The banking system in the UAE remains strong with sufficient capital base and liquidity reserves, performing efficiently last year amid favourable macro-economic conditions and a proactive fiscal …
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UAE a leading hub of Islamic Finance
The UAE is a major destination for Islamic Finance and banking. The demand for Islamic banking products is on the rise across country. Aafaq Islamic Finance, a leading financial company in the UAE, in …
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UAE Central Bank publishes Financial Stability Report for 2018
The Central Bank of the UAE, CBUAE, has launched the recent edition of the UAE Financial Stability Report (FSR). The report provides relevant information, financial data, and stability assessments …
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Dubai’s Noor Bank raises over $138m for Azimut’s fixed maturity plan
Dubai’s Noor Bank has raised over $138m (AED507m) in a US-dollar Islamic fixed maturity plan (FMP) in partnership with DIFC-based Azimut Limited. The funding was raised in subscriptions within two …
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Noor Bank raises over Dhs500m for Azimut’s fixed maturity fund
Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in …
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Dubai crane operator loses life savings in fraud
A Pakistani crane operator in Dubai said he has lost his life-savings after Dh127,500 was fraudulently transferred out of his bank account. Abdul Qayyum Abdul Haq, 69, said the fraud happened even …
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Noor Bank raises funds for Azimut’s Fixed Maturity Fund
Dubai-UAE: Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan …
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Noor Bank Raises over AED500 Million for Azimut’s Fixed Maturity Fund
Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, entered a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in …
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Video: Dubai rap song on online bank fraud goes viral
(MENAFN – Khaleej Times) Because the fight against cyber fraud is also a battle of wit and creativity, a leading UAE bank has upped the ante with its music video conveying the message with a swag. …
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Noor Bank raises over Dh500m for Azimut’s Fixed Maturity Plan
Dubai: Noor Bank has announced that it entered into a successful collaboration with Azimut (DIFC) Limited to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai …
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Noor Bank raises over Dh500m for Azimut’s Fixed Maturity Fund
Noor Bank entered a successful collaboration with Azimut (DIFC) to launch the largest US-dollar Islamic fixed maturity plan (FMP) in the UAE under a Dubai International Financial Centre (DIFC) …
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‘Do I have to pay a fee to reactivate my dormant bank account?’
I have a problem with a UAE bank. I didn’t close my account before I left to go back to the Philippines two years ago as I thought the bank would automatically close it. I am back in Dubai as I have a …
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UAE- Etisalat, Noor Bank to offer mobile digital payment service
(MENAFN – Khaleej Times) Etisalat and Noor Bank have announced the launch of eWallet, a new digital payment service aimed at empowering UAE customers with safe, convenient, and flexible payment …
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Dubai woos Indian fintech start-ups with $100 million fund
Incidentally, the Dubai International Financial Centre (DIFC), the financial hub in the Middle East, Africa and South Asia (MEASA), has partnered with The Indus Entrepreneurs (TIE), Mumbai, the …
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Expo 2020 Dubai driving growth plans of UAE firms, says HSBC
Others will focus on investing in sustainability practices. Mike Davis, head of Commercial Banking, HSBC UAE said: “Expo 2020 remains the overriding factor resulting in such strong confidence for …
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Non-resident deposits in UAE exceed loans by $17.5bn
The value of non-resident deposits in the UAE’s banking system exceeded non-resident loans by Dh64.5 billion ($17.5 billion) at the end of May 2019 compared to the same period in 2018, a media report …
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UAE’s Etihad Rail to seek about $2 billion in financing – sources
the developer and operator of the United Arab Emirates’ national rail network, is expected to approach banks for about $2 billion to help finance the expansion of the network, banking sources …
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