UAE’s largest bank says nine-month net profit tops $2bn

The UAE’s largest bank, created from the merger of National Bank of Abu Dhabi and First Gulf Bank, has reported more than AED8 billion ($2.18 billion) in net profit for the first nine months of 2017 First Abu Dhabi Bank (FAB) secured AED8.09 billion in ... ( read original story ...)

First treatment unit for adolescent addicts in Abu Dhabi soon

Abu Dhabi: Within the next six months ... head of psychiatry at the NRC, told Gulf News. “The hope is that rehabilitation programmes for youth will also reduce the number of young adults suffering from substance abuse disorders. After all, 47 per ... ( read original story ...)

Dubai property sits on shifting sands

Even by the level of conspicuous consumption prevalent in Dubai’s fitful property market, apartments at the Royal Atlantis stand out. Together with the 795-room hotel that will share the building, the 231 top-end homes currently under construction on the ... ( read original story ...) Brings Apple Pay to its Customers in the UAE bringing-apple-pay-uae-touch-id-payments-apps-websites/ Here at Fintech Finance, we work with renowned executives in the industry to provide key decision-makers globally within leading financial services organizations with ... ( read original story ...)

Dubai kicks off ‘A Day without Service Centres’

Dubai: Government service centers across Dubai are closed today ... using the kiosk instead of going to the counter,” the 43-year-old from Egypt told Gulf News. Some transactions that require physical appearance have remained open for people. ( read original story ...)

Barriers still holding back growth of Islamic finance – Fitch

The ratings agency said greater harmonisation of sharia codification within and between jurisdictions is often cited as a limiting factor if Islamic finance is to gain wider acceptance among regional and international investors. Dubai, through its Islamic ... ( read original story ...)

UAE central bank says removes more excess liquidity

The central bank of the UAE removed liquidity for the third straight month as an increase in deposits amid signs of economic improvement bolsters the banking industry. It withdrew Dh12.3 billion in September, Dh3.1bn in August and Dh8.2bn in July, the ... ( read original story ...)