Tag: ipo

Mr. Al Ghurair, who is also the head of the UAE Banks Federation, said in November that banking sector profits may fall between 10 and 20 per cent in 2016 versus 2015 as a slowing economy takes its toll on loan growth.
( read original story …)

---

Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank …
( read original story …)

---

DeVere Group, a global financial advisory company, said it has expanded into private banking by buying St Lucia-based Arton Bank. The Dubai company, which has been beefing up its presence in the Arabian Gulf in recent years, will be wading into a crowded …
( read original story …)

---

Dubai: Dubai Financial Services Authority (DFSA) chairman Saeb Eigner said Chinese, Japanese and Indian banks topped the asset lists at Dubai International Finance Centre (DIFC), marking a shift in global trade to Asia. Speaking at the Asian Financial …
( read original story …)

---

However, despite the lack of headline price movement, the Financial Times reports hedge funds and other institutional investors … a fuel broker at Freight Investor Services in Dubai, told Reuters. Crude futures have fallen five per cent since their …
( read original story …)

---

The Commercial Bank of Dubai will soon launch CBD NOW, the UAE’s first digital-only bank. The new bank is based entirely online and will offer all the services a regular bank does, such as current accounts, saving accounts and credit card accounts.
( read original story …)

---

Dubai:National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 40 per cent rise in fourth-quarter net profit, according to Reuters’ calculations, as the bank continued to benefit from government spending. The bank made a …
( read original story …)

---

Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge “Trump trades” put on late last year that bet on stronger growth and rising inflation.
( read original story …)

---

Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross …
( read original story …)

---

It states that the purpose of the award will be to use the funds for managing a “quick-response mechanism … who operate out of offices in Turkey, Jordan and Dubai. In the letter, rebel groups stated that they would allow teams to restore the water …
( read original story …)

---

11 of the world’s most luxurious train journeys Mint Leaf Dubai – Emirates Financial Towers Upmarket Indian food shines at this swanky 15th floor restaurant. Located in Dubai’s financial center, the London export has floor-to-ceiling windows facing the …
( read original story …)

---

… will have to learn to play to swings of small cap stocks in the UAE stock markets, before blue chip shares stage a comeback again. The smaller stocks like Gulf Finance House, Shuaa Capital, Gulf Navigation, HITS Telecom and Union Properties listed on …
( read original story …)

---

I’m really excited about it. It’s a great chance to build a new financial infrastructure in the region. What’s exciting is that there’s this big drive for change in the economies. Saudi Arabia and the UAE want to leapfrog into the digital age in …
( read original story …)

---

The Dubai Financial Market General index closed 0.42 per cent higher at 3,617.40, after trading in the range of 3,586.53- 3,617.43. “The market today was mainly driven by trading opportunities. The main focus was still on insurance sector, and investors …
( read original story …)

---

… UAE – Dubai – Robert Half are working with a large Outsourcing company based in Dubai. Due to an internal move the business is looking to recruit a Chief Financial Officer. The Company Robert Half are working with a large Outsourcing company based in …
( read original story …)

---

Robert Half, an international recruitment firm, has published what they have found are reliable benchmarks of the salary scales of permanent accounting and finance roles in the UAE. According to the survey conducted, 68 per cent of employers are seeking …
( read original story …)

---

His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and His Excellency Kairat Kelimbetov, Governor of AIFC, signed the MoU on behalf of the two government entities. The Dubai Islamic Economy Development Centre (DIEDC …
( read original story …)

---