is accelerating its growth in the Middle East by recruiting a number of experienced professionals for its Dubai branch. The bank will further develop its business and improve the servicing of clients in the Gulf Cooperation Council (GCC) region.
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2nd Arab IPO Summit to tackle policies governing capital raising activities
DUBAI — UMS Conferences, organizers of the upcoming second Arab IPO Summit, on Saturday announced its strategic partners for the summit which include leading exchanges like the London Stock Exchange, Abu Dhabi Securities Exchange, Palestine Exchange …
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UAE banking sector tops Gulf states for asset volume
The UAE’s banking sector came first on the list of the banking sectors in terms of asset volume in the GCC region, with a total value of about US$711 billion, over (AED2. 61 trillion) in 2016, according to statistics from the Central Bank of the UAE …
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UAE banks fully prepared for stricter capital regime
Dubai: The UAE banks’ minimum common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital adequacy ratio to 15.5 per cent by 2019, according to the new central bank regulations. But with the already strong capitalisation levels …
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Canaccord Genuity looks to expand business in Middle East, India
It recently helped broker a $5-billion investment partnership between Dubai ports operator DP World and Caisse … with large European and North American private equity funds, pension funds and hedge funds about potential investments in Saudi, United …
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Banking sector resilient to headwinds: UBF
Dubai: The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors of the UAE Banks Federation (UBF), a professional representative body comprising 49 member banks operating in the UAE. The UBF …
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Dubai lender Emirates NBD to IPO Islamic REIT fund
DUBAI, March 5 Emirates NBD (ENBD), Dubai’s largest lender, plans to offer shares in its Islamic real estate investment trust and list them on the Nasdaq Dubai exchange. ENBD REIT said on Sunday it expects to raise about $100 million to $125 million from …
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Souqalmal.com: Majority of UAE Respondents Want Better Banking Standards
Souqalmal.com, the UAE’s #1 personal finance and insurance comparison website, surveyed close to 1,500 bank customers in the UAE for the 2017 edition of its annual Bank Satisfaction Index. (Photo: http://mma.prnewswire.com/media/474842/2017 …
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Dubai Financial Market launches ETF trading platform
Platform Falls Under New Regulatory Framework And Adheres To Global Best Practices The exchange hosts bell ringing ceremony to celebrate the launch of the new platform Dubai Financial Market (DFM) announced today the launch of a trading platform for …
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Dubai Financial Market Launches First-Of-Its Kind Regional ETF Trading Platform
· Afkar signed Al Ramz Capital as new Authorized Participant and Cairo’s Beltone Financial as Foreign Liquidity Provider for its Afkar S&P UAE UCITS Exchange Traded Fund Dubai Financial Market (DFM) announced today the launch of a trading platform for …
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UAE central bank issues new rules related to…
The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for …
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UAE central bank issues new rules related to Basel III
The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for …
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Dubai Financial Market launches region’s first ETF trading platform
Dubai Financial Market (DFM) today announced the launch of a trading platform for exchange-traded funds (ETFs), the first of its kind in regional capital markets. Governed by a world-class regulatory framework, the platform offers unprecedented levels of …
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UAE Ministry of Finance issues budget preparation circular
The five-year budget plan for 2017-2021 was prepared for ministries and independent federal entities in line with UAE Vision 2021 and the UAE Cabinet’s resolution No. 7/168 and /6 of 2015. The resolution extended the term of the federal budget from three …
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UAE Central Bank issues capital adequacy regulations in line with Basel III
The Central Bank of the UAE has issued new regulations to ensure that capital adequacy of all banks operating in the UAE is in line with revised rules outlined by the Basel Committee on Banking Supervision in Basel III, a global regulatory framework for …
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Fintech Business, Beehive, is the First Peer to Peer Lending Platform to Receive DFSA Regulation
Beehive has become the first peer to peer lending platform to set up offices in the Dubai International Financial Centre (DIFC) and become officially authorised and regulated by the Dubai Financial Services Authority (DFSA). (Photo: http …
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Dubai's DFSA regulates first peer to peer lender
March 5 Dubai-based Beehive said on Sunday it had become the first peer-to-peer lender to become regulated by the Dubai Financial Services Authority (DFSA), the regulator for the Middle East and North Africa’s largest financial centre. After emerging in …
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