Tag: finance

Indian financial experts in Dubai have rebutted the rumour spreading on social media about depositing the demonetised 500 and 1,000 rupee notes in a representative office of State Bank of India in Dubai. The Institute of Chartered Accountants of India …
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Dubai: While government deposits are on a decline amid the oil slump, UAE residents continue to build their wealth, with the amount of private fortunes held in banks growing by several millions of dirhams recently. As of September 2016, the numbers on UAE …
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Dubai: The UAE and Saudi insurance markets have remained resilient despite ongoing economic headwinds resulting from the persistent decline in oil prices over the past two years according to a recent study by EY and Oxford Economics. “The UAE and KSA …
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The Georgetown University graduate now works as a hedge fund analyst in New York … Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai His title may be a bit of a mouthful, so luckily the Crown Prince of Dubai, 33, is happy to …
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Dubai has hired HSBC to advise it on borrowing US$3 billion to finance the expansion of its two international airports as passenger numbers surge. The emirate is aiming to boost annual passenger flow at Dubai International Airport and Al Maktoum …
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Dubai to Enable Passenger Traffic Target of 146m by 2025; New Al Maktoum International Airport Set to be Primary Airport for Dubai, and Home to Emirates Airline from 2025 Dubai’s two international airports are set for a capacity-boosting, capex-fueled …
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The financing will be raised by a consortium of Dubai state entities, comprising of the Department of Finance, state-owned fund Investment Corporation of Dubai, and the Dubai Aviation City Corporation. The funds will come from a variety of sources and will …
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The UAE has no plans to impose new taxes on individuals and the Government is not studying the introduction of more fees for services, Younis Al Khouri, under-secretary at the Ministry of Finance, local media reported him as saying. Governments across the …
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Student loan debt concept. Young woman with heavy box full of debt carrying it up the education ladder The average cost of attending university in the UAE remains among the highest globally. But a top education official hopes recently introduced labour …
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Dubai: The UAE banking sector reported another soft quarter with a general decline in earnings driven by higher credit costs, somewhat higher provisioning while most banks say the worst is behind them. Amid the overall subdued trend in credit growth and …
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Dubai: Blockchain technologies have the potential to revolutionise the rapidly growing financial services sector in the UAE and broader GCC region, according to a new report from Booz Allen Hamilton, titled Blockchain: Application to Financial Services in …
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Traditional online banking done through a bank’s desktop website is still proving to be the more popular alternative to mobile banking amongst UAE residents, a survey by compareit4me.com has found. The survey, which compiled responses from almost 400 UAE …
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Mena equity investors have had a stormy year so far. We have seen decent swings in both directions, but despite the volatility, Mena equities are now where they started the year, although some countries and sectors have fared better than others. While …
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Abu Dhabi: Total bank deposits in the UAE increased by Dh30.2 billion in September 2016 due to an Dh11.4 billion increase in resident deposits and an Dh18.8 billion increase in non-resident deposits, the Central Bank of the UAE said. Banks in the UAE have …
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Residents in the UAE feel they are under greater financial pressure and have to take more risks with their money, research by HSBC has found. This is despite the fact that many residents believe there are more choices in their life today. HSBC’s latest …
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DUBAI Oct 27 Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has won the distinguished accolade of “Best Employer Brand on LinkedIn” award at the LinkedIn MENA Talent Awards 2016. LinkedIn also recognized Dr. Adnan Chilwan, Group CEO of DIB, with the …
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