Search Results for: Arab
Deutsche Bank reports Q2 2016 pre-tax profit down 67%
July 28th, 2016
Deutsche Bank reports second quarter 2016 pre-tax profit of 408 million euros and net income of 20 million euros Key developments – 20% lower revenues year-on-year reflecting challenging environment and strategic decisions Revenues, excluding NCOU and Hua Xia Bank, ...
The Dubai government has shut down a foreign exchange trading firm
July 25th, 2016
The Dubai government has shut down a foreign exchange trading firm in Dubai pending further investigations. Officials from the Department of Economic Development (DED) closed the offices of Exential Group in Dubai Media City last week and ordered it ...
Which is the next hotspot to attarct investors interest in UAE?
July 25th, 2016
UAE-based companies with more than 50 staff are now required to provide free housing for workers earning less than $544 per month. Worker housing projects in the United Arab Emirates (UAE) are expected to draw increased interest from investors ...
The rising trend of cashless payments
July 21st, 2016
Contactless payments are rapidly gaining ground across the globe. Driven by customer convenience and efficiency, this innovative payment method has opened up new dimension for daily transactions undertaken by consumers. Mobile wallets, online payment providers, near field communication (NFC) ...
Dubai’s largest bank reported Q2 net profit rises 16%; $520m net profit
July 18th, 2016
The bank made a net profit of Dhs 1.91bn in the three months to June 30 Dubai’s largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in second-quarter net profit on Monday, broadly in line with analysts’ ...
Oil near two-month low on economic woes; drillers adjust to lower prices
July 11th, 2016
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude was trading at $46.38 per barrel at 0653 GMT (02:53 a.m. EDT), down ...
International law firm Taylor Wessing announced global revenues increase
July 8th, 2016
International law firm Taylor Wessing has today announced a 4.4% increase in UK revenues to £126.6m. Global revenues have also increased to £254.5m at constant exchange rates. In addition, the firm has reported an increase in UK PEP, up from ...
Lebanon is the new rival seen in Mediterranean Gas race
July 7th, 2016
Lebanon parliament likely to pass energy bills soon: lawmaker Dispute ended over offshore energy blocks to be awarded Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending ...
Barclaycard bPay turns watches contactless
July 7th, 2016
Barclaycard is expanding its bPay contactless payments range through the introduction of a small case that can be attached to watches and fitness bands. The bPay Loop is a silicon case containing an NFC chip that can be slid ...
British pound plunged to fresh 31-year lows
July 6th, 2016
The British pound plunged to fresh 31-year lows on Wednesday, swamped by continued fears over the U.K. leadership vacuum and the country’s potential exit from the European Union (EU). The pound tumbled as low as $1.2796 during Asia trade on Wednesday, ...
