Abu Dhabi Fund for Development (ADFD), the leading national entity in development aid, appointed the Korea Development Institute (KDI), a prominent Korean think tank, as expert consultants to advise on the need for a UAE-based Export Finance Programme. ( read original story ...)
UAE residents warned against financial frauds
The Abu Dhabi Judicial Department has warned residents against investing in financial portfolios that are not licensed by authorities or falling victims to fraudsters. The judicial officials also highlighted about the dangers of these portfolios, and how ... ( read original story ...)
Dubai Financial Market posts 4% rise in net profit
Dubai Financial Market has announced a net profit of AED145.6 million for the first six months of 2017, up 4 percent on the year-earlier period. The increase was recorded despite net profit slumping 19 percent in the second quarter of the year, the bourse ... ( read original story ...)
Amlak Finance : Dubai developers ramp up sales as Amlak completes part of debut project
07/20 DAMAC PROPERTIES DUBAI PSC: Amlak launch 'Double Your Property' 07/19 DAMAC PROPERTIES DUBAI PSC: Amlak partner to offer investment opportunities 07/19 DAMAC PROPERTIES DUBAI PSC: inks home financing tie-up with Amlak 07/17 DFM gains 5.02 pts at ... ( read original story ...)
BRIEF-Dubai Financial Market Q2 profit falls
July 25 (Reuters) - DUBAI FINANCIAL MARKET: * Q2 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 43.3 MILLION DIRHAMS VERSUS 53.5 MILLION DIRHAMS YEAR AGO * Q2 TOTAL INCOME 92.2 MILLION DIRHAMS VERSUS 102.4 MILLION DIRHAMS YEAR AGO Source:(bit.ly/2tFxXh8) Further ... ( read original story ...)
UAE surplus reserves surge to top $11.6bn in June
Surplus reserves at UAE banks and other financial institutions surged to Dh42.8 billion ($11.6 billion) by the end of June, a growth of 77.6 per cent, or Dh18.7 billion, from Dh24.1 billion in the first month of the year 2017, according to UAE Central Bank ... ( read original story ...)
UAE economy benefitting from rebound in global trade and tourism
In a new report, released today, the accountancy and finance body says the UAE has a more favourable economic outlook because it is the most diversified economy in the GCC. Fuel generates just 22 per cent of the country’s export revenues. The report ... ( read original story ...)
Surplus reserves at UAE banks increase to AED 42.8 billion in June
According to banking experts, the strength of the UAE banking sector has enabled it to consolidate its financial reserves despite slower growth in regional and global economy, highlighting the high investment returns provided by the UAE economy as one of ... ( read original story ...)
UAE bank robbed in broad daylight by masked men
According to the police, the robbery took place at a branch of a bank at Al Buhaira road along the corniche at around 11am. A robbery took place at a bank branch in Sharjah on Tuesday morning, Sharjah Police has confirmed. According to the police, the ... ( read original story ...)
UAE’s Oil Firm ADNOC Negotiates Taking Up To $5B Loan
... Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), is in discussions to get a loan of up to US$5 billion, Reuters reported on Monday, citing banking sources, as low oil prices are forcing giant oil companies in the Middle ... ( read original story ...)