This will include case studies from the UAE commodity markets, maritime law issues, environmentally inspired investments and the development of new trade-supporting financial products. Trevor Pereira, managing director of The Maritime Standard, says …
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‘Potential irregularities’ found in Dubai-based Abraaj’s funds – report
Read: Founder of Dubai’s Abraaj faces investor revolt Bloomberg cited sources as confirming an audit commissioned by the Bill and Melinda Gates Foundation, the World Bank Group’s International Finance Corp and other investors suggested money from the …
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Only 32% of UAE residents would recommend their bank, survey shows
Only a third of UAE residents would actively recommend their bank to friends and family, according to a new survey from personal finance comparison website Souqalmal.com. In the 2018 edition of its bank satisfaction survey – which queried more than 7,000 …
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Dubai Financial Market : The tide may be turning for UAE markets
The Dubai Financial Market General Index (DFMGI) ended in positive territory last week, up 49.79 or 1.73 per cent to close at 2,931.59. This was only the first time in five weeks that the index ended higher and the third time in thirteen weeks. However, it …
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Insurers and financial advisers at war over who to blame for poor advice in the UAE
Discussions around poor financial advice in the UAE have ramped up in recent weeks as insurers and advisers battle it out over who is to blame. Friends Provident International, one of the biggest providers of expensive fixed-term investment plans, has …
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Dubai’s fintech accelerator opens applications for 2018
FinTech Hive at DIFC, a start-up accelerator in Dubai’s financial free zone the Dubai International Financial Centre, has invited applications for its 2018 programme starting May 20, it said on Saturday. The programme was launched last year in …
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UAE digital bank plans to expand in other regional markets.
Summary: Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations. The post UAE digital bank plans to expand in other regional markets appeared first on Tahawul Tech. Liv., the lifestyle digital …
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Dubai, Sub-Saharan Africa trade growing
It takes time but once it happens it give rapid pace to the growth,” he said. The bank has an office at the Dubai International Finance Centre, offering trade finance for companies engaged in trade between the Middle East, Africa and Asia. Simmonds said …
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Kuwait’s Noor Financial to divest stake in Pakistan’s largest Islamic bank
Noor Financial Investment Company will divest a portion of its … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Dubai expands experimental licence scheme for fintechs
Dubai Financial Services Authority (DFSA) has announced the expansion of its innovation licence programme for financial technology (fintech) firms. The programme, announced last May, allows qualifying companies to test new concepts within Dubai …
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5 reasons to get an offshore bank account
With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE. Here are our …
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Noor Bank’s $500m sukuk listed on Nasdaq Dubai
Nasdaq Dubai has listed a $500 million sukuk of Noor Bank, one of the leading Shari’a compliant banks in the UAE. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank across the UAE active in a wide …
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The New U.S.-UAE Aviation Agreement Changes Nothing
A similar U.S.-UAE deal was reached just in the past week … However, state-owned carriers Emirates and Etihad Airways will be required to publish audited financial statements annually. They also must “take steps” to avoid below-market deals with …
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Dubai Financial Services Authority Announces Fintech Innovation Testing Program Expansion
The Dubai Financial Services Authority (DFSA) announced on Wednesday the expansion of its Innovation Testing Licence (ITL) programme in response to continued interest in fintech and the digital economy. According to DFSA, the ITL program enables firms to …
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Noor Bank rings bell to celebrate listing of a $500 million Sukuk
John Iossifidis, Chief Executive Officer of Noor Ban rang the market-opening bell to celebrate the listing of a $500 million Sukuk on Nasdaq Dubai. The capital raised supports Noor Bank’s continuing rapid growth as a fully scalable universal Islamic bank …
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The Debt Panel: Former Dubai executive struggling to repay Dh380,000 loan following job loss
I left Dubai in April last year after losing my job as a compliance director in the financial sector a couple of months earlier. When I left I had an outstanding loan of Dh380,000 and contacted the bank to inform them about my situation. I asked to …
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Dubai contracting giant rebounds to post profit in Q1
Drake & Scull International, the Dubai-based contracting giant which has recently completed the restructuring of its corporate general bank debt in the UAE, said on Tuesday that it returned to profit in the first quarter of 2018. The company said it made a …
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