Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. “Banks is where we go …
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Revealed: the average expat salary in Dubai
Mumbai took the top spot for expat salaries – the average expat there earning $217,165. Marwan Hadi, head of Retail Banking and Wealth Management, HSBC, UAE, said: “It is not at all surprising to see that Dubai, and the UAE, continue to be the …
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Emirates Institute for Banking Studies Hosts 40 Emirati Alumni of Leadership Program
In line with the mandate of the Ministry of Human Resources and Emiratisation, the scheme provides training and educational opportunities to UAE nationals who will be the banking leaders of tomorrow. Sessions such as the one today – that brought together …
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UAE’s largest bank approves record cash dividend
First Abu Dhabi Bank (FAB), the UAE’s largest bank, approved the distribution of 70% cash dividends (AED 0.70 per share), as recommended in their annual results last month. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its …
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Mideast Bank stocks tipped to gain
“Going into 2018, UAE banks screen most attractively relative to others from European, Middle East and African emerging markets,” said Hootan Yazhari, head of MENA and global frontier markets at Bank of America Merrill Lynch in Dubai. He expects …
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Dubai Islamic Bank : Kenya head-hunts for senior managers
Giant Gulf lender Dubai Islamic Bank’s (DIB) local subsidiary, DIB Bank Kenya, is hiring more senior managers seven months after its launch. The Upperhill-headquartered financier said in a notice it is seeking individuals for 15 senior positions …
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‘How Sterling Bank made my desire to be in Dubai a reality’
Sterling Bank Plc recently unveiled a new promo tagged 1dament to reward its new and existing customers during the last Christmas season and in the New Year. The promo, which kicked off in the first week of December 2017, will end in March 2018. Some of …
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Dubai Islamic Bank hosts AGM and agrees on cash dividends
The assembly also approved the bank’s 2017 financial statements. For the year 2017, DIB reported a net profit of AED 4.5 billion, an increase of 11 per cent compared to AED 4.05 billion in 2016. Other agenda items concluded at the AGM included the review …
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Dubai Islamic Bank : lists $1bln sukuk on Nasdaq Dubai
Dubai Islamic Bank (DIB) was declared to have raised USD1 billion in the listing of sukuk on Nasdaq Dubai. All sukuk of which Dubai’s exchanges have listed were revealed to have stood at an overall worth of USD53.47 billion. “2018 has once again seen DIB …
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UAE embraces fintech, plans more investments
Building on to the progress that was made in the financial technology (Fintech) sector in 2017, financial institutions across the UAE say that they are ready to increase their investments in internal innovation and disruptive technologies. “The future of …
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TechCrunch’s Michael Arrington on cryptocurrencies, ICOs, and tech in the MENA [Podcast]
25:40- Ghandour asks Arrington about his LPs and he replies that he’s happy with them and that he wants Dubai investors to participate in his hedge fund, because stuff are happening here and he needs to establish a connection. He says that it is a little …
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Dubai gold prices flat as a pancake, but may rise today
Hedge funds and money managers cut their net longpositions in COMEX gold and copper contracts in the week to February 13, US Commodity Futures Trading Commission (CFTC) data showed on Friday. Asian shares ticked up on Monday, joining a globalrecovery for …
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Australia should pass Magnitsky Act to target Putin’s cronies, businessman Bill Browder says
The British-American hedge fund manager, described as the number one enemy of the … “The Russians are not going to keep all their money in Dubai or China, they’re going to keep their money in the US, Canada, and Australia, in safe countries.
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SICO UAE becomes Member of Nasdaq Dubai’s equity derivatives market
Benefits to investors include the ability to hedge … Nasdaq Dubai. SICO, the sole owner of SICO UAE, is a premier regional wholesale bank whose activities include brokerage, market making, asset management, investment banking and custody and fund …
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SICO UAE Becomes Member Of Nasdaq Dubai’s Equity Derivatives Market To Offer Clients New Investment Tools
Benefits to investors include the ability to hedge and take a position on the expected movement of UAE share prices, both up and down, using leverage to magnify the financial outcome of their futures trades.” Launched in 2016, Nasdaq Dubai’s equity …
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Georgia Penna due to welcome third child via surrogate in April
Last week she took to Instagram to share a picture of her baby shower in the Mina al S’Alam resort in Dubai where she lives with hedge fund manager Joe. Thank you so much @nicnaci for the most beautiful surprise #babyshower Feeling so lucky to have …
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Telegram is reportedly holding a 2nd pre-ICO sale but some crypto investors aren’t touching it with a 10-foot pole
But some cryptocurrency hedge funds are sitting the sale out because of its high valuation … “Even though the firm is based in Dubai, the Russian government has been trying to go after their data,” Keegan said. As noted by Bloomberg, the messaging …
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