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    Listings boom, trading frenzy fuel investment banks’ profits

    06 Mar 2021

    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.

    Asian jailed for forging documents to get Dhs56,000 bank loan

    16 Mar 2021

    An Asian worker was sentenced to 6 months in jail and was fined Dhs56,000 fine after being prosecuted on forgery charges in Dubai.

    Good news for motorists, now pay traffic fines in installments

    11 Dec 2019

    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.

    Saudi banks moving towards a better year: KPMG report

    16 Mar 2021

    KPMG’s latest report on the financial sector, Banking Perspectives 2021, records the sector seen moving towards a better year.

    VIDEO: Alert bystander saves Kerala man from falling off balcony in nick of time

    24 Mar 2021

    The incident took place in Kozhikode’s Kerala Bank Edodi branch. It is located several storeys above the ground floor.

    ADCB proposes Dhs1.878 billion dividends

    25 Mar 2021

    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.

    Indian shares gain as banks rebound

    25 Jan 2021

    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.

    Use of mobile banking in UAE increases by over 65%

    27 Jan 2021

    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.

    Bahrain foils plots to bomb two bank ATMs

    06 Feb 2021

    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.

    IKEA to acquire consumer bank

    11 Feb 2021

    The bank is owned by Ikano Group, it was spun off from IKEA in 1988 to the sons of the founder.

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