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UAE, Saudi business confidence dips over VAT launch
Business confidence in the UAE and Saudi Arabia dipped ahead of the launch of VAT due to concerns over increased consumer costs, according to a new survey. The survey of global CFOs and finance professionals conducted by the Association of Chartered …
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Dubai Financial Market : UAE bourses to revive on upcoming financial results – Analysts
Dubai – Mubasher: Firms’ annual financial results and subsequent dividend distributions are likely to act as the main market-boosting catalyst to the UAE bourses’ liquidity. The Emirati banks’ financial results, which were announced over the past …
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UAE removed from EU uncooperative tax haven list
The UAE Ministry of Finance welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to—and will continue to do so—locally and …
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EU removes UAE from ‘’uncooperative tax havens’ list
The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally. Younis Haji Al …
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Commercial Bank International Appoints Zainal as Head of Retail Banking
Commercial Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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UAE demand for business loans up marginally in Q4
Demand for business loans in the UAE increased marginally in the fourth quarter of last year, mainly because of stronger demand in Dubai, while total demand for personal loans was flat, a central bank survey showed on Tuesday. The net balance measure for …
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Dubai bank acquires Amazon’s new logistics centre
Dubai investment bank Rasmala has acquired two logistics facilities in Germany for $185 million (€154 million), including Amazon’s major new logistics centre in Dortmund. The Amazon centre, which spans 88,000 sq.m, was acquired for $145 million.
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CBI appoints Zainal as head of retail banking
COMMERCIAL Bank International (CBI), a UAE bank headquartered in Dubai, announced the appointment of Shaker Zainal as the head of retail banking. A seasoned Emirati banking executive with almost 20 years of experience in retail banking across the Middle …
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Dubai Islamic Bank Wins ‘Fastest Growing Bank in the UAE’ by International Finance Magazine
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, was recognized as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards. The awards ceremony took place at the Jumeirah Emirates Towers, on January 18 …
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Dubai Islamic Economy Development Centre Enrols as Observer Member of Responsible Finance & Investment Foundation
The Dubai Islamic Economy Development Centre (DIEDC) has enrolled as an observer member of the Responsible Finance & Investment (RFI) Foundation, signalling the rising stature of Islamic finance among the world’s responsible finance systems. Under the …
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Iran’s financial sector faces asset quality risks and capital erosion
Dubai: Unstable public finances of Iran are slowly translating into deterioration in asset quality of banks besides causing capital erosion, according to the Institute of International Finance (IIF). “Continued public payment arrears, connected lending …
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UAE banks improve profitability on lower costs and higher margins
Dubai: ‘Cautious optimism’ and ‘resilience’ were the favourite phrases of UAE bankers and banking sector analysts in 2017. Early bank results show that, despite the economic challenges, most banks have been more than resilient. A few banks that …
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Associate Financial Planner UAE 2018
We are excited to announce the first batch of the Associate Financial Planner or AFP program in the UAE for 2018. The AFP’s schedule will be this March 3 & 10, 2018 in Dubai, UAE. This program is exclusive to Filipinos. Since 2013 the AFP has been …
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Dubai Islamic Bank said to issue $750m sukuk soon
Dubai Islamic Bank, the largest sharia-compliant bank in the United Arab Emirates, is expected to issue as soon as next week a US dollar-denominated Islamic bond in the region of $750 million, sources familiar with the matter said. The bank, which this …
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Undersecretaries of Ministries of Finance discuss economic reforms in Arab countries
… energy subsidy reform which has a short-term and low impact on the consumer and has long-term benefits for the UAE. The Ministry of Finance continuously seeks new sources of revenues and diversifying income by enhancing the efficiency of public …
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Dubai Islamic 2017 net up 11pc to $1.22bn
Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE, has posted net profits of Dh4.504 billion ($1.22 billion) in 2017, up 11 per cent compared to Dh4.050 billion ($1.22 billion) for 2016. Total income increased …
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