NAB to probe Pakistanis’ Dubai investment

All the investment made in the Dubai’s real estate are illegal, as the State Bank of Pakistan has already informed the committee that the central bank never gave the permission to any individual to invest in the real estate sector anywhere in the world. ( read original story ...)

UAE, Switzerland being asked about Pakistanis’ assets

ISLAMABAD: The government has started negotiations with the UAE and Swiss governments to collect information regarding Pakistanis holding billions of dollars of offshore assets and bank accounts to bring these Pakistanis into the tax net. “We have ... ( read original story ...)

NAB to be tasked for getting details on UAE investments

The FBR had received a list of 100 Pakistanis, who had invested in real estate business in Dubai, from the Federal Investigation ... misappropriation in the promotion process for National Bank of Pakistan employees, Governor State Bank of Pakistan Tariq ... ( read original story ...)

UAE ranks first in 11 global competitiveness Indices

HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented these achievements to UAE President HH Sheikh Khalifa bin Zayed Al Nahyan and HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of ... ( read original story ...)

Global Fintech Innovation showcase stops in Dubai this month

Held in partnership with the UAE Ministry of Finance, and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast will take place from 26-27 February at the Madinat Jumierah Conference ... ( read original story ...)

UAE’s FAB gets investment banking license in Saudi Arabia

First Abu Dhabi Bank (FAB), the UAE’s largest bank, received a license from Saudi Arabia’s Capital Market Authority to offer investment banking services in the kingdom, joining a host of foreign banks scurrying for business in the Arab world’s ... ( read original story ...)

Bank of Singapore eyes expansion Dubai as assets jump

The private banking arm of Singapore's second-biggest lender, OCBC, aims to add around 25 relationship managers to its Dubai office by 2020 as it targets more business from non-resident Indians and wealthy Middle East clients, a senior executive told Reuters. ( read original story ...)

Al Jaber Group close to $1.6b debt restructuring

Dubai: Abu Dhabi-based Al Jaber Group expects to seal a deal ... Al Jaber’s debt is mostly held by local and international banks, although some hedge funds and other non-bank financial institutions also feature among the creditor group, sources familiar ... ( read original story ...)