ABU DHABI (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, underscoring energy-hung…
( read original story …)
Financial cooperation between UAE, China could create possibilities for Gulf region
As the first Gulf country to forge a strategic partnership with China, the UAE has enjoyed a prosperous financial cooperation with China over many years. The bilateral economic and financial relations …
( read original story …)
Emirates Islamic Bank : reports 25% profit hike in 6M
Dubai – Mubasher: Emirates Islamic Bank has recorded a 25% year-on-year increase in net profit during the first six months of 2018, recording AED 485 million. Meanwhile, the bank’s total income grew 3 …
( read original story …)
UAE rolls out the economic red carpet for China
As part of joint efforts to foster a closer trading relationship and develop increased investment opportunities, the Central Bank of the UAE and the People’s Bank of China signed a bilateral currency …
( read original story …)
Emirates NBD Bank : , Emaar Properties support DFM in week
Dubai – Mubasher:The Dubai Financial Market (DFM) concluded the week ended 19 July on a positive note backed by banking and real estate stocks. The DFMGI gained 1.45% or 42 points to close the week at …
( read original story …)
Tint World® Enters UAE Market With New Location in Dubai
“Khalil’s background as an entrepreneur and Dubai’s passion for cars make this a perfect fit for the Tint World® family,” Bonfiglio said. “He and his family have a lot of business experience in the re…
( read original story …)
South Sudan abandons Kenya as a prime banking destination
South Sudan has abandoned Kenya as one of its key banking destinations following a complex court battle with a Khartoum-based contractor, Dubai Bank founder Hassan Zubeidi and the Kenya Deposit Insura…
( read original story …)
Fruitful China-UAE financial cooperation opens up possibilities for Gulf region
As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past years. Bilateral cooperation i…
( read original story …)
Industry stalwarts to attend financial restructuring summit
Over 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September. Middle East Global Advisors, a leading financial intellige…
( read original story …)
Spotlight: Fruitful China-UAE financial cooperation opens up possibilities for Gulf region
ABU DHABI, July 19 (Xinhua) — As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past …
( read original story …)
Dubai Financial Market : Bahrain’s GFH denies exposure to Abraaj
Dubai – Mubasher: Bahrain-based GFH Financial Group has affirmed no exposure to the ailing private equity firm Abraaj Group. The group indicated it has signed an agreement to acquire Abraaj’s stake in …
( read original story …)
Saudi Aramco in talks to buy stake in world’s no. 4 chemical firm
DUBAI (Reuters) – Saudi Aramco IPO-ARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010.SE, a move that could boost the state oil giant’s market valu…
( read original story …)
Dubai’s Mashreq posts 5.2% rise in H1 net profit
Dubai-based Mashreq Bank on Wednesday posted a 5.2 percent increase in net profit to AED1.2 billion for the first half of 2018 compared to the year-earlier period. Operating ncome was up by 3.7 percen…
( read original story …)
UAE Tops List of 84 Most Complex Countries for Compliance; Ireland Is Simplest
Besides the UAE, Qatar, China, Argentina and Malaysia were ranked in … Brazil and Uruguay. “As the global push for financial transparency continues, international firms face an increasingly complex …
( read original story …)
Hedge Fund York Capital Joins Race for Abraaj Assets
York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to …
( read original story …)
Dubai Islamic Bank Group 1st Half 2018 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first half results for the period ending June 30, 2018. …
( read original story …)
Report: UAE banks continue to register higher profitability
on Sunday said in its latest UAE Banking Pulse for Q1 2018 report. Comparing the data of the 10 largest listed banks in the UAE, this UAE Banking Pulse report looks at the first quarter of 2018 (Q1 20…
( read original story …)