The private-banking arm of OCBC Bank is adding more staff in Dubai, as the Singapore lender seeks a greater role in managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 relationship …
( read original story …)
Bank of Singapore to add more Dubai staff in wealth drive
The private-banking arm of Oversea-Chinese Banking Corp is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 …
( read original story …)
Bank of Singapore Hires Private Bankers for Mideast Wealth
The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about …
( read original story …)
UAE law firm gives advice for SME success in 2018
While ensuring a sound corporate structure can assist in raising finance through traditional channels, raising bank loans can be challenging for SMEs in the UAE. For example, the default rate on debt repayments for Mashreq bank stands at around 20 per cent.
( read original story …)
Dubai Financial Market launches short-selling service
Dubai Financial Market (DFM) has officially launched a short-selling service for stocks after completing the necessary regulatory and technical steps. Under the system, investors can sell securities that are listed on the market that they do not own with …
( read original story …)
Emirates Development Bank adopts SME Finance Strategy
This gives companies a greater finance opportunity at a lower cost, which leads to better evaluation with regards to the ease of doing business, global competitiveness, innovation, entrepreneurship and development. Esteemed members of the UAE Cabinet …
( read original story …)
Dubai Financial Market : DFM launches regulated short-selling
The Dubai Financial Market said it is processing licence requests from seven brokerage firms to provide the service. (Supplied photo) The Dubai Financial Market (DFM) announced on Sunday the long-anticipated launch of regulated short-selling (RSS) as part …
( read original story …)
Personal finance industry in UAE reacts to surge in bitcoin interest
But with no regulation in the sector, it is not possible for a UAE resident make bitcoin part of their investment portfolio in the same way they would when buying currency or shares through their personal finance advisor. In reaction to this Holborn Assets …
( read original story …)
Dubai Financial Market : UAE bourses likely to revive end-2017 – Analysts
Dubai – Mubasher: The UAE stock markets are expected to rise prior to the end of the current year as stocks are testing attractive buying levels, in line with the completion of ADNOC Distribution’s initial public offering (IPO). The Dubai Financial …
( read original story …)
Emirates Development Bank pledges Dh450m of funding to SMEs for 2018
Emirates Development Bank (EDB) has allocated Dh450 million of its Dh1 billion budget for next year to support the country’s small-to-medium-sized enterprises (SME), as soft economic conditions continue to weigh on the segment. The UAE government lender …
( read original story …)
Qatar sovereign fund backs LSE chairman in activist stand-off-source
DUBAI (Reuters) – Qatar’s sovereign wealth fund has thrown … a source familiar with the matter said on Tuesday. British hedge fund firm TCI Fund Management, a 5 percent shareholder in LSE, is pushing to oust Chairman Donald Brydon over his handling …
( read original story …)
UAE developer says investors can buy homes with digital currency
MAG Lifestyle Development, part of the UAE-based MAG Group, has announced that it will offer customers the opportunity to purchase properties using OneGram, the first Sharia-compliant crypto-currency. The developer said the move will provide property …
( read original story …)
Omniyat secures bank funding for new Dh1.3bn Dubai mixed-use scheme
Omniyat, a private real estate developer in the UAE, has secured Dh500 million of bank financing over five years to build a Dh1.34bn mixed-use scheme in Dubai’s Business Bay. “Construction on site has already begun and we are preparing to announce the …
( read original story …)
Dubai Sets Its Sights On Becoming The World’s First Blockchain-Powered Government
Earlier this month, the UAE’s central bank announced it was undertaking a joint project with the Saudi Arabian Monetary Authority to use blockchain technology to issue a digital currency accepted in cross-border transactions between the two countries.
( read original story …)
Gulf Bank Wins ‘Credit Risk Technology Implementation of the Year in the Middle East and Africa’ from the Asian Banker
… Bank received the award at a ceremony following the ‘MENA Risk and Transaction Banking Dialogue 2017’, held earlier this month, at the Conrad Hotel in Dubai. The Asian Banker is one of Asia’s leading consulting companies in financial services …
( read original story …)
UAE essential to One Belt One Road, says Bank of China GM
Khalifa Industrial Zone Abu Dhabi (KIZAD) has announced the signing of a Memorandum of Understanding (MOU) with Bank of China Ltd. – Abu Dhabi to mutually promote their services for the benefit of both entities’ customers in the UAE and abroad.
( read original story …)
$54,000: the cost of insuring a McLaren supercar in the UAE
Richards said yallacompare’s banking comparison business also thrived this year, serving well over 2 million individuals in the UAE alone, and processing over 61,000 banking applications.
( read original story …)