DUBAI, 30th July, 2018 (WAM) — The Dubai Electricity and Water Authority, DEWA, has connected its outgoing payment system with Emirates NBD bank according to the Host to Host, H2H, protocol. The inte…
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UAE warns Emirati travellers on credit card fraud abroad
Dubai: Credit card fraud can turn your relaxing vacation into … Holiday goers were also advised to use a bank card with limited card so that they are not subjected to drastic consequences. Colonel O…
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$136bn bank debt lent to UAE and Saudi real estate sectors in 2017
RELATED ARTICLES: Pinsent Masons: Projects backed by tech firms more likely to get funding | Gulf construction sector becoming “creative” to secure funding | Funding secured to build two 126MWp Egypt …
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Commercial Bank International : CBI reports 55 per cent increase first half 2018 net profit
Dubai: Commercial Bank International (CBI) on Monday reported Dh81 million net profit for the first half of 2018, up 55 per cent compared to Dh52 million in the same period last year. Operating profit …
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UAE gold rates fall to lowest in weeks?
Dubai: Planning to buy new gold jewellery pieces this week … the next few days are likely to be a “key catalyst for gold,” as new meetings by the US Federal Reserve and the Bank of Japan are schedul…
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Dubai Islamic Bank Celebrates Next Generation of Leaders
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced the bank’s recent graduation ceremony for its high-potential employees who successfully completed a 15 month long development p…
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Walk-in interviews for nearly 350 bank jobs in…
Ministry of Human Resources and Emiratisation announced that walk-in interviews will be conducted for 342 job vacancies in the banking sector on Monday. The opportunities are available in Abu Dhabi, A…
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Dubai aims for 20mn tourists by 2020, India among top targets
Kolkata, July 30 (IANS) Dubai is aiming for 20 million visitors from around the globe by 2020 and is heavily banking on tourists from India, which is currently the country’s number one source market w…
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The must-read personal finance books for your holiday
an independent financial adviser and senior partner with Holborn Assets in Dubai. It covers the build-up to the US housing bubble and subsequent market crash and is a “lesson in sticking to things tha…
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Starting a business? Dubai Chamber of Commerce and Industry can help you set up
The report contains credit rating of the company of interest in addition to information regarding business activities and financial status. This service is often used by various types of businesses in …
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UAE and Invest India sign artificial intelligence MoU
The UAE ministery of Artificial Intelligence (AI) and Invest India have signed MoU for future cooperation in AI economies. The partnership will focus on open bilateral engagement through a joint worki…
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Top UAE listed banks said to increase profitability in Q1
Professional services firm Alvarez & Marsal said in its latest UAE Banking Pulse report that liquidity is expected to remain healthy for the remainder of 2018. Comparing the data of the 10 largest lis…
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‘Will I have problems transiting through Dubai Airport over a dormant bank account?’
When I left Dubai in 2014, there was some money in my UAE bank account and I still had a credit card. I thought I might return and indeed did so in 2015, but only for a week. I never closed my persona…
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UAE banks’ liquidity set to remain healthy
Compared to the previous quarter, deposits grew at a similar rate (1.41 per cent) in the first quarter as loans and advances rose (1.53 per cent), resulting in a stable loan-to-deposit ratio (LDR), th…
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Abu Dhabi Islamic Bank seeks $123m capital increase
Khamis Buharoon, ADIB vice chairman and acting CEO, said: “The pace of the bank’s growth has been fast, increasing its number of customers to one million in the UAE, nearly double the number it had fi…
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HSBC hires London exec to lead Middle East banking ops
HSBC has appointed Gareth Thomas as regional head of global banking for the Middle East, North Africa and Turkey (MENAT), effective from September, subject to regulatory approval. Thomas will relocate …
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Saudi lender National Commercial Bank lifted by rise in fees and investment income
Dubai: Saudi Arabia’s National Commercial Bank (NCB), the kingdom’s largest lender, reported a 6.7 per cent rise in second-quarter net profit on Tuesday on increased fees, commission and investments. …
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