UAE withdraws Dh11.7bn excess cash from the market
ABU DHABI 25 September 2018: The Central Bank of UAE withdrew Dh11.7 billion out of excess liquidity in the market during August after it met the market needs for cash in July, during which a […]
Money
How many billions did UAE expats remit in first half?
ABU DHABI 20 September 2018: Expats remittances from the UAE amounted to Dh88 billion during the first half of 2018, a growth of 13.1 per cent from Dh77.8 billion during the same period last year. […]
Shariah control of Islamic financial firms coming
ABU DHABI 18 September 2018: The Higher Shariah Authority (HSA) for financial and banking activities in the UAE has discussed a draft framework for Sharia governance which examines the structure of Shariah Control at Islamic financial institutions. […]
Savings: Expats jeopardising as much as Dh330,500
DUBAI 9 September 2018: A lack of savings, poor financial discipline and no long-term plans are among the biggest worries facing expatriates in the UAE, according to experts at Guardian Wealth Management. Despite earning higher […]
Now you can ‘will’ your Dubai business to heirs
DUBAI 11 September 2018: To help companies take advantage of new rules on foreign ownership set to take effect in 2019, DIFC Wills Service Centre (WSC), has launched the ‘Business Owners Will’, giving owners and […]
UAE Exchange is now ‘Unimoni’ In Australia
SYDNEY, Australia 11 September 2018: UAE Exchange has announced the rebranding of its Australia operations as ‘Unimoni’. The announcement comes as part of the brand’s global rebranding exercise across Apac (Americas and EMEA markets), and […]
Foreigners are depositing billions with local banks
ABU DHABI 9 September 2018: Non-resident deposits out-valued their loans by Dh71 billion during the first seven months of the year driven by the increasing deposits by non-resident clients into local banks, according to figures […]
New ADX ticker size for stocks priced less than Dh1
ABU DHABI 2 September 2018: Abu Dhabi Securities Exchange (ADX) has announced the start of trading with the new ticker size for stocks of companies with share price of less than Dh1. ADX began operations […]
Emirati women hold Dh20 billion in Abu Dhabi stocks
ABU DHABI 29 August 2018: The number of Emirati female investors reached 220,000 by the end of the first half of 2018 and the number of shares they hold is about 3.5 billion with a […]
Teach your kids good money habits this school year
DUBAI 30 August 2018: Education is ultimately the most powerful tool when it comes to money, say advisers at personal finance firm Guardian Wealth Management. In fact, according to a report by Cambridge University, children […]