The United Arab Emirates’ central bank said on Saturday it was temporarily relaxing two key requirements to improve liquidity and funding needs of banks to encourage them to lend more to businesses …
( read original story …)
UAE central bank temporarily relaxes rules on liquidity, funding for banks
The United Arab Emirates’ central bank said on Saturday it was temporarily relaxing two key requirements to improve liquidity and funding needs of banks to encourage them to lend more to businesses …
( read original story …)
COVID-19 response: Central Bank of UAE relaxes prudential ratios to enhance Targeted Economic Support Scheme
Debit card blocked, no salary for three months; how will I survive the COVID-19 pandemic? UAE: ‘My bank gave me Dh156 cashback, instead of Dh1,219.06 on my credit card. Please help!’ Dubai: The Board …
( read original story …)
UAE Central Bank rolls out more measures to boost capacity of banks to support customers
The regulator is relaxing two key liquidity requirements within the Targeted Economic Support Scheme that was launched in March …
( read original story …)
Ex-J&K Fin Min’s son diverted loan amount to buy properties in US, UAE: ED
A day after the Enforcement Directorate (ED) carried out searches at 17 locations in connection with the Rs 177 crore Jammu and Kashmir Bank fraud case, the financial probe agency on Friday claimed …
( read original story …)
UAE Health and Medical Insurance Market (2020 – 2025)
The market is growing at a faster rate, owing to the compulsory health cover initiative taken by the governments in all of its seven emirates, which is currently under implementation phase in the four …
( read original story …)
Dubai Mall is First Shopping Center to Achieve GBAC STAR™ Facility Accreditation
The Dubai Mall, one of the largest shopping malls in the world, along with 14 additional facilities around the globe have achieved GBAC STAR™ facility accreditation from the Global Biorisk Advisory …
( read original story …)
Hedge Fund Boss Gets Limited Money To Fight $2B Fraud Suit
A judge refused on Thursday to release £12.7 million ($16.7 million) in assets held by the court to a hedge fund founder accused of masterminding a $2 billion tax fraud against Denmark, saying the …
( read original story …)
R.J. O’Brien Acquires Global Interdealer Broker Lombard Forte Securities
PRNewswire/ — Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United …
( read original story …)
RJ O’Brien acquires Dubai-based interdealer broker Lombard Forte Securities
Lombard Forte Securities is now part of the RJ O’Brien group as the broker looks to expand its geographic reach.
( read original story …)
UAE: Reader complains against bank charges of Dh1,300 for a credit card that was blocked
Bank reversed the total outstanding after Gulf News’ intervention. Trending Get Breaking News Alerts From Gulf News We’ll send you latest news updates through the day. You can manage them any time by …
( read original story …)
Dubai Aerospace Enterprise posts 38% drop in H1 profits
Dubai Aerospace Enterprise (DAE), the Middle East’s largest plane lessor, has reported a 38 percent drop in profits for the first half of the year compared to the first six months of 2019. The company …
( read original story …)
Kuwait Finance House’s Q2 profit down 77.5% hit by lockdown
Kuwait Finance House KFH.KW on Thursday posted a 77.5% decline in second-quarter profit after it boosted impairment charges and precautionary provisioning …
( read original story …)
BNP Halts New Commodity Trade Finance Deals Amid Unit Review
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
( read original story …)
Dubai Aerospace Enterprise reports $197.1m first half 2020 net profit
Fewer asset sales resulted in lower gains, reduced finance income Dubai: Dubai Aerospace Enterprise (DAE) Ltd on Wednesday The company reported a total revenue of $672.6 million in the firt half of …
( read original story …)
Foreign investment in Dubai plummets in first half 2020
DUBAI (Reuters) – Foreign direct investment in Dubai fell by 74% in the first half of the year compared to the same period of 2019, as the coronavirus pandemic stalled parts of the global economy.
( read original story …)
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter.The …
( read original story …)