Tag: finance

The three-month period saw a jump of 8.8 per cent in transfers to Dh44.4 billion as against Dh40.7 billion during the same period last year, data from the Central Bank of the UAE data shows. Other top …
( read original story …)

---

Expat remittances from the UAE totalled AED 88 billion ($23.96 billion) in the first half of 2018, a 13.1 percent growth from the AED 77.8 billion ($21.18 billion) recorded during the same period in 2…
( read original story …)

---

The transaction, under Al Hilal Bank’s new management team, marks the first Senior Public Sukuk from the UAE since April 2018, and re-opens the Capital markets for GCC issuers. Al Hilal Bank was last …
( read original story …)

---

DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, is in early talks with banks to refinance a $1 billion syndicated loan, sources close to the matter said. The deal w…
( read original story …)

---

DUBAI, Sept 20 (Reuters) – Commercial Bank, Qatar’s third-largest lender by assets, aims to raise $750 million through a syndicated loan, a bank spokesman said on Thursday. The deal would be the secon…
( read original story …)

---

The UAE’s real gross domestic product (GDP) is poised to grow at 2.3 per cent in 2018, underpinned by an estimated 3.6 per cent year-on-year growth in the non-oil sector in the second quarter, the cou…
( read original story …)

---

Though there are a number of reasons for which the UAE residents’ bank accounts could be frozen such as arrest after a serious car accident or financial loss to the employers, but visa change or visa …
( read original story …)

---

DUBAI, Sept 19 (Reuters) – The United Arab Emirates central bank has cut its forecast for economic growth this year after non-oil growth slowed slightly in the second quarter, according to a report re…
( read original story …)

---

DUBAI: Saudi Arabian utility developer ACWA Power {IPO-ACPO.SE} has delayed plans for an initial public offering (IPO), originally envisaged for this year, sources familiar with the matter said on …
( read original story …)

---

Dubai Financial Market (DFM) has said it will launch a new real estate investment trusts (REITs) platform in the coming months after publishing new regulation. The emirate’s stock exchange said the ne…
( read original story …)

---

(MENAFN – Khaleej Times) Gulf operations of Bank of Baroda (BoB), the only Indian lender with presence in the UAE, will get stronger following its impending merger with two other public sector …
( read original story …)

---

The United Arab Emirates central bank has cut its forecast for economic growth this year after non-oil growth slowed slightly in the second quarter, according to a report released by the bank on …
( read original story …)

---

In February 2017, the UAE government also announced a partnership with IBM for a blockchain trade finance project. Saudi Arabia’s National Commercial Bank (NCB) has signed up officially with RippleNet …
( read original story …)

---

The Gulf operations of Bank of Baroda (BoB), the only Indian lender with a presence in the UAE, will get stronger following its impending merger with two other public sector banks, the bank’s regional …
( read original story …)

---

On DFM, Dubai Islamic Bank rose 0.97 per cent, as GFH Financial Group gained 1.48 per cent, and Drake and Scull International increased 1.24 per cent. Meanwhile, Deyaar jumped 5.44 per cent.
( read original story …)

---

Dubai bank Emirates NBD has partnered with Emaar to launch new credit cards incorporating the developer’s ‘U By Emaar’ loyalty programme. The Emirates NBD U By Emaar Visa credit cards will …
( read original story …)

---

According to research by Kaspersky Lab, 97 per cent of the UAE’s population carry a smart device, with 61 per cent conducting banking transactions via mobile apps. Customer demand is decisively …
( read original story …)

---