Thursday 26 April 2018

80pc of UAE residents recommend their bank: study

About 80.7 per cent of UAE residents would recommend their bank to others, while 76.4 per cent would recommend their car insurer to others, according to a survey conducted by yallacompare, a leading comparison site in the Middle East. The survey, conducted as part of the yallacom


DIEDC partners with Nasdaq Dubai to develop new initiatives

Dubai Islamic Economy Development Centre (DIEDC) has announced collaboration with Nasdaq Dubai to design and implement new initiatives that complement the emirate’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present


Emirates NBD chairman honours senior staff

Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Emirates NBD, a top bank in the region, recently recognised 60 employees who completed 25 years of continuous service at a ceremony held at the Emirates NBD headquarters in Dubai, UAE. Attended by members of Board and members of the


BENEFIT partners with BIBF for training programmes

The BENEFIT Company, Bahrain’s electronic network for financial transactions, has signed an agreement with the Bahrain Institute of Banking and Finance (BIBF), for training, qualifications and capacity-building programmes. The BENEFIT Company, Bahrain’s electronic net


UAE top wealth management location for HNWIs

The UAE’s tax efficient system and sustainable economic model make it the most attractive wealth management destination for High Net-Worth Individuals (HNWIs) in the GCC, said Emirates Investment Bank (EIBank) in a new report. The2018 edition of the bank’s annual &ldq


Al Salam Bank-Bahrain names Group CEO

Al Salam Bank-Bahrain (ASBB), one of the pioneering Shari’a-compliant banks in the Kingdom, has appointed Rafik Nayed as Group chief executive officer (CEO) of the bank following regulatory approvals. Chairman of the Board of Directors of ASBB Khaleefa Butti Bin Omair Al Mu


UBF action plan for 2018 approved at annual meet

The UAE Banks Federation (UBF) recently held its Annual General Assembly Meeting in Dubai, where the federation’s key activities and achievements in2017 as well as action plan for 2018 were reviewed and approved. AbdulAziz Al Ghurair, chairman of UAE Banks Federation, presi


Noor Bank lists $500m sukuk on Nasdaq Dubai

Nasdaq Dubai welcomed the listing today (April 24) of a $500 million sukuk by Noor Bank, a leading Sharia’a-compliant bank in the UAE. It is Noor Bank’s second Sukuk to be hosted by the region’s international exchange, following a previous $500 million listing i


Shuaa Capital completes acquisition of IS & IC

Shuaa Capital has completed its acquisition of Integrated Securities (IS) and Integrated Capital (IC), following final approval by the Emirates Securities and Commodities Authority and the Central Bank of the UAE. Shuaa’s current multi-pronged business strategy, which came


Belt and Road exchange to be set up at ADGM

Abu Dhabi Global Market (ADGM), the international financial centre of Abu Dhabi, UAE, and Shanghai Stock Exchange (SSE), China’s largest securities exchange, have entered into a memorandum of understanding (MoU) to co-operate on the establishment of a “Belt and Road” exchange

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