Tuesday 22 August 2017

UAE listed insurance firms post $208m profit in H1

Net profits of 28 insurance companies listed at Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) surged 34.2 per cent during the first half (H1) of the year to Dh764 million ($208 million) against Dh569 million during H1 2016. Market analysts attributed the re


Qatar economy growth slowest since 1995: report

Qatar’s economy will grow this year at the slowest pace since 1995, according to international economists, as the impact of the Arab boycott is felt on trade and investor confidence, a report said. Gross domestic product will grow 2.5 per cent in 2017 and 3.2 per cent next


Amana Capital launches education portal

Amana Capital, a provider of brokerage services in international financial markets, has launched a global educational and research portal in line with its plans to expand in Asia and Europe. Building on the success of its former Arabic research and educational portal, Souqelmal.c


UAE Central Bank deposits top $33 billion in H1

The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said. On a month-over-month basis, the deposits increased


Nucleus to showcase fintech at banking summit

Nucleus Software, a leading provider banking solutions, will showcase digital lending and advanced analytics at the upcoming Middle East Banking Innovation Summit 2017 in Dubai, UAE. Nucleus is participating as a gold sponsor at the event which will be held September 18-19 at Sof


Ajman DED completes automation drive

The Department of Economic Development – Ajman (DED-Ajman) in the UAE recently completed its Unified Automation Platform initiative, resulting in automation of its administrative and customer services. The initiative is part of Ajman's Digital Transformation Plan 2017 -


Telr welcomes new senior leadership team

Telr, a leading online payment solution provider in the region has appointed Wisam Fadel as chief technology officer (CTO) and Pretam Raikar, as head of Sales for Telr in the UAE. The new leadership team will play a critical role in supporting Telr’s continual growth strate


ADGM launches platform for financial planning

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched the first of its kind Foundations regime in support of more effective structures for wealth preservation and wealth management. The ADGM Foundations regime provides a strategic platform


ENBD enables instant accounts for new salaried staff

Emirates NBD (ENBD), a leading bank in the region, has launched its ‘Advance Account’ facility, which will enable employees of the bank’s payroll customers who are new to the UAE to receive their account number on the first day of employment. The bank is current


$205bn worth of cheques handled in H1: UAE cbank

A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the first half of the year, UAE Central Bank was quoted as saying in a media report. Bounced cheques since January through the end of June are valued at Dh33.9

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