New products, standards buoy Islamic trade finance business
Islamic trade finance is poised for change with the launch of new products and common standards as Islamic banks look…
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UAE advisers may be next for a cold-calling ban
Responding to news that real estate agents are now prohibited from cold calling or risk a AED50,000 ($13,613, €11,709, £10,436)…
Egypts parliament passes 11 billion sovereign wealth fund
Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds ($11 billion), the state…
Is your retirement package guaranteed in the UAE?
Financial experts have called for new legislation making it compulsory for employers to set capital aside, separate from company assets,…
AXA acquires Islamic reinsurer Emirates Re
AXA Group's specialist run-off acquirer and manager has acquired a majority stake in Emirates Re. Emirates Re, an Islamic…
Cost of living in UAE drops as rents fall
The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents,…
Arabian Business Podcast: The future of cryptocurrencies in the UAE
Blockchain technology will soon transform business operations in several sectors, while initial coin offerings (ICOs) are currently “nothing more than…
NBF posts Dh310.2m first half net profits
National Bank of Fujairah on Tuesday reported a net profit of Dh310.2 million for the first half of 2018, up…
Bahrain bond rally over as Gulf bailout remains unclear
Bondholders’ relief over a Gulf pledge to prop up Bahrain’s struggling economy has given way to anxiety now that three…
Time to buy: The basics of financing your property
Dubai is one of the most exciting cities in the world, and although house prices are down since the peak…
Saudi’s Riyad Bank posts 25% second quarter profit rise
Riyad Bank, Saudi Arabia’s fourth-largest lender by assets, posted a 25.2 per cent rise in second-quarter net profit on Tuesday,…
FAB Brings Dubai First Business Into Its Personal Banking Group
First Abu Dhabi Bank, the UAE’s largest bank, and one of the world’s largest and safest financial institutions, has announced…