Businesses can’t run if essential services aren’t available, and that includes banking. Which brings us to the question — why is the UAE banking sector shutting down for a week? No other sector is as ... ( read original story ...)
Shuaa looks to manage IPOs in latest turnaround initiative
Shuaa Capital will look to procure a license to offer IPO Management services, the Dubai-based investment bank has announced. The company will look to offer services in "investment management, promoti... ( read original story ...)
Traded value in Dubai tumbles ahead of holidays
Traded value fell to Dh39 million on Sunday compared to more than Dh100 million last week. The Dubai Financial Market general index closed 0.44 per cent higher to 2,815.79. Emaar Properties closed 0.8... ( read original story ...)
UAE markets further diverge in opposite directions
Dubai: Last week the Dubai Financial Market General Index (DFMGI) fell by 116.79 or 4 per cent to end at 2,803.32. This was the largest one-week drop since November of last year and it occurred as the ... ( read original story ...)
United Arab Emirates shares mixed at close of trade; DFM General up 0.44%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Consumer Staples, Banking and Insurance sectors propelled shares higher while losses in the Services, T... ( read original story ...)
Shuaa to seek licence for investment and IPO management
Shuaa Capital, the investment bank in which Abu Dhabi Financial Group is the biggest shareholder, is seeking a license to add investment and initial public offering management in the UAE to its list o... ( read original story ...)
Moody’s: UAE’s Top Four Banks’ Profits to Remain Stable Into 2019
The UAE’s top four lenders First Abu Dhabi Bank(FAB), Emirates NBD as well as Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB) posted a 21 per cent increase combined net profit of AED 8 b... ( read original story ...)
When does a bank file a travel ban for loan defaults?
... whether this will affect me or if I will have a defaulter case or any issues if I try to come to the UAE. I have spoken to the bank and they say they have not issued a travel ban but I am concerne... ( read original story ...)
Bahraini bank eyes ‘milestone’ move to expand Saudi operations
Bahrain-based Gulf International Bank (GIB) has announced further progress in the implementation ... Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories ... ( read original story ...)
Dubai regulator probes Abraaj Capital, stops it from taking on new work
Dubai’s financial services regulator has stopped Abraaj Capital from taking on new business or moving money to Abraaj Investment Management (AIML), its related entity, as part of an investigation into ... ( read original story ...)