S&P affirms Abu Dhabi’s ratings

We estimate the UAE's gross external financing needs at almost 115 per cent of usable reserves of the UAE central bank and CARs on average over the same period. “We expect the UAE dirham's exchange rate peg to the U.S. dollar will remain in place over ... ( read original story ...)

What about a poetry evening in Dubai today?

An annual poetry symposium, The Poetic Heart, is bringing together 12 poets from different nationalities, mature and young poets, at Emirates Institute of Banking and Financial Studies auditorium located at Dubai International Academic City today and tomorrow. ( read original story ...)

The bears gain control of UAE markets

then Ajman Bank could eventually hit 1.84 at a minimum. Bruce Powers, CMT, is chief technical analyst at www.MarketsToday.net. He is based in Dubai. ( read original story ...)

Here are four tips to help you secure a personal loan in 2017

So if you're earning Dh10,000 per month, but you have to pay out Dh5,000 per month on credit card and loan payments, your debt-burden ratio is 50 per cent - the legal limit in the UAE. When it comes ... line as soon as a bank grants you an approval for ... ( read original ...

Alternative financing options for the GCC

Besides having access to bank loans at competitive rates ... as opposed to the main Tadawul exchange. In the UAE, to facilitate bond issuance by SMEs, the minimum issue size of bonds has been decreased from $13.5m to $2.7m, which could increase SME ... ( read original story ...)

Investments by Pakistanis in UAE property market declining

Real estate brokers here believed that a major reason behind a decline in the investment of Pakistani citizens was a fear that the UAE government would share their bank details with the Pakistani government. “[Pakistani] investors feared that the UAE ... ( read original story ...)

Kittel does a double in Dubai

Sacha Modolo (UAE Abu Dhabi); 7. Jean-Pierre Drucker (BMC Racing Team); 8. Paolo Simion (Bardiani CSF); 9. Sonny Colbrelli (Bahrain-Merida); 10. Dylan Groenewegen) Team Lotto NL-Jumbo). General Classification (Blue Jersey sponsored by Commercial Bank of ... ( read original story ...)

Central Bank releases broad regulation aimed at data privacy

On January 1, 2017, the UAE’s Central Bank released a long-awaited regulatory framework for virtual currencies and electronic payment systems, aimed at digital payment service providers (PSPs). The regulation predominantly pertained to data protection ... ( read original story ...)

Emirates NBD unveils digital banking for Millennials

Emirates NBD on Thursday launched Liv., the UAE’s first digital bank targeted at millennials. The new digital banking proposition is part of Emirates NBD’s planned investment of Dh500 million towards digital innovation and multichannel transformation ... ( read original story ...)