Don’t hike fees due to VAT, UAE banks told

(MENAFN - Khaleej Times) The Central Bank of the UAE has asked local banks not to increase the existing fees for customers due to the upcoming value added tax (VAT). "Banks and finance companies will not be permitted to exceed the fees structure for ... ( read original story ...)

UAE non-oil growth to surge to 3.7pc in 2018

... Bank of Abu Dhabi earlier in 2017 spurred talks of further mergers in the still-crowded banking industry. According to recent reports, two of the UAE’s smallest banks, the Bank of Sharjah and Invest Bank, are currently in merger talks. Stock markets ... ( read original story ...)

10 financial resolutions for a more prosperous 2018

Tom Anderson, an investment manager at independent financial advisers Killik, who advises clients in Dubai, recommends drawing up a budget so you can see exactly what is coming in every month, and what is going out. Work through your bank and credit card ... ( read original story ...)

UAE banks ready for challenges

The UAE banking sector's performance will see a stabilisation as the economy also does so with the recovery in crude prices and strong capitalisation of financial institutions, according to industry analysts. "We think that 2018 will be marked by a ... ( read original story ...)

Dubai developer says planning unit IPO in H2 2018

Union Properties has announced its intention to raise capital through an initial public offering (IPO) of the shares of ServeU, its facilities management subsidiary, in the second half of 2018. The company said it will list the ServeU shares on Dubai ... ( read original story ...)