Moderate increase in loan demand, says UAE central bank survey

Demand for business loans increased “moderately” in the most recent quarter, with a similar amount of demand expected for the current quarter, according to a UAE central bank survey. The Q3 Credit Sentiment Survey, a quarterly publication that ... ( read original story ...)

UAE Central Bank warns against using ‘digital currency’

Dubai: The UAE Central Bank warned on Monday about the use of “digital coin”, saying it did not issue a license to allow the currency in the local market. The statement comes after Bitcoin, one of the cryptocurrency, hit a record high of $6,148 on ... ( read original story ...)

NCB, Mobily hit Saudi, Emaar still weighs on Dubai

DUBAI, Oct 23 (Reuters) - National Commercial Bank (NCB) and telecom stocks dragged down Saudi Arabia's main index on Monday while Emaar Properties weighed on Dubai's stock market for the second day in a row. The Saudi index fell 1.3 percent to 6,886 ... ( read original story ...)

Emaar weighs on Dubai, Banks drag down Saudi early on

DUBAI, Oct 23 (Reuters) - Emaar Properties weighed on Dubai's stock market in early trade on Monday for the second day in a row, while Saudi Arabia was dragged down by the banking and insurance sectors. The Dubai index lost 0.7 percent as Emaar fell ... ( read original story ...)

Emaar Properties unit IPO seen reviving primary market

The Dubai Financial Market General Index has returned 3.19 per cent so far in the year due to lower oil prices, compared to a 15 per cent gains in Dow Jones Industrial Average. The UAE market has not witnessed an IPO since 2015, but regionally the amount ... ( read original story ...)

Dubai to leverage its high global financial hub rankings

Dubai: Dubai is seeking to consolidate its growing leadership status in global finance with a combination of initiatives aimed at deepening its financial cluster, enhancing infrastructure, expanding access to talent, and increasing its financial industry ... ( read original story ...)

UAE banks take lead in digitisation and fintech adoption

Dubai: Banks in the UAE are fast realising the challenges and opportunities of fintech revolution. A number of banks have already announced a number of digital banking initiatives, ranging from sperate digital-only banking platforms to strengthening of ... ( read original story ...)

Emaar plans to sell 20% stake in Emaar Development via IPO

The move comes after Dubai's leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. Emaar Development is behind communities in Dubai including Emirates Living ... ( read original story ...)