Dubai: Dubai has set a new Guinness World Record for a human chain with the most number of nationalities. The Roads and Transport Authority (RTA) set the record with the participation of Metro …
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Abu Dhabi Said in Talks to Create Two Banks in Three-Way Merger
(Bloomberg) — Abu Dhabi’s merger of three state-linked banks is set to create two new lenders, according to people with knowledge of the matter. Under plans being discussed, Abu Dhabi Commercial Bank …
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Four Mena IPOs raise nearly $350m in Q3: EY
The Mena region raised $349.9 million through four initial public offerings (IPOs) in the third quarter (Q3) of 2018, according to the latest Mena IPO Eye report released by professional services firm …
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deVere Group Launches Actively Managed “Cryptocurrency Solution” for Investors
a hedge fund manager in the Dubai International Financial Centre. Nigel Green, founder and CEO of deVere Group, says that cryptocurrencies are now undeniably part of mainstream finance. Green believes …
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One-month partial closure for Sharjah Corniche Road
Dubai: Road authorities in Sharjah cautioned motorists over road woks taking place along the Buhairah Corniche and nearby areas. The Roads and Transport Authority (RTA) in Sharjah announced that …
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UAE’s business optimism surges on improving economic fundamentals
Dubai: The vast majority of businesses in the UAE are optimistic on their outlook for the next one year thanks to the improving macro-economic environment of the country and the region, according …
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UAE rises 10 places to 11th in World Bank’s 2019 ease of doing business report
Dubai: The UAE jumped 10 places in the World Bank’s Ease of Doing Business ranking to 11th position globally in 2019 from 21st position last year to lead the Arab world for the sixth consecutive …
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UAE Faces Money Laundering, Terror Financing With New Law
FATF is an international organization that sets global standards for fighting illicit finance. The UAE has been tightening its financial regulation to try to close regulatory gaps. Dubai International …
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UAE issues law to curb money laundering, terror financing
A new law to combat money laundering and terror financing has been passed in the UAE, it was announced on Tuesday. The law issued by the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, ord…
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