This will contribute to establishing a sound economic environment that gains the trust of investors and financial institutions, and leads the UAE to become the preferred place to do business,” said Al Khoori. In 1980, the Organisation for Economic …
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Commercial Bank of Dubai appoints Emirati as a head of sales and distribution
Commercial Bank of Dubai, one of the leading financial institutions in UAE, announced the appointment of Khaled Rasheed Al Hammadi as its new Head of Sales and Distribution. The appointment is in line with the Bank’s Emiratization strategy. Al Hamadi …
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New exec hired to control spending at Dubai’s Careem
Dubai-based ride-hailing app Careem on Monday announced the appointment of a new senior executive to oversee the company’s long-term strategic and financial planning. Ashish Jain has been hired as VP of Strategic Finance and will bring significant …
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United Arab Emirates shares mixed at close of trade; DFM General down 0.44%
Investing.com – United Arab Emirates equities were mixed at the close on Tuesday, as gains in the Insurance, Real Estate & Construction and Services sectors propelled shares higher while losses in the Finance & Investment, Banking and Telecoms sectors …
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Dubai Financial Market : DFM signs MoU with Dubai Economy to boost service excellence
Dubai: Dubai Financial Market (DFM) said on Tuesday it has signed a Memorandum of Understanding (MoU) with Dubai Economy to launch a first-of-its-kind Brokers Excellence Rating initiative as part of its constant efforts to promote service excellence.
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Rogue financial adviser convicted by Dubai court in landmark case
A personal finance consultant has been convicted of running his business without a licence, amid claims that he invested his clients’ money in high-risk start up companies without their knowledge. Neil Grant was convicted by Dubai Criminal Court of …
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New laws will crack down on fraudulent financial advisers
The conviction of personal finance consultant Neil Grant yesterday in Dubai showed how easy it is to fall prey to unscrupulous investment advisers. Grant was convicted of running an unlicensed business, amid claims he funnelled his clients’ money into …
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Data protection more important than ever before, UAE finance ministry says
Dubai: To mark Data Privacy Day, the Ministry of Finance (MoF) has emphasised the importance of protecting personal data for financial transactions, in light of the digital revolution and the increasing global trends to protect individuals from the misuse …
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Dubai-based Bitcoin exchange to accept new verifications as Ripple is added
Dubai-based cryptocurrency exchange BitOasis is accepting new … Any new users wishing to purchase Bitcoin and Ethereum from the site must enter bank details, ID and proof of address before transactions more than that amount are enabled, a process that …
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UAE’s largest bank reports fall in profit after merger costs
First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, on Monday reported a 3.5 percent profit fall in 2017, citing costs linked to its recent merger. FAB, the combination of National Bank of Abu Dhabi and First Gulf Bank, said its full …
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Dubai’s Emirates NBD in talks to buy stake in Turkish lender
Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas’ Eygptian banking …
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Dubai’s Emirates NBD in talks to buy Turkey’s Denizbank
Emirates NBD, Dubai’s largest bank, said on Tuesday it had started initial strategic discussions with Russia’s Sberbank about a possible purchase of Sberbank’s stake in Turkey’s Denizbank. Emirates NBD has previously acquired BNP Paribas …
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First Abu Dhabi Bank profits dip 3.5% in ‘soft market’
First Abu Dhabi Bank (FAB), the UAE’s largest bank, on Monday announced that net profit for 2017 dropped 3.5 per cent to Dh10.92 billion as compared to Dh11.52 billion in the previous year. The group’s revenue also declined four per cent year on year to …
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Dubai Islamic Bank : plans to raise Dh1.64b via rights issue
Dubai: Dubai Islamic Bank (DIB) has said it is seeking shareholder approval for a plan to raise Dh1.647 billion on the Dubai Finacial Market by issuing additional shares. Shareholders will have a right to buy one share for every three shares held and will …
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Iranians’ banking problem in China settled
He went on to say that Central Bank of Iran is finding a market instead of United Arab Emirates (UAE) for banking and monetary exchanges in the Persian Gulf region. Reopening Iranian accounts in China is the result of intensive and tough negotiations made …
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Dubai Financial Market : welcomes the listing of Bahrain’s Ithmaar Holding
Dubai Financial Market (DFM) announced on Monday the listing of Bahrain’s Ithmaar Holding B.S.C. (Ithmaar), one of the leading investment institutions in the Kingdom of Bahrain, as trading commenced on the bank’s shares under the trading symbol (ITHMR …
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Reda Bedjaoui Discloses Optimized Alternative Investments within Alcoholic Beverage Market
DUBAI, UAE / ACCESSWIRE / January 22, 2018 / Globally, many high and ultra-high net worth individuals have earmarked between four and six percent of their overall asset allocation into alternative investments like private equity, hedge funds, managed …
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