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Banking & Finance

UAE Islamic banking to hit $263b by 2019
Sector outpaces growth of conventional banking
BankMed preps up to cater to regional needs
A Category 1-licenced entity at the Dubai International Financial Centre, or DIFC, is all set to consolidate and bring its expertise to the region, a top official of the bank said.
IBPC Sharjah elects officers
Serving his seventh term, Sudesh K. Aggarwal presided over the meeting .
Axis Bank launches premium personal banking
Jacob Ninan, GCC Head, Axis Bank said Axis Bank has been catering to its customers in UAE for the past eight years through its representative offices in Abu Dhabi and Dubai, besides operating as a category I branch in DIFC, Dubai.
FGB finalises sale of 45% stake in FGFS to IFG
Building on synergies, the completion of the transaction will improve IFG’s ability to provide a full range of bespoke capital market solutions to sophisticated investors based in the UAE.
Mashreq supports Art Dubai Modern 2015
This will be the second year that Mashreq has been associated with the leading international art fair having been the inaugural sponsor of Art Dubai Modern last year.
Peer-to-peer finance gains momentum
A panel discussion on this subject was recently held at Capital Club, Dubai’s premier private City Club and member of the Enshaa group of companies.
Bullish case for FGB and UNB
Valuations were frothy, the US dollar was on a rampage (a deflation shock to the local property markets) and crude oil is in a free-fall.
UAE central bank’s assets drop 2.1% in January; loans, advances rise
Total assets of the Central Bank of the UAE dropped by 2.1 per cent to Dh330.27 billion in January 2015.
AMF has key role in Arab nations’ cooperation
Al Tayer reviewed the AMF’s 2015-20 strategic plan, which aims to expand the AMF’s activities and initiatives.
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