UAE banks upbeat about 2018

DUBAI — The banking sector is looking to pounce on the expected faster economic growth of United Arab Emirates this year. Banks are expected to raise lending by about 4 percent to 6 percent this year as Dubai continues its massive preparation for the ... ( read original story ...)

Here’s why lenders in UAE are upbeat about growth in 2018

First Abu Dhabi Bank expects its loan book to grow by a mid-single digit per cent this year compared with a 1 per cent decline in 2017. Dubai’s biggest lender Emirates NBD also sees a mid-single digit percentage growth compared with a 5 per cent increase ... ( read original story ...)

Dubai Islamic Bank issues $1bn Islamic bond

Dubai Islamic Bank (DIB) said it has successfully issued a $1-billion sukuk (Islamic bond) with a five-year tenor, maturing on February 6, 2023 on the back of the bank’s strong financial performance and attractive market positioning. The issuance ... ( read original story ...)

Embracing artificial intelligence: Do UAE banks have a choice?

Furthermore, AI has accelerated automation in the banking sector. Banks can achieve up to 50 per cent operational costs savings by adopting the relatively inexpensive technology, which is easy to develop and maintain. One of the UAE banks has already ... ( read original story ...)

Dubai Exports Builds on Brazil Ties to Boost Trade and Economy

The delegation, which was led by Her Excellency Hafsa Abdulla Mohamed Sharif Al Ulama and comprised representatives of the First Abu Dhabi Bank and the Dubai Chamber office in Brazil, met with trade associations and business groups in the provinces of ... ( read original story ...)

Sri Lanka eyes stronger trade ties with the UAE

“The UAE has now become Sri Lanka’s sixth-largest global trading ... “There will be a number of stalls, from property developers to banking and non-banking sectors. “It will be a meeting point for Sri Lankans who want to enjoy the benefit of ... ( read original story ...)

UAE employees to get salary increase in 2018: Report

Executives from sales and marketing and professionals from legal and finance sectors will likely be the most in demand in the UAE this year with the best salary hikes expected for the professionals in the latter sectors, a new report has said. "Sales ... ( read original story ...)

UAE’s Etihad scrambles to shore up $1.2bn bonds

With more than $400 million of EAP debt in the hands of United Arab Emirates investors ... If they don't try to save EAP, their reputation for sophisticated financial management would take a battering," one source said. ( read original story ...)