Lulu Exchange acquires Al Falah Exchange

Promoth Manghat, the chief executive of UAE Exchange - the biggest foreign exchange network in the Emirates and the GCC - said he expected more consolidation in the industry to follow. This, he said, follows new Central Bank regulations on capital ... ( read original story ...)

Traders Think Hedge Funds Are Missing a Trick With Oil

Hedge funds are still holding large bearish bets against oil and ... is priced at $4.45 a barrel under the benchmark Dubai, the strongest pricing since the country started exporting it in June 2015. In the world of sweet crude, differentials for certain ... ( read original story ...)

UAE credit demand rises ‘slightly’ – central bank

Demand for business credit and personal loans in the UAE rose slightly in the second quarter of 2017 and is expected to continue to increase slowly in the current quarter, according to the central bank. The latest Credit Sentiment Survey from the UAE ... ( read original story ...)

UAE credit demand begins to stabilise from second quarter

Dubai: Demand for credit in the UAE appeared to have stabilised following the recovery registered in the previous quarter, according to the second quarter credit sentiment survey of the Central Bank of UAE. The collects information from senior credit ... ( read original story ...)

The banking paradox

In this section I look at the UAE banking system and come to some startling conclusions. It seems that banks are grabbing market share in a market with deteriorating margins and increased risks. Last week I took a look at Union National Bank’s Q2 ... ( read original story ...)

Adnoc hires banks for fuel retailer IPO: sources

ABU DHABI/DUBAI (Reuters) - Abu Dhabi National Oil Company (Adnoc ... First Abu Dhabi Bank, HSBC, Bank of America Merrill Lynch and Citigroup have been mandated for the IPO, sources familiar with the matter told Reuters. The sources declined to be named ... ( read original story ...)