UAE Food Bank receives 25 tonnes of food in two months

During Ramadan, hundreds of low-income families and labourers benefitted from surplus food donated by supermarkets and hotels through the first location of the UAE Food Bank. Since its launch back in April, the bank has received 25 tonnes of canned food ... ( read original story ...)

Saudi Aramco takes steps to maximize IPO valuation

DUBAI: The government of Saudi Arabia and Saudi Aramco are taking ... accounts was a normal part of the preparation process for an initial public offering (IPO) of shares on a stock exchange. There has been some skepticism among international energy ... ( read original story ...)

UAE Food Bank gets first permanent sponsor

Dubai: Easa Saleh Al Gurg Charity Foundation has become the first permanent sponsor of the UAE Food Bank. An agreement in this regard was signed by Dr. Raja Easa Saleh Al Gurg, chairperson of the foundation, and Hussain Nasser Lootah, director-general of ... ( read original story ...)

Islamic Finance Risks Raised by Dana Gas Case

the assets underpinning them are governed by UAE law) and this court has granted Dana Gas an injunction protecting it from claims until the case is decided (the first hearing is scheduled for end of December 2017). Test case for broad Islamic finance ... ( read original story ...)

Millennials key to future of Islamic banking

In the UAE, it is estimated Islamic financing assets constitute about 30 per cent of the local banking sector, a figure that has increased rapidly in recent years. “Islamic banking has been growing at roughly double the pace of conventional banking in ... ( read original story ...)

Analysis: Pakistan’s Islamic banking just amazes everyone

Everyone in Pakistan is pleasantly amazed over the fast-track popularity of Islamic banking, latest reports show. Add to this the success story of Dubai Islamic Bank of Pakistan. The market share of Islamic bank deposits rose to 13.2 per cent from 12.9 per ... ( read original story ...)

Dubai Updates Cybersecurity Strategy

See Also: 2017 Predictions on Data Security: Insights on Important Trends in Security for the Banking Industry The new strategy, designed to help portray Dubai as a world leader in cybersecurity, eventually could be expanded nationwide. "The strategy's a ... ( read original story ...)

UAE banks boost lending, revenues

said in its UAE Banking Pulse report. The increase in lending between the first quarter of 2017 and the final quarter of 2016 came after these banks' loan books fell 0.13 per cent between third and fourth quarter of 2016, signalling the end of a per­iod ... ( read original story ...)