Interesting News & Facts

  • Home loan demand rising in mid, high-range segments in India

       March 14, 2021     
    Magicbricks survey showed that nearly 38 percent of consumers want to take a home loan ranging between Rs30 lakh and Rs1 crore It confirmed that almost 38 in line with cent clients need to take a domestic loan ranging between Rs30 lakh and Rs1 crore. A total of around forty-six in step with cent of the patron preference is now inside the range of Rs30 lakh-Rs 1 crore and above
  • Emirates NBD approves 40% cash dividend to shareholders for 2021

       March 14, 2021     
    Emirates NBD chairman Sheikh Ahmed Bin Saeed Al Maktoum said 2020 was an unprecedented year Emirates NBD, a main banking group within the MENAT (Middle East, North Africa, and Turkey) vicinity, held its 14th General Assembly Meeting sincerely and authorized coins dividend of forty in step with cent to shareholders. Emirates NBD chairman Sheikh Ahmed Bin Saeed Al Maktoum stated
  • Dubai-listed bank waives loan fee of Covid vaccinated customers

       March 14, 2021     
    Al Salam Bank offers financing solutions with no administrative fees. Dubai-listed Bahraini lender Al Salam Bank is waiving loan expenses for customers vaccinated against Covid-19 in the contemporary nearby initiative aimed toward encouraging people to take the jab. Bahrain-based Al Salam Bank The Bahrain-based Al Salam Bank
  • 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     
    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 Andre Sayegh, who went through not exactly a year in the job. She is as of now agent bunch CEO
  • UAE urges banks to step up fight against terrorism financing, money laundering

       January 31, 2021     
    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 main Compliance Officers Forum to make a discourse between the CBUAE and Chief Compliance Officers, all things conside
  • 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     
    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 three times over-membership rate. FAB: Top-

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