Dubai, 21 February 2018: Sovereign Wealth Funds (SWFs) now allocate almost a quarter (23% … principal protection, a hedge against inflation, and an increase in portfolio performance. “That being said, finding the right allocation strategy for these …
( read original story …)
UAE insurers report strong results supported by gains in underwriting income
Dubai: UAE insurers posted healthy top-line growth, improved operating profits and stronger shareholders’ equity in their 2017 financial results, according an analysis of the full-year results by Standard & Poor’s. “Based on our analysis, we consider …
( read original story …)
Net interest income growth boosts profitability of UAE lenders
The four largest banks — First Abu Dhabi Bank (FAB), Emirates NBD (ENBD), Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB), representing more than 60 per cent of total assets — reported strong growth in operating incomes. The gains were …
( read original story …)
Dubai aid data bank to help alleviate suffering in starving, war torn nations
The liberation of Mosul in Iraq was one of many events in 2017 to trigger an aid crisis that saw warehouses at Dubai International Humanitarian City almost empty overnight. Rohingya refugees pouring into Bangladesh following persecution for their religious …
( read original story …)
Dubai Islamic Bank Hosts Annual General Meeting
Following the conclusion of its Annual General Meeting (AGM), Dubai Islamic Bank (DIB) announced that the assembly has approved the distribution of 45 fils per share as cash dividend for 2017, closing another year with strong returns to shareholders since …
( read original story …)
Dubai Islamic Bank boosts emirate’s sukuk listings to over $53bn
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has celebrating the listing of a $1 billion sukuk on Nasdaq Dubai. The listing is the first benchmark dollar-denominated sukuk from a GCC issuer in 2018 and provides significant support for the …
( read original story …)
Foreign bank ordered to pay €700,000 to local company
Dubai: A foreign bank branch will have to pay €700,000 plus an appropriate amount of compensation to a local company for its malpractice in processing the plaintiff’s letter of credit. The case was recently resolved by the Expertise and Dispute …
( read original story …)
UAE Ministry of Finance Launches a Series of Initiatives to Mark UAE Innovation Month
As part of its efforts to strengthen the country’s position as a global hub for innovation, the Ministry of Finance (MoF) launches a series of initiatives and activities to mark the ‘UAE Innovation Month 2018’. Some of the Ministry’s most notable …
( read original story …)
UAE- Finance House extends branch network
(MENAFN – Khaleej Times) Abu Dhabi – Finance House, which is listed on Abu Dhabi Securities Exchange, announced the opening of its new branch in Mussafah industrial area, Abu Dhabi. The opening ceremony was held under the patronage of Khalil Mohammed …
( read original story …)
Hamdan Bin Rashid receives Azeri finance minister
Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, received on Tuesday evening Samer Sherifov, Minister of Finance of Azerbaijan. Shaikh Hamdan and the visiting minister exchanged a number of financial issues and means …
( read original story …)
Standard Chartered Bank, Ducab mark implementation of integrated payments solution
Head of Transaction Banking at Standard Chartered Bank, UAE. At a commemorative event at Ducab’s headquarters, Julian Wynter, Chief Executive Officer, Standard Chartered Bank, UAE said, “Delivering this solution to Ducab reaffirms the Bank’s …
( read original story …)
UAE Central Bank Hosts first meeting of new Higher Shari’ah Authority
In addition to a group of Central Bank’s senior officials. H.E. Mubarak Rashed Al Mansoori, Central Bank Governor, welcomed the Chairman and the Board Members of the Higher Shari’ah Authority in his opening remarks where he highlighted the objectives …
( read original story …)
Emirates NBD inks Unec’s Dubai project finance deal
Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
( read original story …)
United Arab Emirates shares mixed at close of trade; DFM General up 0.18%
Investing.com – United Arab Emirates equities were mixed at the close on Monday, as gains in the Banking, Real Estate & Construction and Insurance sectors propelled shares higher while losses in the Telecoms, Finance & Investment and Transport sectors …
( read original story …)
New Islamic economy products launched in Dubai
They key aim is to achieve a sustainable economy.” Held at Grand Hyatt Dubai, the event was attended by industry experts, innovators, and decision-makers. It was supported by Alinma Bank, Islamic Development Bank and Dubai Islamic Economy Development …
( read original story …)
Emirates NBD Bank : inks Unec’s Dubai project finance deal
Emirates NBD, a leading bank in the region, said it has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec (United Engineering Construction Company) towards building work on Dubai-based property developer Nakheel’s Deira …
( read original story …)
Zabeel House by Jumeirah Al Seef opens on the banks of Dubai Creek this Spring – with a mini-version next door
Al Seef is the newest destination by Meraas, the masterminds behind The Beach, Box Park, City Walk and La Mer; a busy two kilometre promenade of shops, cafes and pop-ups on the south bank of Dubai Creek. Old meets new on the waterfront, with modern and …
( read original story …)