Dubai, 22 January 2019:   Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently handed over the AED 1 million cash prize for its monthly Kunooz Savings Account draw to the lucky winner, Ms. Armaz Abdullah Fadel Mohamed, a citizen of St. Kitts-Nevis-Anguilla. Commenting on her win, Ms. Armaz Abdullah ......Read More

Annual State of Financial Services Report “Time to Start Again” Released at Davos   Dubai, United Arab Emirates, January 22, 2019 –   The next big wave of innovation in financial services will be driven by incumbents starting with a blank canvas, according to Oliver Wyman’s 2019 State of Financial Services report titled “Time to Start Again” launched today at the World Economic Forum Annual Global Meeting in Davos.   The report describes an emerging new approach – “Greenfield” – where existing firms break free from the constraints of their legacy systems, business and talent models. It is based on ......Read More

Dubai, 21 January 2019:   Emirates NBD, a leading banking group and a pioneer in private sector volunteering in the UAE, is calling on citizens and residents to ‘give in to giving’ by sharing videos of themselves giving to friends, family or community members.   Inspired by the UAE’s Year of Tolerance, which will promote philanthropic behaviour across the country throughout 2019, Emirates NBD aims to persuade UAE citizens and residents to invest in their community by giving their skills and time to worthwhile causes. The bank is encouraging UAE residents to film themselves engaged in simple acts of giving, such as helping a neighbour or colleague, ......Read More

Dubai, UAE- January 21,2019:   Barclays has released its Q1 2019 “Compass” report, which examines major asset classes globally, and provides tactical recommendations on portfolio asset allocations. The report outlines that carefully calibrated risks can help investors steady their ships after a turbulent 2018. In particular, ......Read More

Trade Bank of Iraq awarded the ‘Best Retail Bank’ and ‘Best Priority Bank’ in Iraq in 2018 Dubai, United Arab Emirates, January 20, 2019:   Trade Bank of Iraq’s (TBI) has been recognised for their outstanding performance and service, taking home two awards at the International Finance Awards 2018. London based ‘International Finance’ magazine rewarded TBI’s continued commitment towards providing modern banking services in Iraq, presenting the ‘Best Retail Bank’ and ‘Best Priority Bank’ awards during a special ceremony held at the Jumeirah Emirates Towers in Dubai. Faisal Al Haimus, Chairman & ......Read More

Dubai, UAE, January 17, 2019:  The Board of Directors of the Central Bank of the UAE, held its first meeting for 2019 following its restructuring, on 14th January 2019, at the Central Bank Head Office – Abu Dhabi, under the chairmanship of H.E. Hareb Masood Al Darmaki, the Chairman of the Board. The meeting was attended by H.E. ......Read More

Dubai, UAE, January 16, 2019:  In an official statement, released to the media, Al Habtoor Group announced its wish to clarify that the Group and all its divisions, including Habtoor Hospitality (AKA Habtoor Hotels) have no link or relationship of any kind with Al Habtoor Trading Enterprises (HTE) and its owner Rashid Al Habtoor.   This is following news released in major Indian and Middle Eastern media about a potential acquisition of the Leela Group of Hotels in India (Hotel Leela venture) by Rashid Al Habtoor, founder and owner of Al Habtoor Trading Enterprises.   A spokesperson for Al Habtoor Group said: “We feel obligated to clarify that Al Habtoor ......Read More

Dubai, UAE, January 16, 2019: We are [/ the Central Bank is] committed to supporting the UAE’s Green Agenda 2015 – 2030 and the National Climate Change Plan 2017 – 2050 as well as helping the UAE to meet the United Nations Sustainable Development Goals and the climate change objectives of the Paris Climate accord.  To do this we need to create a financing ecosystem in the UAE that is geared towards not only improving economic efficiency and prosperity but also contributes to the protection of our ecological systems; this in turn will enhance social well-being and create lasting benefit for the people of the UAE (and the world).  Making sustainable ......Read More

Dubai, UAE, January 16, 2019:  Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, announced Donson Michael from India as the winner of the ‘Dream Home’ grand prize of Al Ansari Exchange’s Winter Promotion 2018. The draw, which was streamed live on the company’s social media ......Read More

