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Region’s Largest Open Banking Platform Launches In UAE

MENA Open Banking pioneers expand with new offices in Abu Dhabi and Dubai Tarabut Gateway, the MENA region’s first and largest regulated Open Banking...

Investors Cautiously Optimistic, FGB Wealth Sentiment Index

FGB, one of the leading banks in the UAE, has announced the first score of its Wealth Sentiment Index, which stands at 1017.41 for...

Emirates Securities Markets to implement DVP from April 28

The Emirates Securities and commodities Authority (SCA) has announced that stock markets in the UAE will start operating the Delivery Versus Payment (DVP) service...

UAE looks forward to direct debiting

According to sources from within the banking industry, a new federal direct debiting system has been introduced by the UAE Central Bank. Last week,...

Dubai Mercantile Exchange celebrates third anniversary

Daily trading up 130% since 2008 with new contracts planned for 2010 The Dubai Mercantile Exchange Limited (DME) marked its third anniversary...

Double taxation agreement between UAE and Saudi Arabia comes into effect

The agreement enhances integration and cooperation frameworks in tax matters, and consolidation of financial, economic and investment partnership between the two countries It...

United Arab Bank hosts Trade Finance Workshop for its Customers

United Arab Bank (UAB) hosted once again a Trade Finance Workshop for its corporate customers. Following the tremendous success of UAB’s previous workshop in...

Mutual Funds of ADCB and NBAD at its lowest

Once very profitable investment, mutual funds of UAE-based National Bank of Abu Dhabi (NBAD) and Abu Dhabi Commercial Bank (ADCB) are now a...

Capital Markets & Investment Banking Forum

Over 50 investment professionals and CFA charterholders yesterday attended the Annual Investment Banking forum hosted by CFA Emirates in Madinat Jumairah Majlis on corporate...

Regional Markets to Trade Sideways Short Term

US markets witnessed their month lows on Thursday and Friday as the new health care bill floundered and the Trump rally stumbled. Dow Jones...

Foreign investors purchase AED 1.117 billion worth of shares on DFM...

Dubai Financial Market announced today that the value of shares bought by foreign investors, or non-UAE nationals, during last week (17 August- 21...

Tamweel offers finance to overseas buyers; launches Home Refinance Programme

Non-residents Programme offers home finance to overseas buyers Home Refinance Programme to unlock value of fully paid properties Tamweel PJSC, the UAE Islamic home finance...

Strong Oil Prices Expected to Have a Positive Effect on Trading...

For the second week in a row, tech companies powered US markets’ with APPLE’s stellar earnings driving the markets to another set of all-time...

Dubai banking on support towards a stronger recovery

The increased domestic banking sector support to Dubai Inc has brought exposure to the public sector as percent of capital to the highest level...

Dubai to host two-day global summit of investment promotion agencies

Under the directives and patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai...

Central Bank postpones cheque rule implementation

Following publication of news items in some section of the press that all banks and other establishments have started accepting only machine readable cheques...

Oil Prices Recovery Expected to Impact Positively Domestic Markets

Global equities recorded one of their best weekly gains in two months, largely driven by stimulus measures and a surprise gain in US payrolls...

UAE Investors Invest US$16 Billion In Foreign Countries In 2016

The UAE International Investors Council, UAEIIC, today said that the UAE investors invested US$16 billion in foreign countries in 2016. The semi-government institution, which works...