Riyadh Bank is one of first Saudi banks to report * Saudi Kayan climbs on Q3 earnings beat * Dubai’s Drake & Scull up more than a third this month * Abu Dhabi’s Dana Gas up after reassurance on Kurdistan * Egypt’s Alexandria Flour Mills leaps on dividend …
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UAE banking profit growth driven by non-ordinary factors
Let’s take a deep look at the Q3 financials reported by listed companies in the heart of the economy – the banking sector. I chose the heart as analogy because the heart keeps the blood in circulation which keeps the body alive, just as the banks keep …
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Dubai Bank Targets Antwerp Diamond Clients
It will enable the bank to service Antwerp-based companies with dollar-based lending in Dubai. NBF opened its diamond-focused branch in 2015 and Blommaert reported it had gained steady market share since, ranking behind ABN Amro as the second-largest …
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Mashreqbank psc : Mashreq Bank, Microsoft extend partnership to drive digital transformation
Microsoft has announced it will expand its partnership with Dubai-based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services. Through the programme, which builds on Mashreq’s current digital …
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Mashreq Bank seeks to transform sales with Dynamics 365
This innovation will allow Mashreq to solidify its place as a market leader.” Now celebrating its 50th anniversary, Mashreq Bank is one of the UAE’s leading financial institutions. Its retail business spans the GCC region, including markets such as Egypt …
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Dubai’s GEMS Education hires four banks for $1.2 bln loan -sources
DUBAI, Oct 19 (Reuters) – GEMS Education … sources told Reuters earlier this month. HSBC, Emirates NBD, Mashreq Bank and Noor Bank are the underwriters of the seven-year loan, said the sources. The facility could be syndicated to a wider group of …
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MIDEAST STOCKS-Banks boost Saudi on Riyad earnings, Dubai’s DSI jumps
DUBAI, Oct 19 (Reuters) – Banks led the Saudi Arabian stock market higher on Thursday after Riyad Bank reported better-than-expected earnings for the third quarter, while builder Drake & Scull jumped in Dubai. Riyad Bank gained 6.2 percent after reporting …
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BRIEF-Commercial Bank of Dubai 9-month profit falls
* NINE-MONTH TOTAL REVENUE 1.99 BILLION DIRHAMS VERSUS 1.80 BILLION DIRHAMS YEAR AGO * AS OF END SEPT LOANS AND ADVANCES STAND AT 47.5 BILLION DIRHAMS, UP 14.9 PERCENT YEAR-ON-YEAR * AS OF END-SEPT 2017, CUSTOMER DEPOSITS STAND AT 47.5 BILLION DIRHAMS, UP …
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UAE Embassy In Washington, DC Joins The American Cancer Society To Celebrate The Launch Of The Cancer Atlas In Arabic
UAE to host first-ever “Relay For Life” in the Gulf in November to raise funds for cancer research WASHINGTON, Oct. 19, 2017 /PRNewswire/ — Today, the United Arab Emirates (UAE) Embassy in Washington, DC, in partnership with the American Cancer Society …
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Microsoft Expands Partnership with Mashreq Bank on Digital Transformation
Microsofttoday announced it will expand its partnership with Dubai based Mashreq Bank to drive a bold digital transformation programme within the bank’s branches and digital services. Through the programme, which builds on Mashreq’s market-leading …
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Emirates Islamic inks wasl home finance deal
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, said it has tied up with wasl Asset Management Group to offer attractive home finance facilities for its park-side freehold master development in the heart of Dubai.
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Is income tax coming to the UAE? And what will happen if it does?
According to Undersecretary of MoF Younis Haji Al Khoori, the UAE Ministry of Finance announced on Tuesday that it was still in the process of preparing the executive regulation of VAT, in coordination with the concerned authorities. The Emirates News …
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UAE yet to determine VAT rates on goods
The UAE government is still in the process of preparing the executive regulation for value-added tax (VAT) and the rates on supply of goods and/or services and exports are yet to be determined, said a top Ministry of Finance official. The UAE MoF is …
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Taxation is Coming to the Tax Free United Arab Emirates: Dubai
Products covered by the new regulations include cigarettes and alcohol. Moreover, the UAE Ministry of Finance had also announced that a Value Added Tax on non-essential goods will take effect in January 2018. The implementation rate will be at 5 percent …
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No VAT on sale and purchase of shares in UAE
On Tuesday, Dubai Financial Market saw 451.2 million shares changing hands worth Dh525.2 million. Abu Dhabi Securities Exchange witnessed 62.8 million shares trading worth Dh100.6 million. As part of the wider Gulf Cooperation Council agreement …
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The Debt Panel: ‘I left the UAE without paying Dh170,000 in loans but the banks won’t help me return’
On this panel this week: Kunal Malani, head of customer value management, UAE and Mena at HSBC Middle East; Keren Bobker, an independent financial adviser with Holborn Assets and Michael Routledge, the founder of the debt advice site savememoney.ae.
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Dubai Financial Market : Deyaar’s stock hits highest level in 3M early Tuesday
Dubai – Mubasher: Deyaar Development’s stock on Tuesday registered its highest level in three months, or since 20 July’s trading session by 11:00 am UAE time. The stock rose 1.12% to AED 0.541 after 23.68 million shares were exchanged, through 188 …
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