Dubai: Bank of Sharjah on Tuesday reported Dh200 million net profit for the first half of 2018, up 31 per cent from Dh152 million for the same period last year. The bank’s total comprehensive income f…
( read original story …)
UAE’s largest bank sees half-year net profit jump to $1.6bn
First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Tuesday reported net profit of AED6.1 billion ($1.6 billion) for the first six months of 2018, up 10 percent year-on-year. The bank also announce…
( read original story …)
Dubai Financial Market sees 43% slump in half-year net profit
Dubai Financial Market (DFM) on Monday announced a net profit of AED82.8 million ($22.5 million) for the first six months of 2018, down 43 percent on the year-earlier period. The company said net prof…
( read original story …)
SABIC deal lets Saudi Arabia delay Aramco IPO, spend on growth: sources
DUBAI (Reuters) – A proposed reshuffle of state assets would … A major goal of the planned Aramco listing – which was initially slated for the end of 2018 and could prove the biggest IPO in history …
( read original story …)
UAE targets 1,500 Emirati jobs in banking, finance sectors
The UAE’s Ministry of Human Resources and Emiratisation has announced the launch of an initiative in partnership with the central bank to boost the employment of Emiratis in the banking and finance se…
( read original story …)
Banking a challenge for 65 per cent of UAE SMEs, study shows
Almost two-thirds of entrepreneurs consider banking their first challenge when setting up a business with funding the second biggest obstacle, according to a new UAE government study released on Sunda…
( read original story …)
Little cheer for Dubai as market pain continues
Dubai: The underperforming Dubai Financial Market (DFM … in the wake of Emaar Development’s initial public offering (IPO). Now, corporate governance issues emanating from Abraaj, which has been accu…
( read original story …)
Green car finance market revs up in the UAE
The green auto loan market has ramped up after two new players launched eco-friendly car finance products to encourage customers to buy hybrid or electric vehicles as part of the UAE’s 2021 Sustainabi…
( read original story …)
Noor Bank strategy to become world class Sharia bank
Dubai: Noor Bank after undergoing a recent management overhaul is working on a strategy to emerge as one among top ten contemporary Islamic banks in the world. The focus of the new team that took char…
( read original story …)
Noor Bank rolls out new proposition for the affluent
Dubai: Noor Wealth, a wealth management proposition by Noor Bank tailored to meet the personal and business financial needs of high-net-worth individuals (HNWIs), is a key pillar of the bank’s new ret…
( read original story …)
Dubai’s HBMSU to host China-UAE conference on Islamic banking in November
This year’s event is being organised under the theme, ‘The potential for participative economy and financial system: growth, development, integration, and cooperation’. The conference is strategically …
( read original story …)
UAE entrepreneurs face ongoing banking challenges, solutions proposed
A study from Dubai Chamber of Commerce and Industry (Dubai Chamber) conducted in coordination with the UAE Ministry of Economy, Council of Small and Medium-Sized Enterprises and global consultancy fir…
( read original story …)
Dubai Islamic Bank partners with Emirates Skywards
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has partnered with Emirates Skywards to launch a co-branded credit card that allows users to earn Skywards Miles and receive other added …
( read original story …)
Dubai eyes stronger business and investment ties with Egypt
Dubai FDI, the investment development agency of Dubai Economy Department (DED), has moved to further strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level E…
( read original story …)
Dubai rises on bank gains; other Gulf markets mixed
RIYADH: The Dubai stock market closed on a positive note on Wednesday helped by solid gains at Emirates NBD after the emirate’s largest bank reported solid quarterly earnings, while other markets were …
( read original story …)
China-UAE Conference on Islamic Banking to launch in November
DUBAI, 21st July, 2018 (WAM) — In line with the nationwide celebrations of ‘UAE-China Week’, Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledg…
( read original story …)
China shows rising interest in Middle East during Xi visit to UAE
RIYADH (Reuters) – China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE that signaled energy-hungry …
( read original story …)