Tag: finance

DUBAI, Oct 23 (Reuters) – National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia’s main index on Monday while Emaar Properties weighed on Dubai’s stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 …
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The DFMGI tracks a basket of leading DFM-listed companies, providing broad exposure to the UAE economy in vibrant sectors including property, banking, telecoms, insurance and transport. Essa Kazim, Chairman of DFM, said: “The diversification of products …
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The listing supports the economic development and social advancement goals of IDB, an AAA-rated multilateral institution, whose activities include providing financing for development projects in line with Shari’ah’a principles to its 57 member countries.
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DUBAI, Oct 23 (Reuters) – Emaar Properties weighed on Dubai’s stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell …
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The Dubai Financial Market General Index has returned 3.19 per cent so far in the year due to lower oil prices, compared to a 15 per cent gains in Dow Jones Industrial Average. The UAE market has not witnessed an IPO since 2015, but regionally the amount …
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Dubai: Dubai is seeking to consolidate its growing leadership status in global finance with a combination of initiatives aimed at deepening its financial cluster, enhancing infrastructure, expanding access to talent, and increasing its financial industry …
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Dubai: Banks in the UAE are fast realising the challenges and opportunities of fintech revolution. A number of banks have already announced a number of digital banking initiatives, ranging from sperate digital-only banking platforms to strengthening of …
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The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 per cent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living …
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Dubai – Mubasher:Emaar Proprieties CEO Mohamed Al Abbar is expecting that a 30% stake of Emaar Development will be offered to public subscription during the first half of next month. The date of the initial public offering (IPO) is subject to the …
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Emaar Properties has announced an additional contribution of AED62 million ($16.8 million) to Sandooq Al Watan, the philanthropic fund set up by Emirati entrepreneurs and the private sector to nurture UAE youth talents. One of the largest contributors to …
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The launch is one of the initiatives under Emirates Islamic’s digitalisation drive to address the growing needs of digital savvy customers in the UAE, it said in a statement. The redesigned Emirate Islamic mobile banking app includes over 25 new services …
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… of value-added tax have brightened the outlook for new hiring in the UAE. The recruitment climate is believed to have plateaued while salaries of accounts and finance experts are projected to see the biggest increase, says a report. “There are some …
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Riyadh Bank is one of first Saudi banks to report * Saudi Kayan climbs on Q3 earnings beat * Dubai’s Drake & Scull up more than a third this month * Abu Dhabi’s Dana Gas up after reassurance on Kurdistan * Egypt’s Alexandria Flour Mills leaps on dividend …
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Let’s take a deep look at the Q3 financials reported by listed companies in the heart of the economy – the banking sector. I chose the heart as analogy because the heart keeps the blood in circulation which keeps the body alive, just as the banks keep …
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It will enable the bank to service Antwerp-based companies with dollar-based lending in Dubai. NBF opened its diamond-focused branch in 2015 and Blommaert reported it had gained steady market share since, ranking behind ABN Amro as the second-largest …
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Microsoft has announced it will expand its partnership with Dubai-based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services. Through the programme, which builds on Mashreq’s current digital …
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