UAE bourses start new year on a strong note

Emaar Properties and Dubai Islamic Bank helped the Dubai index push higher by more than 1 per cent on the first trading day of 2018 after the index shed more than 4 per cent last year amid sluggish volumes. The Dubai Financial Market General Index closed 1 ... ( read original story ...)

Real salaries in the UAE set to drop in 2018

Real wages are expected to fall in the UAE this year as inflation is set to exceed salary rises, according to the Hay Group. A forecast issued by the Hay Group division of Korn Ferry said that in the UAE, inflation of 4.6 percent combined with pay ... ( read original story ...)

Will UAE banks increase their fees due to VAT? Find out

The UAE Central Bank has asked local banks not to increase the existing fees for customers due to upcoming Value-Added Tax (VAT). "Banks and finance companies will not be permitted to exceed the fees structure for individual customers because of VAT ... ( read original story ...)

Emirates NBD Bank : inks contract to offer clearing services

“We want to thank Emirates NBD for their integrated approach to stock market settlements, which will add depth to the UAE’s equity markets. We look forward to working closely with the bank on our transactions,” Hassan Al Shamsi, Shurooq Stocks ... ( read original story ...)

UAE conventional banks’ assets hit D2.148 trillion

accounting for around 80 percent of the UAE banking system's total assets, which reached Dh2.687 trillion. Islamic banks accounted for the remaining 20 percent, with total assets of Dh538.5 billion, a Wam news agency report said quoting the UAE Central ... ( read original story ...)