LONDON/NEW YORK/DUBAI (Reuters) – The owners of Network International are working with investment banks Evercore (EVR.N) and Citi (C.N) on an initial public offering (IPO) of the largest payment proce…
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Dubai real estate needs more institutional investors: Rera chief
The Dubai property sector needs more hedge fund investors from Pakistan and other countries, the chief of the Real Estate Regulatory Authority (Rera) said on Friday. “In the last three years, Pakistan…
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UAE banking sector tops in GCC with H1 assets surging to Dh2.7t
The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to Dh2.7 trillion ($748 billion) in the …
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Profitability among top UAE banks continues to improve in Q2
Global professional services firm Alvarez & Marsal (A&M) said in its latest UAE Banking Pulse that operating income and net interest margins were significantly higher than in the previous quarter. Com…
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UAE banks lead Gulf peers with $748bn in assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per c…
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Five things to know about the GCC banking mergers
Emirates NBD: In 2007, Emirates NBD was born when Emirates Bank International (EBI) and the National Bank of Dubai (NBD) – the UAE’s second and fourth largest banks – merged to become the most signifi…
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UAE banks continue to lead Gulf peers with $748bn worth of assets
The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion (US$748 billion), a growth of 2 percent compared to th…
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Dubai financial regulator appoints new chief executive
Dubai Financial Services Authority … which provides a forum for deepening Switzerland’s Basel Committee on Banking Supervision’s engagement with country heads. Bryan Stirewalt will take over from Mr …
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UAE Food Bank signs partnership agreement with ‘Regional Food Banks Network’
DUBAI, 11th September, 2018 (WAM) — The UAE Food Bank signed a strategic partnership agreement with the “Regional Food Banks Network,” in light of the UAE’s keenness to promote social responsibility …
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AVP Risk Infrastructure – Huxley Banking & Financial Services – Dubai Jobs
My client one of the leading banks in UAE are looking to hire an AVP Risk Infrastructure to join their team. This is a Group Risk function responsible for functional ownership and execution responsibi…
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Dubai climbs to 15th on financial centres index
Dubai has climbed four laces to 15th in a ranking of global financial centres produced by China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London. The city saw its ranking …
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Rubique Aims to Forge Strategic Ties With Financial Institutions in UAE
Rubique Technologies, India’s leading financial matchmaking platform for loans and cards, is among the five global companies chosen by Abu Dhabi Global Market (ADGM) for its FinTech Regulatory …
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Abu Dhabi set to cash in Cepsa investment with $11.6bn IPO
Cepsa could announce the IPO as early as next week … in downstream industries such as oil refining to ensure future demand for crude from the United Arab Emirates. The Madrid-based company is expect…
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Abu Dhabi Set to Cash in Cepsa Investment With $11.6 Billion IPO
Cepsa could announce the IPO as early as next week … in downstream industries such as oil refining to ensure future demand for crude from the United Arab Emirates. The Madrid-based company is expect…
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UAE Banks’ Three-Way Merger a Boon for Banking System
ADCB also announced that separate potential merger discussions have commenced with Al Hilal Bank PJSC (AHB) shareholders. The proposed merger, pending approvals by the banks’ boards of directors, shar…
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Three-way merger of UAE banks ‘credit positive’ for industry, says Moody’s
It would also contribute to consolidation of the “overbanked” UAE banking sector, the report added. Abu Dhabi Commercial Bank, the second largest lender in the emirate, said last week it is exploring …
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UAE banking system expands credit to 10 economic sectors
The UAE’s economic sectors have continued their growth since the start of the current year, according to a digital review of relevant indicators, which encouraged the banking system to fund the activi…
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