Abu Dhabi, UAE, January 14, 2019:  Citi UAE announced the opening of its Citigold Lounge in Abu Dhabi designed to provide enhanced professional wealth management services across the UAE. The centre was inaugurated at a ribbon cutting ceremony attended by: Gonzalo Luchetti, Citi EMEA and Asia Head of Consumer Banking; Elissar Farah ......Read More

Dubai, UAE, January 13, 2019:  Alawwal bank has partnered with leading global tech firm Reaktor to train its entire workforce on the basics of artificial intelligence (AI). Through the AI training, Alawwal bank hopes to lead the region’s financial services industry in adopting a technology estimated to contribute $320bn (11%) to the ......Read More

By Ole Hansen, Head of Commodity Strategy at Saxo Bank Dubai, UAE, January 13, 2019:  The early January recovery across key commodities extended into a second week with the Bloomberg Commodity index rallying by more than 4% since touching a near three-year low on the first trading day of year.  From an historical perspective we ......Read More

Dubai, UAE, January 08, 2019:  Central Bank of the UAE announced that it will be issuing a commemorative silver coin and a commemorative one Dirham coin, on the occasion of hosting the Asian Cup - UAE 2019, with effect from Wednesday 09/01/2019.   First: The Commemorative Silver Coin:-   Following are the general ......Read More

Dubai, UAE, January 07, 2019:  After 25 years of professional service in the region, Morison Menon has made a strategic alignment with the 12th top global accounting network Kreston International. Announcing this progression to Kreston Menon in a press conference, Raju Menon, Chairman and Managing Partner, Kreston Menon said that with ......Read More

Dubai, 05 January 2019:   Dubai Investments PJSC has announced that work on the AED 460 million Fujairah Business Centre project, developed by its joint venture entity Al Taif Investment, is 20.5% complete and on track to finish in June 2020, well ahead of its scheduled completion date of Q4 2020. The joint venture between Al Taif ......Read More

Visa on board as the official partner and key sponsor for Dubai Shopping Festival for the 24th consecutive year Cardholders can take advantage of exclusive discounts and spend offers for hotel stays, retail, dining, entertainment, and more, through promotions with Jumeirah Hotels & Resorts, Dubai Pass, Majid Al Futtaim Leisure and Entertainment, and Meraas Dubai, UAE; 30 December 2018:   Visa (NYSE:V), the world leader in digital payments, renewed its sponsorship of the Dubai Shopping Festival (DSF) for the twenty-fourth consecutive year. This year again, Visa brings many exciting deals for its domestic and international cardholders to help them find their escape ......Read More

Dubai, December 27, 2018:   A delegation of 16 senior Chinese business executives attended a workshop entitled “UAE Investment Landscape” to explore investment potential in the UAE recently. The group included CEOs, CFOs, Vice Presidents and Senior Managers from the China State Construction Engineering Corporation (CSCEC), ......Read More

Sharjah - 25 December 2018:  The Sharjah Chamber of Commerce and Industry (SCCI) has organized a workshop entitled "Strategic Planning and the Balanced Scorecard for Leaders and Decision-makers," which reviewed the chamber’s new strategic goals, the Balanced Scorecard system, and the initiatives and activities that are related to the chamber’s operational plans for the year 2019. The workshop, which was held Today (Tuesday) at the chamber’s headquarters, was attended by HE Mohamed Ahmed Amin, Acting Director-General of the SCCI; and the heads of the departments at the SCCI, as well as a large number of employees at the chamber. HE Mohamed Ahmed Amin, ......Read More

Dubai, UAE, December 24, 2018:  Trade Bank of Iraq (TBI) officials met with Douglas A. Silliman, the United States Ambassador to the Republic of Iraq, and a delegation of American companies at a conference hosted by the U.S. Chamber of Commerce held recently at the Babylon Warwick Hotel in Baghdad.   The meeting delegates discussed ......Read More

Celebrates 10 years of growing customer base as Takaful insurance gains ground in the country Closed the year with eight awards for ethical product excellency and customized services Dubai, UAE; December 23, 2018:   Noor Takaful - amongst the first Takaful insurance companies to be established in the UAE - has reported significant double-digit percentage profit growth for 2018 even as early next year it crosses a significant milestone of celebrating 10 years of increasing customer base. With close to 300,000 members, Noor Takaful, a sister company of Noor Bank, provides ethical, Sharia'a compliant, innovative, unique and comprehensive Takaful (Islamic insurance) ......Read More