As part of joint efforts to foster a closer trading relationship and develop increased investment opportunities, the Central Bank of the UAE and the People’s Bank of China signed a bilateral currency …
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Emirates NBD Bank : , Emaar Properties support DFM in week
Dubai – Mubasher:The Dubai Financial Market (DFM) concluded the week ended 19 July on a positive note backed by banking and real estate stocks. The DFMGI gained 1.45% or 42 points to close the week at …
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Tint World® Enters UAE Market With New Location in Dubai
“Khalil’s background as an entrepreneur and Dubai’s passion for cars make this a perfect fit for the Tint World® family,” Bonfiglio said. “He and his family have a lot of business experience in the re…
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South Sudan abandons Kenya as a prime banking destination
South Sudan has abandoned Kenya as one of its key banking destinations following a complex court battle with a Khartoum-based contractor, Dubai Bank founder Hassan Zubeidi and the Kenya Deposit Insura…
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Fruitful China-UAE financial cooperation opens up possibilities for Gulf region
As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past years. Bilateral cooperation i…
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Industry stalwarts to attend financial restructuring summit
Over 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September. Middle East Global Advisors, a leading financial intellige…
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Spotlight: Fruitful China-UAE financial cooperation opens up possibilities for Gulf region
ABU DHABI, July 19 (Xinhua) — As the first Gulf country to forge a strategic partnership with China, the United Arab Emirates (UAE) has enjoyed fruitful financial cooperation with China over the past …
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Dubai Financial Market : Bahrain’s GFH denies exposure to Abraaj
Dubai – Mubasher: Bahrain-based GFH Financial Group has affirmed no exposure to the ailing private equity firm Abraaj Group. The group indicated it has signed an agreement to acquire Abraaj’s stake in …
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Saudi Aramco in talks to buy stake in world’s no. 4 chemical firm
DUBAI (Reuters) – Saudi Aramco IPO-ARAM.SE said on Thursday it is looking to buy a strategic stake in Saudi petrochemical maker SABIC 2010.SE, a move that could boost the state oil giant’s market valu…
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Dubai’s Mashreq posts 5.2% rise in H1 net profit
Dubai-based Mashreq Bank on Wednesday posted a 5.2 percent increase in net profit to AED1.2 billion for the first half of 2018 compared to the year-earlier period. Operating ncome was up by 3.7 percen…
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UAE Tops List of 84 Most Complex Countries for Compliance; Ireland Is Simplest
Besides the UAE, Qatar, China, Argentina and Malaysia were ranked in … Brazil and Uruguay. “As the global push for financial transparency continues, international firms face an increasingly complex …
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Hedge Fund York Capital Joins Race for Abraaj Assets
York Capital Management, the hedge fund run by Jamie Dinan, is the latest party to join the race to buy the asset-management platform of embattled Dubai private-equity firm Abraaj Group, according to …
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Dubai Islamic Bank Group 1st Half 2018 Financial Results
Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, today announced its first half results for the period ending June 30, 2018. …
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Report: UAE banks continue to register higher profitability
on Sunday said in its latest UAE Banking Pulse for Q1 2018 report. Comparing the data of the 10 largest listed banks in the UAE, this UAE Banking Pulse report looks at the first quarter of 2018 (Q1 20…
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Dubai Bank credit officer charged with a plot to steal Sh245 million
NAIROBI, KENYA: A credit officer at Dubai Bank Kenya (in liquidation) has been charged with a plot to steal Sh245 Million. Rajab Ahmed Karume appeared before Milimani Senior Principal Magistrate Marth…
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UAE banks to record higher profitability and liquidity through 2018 Stand first
The country’s 10 largest listed banks analysed in A&M’s UAE Banking Pulse are First Abu Dhabi Bank, Emirates NBD as well as Abu Dhabi Commercial Bank, Dubai Islamic Bank and Mashreq Bank. Additionally …
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UAE banks improve first quarter performance as costs decline, Alvarez & Marsal says
Commercial Bank of Dubai reported a 68 cent rise in its first-half net income as operating expenses and impairment charges for bad loans declined while net interest and fee income climbed. Net profit …
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