Dubai FDI, the investment development agency of Dubai Economy Department (DED), has moved to further strengthen Dubai’s business and investment ties with Egypt, following its meeting with high-level E…
( read original story …)
Dubai rises on bank gains; other Gulf markets mixed
RIYADH: The Dubai stock market closed on a positive note on Wednesday helped by solid gains at Emirates NBD after the emirate’s largest bank reported solid quarterly earnings, while other markets were …
( read original story …)
China-UAE Conference on Islamic Banking to launch in November
DUBAI, 21st July, 2018 (WAM) — In line with the nationwide celebrations of ‘UAE-China Week’, Hamdan bin Mohammed Smart University, HBMSU, has reaffirmed its commitment to building bridges of knowledg…
( read original story …)
China shows rising interest in Middle East during Xi visit to UAE
RIYADH (Reuters) – China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE that signaled energy-hungry …
( read original story …)
Xi’s visit to UAE highlights China’s rising interest in Middle East
ABU DHABI (Reuters) – China and the United Arab Emirates signed a raft of financial, business and trade agreements on Friday during a visit by President Xi Jinping to the UAE, underscoring energy-hung…
( read original story …)
Financial cooperation between UAE, China could create possibilities for Gulf region
As the first Gulf country to forge a strategic partnership with China, the UAE has enjoyed a prosperous financial cooperation with China over many years. The bilateral economic and financial relations …
( read original story …)
Emirates Islamic Bank : reports 25% profit hike in 6M
Dubai – Mubasher: Emirates Islamic Bank has recorded a 25% year-on-year increase in net profit during the first six months of 2018, recording AED 485 million. Meanwhile, the bank’s total income grew 3 …
( read original story …)
UAE rolls out the economic red carpet for China
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 …
( read original story …)
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 …
( read original story …)
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…
( read original story …)
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…
( read original story …)
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…
( read original story …)
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…
( read original story …)
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 …
( read original story …)
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 …
( read original story …)
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…
( read original story …)
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…
( read original story …)