Emirates Islamic eyes strong growth in retail banking business

... the backdrop of low single digit loan growth in the UAE in 2017, Emirates Islamic is targeting strong growth in retail financing business next year, Wasim Saifi, Deputy CEO, Consumer Banking and Wealth Management of Emirates Islamic told Gulf News in ... ( read original story ...)

ADNOC’s distribution unit could raise as much as $2bn in IPO

distribution unit set an indicative price range for its initial public offering (IPO) that could raise as much as $2bn to become the biggest listing in the UAE since 2007. ADNOC Distribution set an indicative price range of between Dhs2.35 ($0.6400 ... ( read original story ...)

Does UAE’s banking sector deserve to be given credit or not?

The UAE’s banking sector will see growth strengthen in 2018, and remain fairly robust in 2019, as the economy at large benefits from higher oil prices and easing oil production curbs. Total assets growth and client loans growth both decelerated in June ... ( read original story ...)

Dubai and Australia team up with fintech initiative

The Dubai Financial Services Authority (DFSA), the financial regulator of the Dubai International Financial Center (DIFC), tied up with the Australian Securities and Investments Commission (ASIC) to put in place a regulatory framework for cooperation on ... ( read original story ...)

UAE investment firm Amanat names new chairman, MD

Vayalil added: “Amanat has the potential to become a game changer in healthcare and education, not only in the UAE but on the global stage. “Both sectors are ripe for investment and with Amanat’s strong financial position, now is the time to ... ( read original story ...)

Middle East financial markets bracing for change

UAE. The UAE Financial Markets Association is challenging the region’s investment bankers, traders, treasury managers and finance professionals to brace for change amid the rise of populism in the West and the sharing economy grows. Mohammed Al Hashemi ... ( read original story ...)

Finance House to be receiving bank for Adnoc unit IPO

Finance House has announced its participation as a ‘Receiving Bank’ in the Initial Public Offering (IPO) of Adnoc Distribution. Adnoc Distribution, the UAE’s leading operator of retail fuel service stations and the sole retail fuel operator in Abu ... ( read original story ...)

UAE seen returning to budget surplus in 2019

The UAE's budget balance will return to surplus by 2019, owing to the recovery in oil prices, the introduction of new taxes - most notably the value-added tax in 2018, according to a new research note. Analysts BMI said capital expenditure will drive total ... ( read original story ...)

Biggest Dubai IPO in 3 Years Has Worst Debut Since 2014

Geopolitical risk in the Middle East took a toll on the debut of a stock linked to one of the strongest brands investors can find in the United Arab Emirates market. Emaar Development PJSC, the U.A.E. real estate developer that began trading in Dubai on ... ( read original story ...)