Emirates NBD, a leading bank in the region, announced today that it will soon launch customised banking services via WhatsApp in the UAE. The bank, a front-runner in digital banking innovation, is the …
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Emirates NBD lifts Dubai, rest of Gulf modestly firmer
Sept 27 (Reuters) – A leap by Dubai’s biggest bank boosted the stock market index sharply on Thursday while most Gulf bourses registered only marginal gains. The Dubai index closed up 1.8 percent, its …
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Dubai index outperforms emerging markets amid Fed hike
Most of the strength to the Dubai index came about due to buying in Emirates NBD, Dubai Islamic Bank (DIB) and Emaar Properties. “The Fed rate decision is broadly positive for all banks …
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The How-To: Financial Literacy Education For Employees
The employee perspective According to Willis Towers Watson’s 2017 Global Benefits Attitudes Survey on Financial Wellbeing in the United Arab Emirates (UAE), overall employee financial wellbeing has fa…
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Big majority of finance firms ‘plan fintech tie-ups’
Eighty-two per cent of financial services companies plan to increase fintech partnerships in the coming three to five years, with an expectation of 20 per cent ROI on their innovation projects, said t…
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This Investor Was the Star of Dubai. Now It Can’t Make Rent
Dubai International Financial Centre told Abraaj to vacate its main office in the financial freezone by the end of the month, the people said, asking not to be identified as the information is private …
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UAE forges ahead with integrated blockchain payment platform
The Dubai Department of Finance controls the transactions on DubaiPay and is looking to enhance efficiency by transferring all transactions onto the blockchain. Rahman added that “There is no real …
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Dubai Finance Dept. Upgrades Payment System With Blockchain
The Dubai Department of Finance or DoF joined with the Smart Dubai Office or SDO for a Blockchain-powered upgrade to its financial system. The new platform, called “Payment Reconciliation and Settleme…
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UAE may see 100% growth in sukuk
Mohamed Damak, senior director and global head of Islamic finance, financial institutions ratings, S&P Global, said the number of UAE sukuk issuances had reached $6.4 billion so far this year as compa…
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DIFC Courts reinforce multibillion-dirham UAE-India bilateral trade
Dubai International Financial Centre (DIFC) Courts has brought additional certainty to UAE-India commerce with the signing a Guidance Note with Nishith Desai Associates, covering enforcement of civil …
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Abraaj is said to close Dubai Financial HQ after missing rent
Abraaj, once one of the most influential emerging-market investors, plans to vacate its headquarters in Dubai’s business hub after the embattled buyout firm failed to pay rent, people with the knowled…
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Banking on the future
Is this the end of branch banking as we know it? There are few better places in Dubai to contemplate such questions than Abdul Aziz Al Ghurair’s inconspicuous teak-panelled 6th floor office at …
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UAE banks group considers asking for ease in mortgage rules
DUBAI/ABU DHABI, Sept 24 (Reuters) – The United Arab Emirates’ banking group is considering whether to ask the central bank to relax mortgage lending rules to stimulate a fragile real estate market, s…
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New to the UAE guide part 2: banking, saving, investing and sound financial advice
Choosing which financial institution to bank with is one of the first decisions people make when moving to a new country. Next comes how to handle your finances through borrowing, saving and investing …
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Mirwais Azizi says Dubai developer considering an IPO
RELATED ARTICLES: Dubai to get 2,270 new Azizi homes in Q4 2018 | $93m Fawad Azizi homes launched in Dubai Healthcare City | Azizi Riviera reaches construction milestone Mirwais Azizi said Azizi Devel…
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UAE’s Emirates Global Aluminium cites ‘unfavourable’ conditions for IPO delay
“It remains our intention to launch an IPO of Emirates Global Aluminium … fund Mubadala and the Investment Corporation of Dubai, is the world’s third-largest producer of primary aluminum …
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Emirates Global Aluminium delays IPO due to market conditions
Emirates Global Aluminium, the UAE’s biggest industrial company outside the oil and gas sector, has delayed its initial public offering that was slated for 2018 due to unfavourable market conditions. …
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