The report also found that the top-most financial priorities for UAE expats were saving and investing for retirement (82 per cent), children’s education (47 per cent) and property (43 per cent). …
( read original story …)
Dubai Financial Crisis – Dubai Expo 2020 – Impact on Dubai Tourism – UAE – Dubai Video
Dubai Sheikh Mohammed bin Rashid Al Maktoum has promised that Dubai would “astonish the world,” in 2020 & so UAE will be hosting Expo 2020 in Dubai, in October next year. The master plan of …
( read original story …)
Dubai wants African startups to tap into US$100m Fintech Fund
The Dubai International Financial Centre (DFIC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has urged African financial technology startups to …
( read original story …)
INTERVIEW: UAE, Saudi stepping up anti-money laundering measures- U.N. official
The United Aram Emirates and Saudi Arabia are moving forward with their plans to counter money laundering, especially as the rise of fintech raises risks of illicit financial transactions, a United …
( read original story …)
Emirates NBD Transaction Banking boosts Dubai Department of Finance’s digitisation strategy
Dubai:Emirates NBD, a leading bank in the region, has announced the successful implementation of a digitised payment solution for Dubai Department of Finance (DoF) to achieve full Host-to-Host (H2H) …
( read original story …)
UAE offers 100% foreign ownership in 122 economic activities
in order to increase the efficiency of financial planning and implementation of the general budget. During the meeting proceedings, the Cabinet also reviewed during the hosting of the meetings of the …
( read original story …)
First banking M&A wave in GCC subsides but UAE still ripe for consolidation, says S&P
The recent wave of mergers and acquisitions in the GCC banking sector is losing momentum, however, the UAE – the second biggest Arab economy and home to more than 40 lenders – is still ripe for …
( read original story …)
UAE indices little changed amid summer lull
The Dubai Financial Market (DFM) index inched up 0.2 per cent to end at 2,678.92, a day after it closed at the 50-day moving average. Blue chip Emaar was the most actively traded stock by value …
( read original story …)
Banks scramble to re-pitch for Aramco IPO roles: sources
LONDON/DUBAI (Reuters) – Investment banks are scrambling to re-pitch … “Bankers previously involved in the IPO are pushing for meetings with Aramco,” one of the sources said. “There is some shifting …
( read original story …)
Digitization the Only Way for Banking Sector… It Won’t Threaten Jobs
Digital channels are used more frequently than branches and ATMs across all generations. Digitization is the only way forward for the banking sector and most UAE banks are investing heavily to …
( read original story …)
INTERVIEW: Dubai Financial Market has “healthy” IPO pipeline, says operations head
The Dubai Financial Market (DFM) has a healthy level of initial public offerings (IPOs) in its pipeline and expects its new real estate investment trust (REIT) platform to have promising growth …
( read original story …)
DP World nets decent deal due to tricky IPO waters
The $13 bln Dubai-listed port operator bought energy shipping company Topaz for $1 bln including debt. The buyer has avoided overpaying by sticking to its guns on the price. And Renaissance Services, …
( read original story …)
Dubai Police: Over 800 bank fraud cases in three years
Dubai: More than 800 bank fraud cases have been reported in Dubai over the last three years, Dubai Police said on Sunday to drive home the point that UAE customers should be more vigilant and not …
( read original story …)
Dubai gold slips to 1-week low. Is it the right time to invest?
In Dubai, 22k gold is priced at Dh160.25 and 24k can be bought … Meanwhile, the dollar index gained 0.2 per cent against basket of major currencies. Hedge funds and money managers boosted their …
( read original story …)
UAE banks expected to report strong H1 profits
A bank in Dubai. The first quarter witnessed a surge in profitability, underpinned by increase in loans and advances, and a stabilised yield on credit. Image Credit: Ahmed Ramzan/Gulf News …
( read original story …)
Dubai Police: Over 800 bank frauds cases in three years
Dubai: More than 800 bank fraud cases have been reported in Dubai over the last three years, Dubai Police said on Sunday to drive home the point that UAE customers should be more vigilant and not …
( read original story …)
Pakistan signs $375 million syndicated loan with UAE banks
DUBAI (Reuters) – Pakistan signed a $375 million syndicated loan with banks in the United Arab Emirates in June made up of conventional and Islamic banking tranches, the Pakistani government said on …
( read original story …)