Expansion of the United Arab Emirates’ non-oil private sector slowed to a five-month low in August as total employment shrank for the first time on record, a survey of companies showed on Tuesday.
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Dubai’s Fintech Hive accelerator begins second edition
Dubai International Financial Centre (DIFC) and Accenture’s Fintech Hive accelerator programme has begun the 2018 edition of its 12-week programme. A total of 22 finalists were selected from 300 …
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Banks’ merger news boosts UAE equities
The UAE equity markets jumped on Tuesday on the back of huge gains made by Abu Dhabi banks following confirmation of merger talks of three lenders. Abu Dhabi Commercial Bank (ADCB) and Union National …
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ADCB confirms merger talks with UNB, Al Hilal Bank
Dubai: Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) both confirmed on Tuesday that they are in early talks about a potential merger. In separate statements, ADCB and UNB said …
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Which banks seek to survive the competitive UAE market?
With the UAE’s population of 9 million served by about 50 banks, and amidst a weakened economy, three banks have decided to join forces. As the popular saying goes: if you can’t beat them, join them. …
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ALN to host 5th Africa Investment Conference in Dubai
Speakers include, Mohamed Rali Badissy, Senior Attorney for Energy and Finance, US Department of Commerce … opportunities on the continent are truly limitless,” he added. The UAE was the second top …
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Nasdaq Dubai and BHS Launch Equities Futures Educational Campaign
Nasdaq Dubai, a stock exchange operator in the United Arab Emirates (UAE), announced this Monday that it is launching a campaign to promote trading in equities futures. The campaign is being launched …
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UAE banks hired 760 employees so far in 2018
UAE banks added 760 employees in the first seven months of this year despite decrease in the number of branches, official figures showed. According to the Central Bank data, local banks increased hiri…
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HSBC aims to open more digital branches in UAE
HSBC’s UAE head of Retail Banking and Wealth Management. The bank on Monday opened its digitally-driven Customer Service Unit (CSU) at Mirdiff City Centre, which features a digital interaction r …
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Higher yield on credit drives profitability of leading UAE banks
Dubai: Improved yield on credit saw a significant rise in profitability for the top 10 UAE banks in the second quarter of 2018, according to an analysis of data by global professional services …
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Abu Dhabi said to mull merger to create banking giant
The UAE is home to more than 9 million people and has almost 50 … The Abu Dhabi Securities Market Banks Index, which tracks 13 banking and financial services companies, has risen 26 percent this yea…
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Al Hilal Bank Promotes Excellence in Customer and Employee Satisfaction
the Bank has initiated an important internal campaign, “It Comes from Within”, in line with the UAE leadership’s key and clear vision in achieving both employee and customer satisfaction. Customer car…
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VIDEO: Reckless Dubai motorist drives car into bank
Over the weekend, a Dubai-based motorist lost control of his vehicle and crashed it into a local bank at Burjuman shopping mall, causing moderate injuries to an Asian man, police said on Saturday. The …
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5 UAE credit card fees you probably didn’t know about
across most banks in the UAE varies from 0.5 percent to 0.99 percent of the outstanding balance. Cash advance is technically a cash withdrawal at an ATM using your credit card. However, unlike withdra…
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Abu Dhabi’s Merger Drive May Create Another Mega Bank: Timeline
Following are the key mergers recently undertaken in the largest sheikhdom in the United Arab Emirates. June 2013 … Operating Co. operate more than 165 vessels June 2016: First Gulf Bank and Nationa…
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Dubai driver crashes car into bank
Dubai: A motorist lost control of his vehicle and it crashed through the glass door of local bank at Burjuman shopping mall, causing moderate injuries to an Asian man inside the bank, police said …
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Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System
It’s a big problem for the UAE legal and financial system. I believe it leads to people leaving the country with huge debts left behind.” The system of using personal and corporate checks as security …
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