The five-year budget plan for 2017-2021 was prepared for ministries and independent federal entities in line with UAE Vision 2021 and the UAE Cabinet’s resolution No. 7/168 and /6 of 2015. The resolution extended the term of the federal budget from three …
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UAE Central Bank issues capital adequacy regulations in line with Basel III
The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for …
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Fintech Business, Beehive, is the First Peer to Peer Lending Platform to Receive DFSA Regulation
Beehive has become the first peer to peer lending platform to set up offices in the Dubai International Financial Centre (DIFC) and become officially authorised and regulated by the Dubai Financial Services Authority (DFSA). (Photo: http …
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Dubai's DFSA regulates first peer to peer lender
March 5 Dubai-based Beehive said on Sunday it had become the first peer-to-peer lender to become regulated by the Dubai Financial Services Authority (DFSA), the regulator for the Middle East and North Africa’s largest financial centre. After emerging in …
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UAE football needs a level financial playing field
March 1, 2017 Updated: March 1, 2017 07:14 PM December 23, 2016 may yet go down as one of the most important days in modern UAE football history. No league matches took place that day. The UAE national team was not in action. And no major signings were …
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Dubai Islamic Bank honored with record twelve accolades at Islamic Finance News Awards
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received twelve awards at the prestigious Islamic Finance News (IFN) Awards 2016, breaking its record for awards received by IFN in a single event. The Bank was recognized as the “Best …
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UAE Islamic banking assets reach Dh520bn
Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi added that …
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Bank Monaco seal fourth straight Sailing Arabia title
Dubai: EFG Bank Monaco skipper Thierry Douillard led his team to their fourth consecutive EFG Sailing Arabia — The Tour title as the Muscat to Dubai race drew to a close on Wednesday. Douillard’s men sealed their victory in style by winning the final …
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UAE Islamic banking assets reach Dh520b
Abu Dhabi: Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, has said that total Islamic banking assets in the UAE have increased to approximately Dh520 billion in the past few years. Al Shamsi …
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Gulf Craft plans IPO by end of 2017
is looking to float on the Dubai Financial Market before the end of the year. The likelihood of an initial public offering is being evaluated currently, the chief executive Erwin Bamps said at the Dubai Boat Show today. The boat builder’s stable of …
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Hedge funds find plenty of willing sellers in oil: Kemp
Hedge funds and other money managers have purchased a record number … (Editing by David Evans) CID’s Inspector Purvi is holidaying in Dubai, see pics NRI woman trapped men to get money to marry one she loved Zumba: Radhika Pandit reveals the secret …
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Dubai International Financial Centre signs MoU with Gujarat International Finance Tec-City
Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA) region has signed a Memorandum of Understanding with Gujarat International Finance Tec-City (GIFT) in an effort to …
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DIFC, Gujarat International Finance Tec-City sign MoU
In an effort to encourage further cooperation and collaboration between the financial centres, Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Gujarat International Finance Tec-City (GIFT). The MoU calls for …
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India’s Federal Bank plans to open DIFC branch
Dubai: Federal Bank, a private sector commercial bank based in south India is planning to expand its GCC (Gulf Cooperation Council) presence through a branch in the Dubai International Financial Centre (DIFC) and representative offices in Bahrain …
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Evercore plans Dubai office amid Saudi Aramco IPO talks
Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the …
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Numerai Launches Cryptocurrency and New Hedge Fund Built By Data Scientist Network
A hedge fund would prefer permanent information asymmetry where it … As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven etc, where he helped spread the cause for Blockchain …
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How UAE bank workers stay current with trends
The emirates institute for Banking and Financial Studies (EIBFS) continues to play an important role in supporting the placement of UAE nationals in various financial institutions by offering them training and education, said a senior executive.
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