Nearly nine in 10 people in the UAE are supporting a parent or child financially, while almost 100 per cent say they expect their financial situation to either improve or stay the same, an HSBC survey finds. The UAE ranks the second highest globally with …
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UAE’s big banks maintain stable profitability
Dubai: The top four UAE banks that account for more than 60 per cent of the banking system assets in the country have maintained stable profitability supported by higher yields and stable funding costs generating higher net interest income according to …
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UAE’s IPO drought is likely to ease from this year
Dubai: The IPO activity in the UAE has remained subdued for the past few years, which can be broadly attributed to two factors — firstly and the most important one is the lack of favourable market conditions, and secondly the unfriendly regulatory …
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QVT Financial’s Investments, Performance, Letters
For example, in 2009, QVT led a group of bondholders to explore their options regarding the delayed debt payments of Nakheel, a real estate company owned by Dubai World. In 2007, QVT joined six other hedge funds to urge Refco Inc. to increase its payments …
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UAE’s credit growth turns positive, but credit demand remains weak
Dubai: The UAE’s total banking sector credit returned to positive monthly growth in July, reaching 0.2 per cent month on month after a contraction of 0.5 per cent in the previous month, according to UAE Central Bank data. Modest monthly improvement …
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UAE’s largest banks to maintain ‘solid’ profits in 2018
The four largest banks in the UAE will see robust profits in the next 12 to 18 months despite pressure on fees and commision income, a Moody’s report states. Moody’s Investors Service said First Abu Dhabi Bank (FAB), Emirates NBD, Abu Dhabi Commercial …
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BAML, FAB to get roles in IPO of Emaar’s UAE real estate unit: sources
DUBAI (Reuters) – Bank of America Merrill Lynch (BAC.N … Emaar is already working with Goldman Sachs on the IPO but other banks are expected to be appointed as coordinators and bookrunners. The sources close to the matter said it was unclear what …
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UAE- Islamic banking attracts flocks of Pak customers
(MENAFN – Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks’ #Pakistan units …
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Islamic banking attracts flocks of Pak customers
Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks’ Pakistan units are launching new products …
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Dubai financial center’s Hive creates buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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UAE insurance premiums rise 17% – study
Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance …
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Dubai financial center’s Hive creatives buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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Securing digital banking transformation in the UAE
As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe …
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Saudi banking outlook to improve in second half of 2017
Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector …
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UAE’s eight steps to avoid personal bank fraud
These tips were compiled as part of efforts by the UBF to raise banking security standards in the UAE and protect consumers from fraud and financial crime. This move is in response to an increase in incidents of financial fraud. Several reports have …
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Blockchain Tech As A Hedge Against Low Oil Prices
Related: Tesla Successfully Raises Funds As Cash Bleed Continues Nigeria was hit especially … Sheikh Mohammed, Vice President of UAE and the ruler of the emirate of Dubai explained: “The plan aims to increase usage efficiency by 40 percent and increase …
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What digital payment regulation means for the UAE
With the new regulation of the UAE Central Bank, we see a move towards regulating and legalising the emergence of PSPs to provide digital payments in the emirates. With the introduction and spread of digital money means in the UAE, the Central Bank is …
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