Property lending beyond 20% at banks’ own risk: UAE Central Bank Governor
Banks in the UAE looking to property lend above the 20 per cent cap must first look at the risks…
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Dubai Chamber, First Abu Dhabi Bank sign MoU on digital trade
Dubai Chamber of Commerce and Industry has signed a memorandum of understanding (MoU) with First Abu Dhabi Bank (FAB), the…
Al Baraka Banking Group's net income reaches $132million in the first nine months of 2019
Al Baraka Banking Group BSC has achieved a net income attributable to shareholders of US$ 84 million during the first…
Sharjah real estate transactions in Q-3 of the year 2019: report
Real estate transactions have recorded AED 4.2 billion AED in the Emirate of Sharjah in the third quarter of 2019,…
Gov’t to Establish Committee to Review Foreign Investments
The Cabinet has established a new committee that will vet all foreign investments in Israel. The decision to establish…
Regulatory push is transforming workplace saving plans in the UAE
75% of companies do not set aside ‘ring fenced' assets to cover their EoSB liabilities and make these payments from…
Qatar Wealth Fund Buys St. Regis Hotel That Invented Bloody Mary
Marriott International Inc. has sold the St. Regis New York for $310 million to Qatar’s sovereign wealth fund, offloading a…
Bahrain set to vote on pension law amendments under Islamic Banking rules
Bahrain MPs are set to vote on three amendments to the existing pension laws that would allow workers to replace…
KAMCO reports KWD18.23 million revenues, with fees & commission representing 71.4%
KAMCO Investment Company has announced its financial results for the nine months period ended September 30th, 2019 reporting a net…
'Living laboratory': New Dubai city pushes for green revolution in the desert
Fenced off by a wall of trees, about 20km from the high rises towering over Dubai's city centre, there lies…
UAE Central Bank to roll out FinTech office to develop countrywide ecosystem
The Central Bank of the UAE is setting up a dedicated FinTech office to develop countrywide regulations for financial technology…
International law firm appoints Head of Middle East
International law firm Pinsent Masons has appointed Catherine Workman as Head of Middle East. Catherine has been with the…