Dubai Police has issued a warning about the dangers of using … “Cyber criminals will use every opportunity to infiltrate networks in order to gather personal and financial details. Quickly they can extract this information.” Cybercriminals use this …
( read original story …)
Saudi and UAE bourses flat, Qatar stocks fall
Stock markets in Saudi Arabia and Dubai were flat on Sunday after a mixed group of Saudi … citing a decrease in residential sales and higher financial charges. Al Andalus Property edged down 0.5 per cent. It reported second-quarter net profit of 27.6 …
( read original story …)
Protests outside UAE Embassy over terror funding allegations
… reported that some Gulf countries were used to receive funds from banks in Pakistan and UAE owned by the UAE royal family to allegedly finance terror strikes in the U.S. in 2001 and Mumbai in 2008. Banks like the Dubai Islamic Bank in UAE, and the …
( read original story …)
Indian man wins dirham 5 million in UAE draw
Dubai, Aug 6 (PTI) An Indian man in the UAE today hit a jackpot … better time for Thokachichu as he had been struggling to pay back his loans and was facing financial hardships. The Indian based in Ras Al Khaimah had been buying tickets for the draw …
( read original story …)
Fire strikes another tower in the Dubai Marina
DUBAI, United Arab Emirates — A fire has struck another high-rise tower in the Dubai Marina, just days after a blaze struck one of the world’s tallest residential towers in the same neighbourhood. Witnesses said firefighters had already begun spraying …
( read original story …)
Now Money: a start-up servicing the financial needs of the UAE’s low-income migrant population
The payment services provider first launched in 2015 and is just about to close its second round of external funding. Ian Dillion says the start-up is focusing on getting the first 4,000 accounts right before getting the numbers up. Antonie Robertson/The …
( read original story …)
UAE- Banks versus e-money issuers: Digitalisation and competition
… Bank (BBVA), Fidor Bank and Imagine Bank (Caixa Bank) are being created with promising expectations. There are also interesting initiatives of multitenant mobile money solutions. Currently in the UAE, the #UAE Banks Federation is developing a …
( read original story …)
Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role
DUBAI (Reuters) – Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it seeks a role in the historic listing of the oil company, sources familiar with the matter told Reuters.
( read original story …)
UAE Press: Keep oceans clean to avoid trouble
ABU DHABI, 5th August, 2017 (WAM) — Humans bank on oceans for very many things, it is impossible to imagine the world without them. The future of the planet’s oceans is, however, challenged by serious threats such as climate change, pollution and …
( read original story …)
ED raids Gujarat firm that defaulted on UPA-era bank loans, Rajya Sabha election funding in focus
“Sandesara group siphoned off substantial amount of bank money through bogus exports and parked in offshore companies in Nigeria, US and Dubai. This is part of government’s crack down on wilful defaulter,” a source in the ED’s Gujarat unit told HT …
( read original story …)
How Dubai can establish sustainable tourism practices
Keeping this in mind, Dubai is moving to tackle the issue of food waste with the launch of the UAE Food Bank. The initiative, spearheaded by HH Sheikh Mohammed, was announced in January and aims to combat the Dhs3.5bn ($952.8m) worth of food discarded in …
( read original story …)
Adnoc mulls $5bn bank loan for smart growth
The Abu Dhabi National Oil Company (Adnoc) is currently considering a range of financing options, including a$5 billion bank loan, to promote prospects … Such IPOs would support the growth and expansion of the UAE’s private sector and equity capital …
( read original story …)
Director, Structuring
Standard Chartered Bank – Dubai – Enhanced Structuring coverage of West Africa and francophone countries in AME FM Structuring AME provides coverage of full spectrum of derivative products (from vanilla to exotic), through our product specialists located …
( read original story …)
Five Chinese firms to invest $300m in Abu Dhabi’s Kizad
RELATED ARTICLES: Kizad expands to become largest UAE freezone | KIZAD hosts UAE’s first banknote … are involved in sectors ranging from power and metals to natural resources and banking, Abu Dhabi officials said. Mohamed Juma Al Shamisi, chief …
( read original story …)
AVP – Operations & IT – Huxley Banking & Financial Services – Dubai Jobs
To set the vision and direct the successful implementation of the IT Strategy for leading, directing and managing the IT Department. Oversee allocation/ distribution of IT resources for adequate provisioning of IT support services. Optimize the IT …
( read original story …)
Top stories from Britain and around the world – NHS cyber attack hero due in US court over software to harvest bank details
The British computer expert who helped shut down a world-wide cyber attack that crippled the NHS was due to appear in a US court charged with creating software that harvested banking details … terms of reference in July. DUBAI’S 86-STOREY TORCH TOWER …
( read original story …)
Gulf banks are said to be refusing to extend Qatar deposits
London/Dubai: Foreign deposits at Qatar’s banks may fall further … from a month earlier, according to central bank data. The slide in non-resident holdings, which account for 22 per cent of overall deposits, comes even after local lenders raised …
( read original story …)