Bank of Baroda, the only Indian bank present in mainland of UAE with its six branches, nine EBSUs and 47 ATMs, has substantially reduced housing loans interest rates as UAE residents are constantly looking at good deals and exploring payment options in …
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UAE Central Bank reports 12% rise in foreign currency assets
Total foreign currency assets held by the Central Bank of the UAE abroad surged 12 per cent annualy in January as current account balances rose and deposits with foreign banks strengthened. The foreign assets of the central bank reached Dh326 billion at …
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Foreign currency assets of UAE Central Bank climb 12% in January
Total foreign currency assets held by the UAE Central Bank abroad surged 12 per cent annualy in January as current account balances rose and deposits with the foreign banks strengthened. The foreign assets of the central bank reached Dh326 billion at the …
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UAE Ministry of Finance Issues Financial Circular No. (1) of 2018
HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, issued the financial circular No. (1) of 2018 concerning the preparation of the draft of the federal budget for the fiscal year 2019 – currently in the third year …
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UAE insurers report surge in profitability as regulatory changes bolster prices
This would allow insurers to replenish more easily their capital if required. The increased interest from investors will also improve the UAE insurers’ financial flexibility, equipping them to participate in market consolidation. Merger and acquisition …
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UAE- MoF issues Financial Circular concerning federal budget preparation
DUBAI, 1st March, 2018 (WAM) — H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, has issued the Financial Circular No. 01 of 2018 concerning the preparation of the draft of the federal budget for the fiscal year …
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UAE well placed to Benefit from China’s Belt & Road initiative
The Global Financial Markets Forum (GFMF), the region’s premier financial markets conference, brought together economic experts and decision-makers from the UAE and the world, GFMF has attracted over 1,600 delegates to network, exchange ideas and shape …
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Global Financial Markets Forum Discusses Opportunities From China’s Belt and Road Initiative
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, hosted a panel discussion to explore opportunities in China during the ninth Global Financial Markets Forum (GFMF), which concludes today.
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UAE Exchange, Kayan partner for ‘rise’ mobile app
Our aim is to bring financial inclusion and literacy to this unbanked population. With UAE Exchange, the region’s most trusted money transfer provider, as our remittance partner, we will add yet another great service for our customers,” said Milind …
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UAE’s FTA extends penalty exemptions period for late VAT registrants to April
“The FTA is actively contributing to achieving the long-term strategic objectives of the tax system,” said Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance. “The foremost goal is to promote economic diversification …
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UAE Exchange partners with Kayan Labs for rise mobile application, the world’s first migrant wealth management platform
To bring such workers under the financial realm, UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, has signed a MoU with Kayan Labs for exploring new channels to provide remittance facility through ‘rise …
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UAE finance professionals are the most stressed globally, report says
Finance professionals in the UAE are the most stressed in the world and could see their anxiety levels rise further in the next two years as they grapple with the new VAT regime and struggle to meet tight deadlines. Eight-three per cent of the chief …
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Outlook on lagging UAE indices still positive
The Dubai Financial Market General Index has shed more than 3.5 per cent so far in the year, after losing 6 per cent in 2017. The MSCI emerging market index has gained more than 4 per cent so far in the year after gaining 28 per cent in 2017.
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Deutsche Bank on hiring spree in Saudi Arabia, UAE
The Frankfurt-based bank plans to hire in Dubai and Abu Dhabi to cover sovereigns and large … we expect a good increase in deal volume coming to the regional markets this financial year.” International investor interest in Saudi Arabia remains high …
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UAE MoF throws spotlight on fintech at Finovate Middle East
Held in partnership with the UAE Ministry of Finance and showing off the latest products in action as well as boosting the UAE as an international hub for fintech, FinovateMiddleEast opened today (26 February) and runs for two days at the Madinat Jumeirah …
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UAE Ministry of Finance throws spotlight on fintech at Finovate Middle East
Dubai, UAE; 26 February 2018: More than 400 leaders in the industry of fintech have gathered in Dubai today to showcase innovation in their sector, highlighting the future of fintech for the global and regional markets. Held in partnership with the UAE …
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Dubai to Riyadh: A guide to the MidEast bank stocks tipped to gain
Expectations of higher margins on lending, cross-border deals and potential inclusion in global equity benchmarks are some of the reasons banks are rising to the top of the list for Middle East stock investors and analysts. “Banks is where we go …
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