The award acknowledges DED-DIB Consumer Card’s incredible success and cements the bank’s leading position in the Financial Sector The Department of Economic Development (DED) in Dubai, and Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE …
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Dubai Islamic Bank : Visa recognises DED and DIB’s first government co-branded consumer card
The Department of Economic Development (DED) in Dubai, and Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, announced today Visa’s recognition for their co-branded Consumer Card and for it being the first government co-branded consumer card …
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FAB Launches ‘Payit, UAE’s First Fully-featured Digital Wallet
In support of the UAE’s goal to become a cashless economy, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched ‘payit’, the country’s first fully-featured digital wallet.
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UAE Minister of Finance Sheikh Hamdan Bin Rashid Al Maktoum Opens Gulfood 2018
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, today opened Gulfood 2018, the 23 rd edition of the world’s largest annual food and beverage trade show at Dubai World Trade Centre (DWTC). Spread across …
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Dubai expat returns from vacation, finds Dh1.3m missing from bank account
A 75-year-old Kuwaiti bank customer said he came back to the UAE from a trip on January 14, 2017 to find that his mobile line had been disconnected and that his bank account balance had been emptied, prompting him to file a criminal complaint. Public …
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Qatar National Bank to sell small stake in Egypt unit to comply with listing rules
DUBAI/CAIRO (Reuters) – Qatar National Bank (QNB), the Middle East’s largest lender by assets, said it will sell a 2 percent stake in its Egyptian unit QNB Alahly to comply with Cairo listing rules. A QNB spokesman said the bank had no current plans to …
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The Dutch road to a greener UAE
THE UAE is not new to innovations. From AI-assisted banking agents to solar-powered roof tops and health apps, the country is utilising the latest technological boom to its advantage in many sectors. Moreover, in just two years, the country will witness a …
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Dubai Islamic Bank : DHA, DIB sign MoU to support cancer, mental health patients
DUBAI, 18th February, 2018 (WAM) — The Dubai Health Authority, DHA, today signed a Memorandum of Understanding, MoU, with the Dubai Islamic Bank, DIB, to support patients suffering from cancer and psychological disorders financially to get the treatment …
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Nasdaq Dubai launches Abu Dhabi, Dubai equity index futures
The Nasdaq Dubai exchange launched equity index futures on Sunday for the main indexes of Dubai Financial Market and the Abu Dhabi Securities Exchange, a top official said. The new instruments could help to attract fresh money to the exchanges by giving …
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Dubai Financial Market : UAE bourses to recover after annual results disclosed – Analysts
Dubai – Mubasher:UAE bourses are forecast to recover and rise this week after the period for disclosing financial results has ended, analysts told Mubasher early Sunday, noting that financial institutions will be looking to increase their positions in …
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Chelsea FC owner invests in Dubai-based firm’s ICO
The proposed Initial Coin Offering (ICO) from Dubai-based social media platform Telegram has, according to Russian business daily Vedomosti, attracted a slew of prominent Russian investors – including Mikhail Fridman, Alisher Usmanov and Chelsea FC owner …
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Dubai Investments unit to lead Emicool IPO
Dubai Investments has named an entity to lead the initial public offering (IPO) of Emirates District Cooling (Emicool). Al Mal Capital, a financial institution that is one of Dubai Investments’ wholly owned subsidiaries, will be the lead manager for the …
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Negligence case against Deloitte and Touche allowed to proceed rules Dubai courts
A Dubai Court will proceed to examine the role of Deloitte and Touche (Middle East) in the collapse of Lebanese Canadian Bank (LCB) in light of charges brought against it by the US Drug Enforcement Administration and the US Treasury. In a landmark decision …
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Dubai Islamic Bank : $340m financing for Dubai Outlet Mall expansion secured
UAE-based conglomerate Al Ahli Holding Group announced that it has secured an Islamic club financing facility worth $340m (AED1.25bn) for the expansion of Dubai Outlet Mall. Scheduled to open in the fourth quarter of 2019, the mall expansion will see 279 …
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Riding the IPO bullrun
“In the UAE, prospective companies looking to IPO will look at the market conditions; if regional markets are on an upswing and sentiment is positive then we could see a rush of IPOs. However, as happened a few years ago, if markets falter and sentiment …
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UAE to take more manpower from Bangladesh: Mannan
I think if UAE recruits Bangladeshi workers more in the coming days, it would be beneficial for both the countries,” State Minister for Finance and Planning MA Mannan informed, reports BSS. Mannan attended the two-day 4th Bangladesh-UAE Joint Commission …
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Dubai Investments to IPO at least 30 per cent of Emicool
Dubai Investments, a diversified company in which sovereign wealth fund Investment Corporation of Dubai has an 11.54 per cent stake, plans to float at least 30 per cent of its district cooling unit Emicool by the end of 2018 on the Dubai Financial Market …
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