Dubai is trying to figure out how to handle all the money
Dubai in recent years has looked to the likes of Singapore and Hong Kong as inspiration for its own financial…
Comment & Analysis
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The future of the UAE will not come through oil
The inaugural Mohammed bin Zayed Majlis for Future Generations was held last week – and far from being a pleasant…
Basel III, higher local capital requirements to increase banks’costs
The recent central bank decision to increase local capital requirements of UAE banks related to the Basel III regulations are…
Iran approves attraction of $10 billion of foreign investment
Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture announced that attraction of $10 billion of foreign investment to…
‘Ready-built factories’ to boost SME sector
HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani yesterday inaugurated a project at the…
Demand rises for education in Islamic finance
Jeroen Tap, an energy contracts manager for the Benelux region at Dow Chemicals, acknowledges that he is among the “less…
UAE banks to take Basel capital rules in stride
UAE banks are mostly well placed to meet new local capital requirements related to the global Basel III regulatory framework,…
UNB expects better growth for banking sector this year
The banking sector is expected to grow around five to 10 per cent this year amid signs of steady economic…
Banks can charge basic fees to keep an account active
Some time ago, I opened an account with a foreign bank via its Dubai branch. I don’t have any loans…
Vipera Signs Deal With Al Masraf For Banking, Payments Software Motif
Vipera PLC has signed a deal with the Arab Bank for Investment & Foreign Trade to provide the bank with…
Maldives denies sale of islands to Saudi
The Maldives government on Wednesday denied it was selling a cluster of small islands to Saudi Arabia, following opposition protests…
Number of UAE billionaires on the rise
The UAE is now one of the billionaire capitals of the world, according to a new research. The Hurun…