Liquidity in Dubai’s main stock market has slumped in the past four years as a drop in oil prices hampered economies across the Gulf, reducing trading volumes and slowing share sales. The last IPO on …
( read original story …)
Emirates development bank holds workshop to accelerate growth of the UAE’s SME ecosystem
Dubai, United Arab Emirates – Emirates Development Bank (EDB) hosted a workshop in collaboration with the National Program for Small-to-Medium-Sized-Enterprises (SME), the executive arm of the SME …
( read original story …)
Bank with Liv. and win an island in unique campaign
Dubai: Liv., the digital-only lifestyle bank by Emirates NBD has announced an exciting new promotion, offering one lucky customer the chance to win his or her private island. Existing and new …
( read original story …)
The bank did not specify where the island would be located.
A UAE resident stands the chance to win his/her own private island for signing up with a digital-only lifestyle bank and earning loyalty points. Liv. by Emirates NBD will run the promotion will August …
( read original story …)
Heavy buying into Abu Dhabi bank stocks continues
Dubai: Banks such as First Abu Dhabi Bank (FAB), Union National Bank (UNB), Dubai Islamic Bank (DIB) witnessed non-stop buying, while the Abu Dhabi index hit its highest levels since 2006 on Monday.
( read original story …)
Dubai Mashreq reports 5% jump in Q1 net income as provisions decline
Mashreq Bank, the Dubai lender controlled by the Al Ghurair family, reported a 5 per cent year-on-year rise in its first quarter net profit as allowances for bad loans dropped. Net income for the …
( read original story …)
Dubai’s Escape From Economic Funk Hinges on Retail, Tourism
A turnaround for the economy is riding on a better performance for industries other than Dubai’s bellwether real estate sector, with improvements seen this year and next for finance, tourism as well …
( read original story …)
UAE named Vice Chairman of Belt and Road Initiative Tax Administration Organisation
Representatives from FTA and the Ministry of Finance joined the delegation to the conference, during which the UAE delegates sought to introduce attendees to the country’s tax system and strengthen …
( read original story …)
Saudi, UAE pledge $3 bn financial aid for Sudan
Riyadh (AFP) – Saudi Arabia and the United Arab Emirates on Sunday announced three billion dollars (2.7 billion euros) in financial support for Sudan following the overthrow of longtime leader Omar al …
( read original story …)
Dubai offers investment opportunities in major public parks
Dubai Municipality has announced several investment opportunities in the emirate’s public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops. …
( read original story …)
Top ADCB executives appointed to lead Al Hilal Bank
Dubai: Senior executives at Abu Dhabi Commercial Bank (ADCB) were appointed to top leadership positions at Al Hilal Bank, as it prepares to be acquired by ADCB. Alaa Eraiqat, group chief executive …
( read original story …)
Al Hilal Bank Embarks on Digital Transformation Under the Leadership of Amr Al Menhali, Newly Appointed
UAE-based Al Hilal Bank has set out a new road map to transform into a digital-focused retail bank, investing significantly in distinctive and innovative technology to substantially enhance its …
( read original story …)
Financial Advice Dubai
The lure of earning tax-free cash pulls thousands of expats to the glass and steel high-rise city of Dubai that rises out of the Arabian desert as a glinting beacon in the sunlight. Life is good in …
( read original story …)
Dubai’s Emirates REIT sees 57% profit fall in 2018
The gross value of its assets reached $1.01 billion, following the acquisition of three further floors in Index Tower at Dubai International Financial Centre in the fourth quarter of last year, and …
( read original story …)
Why customer experience is key for banks in the UAE
Exceptional customer experience is a highly demanded, but rarely supplied feature in the UAE market, not just in banking, but across many other industries as well. So, we believe any bank that …
( read original story …)
UAE- APICORP Reports 2018 Record Financial Year with net profit increase to USD182m
2018 marks a record financial year for APICORP Total assets grew by 11% Dubai, UAE, April 17, 2019:The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial …
( read original story …)
Emirates Islamic says first to launch WhatsApp banking services
Emirates Islamic will continue to develop innovative and technology-driven solutions that will enable the migration of our customers from branches to digital channels, in line with the Smart Dubai …
( read original story …)