The UAE has expanded its role as one of the leading hubs for Islamic finance, an alternative way of banking and insurance based on Islamic law, or Shariah, which prohibits interest payments and pure monetary speculation. “Customers’ trust in Islamic …
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UAE- Islamic finance gets IMF backing
(MENAFN – Khaleej Times) The Islamic banking industry is set to flourish further even in non-conventional markets as the International Monetary Fund (IMF) approved a plan to incorporate Islamic finance into its financial sector assessments of select …
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UAE projects pick up momentum on higher government spending
The UAE witnessed solid increase in project awards in the first quarter of 2018 denoting improving investment momentum driven by higher public spending. According to data from Meed Projects and Abu Dhabi Commercial Bank (ADCB) on project award in the GCC …
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UAE Banks Operate 5,274 ATMs
according to UAE Central Bank statistics. On a different note, Central Bank statistics released recently on the latest financial developments in the country by the end of March indicated that the number of national banks stood at 22, with their branches …
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UAE strives to become financial innovation center, taking advantage of China’s B&R Initiative
The United Arab Emirates (UAE) has stepped up its efforts to position itself as a center of banking and financial technology innovation to take advantage of the China-proposed Belt and Road (B&R) Initiative. The efforts are led by the Abu Dhabi Global …
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Saudi Aramco IPO ‘most likely’ to happen in 2019
The Aramco IPO would be a once-in-a-generation event for financial markets … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Dubai Bank raids Kenyan rivals for top management
Giant Gulf lender Dubai Islamic Bank’s local subsidiary, DIB Bank Kenya, has hired top executives from leading local rivals, taking its total staff count to 112 as it seeks to gain a toe-hold in the Kenyan market 13 months after its launch. The Dubai …
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Pakistan hires UAE banks to raise $200m loan
The government of Pakistan is raising a $200 million syndicated loan with three UAE banks, banking sources familiar with the matter said, as Islamabad clings to external funding to stave off the pressure of balance payments. The loan, with a one-year …
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UAE Central Bank gold reserves jump 6.6% in value
The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.72 billion during the first quarter of 2018, a growth of 6.6 per cent from Dh1.099b during the corresponding period 2017. Statistics issued by the bank showed that its reserves …
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Central Bank of UAE Publishes 2017 Financial Stability Report
The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy …
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UAE Signs Agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion With Saudi Arabia
The UAE, represented by the Ministry of Finance (MoF), signed an agreement for the Avoidance of Double Taxation and Prevention of Tax Evasion with respect to taxes on income and capital, with Saudi Arabia yesterday. The signing took place at the …
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UAE and Saudi avoid tax evasion under new agreement
The signing took place at the headquarters of the Saudi Ministry of Finance in Jeddah. The agreement reflects the UAE’s keenness to strengthen cooperation in tax-related matters and enhance economic relations with its neighbour. HE Obaid Humaid Al Tayer …
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Put your savings to work with offshore banking
With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE. Here are our …
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UAE Central Bank publishes 2017 financial stability report
The report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy measures introduced by the Central Bank. The report also includes assessment of key macro- financial and banking sector developments.
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Kushner startup said to seek Saudi, UAE-backed Softbank funds
The United Arab Emirates has put at least $15 billion into the Vision … But he hasn’t divested his Cadre stake, valued at $5 million to $25 million on his most recent financial disclosure form. People close to Cadre – whose founders include Jared …
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UAE- Sheikh Mohammed receives leaders of media
Deputy Ruler of Dubai and UAE Minister of Finance, Sheikh Mansour bin Mohammed bin Rashid Al Maktoum and Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and National Media Council Chairman. Sheikh Mohammed discussed with the media personalities …
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Matthias Knab
Mr. Knab has frequently served as chairman of hedge fund conferences in New York, Greenwich, Tokyo, Shanghai, Hong Kong, Miami, Bahamas, Stockholm, Dubai etc. In addition, he has presented or moderated at hedge fund events in London, Geneva, Zurich …
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