgery after they allegedly swindled two bank customers of Dh 6.5 million. The court heard how the …
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The United Arab Emirates projects that its trade with Iran will plummet by half this year as the Middle East’s business and finance hub is buffeted by the impact of swinging US sanctions on the …
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Etihad Credit Insurance (ECI), the UAE federal credit insurance company has signed strategic agreements with China Export and Credit Insurance Corporation (Sinosure ), Industrial and Commercial Bank …
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Dubai Islamic Bank (DIB), the UAE’s first and largest Islamic lender, said, is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most …
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Dubai’s Noor Bank, a Sharia-compliant lender being acquired by its larger rival Dubai Islamic Bank, reported a 29 per cent rise in its first half-net profit as revenues rose and expenses fell. Net …
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Noor Bank’s revenue rose by seven per cent in H1 2019, with contributions from income via net financing and investments as well as non-funded income. Image Credit: Clint Egbert/Gulf News Dubai …
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said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and …
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said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and effort …
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