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Banking & Finance

Barclays hires new EMEA chairman
Azar will focus his efforts on strengthening senior client relations and collaborating with the senior management team .
SIB achieves Dh107m net profit for Q1 2015
Liquid assets reached Dh5.7 billion comprising 20.7 per cent of total assets.
NBF profit up 30% in first quarter
NBF said in a statement on Thursday that its operating profit rose 24.3 per cent to Dh188.3 million from Dh 151.5 million in the corresponding period of 2014.
RAK Bank posts 8.3% surge in Q1 net profit
Distribution, product development under focus.
HSBC banned from taking on assets in Saudi
The order from the country’s Capital Market Authority was made late last year and affects HSBC Saudi Arabia’s $7 billion asset management arm.
Emirates NBD, ICICI tie up for remittances
The tie up enables customers of Emirates NBD to transfer funds to account holders of ICICI Bank in India within a minute
Mashreq’s Q1 profit up 13% to Dh651m
Earnings per share strengthened to Dh3.67 at the end of March 2015 compared to Dh3.40 a year earlier.
Cashless in Dubai: A newcomer’s experience
A new resident to Dubai, Vyacheslav “Slava” Byelyayey, makes a bold attempt to try and make card payments in any situation.
Spend - and save - with debit cards
They are a useful aid to manage finances, while being convenient and inexpensive.
National Bank of Fujairah launches diamond financing business
The bank has brought on board industry experts from Antwerp Diamond Bank's operations in Dubai to run the business.
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