Ministry of Human Resources and Emiratisation announced that walk-in interviews will be conducted for 342 job vacancies in the banking sector on Monday. The opportunities are available in Abu Dhabi, A…
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Dubai aims for 20mn tourists by 2020, India among top targets
Kolkata, July 30 (IANS) Dubai is aiming for 20 million visitors from around the globe by 2020 and is heavily banking on tourists from India, which is currently the country’s number one source market w…
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The must-read personal finance books for your holiday
an independent financial adviser and senior partner with Holborn Assets in Dubai. It covers the build-up to the US housing bubble and subsequent market crash and is a “lesson in sticking to things tha…
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Starting a business? Dubai Chamber of Commerce and Industry can help you set up
The report contains credit rating of the company of interest in addition to information regarding business activities and financial status. This service is often used by various types of businesses in …
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UAE and Invest India sign artificial intelligence MoU
The UAE ministery of Artificial Intelligence (AI) and Invest India have signed MoU for future cooperation in AI economies. The partnership will focus on open bilateral engagement through a joint worki…
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Top UAE listed banks said to increase profitability in Q1
Professional services firm Alvarez & Marsal said in its latest UAE Banking Pulse report that liquidity is expected to remain healthy for the remainder of 2018. Comparing the data of the 10 largest lis…
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‘Will I have problems transiting through Dubai Airport over a dormant bank account?’
When I left Dubai in 2014, there was some money in my UAE bank account and I still had a credit card. I thought I might return and indeed did so in 2015, but only for a week. I never closed my persona…
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UAE banks’ liquidity set to remain healthy
Compared to the previous quarter, deposits grew at a similar rate (1.41 per cent) in the first quarter as loans and advances rose (1.53 per cent), resulting in a stable loan-to-deposit ratio (LDR), th…
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Abu Dhabi Islamic Bank seeks $123m capital increase
Khamis Buharoon, ADIB vice chairman and acting CEO, said: “The pace of the bank’s growth has been fast, increasing its number of customers to one million in the UAE, nearly double the number it had fi…
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HSBC hires London exec to lead Middle East banking ops
HSBC has appointed Gareth Thomas as regional head of global banking for the Middle East, North Africa and Turkey (MENAT), effective from September, subject to regulatory approval. Thomas will relocate …
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Saudi lender National Commercial Bank lifted by rise in fees and investment income
Dubai: Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported a 6.7 per cent rise in second-quarter net profit on Tuesday on increased fees, commission and investments. …
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UAE Banks Federation hold workshop in Abu Dhabi ahead of Basel III implementation
The workshop was designed to support Heads of Risk Management (CRO) and Heads of Finance (CFO) as they prepare for the upcoming transition, according to UBF, in line with regulations set by the Centra…
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Emirates NBD Bank : ENBD launches family savings account for Emiratis
Emirates NBD, a leading bank in the region, has launched its Emirates NBD Family Savings Account for UAE national customers, enabling Emirati families to benefit from preferential interest rates and p…
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UAE’s Invest Bank’s ratings lowered
The lowered rating followed the sizeable increase in non-performing loans (NPLs) in 2017 and in Q1 2018, which has led to a significant decline in the loan-loss reserve (LLR) coverage ratio and the im…
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UAE private wealth forecast to grow to $590bn by 2022
It said UAE non-investible assets are expected to increase at an … senior partner & managing director of BCG Middle East’s Financial Services practice. “Value creation opportunities touch all parts …
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UAE private wealth growth expected to grow over next five years
Global personal financial wealth grew by 12 per cent in 2017 to $201.9 … Going forward personal wealth in the UAE is projected to continue to grow at a compound annual growth rate (CAGR) of eight pe…
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UAE bank saver gets Dh1 million reward
Dubai: A UAE resident just proved that buying expensive lottery tickets isn’t the only way to get rich quick, but putting money in a bank account, too. Khalid Ahmed Al Marzooqi woke up to a surprise r…
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