UAE banking customers prefer making transactions via mobile banking channels rather than dealing with an adviser by phone, a new survey has revealed. About 61 per cent of UAE consumers said they preferred their bank’s website or mobile app to make a …
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Mashreq Bank Wins 2016 WfMC Global Awards for Excellence in Business Process Management
DUBAI & WESTBOROUGH, Mass.–(BUSINESS WIRE)–Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, today announced that Mashreq Bank, UAE’s leading financial …
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UAE banker sues Dubai hotel for $13.6m over ‘bloodied bandage’ in meal – report
… reportedly suing a hotel in Dubai for Dhs50m ($13.6m) in compensation after finding a ‘bloodied bandage’ in his meal during a business dinner. The discovery was made during a VIP meal with the country’s top banking officials, according to Gulf News.
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Axis Bank Raises $500 Million From Bonds
The bank has issued senior fixed rate bonds aggregating to $500 million under the Medium Term Note (MTN) Programme through its Dubai International Financial Centre (DIFC) branch, Axis Bank said in a regulatory filing. The notes will be listed at the …
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New bond issue: Axis Bank (Dubai branch) issued international bonds for USD 500.0m maturing in 2022 with a 3% coupon.
Issue Managers Bookrunner: Axis Bank, BNP Paribas, Citigroup, Credit Agricole CIB, HSBC, JP Morgan, Bank of America Merrill Lynch, Mitsubishi UFJ Financial Group, Standard Chartered Bank Depository: Euroclear Bank, Clearstream Banking S.A.
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How to recover from a job loss
Publicly available data reveals that 1,500 jobs have been cut in the UAE banking sector since the beginning of 2016 alone, and market uncertainty has led to redundancies in other sectors like oil and gas, construction, tourism and retail.” But just how …
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Enoc gets $500 million credit facility to fund local operations
be able to cater to 60 per cent of Dubai airports’ combined need in 2050. The revolving credit facility, which typically has a higher interest rate than standard loans, will be funded by Emirates NBD, ABN Amro, DBS Bank, Gulf International Bank …
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5 key points of the new UAE tax procedures law
guidelines and regulations for UAE companies according to the statement released by the UAE Ministry of Finance. Tax Agents will also be required to register with the FTA and no one will be permitted to practice the profession if one is not enrolled in the …
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Afkar signs Union Brokerage Company
UAETF offers single security like exposure to one of the world’s premier financial and commercial hubs by investing in three UAE markets: the Dubai Financial Market, the Abu Dhabi Exchange and NASDAQ Dubai. The addition of a new authorised participant …
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Big boost to SMEs
The regulatory framework meant to help SMEs gain easy access to financing by creating an innovation-friendly ecosystem was launched by the Dubai Financial services Authority (DFSA) in line with the United Arab Emirates Government’s National Innovation …
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Political risk and technology are front of mind for global business executives: A.T. Kearney 2017 Views from the C-Suite
UAE. Global executives expect economic and financial volatility to be higher over the next 12 months than it was in the past year, according to the 2017 report “Views from the C-Suite” published by A.T. Kearney’s Global Business Policy Council.
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UAE customers prefer digital-first approach to banking services
Dubai: Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya, a global communications company. The findings reveal that customers …
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UAE Customers Prefer Digital-First Approach to Banking Services, Reveals Avaya Survey
Consumers in the UAE increasingly want to be able to resolve their basic banking issues without having to speak to a bank adviser by phone, according to a new survey from Avaya. The findings reveal that customers’ most preferred channel for accessing …
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Avaya: UAE customers opt for digital approach to banking
A recently released study produced by Avaya and YouGov found that the bulk of UAE customers preferred to utilise digital self-service channels to access banking services, particularly through the use of a mobile app. The Customer Experience in Banking …
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Fitch: Improving liquidity in UAE banking sector should benefit profitability metrics
Liquidity and funding pressures eased in the banking sector in 1H17 due to lower lending growth and increased government deposits in the banking system. Improved liquidity is helping to ease bank margins. Asset-quality metrics remain under pressure …
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Dubai launches regulatory framework for crowdfunding platforms
Data provided by the Khalifa Fund shows that approximately 50-70 per cent of SMEs have had their applications for funding from conventional banks rejected and loans to SMEs account for just 4 per cent of outstanding bank credit in the UAE, significantly …
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Dubai Q2 earnings estimates
COMMERCIAL BANK OF DUBAI – Following are second-quarter net profit estimates for Commerical Bank of Dubai in millions of dirhams. Q2 2017 %change EFG Hermes 255.00 4.07% ARQAAM Capital 222.00 -9.39% Commerical Bank of Dubai reported a net profit of 245.02 …
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