We have made great progress in our efforts to boost innovation and raise the profile of the UAE banking industry, and we are confident we will keep the momentum going as we move forward,” said …
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UAE Banks Federation holds Ordinary Annual General Assembly Meeting
UAE Banks Federation (UBF) held yesterday (April 22nd, 2019) its Ordinary Annual General Assembly Meeting, at the Head Office of Commercial Bank of Dubai. The meeting was chaired by H.E. AbdulAziz Al …
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Dubai Islamic Q1 net profit up 12pc to $369m
“Global market optimism is returning as reflected by the positive index performances as well as increasing trade volumes in the UAE financial markets since the start of the year,” he added. Dubai …
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Dubai Islamic Bank to Study Possible Acquisition of Noor Bank
(Bloomberg) — Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest … three weeks,’ it said in a statement to the stock market. The Middle East’s financial services industry is witnessing a …
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Three IPOs in the worksfor Dubai
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 …
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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 …
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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 …
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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 …
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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.
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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 …
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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 …
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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 …
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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 …
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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. …
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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 …
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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 …
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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 …
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