Interesting News & Facts

  • Emirates NBD posts Dh7b net profit, income surges despite challenging environment

       January 31, 2021     
    Bank expects real GDP growth for 2021 to recover to 3.0 percent in Dubai. Dubai's biggest bank, Emirates NBD, declared on Wednesday a net benefit of Dh7 billion for 2020 as its complete pay flooded 4.0 percent to Dh23.2 billion notwithstanding a difficult working climate. The financial gathering said its net benefit declined 52
  • UAE's largest bank names first woman CEO

       January 31, 2021     
    Hana Al Rostamani appointed as group chief executive officer of FAB. First Abu Dhabi Bank selected Hana Al Rostamani as gathering CEO, elevating a lady to the top administrative role. Al Rostamani, right now the director of FAB Private Bank Suisse, will be the main female CEO of the $44 billion moneylenders and takes over from
  • UAE urges banks to step up fight against terrorism financing, money laundering

       January 31, 2021     
    The CBUAE introduced the supervisory agenda of the bank's Anti-Money Laundering Department. Monetary foundations in the UAE were encouraged to zero in on combatting tax evasion and financing for psychological oppression in a gathering went to by consistent officials from all banks. The Central Bank of the UAE (CBUAE) held the m
  • Dubai firms must list first on local bourses before listing abroad

       January 31, 2021     
    Foreign companies established and licensed outside the country with branches, assets, and activities in Dubai can also list their shares in local markets as either a primary or secondary listing Dubai has given new rules for the posting of neighborhood organizations, requesting that they list sell shares first in the nearby securities exchange and prior to going f
  • Worst is over for Dubai real estate market

       January 31, 2021     
    Dubai land area looks set to arrange a savvy recuperation this year because of rapid monetary recuperation, spending on framework improvement, development in exchange, and the travel industry areas from the Abraham Accords, specialists say. Alluding to most recent information, land engineers, chiefs and investigators said fin
  • What does Covid-19 mean for Banks in the UAE?

       January 24, 2021     
    Will there be a monetary accident? It is safe to say that we will see a downturn? Is my cash safe? How would I stay aware of my funds and installments? The world we are all together living in is making vulnerability in all parts of existence with the two people and organizations are properly posing inquiries of banks during the Covid world we are on the whole living in. We shoul
  • UAE's Largest Bank Issues $500m sukuk, first globally in 2021

       January 24, 2021     
    First Abu Dhabi Bank (FAB), the UAE's biggest bank, on Monday, declared it has given the first Sukuk universally in 2021. The bank said it has given the least actually yield on any five-year MENA bank US dollar issuance with its $500 million Sukuk. Given through FAB Sukuk Company Limited, the contribution pulled in an all-out request book of about $1.5 billion which speaks to a
  • Pandemic Squeezes UAE Bank Results — But it could be worse

       January 24, 2021     
    An advance delay program and broad national bank uphold have upheld profit at the United Arab Emirate`s Top Banks, albeit net revenue edges slid and weaknesses will probably increment as reimburs3ement occasions end. In Octo
  • Dubai: First Doses of Pfizer Vaccine to be Rescheduled

       January 24, 2021     
    Dubai: The Dubai Health Authority (DHA) on Saturday declared it is attempting to reschedule the arrangements of the primary portion of the Pfizer - BioNTech immunization. This is because of the maker undertaking development of its antibody creation, which has infl
  • Dubai announces new Covid safety rules: Full list

       January 24, 2021     
    Dubai specialists fix rules to keep inhabitants, travelers protected from the Covid. Here is all you require to know: Experts in Dubai have given numerous new Covid-19 wellbeing measures to shield inhabitants and sightseers from the Covid. Assessors from administrative bodies like the Dubai Economy, Dubai Mu

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