Dubai: Shuaa Capital said on Monday it has acquired an 8 per cent stake in Kuwait-based Amwal International Investment for an undisclosed sum. Shuaa now owns 14.49 million shares in Amwal International. Furthermore Gulf Finance Corporation, a Shuaa Capital …
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Chinese companies move to Abu Dhabi industrial zone
Dubai International Financial Centre (DIFC), the leading financial hub for the $7.4 trillion Middle East, Africa and South Asia (Measa) region, has announced that in the first half of 2017 it has gro Abu Dhabi Ports inks agreement with Chinese to develop …
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Abu Dhabi Ports signs $300 million investment cooperation agreement with China for manufacturing in Khalifa Port Free Trade Zone
Under the terms of the agreement, China-UAE Industrial Capacity Cooperation Construction … creating over 1,400 jobs, broadening the financial and physical scope of the zone while bolstering its ties to the “Belt and Road” initiative.
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Sr. Manager – Learning & Development – Commercial Bank of Dubai – Dubai Jobs
• To drive professional execution of the learning and development plan, proactively partner with stakeholders to deliver on their learning needs and build the Bank’s capability to drive sustainable results, both in the short term and long term …
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Paysafecard enters UAE to enable online payments with cash
… technology innovation in line with its government’s Smart Dubai initiative to transform Dubai into the world’s smartest city, writes Paybefore (Banking Technology‘s sister publication). With Samsung, Apple and many other international technology …
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Two employees flee with Dh6.5m from Dubai currency exchange
The exchange centre was open on Monday and officials from the CID and Central Bank of the UAE were present to conduct their investigation. The officials examining the account details refrained from giving information about the case. A senior staff member …
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Paralegal – UAE Nationals – Commercial Bank of Dubai – Dubai Jobs
Assists the department in the legal cases planning, development, and management, legal research, gathers facts and retrieves information, drafts and analyses legal documents and collects, complies and utilizes technical information, to make recommendations …
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Mashreq launches MashreqPay banking wallet in the UAE
The advanced mobile wallet for Android phones, with unique market-first features and a best-in-class loyalty programme, is designed to work seamlessly at local and international merchant outlets. 1. UNLOCK & PAY: MashreqPay is easy to set up – any …
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Mashreqbank psc : Mashreq launches MashreqPay banking wallet in the UAE
Mashreq Bank, has announced the launch of MashreqPay – a digital mobile wallet providing secure easy-to-use payment for purchases, anywhere in the world where cards are accepted and the merchant terminal has NFC (near-field-communication) capability.
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Dubai Investments Real Estate signs AED 1.1 billion financing deal with FAB and ADCB
The deal was signed by Khalid Bin Kalban, Managing Director & CEO of Dubai Investments and Chairman of DIRC, André Sayegh, Deputy Group CEO of FAB, and Colin Fraser, Head of Wholesale Banking at ADCB. Commenting on the transaction, André Sayegh said …
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FAB Wealth Sentiment Index down 1.3pc in July
he First Abu Dhabi Bank (FAB) Wealth Sentiment Index (WSI) for the UAE has decreased slightly from 1054.52 in June, to 1040.66 in July 2017, reflecting a 1.3 per cent change. The July score reflects a range of factors, including a fall in inflation …
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Dubai Investments unit signs $299m loan deal
Dubai Investments Real Estate Company (DIRC) has signed a Dh1.1 billion ($299.47 million) financing deal with First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) for its Mirdif Hills development in Dubai, UAE. DIRC is the real estate …
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Clyde & Co. bolsters construction practice with Dubai partner hire
Heywood will be based in the firm’s Dubai office, making him the sixth specialist construction … international arbitration, finance & banking, projects and construction, real estate, regulatory and investigations, and technology.
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Race on for Uae’s ‘Workplace of the Year’ Award
National Bank of Fujairah and Gulftainer, which is also competing for the Health & Safety Initiative of the Year award along with HLG Contracting, Dubai Islamic Bank and Khidmah. “Having a wellness initiative is one thing, however securing the support of …
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Mideast funds more positive on equities
Dubai: Middle East fund managers have become more positive … and an absence of additional negative political events. The region’s banking sector is the top pick for one manager, who cited improving margins and “optimisation of funding costs …
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Gulf Petrochem Group closes US$150 million financing deal
Mr. Salah Mohammed Amin, Executive Vice President, Corporate Banking, Emirates NBD also added, “The positive response for this facility confirms the interest in key sectors in the UAE and the trust endorsed to Gulf Petrochem Group’s strong financial …
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How this Dubai salesman defrauded bank of Dh180,000
Dubai: A salesman has been jailed for six months for defrauding a bank of Dh180,000 in personal loan and credit card using forged papers within two months. The 39-year-old Pakistani salesman approached the local bank’s Sudanese sales representative and …
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