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Posted on 05/01/2019

UAE sees sharp boost in banking deposits

(MENAFN) The UAE’s banking deposits from January to November last year recorded an 8.4 percent jump, reaching USD42.9 billion compared to the previous year. The boost in the three-six month …
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Posted on 05/01/2019

UAE Crown Prince to visit Pakistan; likely to announce USD 6.2 bn financial assistance

The UAE government’s financial assistance comes as Pakistan is negotiating a USD 8 billion bailout package from the International Monetary Fund (IMF) to overcome a severe balance-of-payments crisis. I…
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Posted on 05/01/2019

UAE Crown Prince to visit Pak; likely to announce $6.2 bn financial assistance

The package involves $3.2 billion worth of oil supplies on deferred payment, besides a $3 billion cash deposit, the Dawn reported. The UAE Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will visit P…
( read original story …)


Posted on 05/01/2019

UAE banking deposits surge to $43bn in 11 months

The aggregate balance of 3-6 month banking deposits amounted to Dh157.8 billion ($42.9 billion) during the first eleven months of 2018, up 8.4 per cent from the end of 2017, according the Central Bank …
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Posted on 03/01/2019

UAE banks’ international reserves hit Dh404 billion

The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the same month in …
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Posted on 03/01/2019

Dubai businesses voice fears about slow recovery

“Dubai continues to grapple with over-supply in real estate, sluggish white-collar job growth, high cost of living and tougher enforcement of financial regulation,” said Hasnain Malik, head of equity …
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Posted on 02/01/2019

Derivatives: Gulf’s nascent futures market still needs to develop

Meanwhile, Dalma Capital, a hedge fund management company in Dubai which currently manages a long-only Saudi equities fund is considering launching a hedge fund focused on Saudi Arabian equities in 20…
( read original story …)


Posted on 02/01/2019

Gulf’s nascent futures market still needs to develop

Meanwhile, Dalma Capital, a hedge fund management company in Dubai which currently manages a long-only Saudi equities fund is considering launching a hedge fund focused on Saudi Arabian equities in 20…
( read original story …)


Posted on 02/01/2019

The Debt Panel: ‘Can my UAE bank file a case against me in India?’

I lost my job as a call centre executive in Abu Dhabi in February 2017 after my employer forced me to resign. I was earning Dh6,000 in the UAE but I had to return to India where I now only earn 15,000 …
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Posted on 01/01/2019

Revealed: where UAE banks invested their money in 2018

The UAE Central Bank figures, cited by state news agency WAM, show that the value of investments by UAE banks, their subsidiaries and affiliates totalled AED53 billion ($14.4 billion) in the UK. The t…
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Posted on 01/01/2019

Gulf’s REITs bring IPO receipts, but investor returns not so neat

Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
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Posted on 31/12/2018

UAE bank launches cardless cash withdrawal

UAE bank Emirates Islamic has launched cardless cash withdrawal through its mobile banking app. The Dubai-based bank, which has branches in all seven emirates, said customers can initiate the cash wit…
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Posted on 31/12/2018

REITs bring IPO receipts, but investor returns not so neat

Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
( read original story …)


Posted on 31/12/2018

UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO

UAE-The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking t…
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Posted on 31/12/2018

UAE- EY Corporate Finance Woman of the Year competition encourages female Emirati students to explore new business sectors

Fatma Al Jassim, 2017 UAE Pioneer award winner, spoke of the importance for young Emirati women to expand their skillset UAE winner to compete against country winners from Australia, Germany …
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Posted on 31/12/2018

UAE banks’ foreign reserves hit record $110bn

The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the …
( read original story …)


Posted on 31/12/2018

MBFGROUP : UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO

Mubasher: The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Spea…
( read original story …)


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