Don’t write off paper bank statements in the UAE just yet

Electronic bank statements have their virtues - from saving trees to keeping your desk uncluttered - but they can also be easy to forget. While UAE customers can still have their statements delivered by post, they will now find themselves in the minority. ( read original story ...)

Dubai bank pursues 2 UAE fugitives

The pair allegedly fled their country, United Arab Emirates (UAE) after borrowing the money from Doha Bank, Dubai. The bank issued the summons against the pair early this month and the respondents have entered their appearance to defend the case in Harare. ( read original story ...)

Dubai’s Abraaj said to mull sale of fund unit stake

Meanwhile, the markets regulator for the Dubai financial center where Abraaj is licensed is holding discussions with the firm about some investors’ concern that capital in a healthcare fund wasn’t allocated properly, though no formal investigation is ... ( read original story ...)

Builder of Kuwait’s $4.6bn airport revives IPO

The airport will be one of the largest in the world and compares with Dubai’s Al Maktoum International, which will be able to handle more than 220 million travelers when it is done. No advisers have been chosen for the IPO yet, Özdemir said. Half of ... ( read original story ...)

UAE Takes Lead in Digital Banking in the Middle East

As digitisation of banking and financial services sector gathers momentum across the world, in the Middle East and North Africa (Mena) region, the UAE banks have taken the lead in adopting digital solutions according to a recent study by Al Masah Capital. ( read original story ...)

The Builder of One of the World’s Largest Airports Revives IPO

The airport will be one of the largest in the world and compares with Dubai’s Al Maktoum International, which will be able to handle more than 220 million travelers when it is done. No advisers have been chosen for the IPO yet, A-zdemir said. Half of ... ( read original story ...)

UAE takes pole position in digital banking in the Middle East

Dubai: As digitisation of banking and financial services sector gathers momentum across the world, in the Middle East and North Africa (Mena) region, the UAE banks have taken the lead in adopting digital solutions according to a recent study by Al Masah ... ( read original story ...)

UAE bank to open branches in Saudi Arabia

LONDON: First Abu Dhabi Bank (FAB), the UAE’s largest lender, is poised to establish a commercial banking business in the Kingdom after being granted a license by the Saudi Arabia Monetary Authority (SAMA). FAB will be able to open up to three branches ... ( read original story ...)