Nasdaq Dubai on Tuesday announced the names of 12 Saudi Arabian … active in sectors from real estate and petrochemicals to banking and transport. Their combined market capitalisation is SR859 billio…
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UAE Islamic bank assets surge to $154bn in H1
Assets of Islamic banks operating in the UAE amounted to Dh565 billion ($154 billion) by the end of H1 2018, a 6.7 per cent growth of Dh35.5 billion over the corresponding period in 2017, a media repo…
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UAE bank ATM units surge to 5,261 in H1
In yet another indicator of the growth in economic sentiments in the country, the number of automatic teller machines (ATM), operated by banks in the UAE hit a total of 5261 by end of June, an increas…
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Diversification, Expo 2020 set to sustain UAE economic growth – study
The net result is expected to encourage the banking sector to increase credit activity in non-oil-related business, growing the local business community’s competitiveness and attractiveness to foreign …
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FAB Appoints Head of Investment Strategy and Investment Management for Personal Banking
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has appointed Alain Marckus as Managing Director and Head of Investment Strategy an…
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UAE, Saudi not in top global crypto cities: Who is and why?
Saudi and the UAE may one day become leading countries in the adoption … Venezuelans are turning to BTC,” said Ethereumworldnews. In 2017, the World Bank announced that there were two billion unbank…
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Al Hilal Bank partners with ADGM to promote Islamic finance
Al Hilal Bank has announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic finance in Abu Dhabi and across the U…
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UAE bank stocks offer better value than Saudi and Kuwaiti peers, EFG says
UAE bank shares offer better value than their Kuwaiti and Saudi peers that have received foreign interest after their upgrade to emerging market status, according to Egyptian investment bank EFG Herme…
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UAE’s aggregate banking reserves and assets grow at faster pace in Q2
The aggregate capital and reserves of banks operating in the country grew at a faster pace year-on-year in the second quarter of 2018 to reach Dh330.2 billion, according to the latest Central Bank of …
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UAE bank stocks offer value on better economic prospects, EFG says
UAE bank shares offer better value than their Kuwaiti and Saudi peer that have received foreign sentiment after their upgrade to emerging market status, according to Egyptian investment bank EFG-Herme…
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UAE banks’ ATMs network increased in H1 2018, says CBUAE
The Central Bank of the UAE has announced that the number of automatic teller machines (ATMs), have increased to 5261 in H1 2018 from 5219 the corresponding period in 2017, according to local newswire …
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UAE 3D Printing Market by Technology, Sectors and Regions – Forecast to 2024
The “UAE 3D Printing Market” report has been added to ResearchAndMarkets.com’s offering. According to the report, the UAE 3D printing market is projected to grow at a CAGR of 55.3% during 2018 to 2024 …
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UAE agrees to share financial intelligence with Nigeria’s EFCC
UAE agrees to share financial intelligence with Nigeria’s EFCC – The United Arab Emirates (UAE) says it will share financial intelligence with the Economic and Financial Crimes Commission, as part of …
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Bank withholds gratuity
The company released our end of service payments to Dubai Islamic Bank (DIB), but due to a loan, the bank held my gratuity and is currently blocking it, despite the fact that I have already given them …
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More UAE residents say they’re struggling to make ends meet
Yallacompare’s Consumer Confidence Tracker for Q2 – based on a survey of 1,347 UAE residents – revealed that 41.2 percent are less confident about their financial health than they were this time last …
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Dubai Investments says half-year net profit rises to $133m
Khalid Bin Kalban, managing director and CEO of Dubai Investments, said: “Dubai Investments registered steady growth in its financial results during the first half of 2018. The increase in total incom…
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Dubai Stock Index Posts the Biggest Monthly Increase in a Year
Dubai’s main equity gauge posted its biggest monthly gain in a year, powered by a revival in the banking sector as better-than-estimated earnings help U.A.E. stocks escape this year’s doldrums. The DF…
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