Tag: finance

It is licensed as a payments services provider by the Dubai Economic Department and is able to offer banking services by partnering with Sharjah-based United Arab Bank, which holds the deposits. But Rise wants to do more than just offer banking services to …
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This role will focus on all Network & Voice products with end to end responsibility of the platform ownership across whole of business. This role will be accountable for the overall platform operational stability and will lead the products engineering …
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The UAE National Emergency Crisis and Disaster Management Authority … According to Bloomberg, the Yemeni conflict has caused serious financial pressures at a time when oil prices are low and have led to a $200bn decline in Saudi net foreign assets …
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Dubai: The UAE’s banking sector outlook for 2018 remain solid in the context of stable operating environment in the country, according Fitch Ratings. “The UAE operating environment remained solid in 2017, and this is expected to continue in 2018, due …
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First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, is the first UAE bank to become a signatory to the United Nations Global Compact (UNGC) – a UN policy initiative encouraging businesses …
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The United Arab Emirates (UAE) has now become the first Arab country to win Category B membership into the International Maritime Organization (IMO) Council. The win was the triumphant result of an election that included nominees from 11 leading countries …
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Dubai: As inflation picks-up and rates rise, UBS, which manages trillions of dollars of clients money, prefers to look at hedge funds as an alternative as co-relation between asset classes break down. Hedge Funds have historically outperformed other asset …
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Dubai International Financial Centre’s iconic Gate building has been decorated with giant images of 2 UAE leaders. To mark the 46th National day on 2 December, the 50×20 metre images portray the Father of the Nation, the late Sheikh Zayed bin Sultan Al …
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Assets of Islamic banks operating in the UAE amounted to Dh535 billion ($145.6 billion) by the end of October, around 6 per cent growth since the beginning of the year, accounting for 20.2 per cent of total banking assets in the country, valued at around …
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This was primarily because consumers in the UAE see cash as a quicker and safer payment option over which they have more control. However, card payments are gradually increasing supported by government financial inclusion programs, promotional campaigns by …
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The UAE Banking Pulse report analysed quarterly data of the 10 largest listed UAE banks in the third quarter of 2017 against the second quarter of 2017, and identifies prevailing trends throughout the intervening period. The report uses independently …
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(MENAFN Editorial) UAE, November 27, 2017- The Dubai Center for Islamic Banking and Finance (DCIBF), an entity formed through a partnership between Hamdan bin Mohammed Smart University (HBMSU) and the ‘Dubai the Capital of Islamic Economy’ initiative …
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Taxis in the UAE would, therefore, charge no VAT to its passengers … Guidance is expected from the Ministry of Finance and FTA over the coming days.
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Mohammed Ibrahim Al Shaibani, executive director and CEO, Investment Corporation of Dubai said: “In the first half of 2017 the portfolio of ICD continued to deliver strong operating and financial results and steady growth. ICD remains focused on …
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ABU DHABI (Reuters) – RAK Ceramics plans to build a third plant in India to almost double its production capacity there next year, the UAE-based company’s chief executive told Reuters. “Our target in India is to have 20 million square metres of capacity …
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Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received the prestigious award of “Financial Institution of the Year” at the first edition of the MEED Awards.. DIB was acknowledged for the bank’s consistent market leading performance …
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but we’re still studying it and will probably wait until after the IPO before deciding whether to buy it,” said Marwan Haddad, who helps manage about $100 million in Middle East assets at Al Mal Capital PSC in Dubai. “There’s not a lot of room for …
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