First Abu Dhabi Bank expects its loan book to grow by a mid-single digit per cent this year compared with a 1 per cent decline in 2017. Dubai’s biggest lender Emirates NBD also sees a mid-single digit percentage growth compared with a 5 per cent increase …
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Dubai Islamic Bank issues $1bn Islamic bond
Dubai Islamic Bank (DIB) said it has successfully issued a $1-billion sukuk (Islamic bond) with a five-year tenor, maturing on February 6, 2023 on the back of the bank’s strong financial performance and attractive market positioning. The issuance …
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Will my bank account be frozen when my residence visa is cancelled?
I do not have any loans or credit card debts outstanding in the UAE but have some money saved at a local branch of a major bank. Will my bank account be frozen, or can I leave the cash in it? NK, Abu Dhabi When a bank finds out that someone has received a …
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Embracing artificial intelligence: Do UAE banks have a choice?
Furthermore, AI has accelerated automation in the banking sector. Banks can achieve up to 50 per cent operational costs savings by adopting the relatively inexpensive technology, which is easy to develop and maintain. One of the UAE banks has already …
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Dubai Exports Builds on Brazil Ties to Boost Trade and Economy
The delegation, which was led by Her Excellency Hafsa Abdulla Mohamed Sharif Al Ulama and comprised representatives of the First Abu Dhabi Bank and the Dubai Chamber office in Brazil, met with trade associations and business groups in the provinces of …
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Sri Lanka eyes stronger trade ties with the UAE
“The UAE has now become Sri Lanka’s sixth-largest global trading … “There will be a number of stalls, from property developers to banking and non-banking sectors. “It will be a meeting point for Sri Lankans who want to enjoy the benefit of …
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UAE employees to get salary increase in 2018: Report
Executives from sales and marketing and professionals from legal and finance sectors will likely be the most in demand in the UAE this year with the best salary hikes expected for the professionals in the latter sectors, a new report has said. “Sales …
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UAE’s Etihad scrambles to shore up $1.2bn bonds
With more than $400 million of EAP debt in the hands of United Arab Emirates investors … If they don’t try to save EAP, their reputation for sophisticated financial management would take a battering,” one source said.
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United Arab Emirates shares higher at close of trade; DFM General up 0.53%
Investing.com – United Arab Emirates equities were higher at the close on Thursday, as gains in the Finance & Investment, Transport and Real Estate & Construction sectors propelled shares higher. At the close in Dubai, the DFM General gained 0.53% …
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Make-Up Sector in UAE Likely to Register Significant Growth at a CAGR of 10.4% over the Forecast Period
The report highlights the key players operating in the make-up sector in United Arab Emirates. The research report profiles the key companies on the basis of several attributes such as overview of the companies, financial overview, and current development …
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Aliaa AlMheiri wins EY UAE Corporate Finance Woman of the Year Award
UAE. Aliaa AlMheiri, an Emirati female student from New York University Abu Dhabi (NYUAD), was announced as the EY UAE Corporate Finance Woman of the Year (CFWY) at an award ceremony held at the St. Regis Hotel in Abu Dhabi. Aliaa won from among a group of …
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EM, catastrophic bonds, hedge funds seen as options to invest
Dubai: There is money to be made in bonds … Another instrument which can provide value to clients are the hedge funds, and UBP expects hedge funds to come back in 2018 with full vigour. Hedge fund had been out of favour among investors due to subdued …
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UAE’s Al Jaber Group said to be close to $1.6bn debt restructuring
Although the conglomerate, which was founded by the Al-Jaber family in 1970, has struggled since a downturn in construction hit the UAE after the global financial crisis, its outlook for 2018 onwards is positive, the company source told Reuters.
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Dubai Islamic Bank launches $1bn sukuk
Dubai Islamic Bank has launched a five-year $1 billion sukuk due to mature in February 2023, the bank announced on Wednesday. The issuance, which emanates from the bank’s $5 billion sukuk programme, carried a profit rate of 3.65% and marks the first …
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In Aramco IPO, China talks crucial for choice of listing venue
London, Dubai: Saudi Arabia wants to complete talks with strategic … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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In Aramco IPO, China talks crucial for choice of listing venue – sources
LONDON/DUBAI (Reuters) – Saudi Arabia wants to complete talks with … The decision shows the initial public offering (IPO), which could be the biggest in history, is becoming an increasingly difficult balancing act for Riyadh. Saudi officials have said …
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UAE lenders upbeat about growth prospects in 2018
First Abu Dhabi Bank PJSC expects its loan book to grow by a mid-single digit percent this year compared with a 1 percent decline in 2017. Dubai’s biggest lender Emirates NBD PJSC also sees a mid-single digit percentage growth compared with a 5 percent …
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