Prime Minister Narendra Modi will pay a three-day visit to United Arab Emirates and Bahrain beginning August 23 and hold extensive talks with top leaders of the two countries on bilateral, regional …
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UAE banks’ exposure to realty declines
Growth in the UAE banking sector’s loan exposure to the real estate sector nearly halved to 8.5 per cent last year, compared to 18.1 per cent in the previous year, due to a persistent decline in …
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GCC IPO activity picks up pace in Q2: PwC
Companies looking to tap into the equity capital market should get themselves ready early and remain on standby, in order to maximise their chances of a successful IPO.” He added: “The UAE Cabinet’s …
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Top UAE banks report strong profit growth in first half
Dubai: The four largest UAE banks, which account for nearly 70 per cent of the banking assets, reported a combined net profit of Dh19 billion for the first half of 2019, up 16 per cent from the …
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Reader Complaint: UAE bank not releasing end-of-service benefits
Reader gets a complaint resolved with a bank. I have been banking with Al Hilal Bank for the past few years. When I switched jobs last October, my previous company transferred my end of service …
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UAE and India to strengthen economic and financial ties
Navdeep Suri, India’s ambassador to the UAE, has celebrated India’s Independence Day by ringing the market-opening bell at Nasdaq Dubai. The ceremony reflected the rapid growth of the already …
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CIS is the next frontier for Islamic banking expansion: Moody’s
Dubai: Islamic banking will grow substantially in Commonwealth of Independent States (CIS) countries in the next five years from a very low base, driven by government initiatives to nurture the …
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Indian family travels to Dubai, appeals to find missing seaman
The family is banking on support from the local police, Dubai Consulate and social workers. “Everyone in the family is devastated. Aayush went missing since July 15. We want to know what happened to …
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UAE’s IBC eyes $5bn deal to acquire 10,000 holiday homes in Dubai
Operating in the UAE since 2014, the IBC Group has focused on private equity investment in real estate, arts and future technologies. The group is backed by global banking and finance leader Khurram …
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Saudi Aramco is ready for IPO- senior executive
DUBAI- Saudi Aramco is ready for its initial public offering, but a timing for the deal will be decided by its sole shareholder, the Saudi government, a senior executive said on Monday. “We will …
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UAE banks prove resilience again with bumper profits – News |
Similarly, Islamic banking is also showing significant traction in the UAE with demand for Shariah-compliant products growing among both Muslim and non-Muslim customers. “UAE banks are expected to …
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UAE banks prove resilience again with bumper profits
UAE banks posted strong profits in the first half of 2019 and this trend is expected to continue in the second, with local and international dynamics dictating the country’s banking sector. But some …
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Expat in the UAE? Ask yourself these financial questions
The appeal of a high standard of living, low taxation, high salaries – and, of course, the sunshine – have long attracted expatriates to Dubai and Abu Dhabi. However, the majority of expats living in …
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How the fintech sector is exploding at Dubai’s financial hub
Dubai International Financial Centre (DIFC) has seen an explosion of fintech companies in the first six months of 2019 reinforcing its position as one of the world’s top 10 fintech hubs. DIFC said its …
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Uzbekistan is an Emerging Market for Islamic Finance
The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the …
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UAE’s largest bank inks $60m deal with UK social housing provider
Optivo, one of the largest social housing providers in the UK, has secured a revolving credit facility worth £50 million ($60.6 million) from the UAE’s largest bank. The three-year deal with the UK …
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DFSA, Egypt cbank team up to promote bank safety
The Dubai Financial Services Authority (DFSA) has partnered with the Central Bank of Egypt (CBE) to facilitate the performance of their respective supervisory tasks and promote the safety and …
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