Dubai Islamic Bank (DIB), the UAE’s first and largest Islamic lender, said, is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most …
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Dubai’s Noor Bank first-half net profit surges 29% to Dh410m
Dubai’s Noor Bank, a Sharia-compliant lender being acquired by its larger rival Dubai Islamic Bank, reported a 29 per cent rise in its first half-net profit as revenues rose and expenses fell. Net …
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Noor Bank reports Dh410 million H1 2019 net profit
Noor Bank’s revenue rose by seven per cent in H1 2019, with contributions from income via net financing and investments as well as non-funded income. Image Credit: Clint Egbert/Gulf News Dubai …
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Dubai focuses on senior management in Abraaj probe – News |
said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and …
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Dubai focuses on senior management in Abraaj probe
said a senior official of Dubai Financial Services Authority (DFSA). Bryan Stirewalt, chief executive officer of DFSA, said the supervision and enforcement teams devoted considerable time and effort …
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Dubai Financial Regulator to Focus on Abraaj Management in Probe
The Dubai Financial Services Authority said its investigation into the collapsed Abraaj Group is focusing on the buyout firm’s senior management and people who failed to report irregularities. “We …
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Dubai’s Real Estate Slump Catches Up With the City’s Finance Hub
Walk into the latest expansion of Dubai’s financial district and you’ll see a handful of small art galleries, some upscale men’s tailors and plenty of retail space waiting for takers. The Dubai …
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UBF brings all 52 member banks together to underpin UAE government’s Emiratisation agenda
UBF’s quarterly CEOs Advisory Council meeting was held yesterday and Chaired by H.E. AbdulAziz Al Ghurair, and witnessed the banking industry collectively collaborate to accelerate efforts to further …
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U.S. hedge fund holds talks with Dubai-based Bin Zayed Group over £300m Newcastle FC purchase – This is Money
Some local news is curated – Original might have been posted at a different date/ time! Click the source link for details. …
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The DFSA joins network for greening the financial system
The Dubai Financial Services Authority (DFSA) announced today that it is now a member of the Central Banks and Supervisors Network for Greening the Financial System (NGFS), becoming one of the first …
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Dubai Chamber-led group introduces innovative startups banking solutions
New banking and licensing solutions tailored to the needs of startups, an uptick in the number of fintech startups specialising in SME banking and increased cooperation between UAE banks and the …
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Dubai Chamber-led working group provides banking solutions to innovative start-ups
DUBAI- New banking and licencing solutions tailored to the needs of start-ups, an uptick in the number of fintech start-ups specialising in SME banking and increased cooperation between UAE banks and …
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UAE’s Emirates NBD to open 20 bank branches in Saudi Arabia
Emirates NBD plans to open 20 branches across Saudi Arabia as part of the UAE banking group’s plans to strengthen economic ties with the kingdom, with the move approved by Saudi Arabian Monetary …
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ADIB and Al Baraka Banking Group sign MoU to expand network
ADIB is a leading bank in the UAE with more than AED 124.6 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access …
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U.S. hedge fund holds talks with Dubai-based Bin Zayed Group over £300m Newcastle FC purchase
An American hedge fund backed by Japanese investment giant SoftBank has been holding talks with the Dubai-based Bin Zayed Group which is interested in buying Newcastle United Football Club for between …
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European financial major makes Gulf debut with Dubai deal
Woodbrook Group Holdings Ltd, one of Europe’s largest international firms of financial consultants, on Thursday confirmed it has established its first base in the Middle East with the acquisition of …
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First Abu Dhabi Bank’s shares rise following plan to remove foreign ownership limit
First Abu Dhabi Bank’s board proposed removing the foreign ownership limit after the United Arab Emirates started loosening rules to attract international investors. The shares advanced. The change is …
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