* Moody’s on UAE banking says loan performance will soften modestly following sluggish economic growth this year * Moody‘s-Kept outlook for UAE’s banking system at stable reflecting economic resilience, strong capitalisation, stable funding and …
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UAE banks top GCC with $723 billion in assets
ABU DHABI: The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached $723 billion (Dhs2.66 trillion) for the year 2016.
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Liverpool takeover bid: Club valued at £1billion as financier begins talks
The 44-year-old was involved with Dubai investors in takeover attempts in 2007 which … of takeover speculation throughout the summer as pressure grows on London hedge fund owners Sisu to put the club up for sale. A series of bids from a consortium …
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UAE banks continue to top GCC with $723b worth of assets
Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperative Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per …
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Dubai Economy to bring latest e-services and apps to GITEX
real time response based on the latest information available on the Dubai Economy data bank. The Commercial Compliance & Consumer Protection sector will display its ‘IP Gateway’ and ‘Maydani’ initiatives. IP Gateway allows trademark owners anywhere …
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Dubai property database will allow tenants to rent without cheques
Later stages will see the technology used in banking, mortgages, utilities, maintenance and other areas. “As the system simplifies people’s lives by using an integrated system, we are working directly with Smart Dubai to provide our customers with …
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Commercial Bank of Dubai appoints Chief Operating Officer
In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded transformational projects at several MENA-based banks, along with serving in several senior roles at the …
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UAE–Japan SME Platform inaugurated in UAE
financial services, health care, and education. He pointed out that SMEs form the backbone of the UAE’s economy, as it generates job opportunities, promotes competition, creates new industries, and drives sustainable economic growth. He pointed out that …
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Finance / Operations Manager – Dubai Jobs
Drive performance measures for the operations (efficiency & productivity), in the form of dashboards convenient for review of high level key indicators. Responsible for developing strategies, to solve critical business operational challenges, to …
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Are you ready for #ZeroFoodWaste in Dubai?
The call has been made on behalf of the UAE Food Bank and Dubai Municipality in support of the World Food Day, which will be observed with a wide variety of activities on October 16, the civic body said in a press release. The programmes, organised by the …
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How these UAE ‘bankers’ cheat clients with magic pen, 0% credit card offers
Fraudsters have got their hands on what is known as ‘magic pens’ to cheat bank customers, the Sharjah Police have warned. The police have registered 10 cases of cheque fraud committed using these pens – which have erasable ink – this year so far.
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First Abu Dhabi Bank to unveil e-Dirham upgrade
The UAE’s Ministry of Finance (MoF) and First Abu Dhabi Bank (FAB) will showcase e-Dirham’s latest developments and technologies in electronic payment systems during the Gitex Technology Week 2017 in Dubai. The e-Dirham is a cashless payment system that …
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Is This The Geopolitical Shift Of The Century?
U.S. allies Saudi Arabia, Egypt, Turkey and even the UAE, have shown an increased eagerness to develop … Arabia is NOT asking Russia to take part in the long-awaited Aramco IPO in 2018. Russian individual investors and financial institutions, however …
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Dubai firm closes second fund with $160m commitments
A team of investment professionals in Dubai, Istanbul and Kuwait will manage the NBK Capital Partners Mezzanine Fund II, a statement said. The fund has already invested in two companies – Qimam El Hayat, a private K-12 school in Riyadh, and Perkon …
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PwC set to deliver VAT diploma in the UAE, Saudi Arabia
PwC, the global professional services firm, is to deliver a VAT diploma in the UAE and Saudi Arabia ahead of the introduction of value added tax in the Gulf region. As the GCC economies gear up for the new VAT regime from January 1, 2018, PwC said there …
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Post-Brexit banking shake-up to benefit UAE financial centres
While European capitals are battling it out to woo London’s bankers post-Brexit, the cities that stand to gain the most could be far further afield, including New York, Hong Kong and Dubai, according to Miles Celic, chief executive of TheCityUK. The chief …
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New digital bank launched in the UAE
Dubai-based Mashreq Bank has unveiled a new full-service digital bank, Mashreq Neo, in the UAE. The new digital bank will be completely branchless, is targeted towards the connected generation who are digitally savvy, use mobile devices extensively, and …
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