Expatriates in UAE elated over planned pension funds
Dubai resident Erum Mustafa, a 45-year-old single woman, is pleased to know that the Federal Authority for Government Human Resources…
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Emirates posts $631m profit, awards $136 million dividend
Emirates Group has released its 2018-19 annual report, posting a profit of $631 million for the financial year ended 31st…
UAE central bank injects $2bn as bank deposits drop
The Central Bank of the United Arab Emirates in March injected AED7.3 billion ($1.98 billion) in cash to the financial…
New system to boost UAE finance sectors's integrity
The Central Bank of the UAE has developed a Persona Non Grata System in order to restrict persons with questionable…
Almost two-thirds of GCC expats don't seek financial advice in first two years: research
Only 37% of expats living in the Gulf seek and receive financial advice within their first two years living in…
Aim for full financial inclusion in the Middle East
It was in 2016 that the Council of Arab Central Banks declared April 27 as the ‘Arab Day of Financial…
NBK Capital advises VIVA on acquisition of 100% of the capital of QualityNet
NBK Capital has announced that it has successfully advised VIVA on its acquisition of 100 percent of the capital of…
UAE national banks lend $3.6bn to businesses in Q1
UAE national banks provided Dh13.3 billion ($3.6 billion) in loans in the first quarter (Q1) of the year to the…
Burgan Bank reports net income of KD 19.2m for first quarter of 2019
Burgan Bank Group has announced its financial results for the first quarter of 2019. Beginning this year, Burgan has…
Buying distressed properties in UAE: What you need to know
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets,…
CBK sends cautionary note to some auditors
The Central Bank of Kuwait has sent a cautionary note to some auditors, stressing that they should adhere to the…
BitOasis Ready to Become First Licensed Middle Eastern Bitcoin Exchange
BitOasis is set to become the first regulated bitcoin exchange in the entire Arab world following preliminary approval from regulators…