finance

Gross Domestic Savings Grow 6.6 pc to AED516.1 bn in 2018

Gross Domestic Savings Grow 6.6 pc to AED516.1 bn in 2018

Source: WAM Abu Dhabi: The gross domestic savings in the United Arab Emirates grew 6.6 per cent to AED516.1 bn in 2018 from AED484.5 bn in 2017, according to figures revealed by the Federal Competitiveness and Statistics Authority. The highest since 2015, the growth reflects the significant success achieved by the economic diversification policy adopted by the government over the past years. According to the figures, the gross domestic savings stood at AED491.8 bn in 2015 […]

Saxo Bank Completes Acquisition of BinckBank

Saxo Bank Completes Acquisition of BinckBank

Dubai: Saxo Bank and BinckBank announce that Saxo Bank has completed the acquisition of BinckBank. The acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000 clients and holds approximately EUR 46 bn in client assets. By gaining scale and reducing cost and complexity, the Group can continue its ambitious investments in the digital client experience and expand its product offering, delivering more relevant and intuitive platforms and services. […]

Dubai-Based Financial Services Veteran Appointed COO of Woodbrook Group

Dubai-Based Financial Services Veteran Appointed COO of Woodbrook Group

Dubai: Woodbrook Group Holdings Ltd, one of the world’s fastest-growing international firms of financial advisers, has signalled exciting expansion plans with the announcement of a significant new appointment. Dubai-based Nigel Gregory, a financial services industry veteran with three decades’ experience working in senior roles across the banking, wealth management and compliance sectors, has been appointed as the Chief Operating Officer (COO) of Woodbrook’s wealth management division. Mr Gregory’s appointment follows Woodbrook’s recent acquisition of Mondial […]

DIFC to Roll-Out Employee Workplace Savings Scheme

DIFC to Roll-Out Employee Workplace Savings Scheme

Dubai: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, in line with recent global employee benefits trends progresses with the DIFC Employee Workplace Savings (DEWS) scheme. The scheme is part of evolving end-of-service benefits within the Centre from a defined benefit structure to a funded and professionally managed defined contribution plan. The new plan, set to launch from January 2020, will offer a […]

Airbus Announces H1 Results

Airbus Announces H1 Results

Amsterdam: Airbus SE reported Half-Year (H1) 2019 consolidated financial results and maintained its guidance for the full-year. Consolidated revenues increased to € 30.9 billion (H1 2018: € 25.0 billion), mainly reflecting higher commercial aircraft deliveries and favourable foreign exchange. At Airbus, a total of 389 commercial aircraft were delivered (H1 2018: 303 aircraft), comprising 21 A220s, 294 A320 Family, 17 A330s, 53 A350s and 4 A380s. Airbus Helicopters delivered 143 units (H1 2018: 141 units) […]