The UAE government’s financial assistance comes as Pakistan is negotiating a USD 8 billion bailout package from the International Monetary Fund (IMF) to overcome a severe balance-of-payments crisis. I…
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UAE Crown Prince to visit Pak; likely to announce $6.2 bn financial assistance
The package involves $3.2 billion worth of oil supplies on deferred payment, besides a $3 billion cash deposit, the Dawn reported. The UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will visit P…
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UAE banking deposits surge to $43bn in 11 months
The aggregate balance of 3-6 month banking deposits amounted to Dh157.8 billion ($42.9 billion) during the first eleven months of 2018, up 8.4 per cent from the end of 2017, according the Central Bank …
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UAE banks’ international reserves hit Dh404 billion
The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the same month in …
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Dubai businesses voice fears about slow recovery
“Dubai continues to grapple with over-supply in real estate, sluggish white-collar job growth, high cost of living and tougher enforcement of financial regulation,” said Hasnain Malik, head of equity …
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Derivatives: Gulf’s nascent futures market still needs to develop
Meanwhile, Dalma Capital, a hedge fund management company in Dubai which currently manages a long-only Saudi equities fund is considering launching a hedge fund focused on Saudi Arabian equities in 20…
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Gulf’s nascent futures market still needs to develop
Meanwhile, Dalma Capital, a hedge fund management company in Dubai which currently manages a long-only Saudi equities fund is considering launching a hedge fund focused on Saudi Arabian equities in 20…
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The Debt Panel: ‘Can my UAE bank file a case against me in India?’
I lost my job as a call centre executive in Abu Dhabi in February 2017 after my employer forced me to resign. I was earning Dh6,000 in the UAE but I had to return to India where I now only earn 15,000 …
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Revealed: where UAE banks invested their money in 2018
The UAE Central Bank figures, cited by state news agency WAM, show that the value of investments by UAE banks, their subsidiaries and affiliates totalled AED53 billion ($14.4 billion) in the UK. The t…
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Gulf’s REITs bring IPO receipts, but investor returns not so neat
Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
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UAE bank launches cardless cash withdrawal
UAE bank Emirates Islamic has launched cardless cash withdrawal through its mobile banking app. The Dubai-based bank, which has branches in all seven emirates, said customers can initiate the cash wit…
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REITs bring IPO receipts, but investor returns not so neat
Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
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UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
UAE-The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking t…
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UAE- EY Corporate Finance Woman of the Year competition encourages female Emirati students to explore new business sectors
Fatma Al Jassim, 2017 UAE Pioneer award winner, spoke of the importance for young Emirati women to expand their skillset UAE winner to compete against country winners from Australia, Germany …
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UAE banks’ foreign reserves hit record $110bn
The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the …
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MBFGROUP : UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
Mubasher: The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Spea…
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UAE’s banking sector profitability to remain strong in 2019
Dubai: The UAE’s banking sector maintained steady asset growth, improved profitability and asset quality in 2018 and is expected to deliver similar performance in 2019, according to bankers …
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