UAETF offers single security like exposure to one of the world’s premier financial and commercial hubs by investing in three UAE markets: the Dubai Financial Market, the Abu Dhabi Exchange and NASDAQ Dubai. The addition of a new authorised participant …
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Big boost to SMEs
The regulatory framework meant to help SMEs gain easy access to financing by creating an innovation-friendly ecosystem was launched by the Dubai Financial services Authority (DFSA) in line with the United Arab Emirates Government’s National Innovation …
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Political risk and technology are front of mind for global business executives: A.T. Kearney 2017 Views from the C-Suite
UAE. Global executives expect economic and financial volatility to be higher over the next 12 months than it was in the past year, according to the 2017 report “Views from the C-Suite” published by A.T. Kearney’s Global Business Policy Council.
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UAE customers prefer digital-first approach to banking services
Dubai: Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya, a global communications company. The findings reveal that customers …
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UAE Customers Prefer Digital-First Approach to Banking Services, Reveals Avaya Survey
Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya. The findings reveal that customers’ most preferred channel for accessing …
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Avaya: UAE customers opt for digital approach to banking
A recently released study produced by Avaya and YouGov found that the bulk of UAE customers preferred to utilise digital self-service channels to access banking services, particularly through the use of a mobile app. The Customer Experience in Banking …
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Fitch: Improving liquidity in UAE banking sector should benefit profitability metrics
Liquidity and funding pressures eased in the banking sector in 1H17 due to lower lending growth and increased government deposits in the banking system. Improved liquidity is helping to ease bank margins. Asset-quality metrics remain under pressure …
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Dubai launches regulatory framework for crowdfunding platforms
Data provided by the Khalifa Fund shows that approximately 50-70 per cent of SMEs have had their applications for funding from conventional banks rejected and loans to SMEs account for just 4 per cent of outstanding bank credit in the UAE, significantly …
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Dubai Q2 earnings estimates
COMMERCIAL BANK OF DUBAI – Following are second-quarter net profit estimates for Commerical Bank of Dubai in millions of dirhams. Q2 2017 %change EFG Hermes 255.00 4.07% ARQAAM Capital 222.00 -9.39% Commerical Bank of Dubai reported a net profit of 245.02 …
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Emaar’s Dubai Mall voted best mall brand in UAE, new ranking reveals
Meanwhile Emirates NBD, Dubai’s biggest bank by assets, came out as the leading retail bank while Jumeirah Hotels and Resorts was the leading hospitality brand. Last week Emirates was name the healthiest brand in the UAE overall, followed by WhatsApp in …
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Dubai eyes medical tourists
Dubai Health Authority signed a Memorandum of Understanding (MoU) with the unique AccorHotel property, owned by R Holding, during Arabian Travel Market earlier this year. “We have also partnered with The Health Bank in a strategic initiative to enhancing …
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UAE investors caught up in Bitcoin and Bar Works financial scams
UAE residents have described losing their life savings after being caught up in a financial scam that sold bogus workspace developments across the globe. The collapse of Bar Works and the high-profile arrest of New York-based British businessman Renwick …
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Khalid Ali Al Bustani named FTA director general
The UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued a federal decree appointing Khalid Ali Al Bustani, Assistant Undersecretary for International Financial Relations, as Director General of the Federal Tax Authority (FTA).
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Gulf Petrochem Group Closes US$150m Financing Deal
Mr. Salah Mohammed Amin, Executive Vice President, Corporate Banking, Emirates NBD also added, “The positive response for this facility confirms the interest in key sectors in the UAE and the trust endorsed to Gulf Petrochem Group’s strong financial …
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The Qatar Crisis
These two countries have become the primary sites of capital accumulation, and firms from Saudi Arabia and the UAE dominate the GCC economy in the real estate, finance, trade, logistics, telecommunications, petrochemicals, and manufacturing sectors.
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Some Global Banks To Shift Qatar Business From Dubai Hub
Some international banks are serving Qatar from London and New York instead of Dubai’s financial center as a regional dispute makes it harder to do business with clients in the gas-rich Gulf state, according to people familiar with the matter.
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DIB Pakistan issues Rs 4b tier-II Sukuk
… a formidable force in Islamic Finance and one of the most progressive Islamic Finance institutions in the world. Currently, DIB has presence across all Emirates in the UAE with growing international operations in South Asia, Far East, Middle East …
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