Saudi Arabia's central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom's largest banks, for violating its laws and asked all the lenders to correct the violations. The Saudi ... ( read original story ...)
UAE’s Aster DM Healthcare may launch London IPO within next 3 years after Brexit
Dubai-based Aster DM Healthcare is considering listing on the ... 113 clinics and 219 pharmacies in nine countries and in February 2018 it launched an initial public offering (IPO) on the Bombay Stock ... ( read original story ...)
Emirates Islamic to offer UAE Nationals home finance solutions under Sheikh Zayed Housing Programme
Dubai: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced a partnership with the Sheikh Zayed Housing Programme. Enhancing its position as the preferred ... ( read original story ...)
ECI signs MoU with ADCB to support UAE businesses
Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed a memorandum of understanding (MoU) with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading full-service ... ( read original story ...)
Online scam: Filipina expat in Dubai in a soup after falling victim to bank scammers
Dubai Police emphasised that all scam messages contain suspicious links, and warned residents not to open links from unknown sources. Image Credit: Al Ameen Service A Filipina expat has fallen ... ( read original story ...)
Daybreak: Sanchez Reelected. Missing Volatility. (Podcast)
In today’s Dubai Daybreak podcast, we cover the biggest stories that happened over the weekend. Pedro Sanchez looks set to return as Spain’s prime minister. Hedge funds expect low volatility to ... ( read original story ...)
UAE says it will show restraint after tanker attacks, Iran’s behavior a concern
DUBAI (Reuters) - The United Arab Emirates will show restraint after attacks on oil tankers off its coast and is committed to de-escalation during a "difficult situation" caused by Iranian ... ( read original story ...)
UAE to investigate listed firm over inflated acquisition value
The capital markets regulator, which supervises and monitors UAE capital markets Abu Dhabi Securities Exchange and Dubai Financial Market, did not identify the company. The UAE’s Securities and ... ( read original story ...)
Pakistani rupee plunges to record low versus UAE dirham, US dollar: Time to send money?
Dubai: Pakistani expatriates in the UAE are ... According to Vijay Valecha of Century Financial the rupee’s decline has been trigged by concerns about the strict conditions of the IMF bailout ... ( read original story ...)
New system to boost UAE finance sectors’s integrity
The new system "will not affect the customers of banks since it is not applicable to them", the central bank said. The Central Bank of the UAE has developed a Persona Non Grata (UAEPNG) System in ... ( read original story ...)