Emirates NBD PJSC is buying the lender from Russia’s Sberbank at a time when the country is struggling with a plunging currency, a wave of debt restructurings, looming elections and political meddling in the finance industry. The purchase is both Turkey …
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Winning the digital banking battle
McKinsey’s latest research reveals that at least 80 per cent of urban consumers in the UAE now prefer to do a portion of their banking through digital channels. The new digital banking experience is about agility, mobility, connectivity, efficiency and …
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Personal finance in the UAE: Residents track finances better but struggle with saving and debt
While UAE residents are keeping better tabs on their finances with fewer living beyond their means, saving and staying on top of debts is now a struggle, a new personal finance index from Abu Dhabi Islamic Bank has revealed. According to the bank’s …
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UAE’s credit profile reflects support from hydrocarbon reserves
The UAE’s very high fiscal strength reflects the country’s record of large fiscal surpluses and build-up of very large financial assets in Abu Dhabi’s sovereign wealth fund (ADIA). Although the general government fiscal position deteriorated significantly …
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UAE banks can withstand ‘severe yet plausible deterioration’
Dubai: The UAE’s banking system has “sufficient capacity to withstand a severe yet plausible deterioration in macroeconomic and financial market conditions,” according to the country’s central bank. The assessment comes after banks in the UAE …
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UAE banks get go-ahead to share Winsome information with India
CBI stepped up its investigations after huge unauthorised lending by PNB to jewellers Nirav Modi and Mehul Choksi (uncle and nephew) rattled the banking industry. MUMBAI: In a rare move, the United Arab Emirates (UAE) has given its banks go-ahead to share …
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Which UAE bank was most recommended by satisfied customers?
Souqalmal.com has also released its annual rankings of the UAE’s ‘Most Popular Banking Products’ to supplement the findings from the survey. The rankings cover four of the most visited product categories – personal finance, credit cards …
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Strong Programme Raises Profile of the Maritime Standard Ship Finance and Trade Conference
This will include case studies from the UAE commodity markets, maritime law issues, environmentally inspired investments and the development of new trade-supporting financial products. Trevor Pereira, managing director of The Maritime Standard, says …
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‘Potential irregularities’ found in Dubai-based Abraaj’s funds – report
Read: Founder of Dubai’s Abraaj faces investor revolt Bloomberg cited sources as confirming an audit commissioned by the Bill and Melinda Gates Foundation, the World Bank Group’s International Finance Corp and other investors suggested money from the …
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Only 32% of UAE residents would recommend their bank, survey shows
Only a third of UAE residents would actively recommend their bank to friends and family, according to a new survey from personal finance comparison website Souqalmal.com. In the 2018 edition of its bank satisfaction survey – which queried more than 7,000 …
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Dubai Financial Market : The tide may be turning for UAE markets
The Dubai Financial Market General Index (DFMGI) ended in positive territory last week, up 49.79 or 1.73 per cent to close at 2,931.59. This was only the first time in five weeks that the index ended higher and the third time in thirteen weeks. However, it …
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Insurers and financial advisers at war over who to blame for poor advice in the UAE
Discussions around poor financial advice in the UAE have ramped up in recent weeks as insurers and advisers battle it out over who is to blame. Friends Provident International, one of the biggest providers of expensive fixed-term investment plans, has …
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Dubai’s fintech accelerator opens applications for 2018
FinTech Hive at DIFC, a start-up accelerator in Dubai’s financial free zone the Dubai International Financial Centre, has invited applications for its 2018 programme starting May 20, it said on Saturday. The programme was launched last year in …
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UAE digital bank plans to expand in other regional markets.
Summary: Liv., the lifestyle digital bank by Emirates NBD for millennials has completed its first successful year of operations. The post UAE digital bank plans to expand in other regional markets appeared first on Tahawul Tech. Liv., the lifestyle digital …
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Dubai, Sub-Saharan Africa trade growing
It takes time but once it happens it give rapid pace to the growth,” he said. The bank has an office at the Dubai International Finance Centre, offering trade finance for companies engaged in trade between the Middle East, Africa and Asia. Simmonds said …
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Kuwait’s Noor Financial to divest stake in Pakistan’s largest Islamic bank
Noor Financial Investment Company will divest a portion of its … 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 expands experimental licence scheme for fintechs
Dubai Financial Services Authority (DFSA) has announced the expansion of its innovation licence programme for financial technology (fintech) firms. The programme, announced last May, allows qualifying companies to test new concepts within Dubai …
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