A surge in blank-cheque investment vehicle fundraising and frantic pandemic-related trading in 2020 boosted investment banks’ income by a record 28% from the year before, a report showed on Friday.
An Asian worker was sentenced to 6 months in jail and was fined Dhs56,000 fine after being prosecuted on forgery charges in Dubai.
Ajman Police, Emirates Islamic Bank sign MoU to enable motorists with traffic fines of Dhs1,000 and above pay their fines in up to 12 installments.
KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year.
The incident took place in Kozhikode’s Kerala Bank Edodi branch. It is located several storeys above the ground floor.
Abu Dhabi Commercial Bank (ADCB) recommended a cash dividend of Dhs0.27 per share, translating to a pay-out of Dhs1.878 billion, or 49% of the net profit for 2020.
The blue-chip NSE Nifty 50 index rose 0.12% to 14,388.75 while the benchmark S&P BSE Sensex gained 0.05% to 48,902.52.
The use of digital banking channels has increased significantly across the UAE during the pandemic, with 42 per cent more customers using online banking and 65 per cent more using their respective banks’ mobile app more often.
The bombs had been placed at the locations at different times on Wednesday morning, the ministry said in a statement, adding that a number of suspects had been arrested and the case had been referred to public prosecutors.