Dubai, UAE – The Emirates Institute for Banking and Financial Studies (EIBFS) has announced that the registrations are now open for its specialised banking and finance focused training programs and co…
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Dubai Islamic Bank : District cooling firm Empower settles $728m loan and targets zero debt
Emirates Central Cooling Systems Corporation (Empower), a Dubai-based district cooling provider, paid loans totalling $728 million (Dh2.67 billion), enabling it to have zero debt by the end of the yea…
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Mideast Stocks: Global market woes hurt Gulf, merger talk sends Riyad Bank to 4-year high
reaching a four-year high after saying it was in merger talks with National Commercial Bank (NCB). The Dubai index was the sole gainer of the session, inching up on the back of rises in its banking sh…
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Proposed bank merger in Abu Dhabi could lead to 1,000 job cuts – report
… the combination of National Bank of Abu Dhabi and First Gulf Bank last year to create a lender with $175bn of assets. The UAE Banks Federation said in an annual report released in late August …
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United Arab Emirates reopens embassy in Syria
The United Arab Emirates reopened its embassy in Damascus on Thursday for the first time in seven years in a move intended to counter Iranian and Turkish influence in Syria. The decision by the UAE, w…
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UAE Ministry of Finance launches Sheikh Zayed e-book initiative at elementary schools
Ministry of Finance had created the e-book to celebrate the vision and the life of a great leader who played a pivotal role in building and developing the UAE. Dubai: The Ministry of Finance recently …
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Happy New Year: No fee hikes, new taxes in UAE
The UAE Ministry of Finance has affirmed that no new fees or additional taxes would be introduced in the coming years. The Ministry of Finance has also confirmed that the government plans to spend mor…
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Shares in GFH Financial continue rebound, analyst says “stock is oversold”
GFH was the most actively-traded stock on the Dubai market, as company’s shares rise for second day in a row Shares in GFH Financial Group rose for the second session in a row on the Dubai Financial M…
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Dubai’s penny stocks see mild traction
witnessed buying in the last hour of trade in Dubai, led by a Gulf Finance House (GFH) recovery after traders saw positive movement in US futures. GFH closed more than 5 per cent higher to end at …
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UAE Minister of Finance, Bahraini counterpart discuss mutual cooperation
H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and Sheikh Salman bin Khalifa Al Khalifa, Bahraini Minister of Finance, have discussed cooperation between the …
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UAE: ICO Regulations by Mid-2019 Could Propel the Country’s Cryptocurrency Ecosystem
Notably, the SCA will work with the Abu Dhabi Securities Exchange and Dubai Financial Market towards the development of trading platforms for ICOs in 2019. Andrea Bonaceto, CEO of Eterna Capital, shar…
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UAE expat poll shows dissatisfaction with financial advice
Just as the UAE’s finance ministry launches new regulations, a poll of expatriates has revealed 32 per cent don’t trust IFAs. The CFA Institute study centred on the trustworthiness of financial adviso…
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UAE conventional bank assets hit $620bn
The assets of UAE conventional banks (CB) amounted to around Dh2.275 trillion ($620 billion), accounting for 79.7 percent of total banking assets by the end of November 2018, a media report said. Shar…
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UAE bank assets rise 6% to Dh2.85tn led by growth from conventional lenders
The UAE’s bank assets rose 6 per cent to Dh2.85 trillion in the first eleven months of this year from the end of December 2017, led by growth in conventional bank assets, latest central bank figures s…
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Financial advisers and employers must step up to help expatriates fill the retirement gap
Saving for retirement is set to evolve for UAE residents, according to experts, as financial advisers and employers face pressure to offer better options amid a raft of UAE government reforms. With a …
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UAE conventional banks’ assets hit Dh2.275 trillion
The assets of UAE conventional banks (CB) amounted to around AED2.275 trillion, accounting for 79.7 per cent of total banking assets by the end of November 2018, with Sharia-compliant banks …
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Bank of Sharjah open to mergers
The Bank of Sharjah is open to mergers as the consolidation trend in the UAE’s banking sector is set to continue, said a senior executive at the bank. “We are not talking to any bank for merger. There …
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