The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combating the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the risks …
( read original story …)
Central bank of UAE issues new AML guidance on risks related to payments
The guidance, which comes into effect on Monday, will assist LFIs’ understanding of risks and effective implementation of their statutory AML/CFT obligations, and …
( read original story …)
UAE: All you need to know before and after buying property in the Dubai
Property is the most sought-after sector for local and foreign investors, pumping billions of dirhams every year to earn strong return on their investments. Over the years, Dubai has really …
( read original story …)
Meydan Free Zone enables start ups to bank with ease with their Commercial Bank of Dubai partnership
The partnership will enable trade license holders of Meydan Free Zone to leverage CBD’s banking products and services, including exclusive digital business accounts, as well as a wide range of …
( read original story …)
Abu Dhabi Islamic Bank named as the most innovative Islamic Bank by Islamic Finance news
ADIB also won Best Islamic Private Bank, Egypt Deal of the Year, and Best Islamic Bank for Treasury Management …
( read original story …)
What is the state of open banking regulations in Mena today?
Abdulla Almoayed is the founder and CEO of Tarabut Gateway, an open banking startup headquartered in the UAE The tide of open …
( read original story …)
Jordan’s Arab Bank posts H1-2022 net profit at Dh252m
Randa Sadik, CEO of Arab Bank, said, “The underlying performance of the Group continues on its growth path with 6 per cent growth in net operating income across the bank’s lin …
( read original story …)
UAE national banks credit to business and industrial sector grows
According to the apex bank’s figures, the cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14 percent or AED14.6 billion, said a Wam news agency …
( read original story …)
National banks in UAE provided $189.83bln in credit facilities to business, industrial sector in first four months of 2022
According to the apex bank’s figures, the cumulative balance of credit provided by national banks to the sector on a year-on-year basis grew by 2.14% or $3.97bln …
( read original story …)
UAE Cold Chain Market Outlook Report 2022-2025 – ResearchAndMarkets.com
The “UAE Cold Chain Market Outlook to 2025 – the Cold Chain Market in UAE is Thriving With the Advent of Government’S Economic Diversification Plans Coupled With UAE’s Increasing Adoption of …
( read original story …)
Dubai Financial Market net profit jumps 63% at Dh63.4m in H1-2022
Dubai: The Dubai Financial Market (DFM) posted a 63 per cent surge in its profit for the first-half of 2022 and said it benefited from the IPO (initial public offering) of DEWA. DFM’s net profit in …
( read original story …)
Logistics Market in the UAE to Record 6.44% Y-O-Y Growth Rate in 2022, Manufacturing Segment to be Significant for Revenue Generation – Technavio
Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 …
( read original story …)
UAE Central Bank Imposes Sanctions on 6 Banks
The Central Bank of the UAE (CBUAE) has imposed financial sanctions on six banks operating in the UAE, pursuant to Cabinet Resolution No. 9 of 2021, implementing certain provisions of the Organisation …
( read original story …)
DFM posts 63% growth in net profit of H1 2022 to $17.27mln
DUBAI – The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit to AED63.4 …
( read original story …)
UAE’s top bank FAB cautious after flat second quarter profit
First Abu Dhabi Bank (FAB) , the United Arab Emirates’ biggest lender, struck a cautious tone on the second half of the year on Thursday, as it reported broadly flat second quarter profit.
( read original story …)
DFM second-quarter net profit more than doubles as trading values surge
Dubai Financial Market reported a 134 per cent annual increase in second-quarter net profit, driven by improved trading values and rising income. Net profit attributable to the owners of the company …
( read original story …)
UAE Central Bank imposes financial sanctions on six banks
The UAE Central Bank has imposed financial sanctions on six banks in the country for not fully complying with the country’s reporting procedures. The directives, in line with the Organisation for …
( read original story …)