Vice President of the UAE and Ruler of Dubai. Recently it was reported that more than 900 Emirati men and women were employed by banking and financial institutions in just 75 days through government accelerators. This is an incredible achievement and sets …
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Spot interviews for bank jobs
Dubai: Noor Bank is participating at the annual Careers UAE as part of its strategic objective to bring on board talented Emiratis for key positions. The bank personnel are on hand at the bank’s stand — 7A-5, to conduct on-the-spot interviews and …
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UAE banks’ first quarter profit and asset growth likely to remain soft
Dubai: Expectations on UAE banks are modest as they start declaring first quarter results from this week. However, banking analysts expect to see signs of improvement in asset quality and profitability starting this quarter. With most banks continuing …
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UAE Ministry of Finance signs MoU with Sabah Al-Ahmad Center for Giftedness and Creativity
As part of its commitment to strengthen joint cooperation and exchange expertise on innovation, the UAE Ministry of Finance (MoF) signed a Memorandum of Understanding (MoU) with Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC). The signing took …
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Dubai Financial Market : UAE stocks may see buying from foreigners, institutions
Dubai – Mubasher:UAE stocks are likely to see further selective buying by foreign and institutional investors on Tuesday ahead of first quarter disclosures and despite the decline in oil prices, GCC market analyst Mohamed Al Ahbaby told Mubasher.
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Dubai Police foil Sharjah bank robbery, arrest three
Dubai: Dubai Police foiled a bank robbery by arresting three men just hours before they were to attempt the heist, police said on Thursday. Major-General Khalil Ebrahim Al Mansouri, Assistant to the Dubai Police Chief for Criminal Investigation Affairs …
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Dubai’s Noor Bank to get new CEO – sources
The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets, said John Iossifidis was leaving …
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Traded volume peaks in First Abu Dhabi Bank as rally continues
Dubai: More traders participated in the newly formed First Abu Dhabi Bank boosting liquidity in the once illiquid stock on inclusion in the FTSE emerging market index, causing a surge in the Abu Dhabi index on Wednesday, and making it a regional leader.
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Emirates NBD Capital Completes UAE's First IPO in 2017
The IPO was Dubai’s first since Dubai Parks & Resorts floated in December 2014, a transaction on which EMCAP was also Joint Global Coordinator and Joint Bookrunner. ENBD REIT’s offer was well over-subscribed with commitments from a mix of investors …
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One Financial Markets Celebrates 10 Years with New Office and Regulatory Status in Dubai
London based broker One Financial Markets has further cemented its presence in the Middle East with new regulatory approval from The Dubai Financial Services Authority (DFSA), the regulatory authority for the Dubai International Finance Centre (DIFC).
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First Abu Dhabi Bank is UAE’s largest lender
The largest bank in the UAE was born on April 1 as Abu Dhabi-based National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) completed their widely discussed merger. The new combined bank has been named First Abu Dhabi Bank and it will have assets in …
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UAE ministry to use e-Dirham for payments to DHA
UAE’s Ministry of Finance (MoF) signed an agreement with Dubai Health Authority (DHA) to adopt the e-Dirham system and e-Dirham cards as a means of paying for government services provided by DHA. The Memorandum of Understanding (MoU) was signed by Saeed …
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MOVES-Mashreq's Iossifidis to become CEO of Noor Bank – sources
DUBAI, April 3 (Reuters) – The head of corporate and investment banking at Dubai’s Mashreq is leaving to become chief executive of Noor Bank, sources familiar with the matter told Reuters on Monday. Mashreq, Dubai’s third-biggest bank by assets …
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NBAD, FGB merge, now 'First Abu Dhabi Bank'
Dubai: The National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) announced on Sunday they have merged to become First Abu Dhabi Bank. In a joint statement, the banks said their merger was legally completed on April 1, and the merged bank began …
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Will UAE apply VAT on expat remittances too?
“I am not aware of any UAE official information on VAT in relation to the remittance service. However, if the new VAT laws follow the similar practice in the EU countries, these transactions [fees charged by financial services for the remittance services …
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First Abu Dhabi Bank to attract more investors to bourse
Dubai: The start of share trading on First Abu Dhabi Bank is expected to attract more investors to the Abu Dhabi bourse and reflect positively on overall trading, according to the bourse’s chief executive. In a statement on Sunday, Rashed Al Balooshi …
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FGB, NBAD merger creates UAE's largest bank
Following the legal completion of the merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) on April 1, 2017, the combined bank began trading on the Abu Dhabi Securities Exchange (ADX) today under ticker symbol ‘NBAD’. Reflecting the …
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