Lt. Gen. Sheikh Saif bin Zayed Al Nahyan, the UAE’s deputy prime minister and minister of interior, was awarded the first prize, while male representatives of the Ministry of Finance, the Federal Comp…
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UAE cabinet to allow trading companies to issue IPOs
The UAE Cabinet on Sunday adopted an amendment … Investors said the amendment would help lift local markets. “The move to [Initial Public Offering] will create more investment opportunities …
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Why Dubai-based banks made billions of dirhams in net profits in 2018
Emirates NBD Head Office at Baniyas street in Dubai. The largest Dubai-based bank reported a net profit of Dh10 billion for 2018, up 20 per cent on the year. Image Credit: Ahmed Ramzan/ Gulf News …
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Improving asset quality, loan yields boost Dubai banks
Emirates NBD Head Office at Baniyas street in Dubai. The largest Dubai-based bank reported a net profit of Dh10 billion for 2018, up 20 per cent on the year. Image Credit: Ahmed Ramzan/ Gulf News …
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UAE bourse suspends share trading in major local bank
The Abu Dhabi Securities Exchange has suspended trading in Bank of Sharjah for not submitting its financial results for the 2018 financial year. “As Bank of Sharjah didn’t submit their Financial State…
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Michael Owen inspires deVere Acuma runners to smash Dubai Marathon
On a mission inspired by sporting superstar Michael Owen, the CEO of one of the world’s largest independent financial advisory organisations – and 19 of his team – conquered the Dubai Marathon on Frid…
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UAE Managed Security Services Market 2018-2024: Market Forecast by Services Types, Sectors, Regions, and Competitive Landscape
UAE managed security services market is projected … the demand for SAMM service would increase in the coming years. The banking, financial services & insurance application market accounted …
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Mashreq leads the UAE’s digital charge
One organisation that has led the way in the UAE’s financial revolution is Mashreq Bank. It has undertaken a wide range of activities to help the government reach its goals, one of which is to …
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Dubai Investments Park plans investor talks ahead of sukuk
Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank and HSBC. DIP said in a statement that the meetings will take place in Singapore, Hong Kong, Abu Dhabi, Dubai and London, commencing on F…
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UAE Central Bank announces M1 increases by 1.3%
The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 1.3 per cent, from Dh479.5 billion at the end of November 2018 to Dh485.6 billion at the end of December 2018. The Mo…
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UAE stem cell bank offers 5-year free storage
The stem cells will be stored at Cryo Save Arabia free of cost for five years and can be used to treat disorders such as leukaemia and sickle cell anaemia. Families may be eligible if a family member …
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Mashreq Bank continues to take the digital lead in the Gulf
Mashreq Bank remains ahead of the curve when it comes to digital banking innovation in the region Headquartered in Dubai, Mashreq Bank is able to combine its long-established strength as a traditional …
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$750m DIB sukuk listed on Nasdaq Dubai
Nasdaq Dubai welcomed the listing today of a $750 million sukuk by Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE. It is Nasdaq Dubai’s first sukuk listing of 2019 and DIB’s seventh alt…
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Dubai Islamic Bank lists $750 million sukuk on Nasdaq
Dubai: Nasdaq Dubai welcomed on Tuesday the listing of a S$750 million sukuk by Dubai Islamic Bank, (DIB). It is Nasdaq Dubai’s first sukuk listing of 2019 and DIB’s seventh altogether on the …
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Three from UAE among world’s most valuable brands
Three brands from the UAE – Etisalat, Adnoc and Emirates airline – figure among the world’s 500 most valuable brands, according to the latest Brand Finance Global 500 report. Growing on average 13 per …
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Dubai Financial Market : DFM says allocation account service gaining traction
Dubai: The Dubai Financial Market (DFM) said on Tuesday that its allocation account service is gaining traction, with Arqaam Securities actively utilising it to conduct trade for its client base of in…
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Saudi retail giant said to restart plan for IPO for malls
The conglomerate has been planning the IPO since 2014 when it hoped to raise $2 billion … newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to …
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