ABU DHABI/DUBAI, Nov 14 (Reuters) – Barclays has been appointed by Abu Dhabi Commercial Bank (ADCB) to advise on a potential merger plan involving Union National Bank (UNB) and Al Hilal Bank, banking …
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UAE central bank removes 20 per cent cap on real estate loans
A cap on real estate lending in the UAE has been lifted by the Central Bank of the UAE, the chairman of the UAE Banks Federation said. Previously for real estate loans, a 20 per cent deposit was …
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The Debt Panel: ‘I have owed money in the UAE for 20 years’
I have been working in the UAE for 30 years and was employed by the same company as an executive secretary from 1991 to 2014, when I was made redundant. Sadly, I did not get to enjoy my end of service …
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UAE embassy issues weather warning to citizens in Kuwait
The UAE Embassy in Kuwait has issued an advisory to its citizens … except those whose jobs require them to be in their work places. Kuwait Banking Association said in a statement on Tuesday that it …
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Emirates NBD Encourages UAE to ‘Give In to Giving’ This World Kindness Day
With World Kindness Day on 13 November, Emirates NBD, a leading banking group and and a pioneer in private sector volunteering in the UAE, has released a video to encourage UAE residents to ‘give in t…
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UAE MoF holds the Government Financial Policy Coordination Council’s third meeting of 2018
HE Younis Haji Al Khoori stressed the pivotal role that the Government Financial Policy Coordination Council plays in studying financial data, discussing the latest issues and changes in financial pol…
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Swiss cryptocurrency firm X8 obtains Islamic finance certification
Switzerland-based financial technology firm X8 AG has obtained … Also read: How to protect yourself from crypto scams in the UAE The company hopes its Ethereum-based cryptocurrency, which …
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UAE banking sector to maintain steady growth
Rating agencies and independent analysts confirm a steady revival in the financial performance of UAE banks, thanks to the rising interest rates and the improving macroeconomic conditions in the …
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Third China-UAE conference on Islamic Banking concludes
DUBAI, 11th November, 2018 (WAM) — The third China-UAE conference on Islamic Banking and Finance, CUCIBF III, concluded recently, with the participation of leading economic experts, bankers, decision …
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UAE central bank removes 20% cap on real estate loans, Banking Federation chief says
The UAE central bank lifted a 20 per cent cap on real estate lending as a percentage of the total deposits of banks, the chairman of the UAE Banks Federation said. The restriction is removed through t…
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Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim
Al Saleh: “UAE-China relations are gaining momentum as efforts to support the Belt & Road initiative & to guide the Islamic economy continue.” • Mansoor Al Awar: “We continue to engage in constructive …
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Emirates NBD recognized as The Innovator in the Middle East by Global Finance
Dubai:Emirates NBD, a leading financial institution in the Middle East has been adjudged ‘The Innovator’ in the Middle East at the Global Finance World’s Best Consumer Digital Banks in the ME Awards 2…
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Report: UAE Banking System Stable for Now
Moody’s Investors Service has kept its outlook on the United Arab Emirates banking system at stable, reflecting a gradually recovering economy, as well as banks’ strong capital, resilient profitabilit…
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UBF forum offers insights into banking trends
The sixth edition of the UAE Banks Federation (UBF)’s Middle East Banking Forum concluded today (November 11) in Dubai, offering exclusive insights into emerging opportunities and challenges facing th…
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How to lose a fortune: UAE big-jackpot winner who nearly lost it all
Hamzah Shalchi, a financial planner, heads the Dubai operations of Guardian Wealth Management. Image Credit: Supplied “With any good fortune, it can be easy to get carried away and purchase …
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Pakistan expects financial package as UAE FM meets Qureshi
ISLAMABAD – Pakistan is expecting a financial package from the United Arab Emirates as Foreign Minister Abdullah bin Zayed Al Nahyan visited Islamabad Friday to meet Pakistani counterpart Shah Mehmood …
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Union National Bank continues to play its part in the success of the UAE’s banking sector
As the economy of the United Arab Emirates continues to diversify away from its longstanding reliance on oil, the country’s financial services sector is becoming an ever-more important engine for grow…
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