We are targeting higher-returning income and efficiencies in India, Korea, the UAE and Indonesia. Realising the opportunities those markets present will significantly enhance the group’s financial per…
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UAE labour law modernisation efforts continue into 2019
The more notable initiatives expected in 2019 include: The Dubai International Financial Centre (DIFC) Authority held a public consultation on its draft new DIFC Employment Law in February and March l…
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Bahrain’s financial centre cheaper than Dubai or Abu Dhabi, report claims
A new report comparing the cost of doing business in Bahrain’s financial centre to the UAE’s two main financial centres in Dubai and Abu Dhabi has said the former is 35 percent cheaper than its region…
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Abu Dhabi bank appoints new CEO to drive growth
Abu Dhabi Islamic Bank has announced the appointment of Mazin Manna as its new Group CEO, after obtaining UAE Central Bank approval. Manna brings 28 years of experience in international banking, havin…
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Saudi stock exchange and REITs dominate Gulf IPO market in 2018
Drake noted that while there was no IPO activity in the United Arab Emirates last year, UAE-based companies raised capital through public offerings on global bourses. Shallow water driller Shelf Drill…
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Dubai index snaps 8-day gaining streak as stocks investors resort to profit-taking
The Dubai Financial Market general index closed 0.28 per cent lower at 2,661.25, after rising 7.5 per cent in the past eight sessions. The market breadth was negative. Emaar Properties closed 0.21 …
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ADIB appoints Group Chief Executive Officer to lead next phase of bank’s growth
Abu Dhabi: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors today announced the appointment of Mazin Manna as ADIB’s new Group Chief Executive Officer, after obtaining UAE Central Bank approval. Maz…
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Victory Capital Management Inc. Purchases New Holdings in HDFC Bank Limited (HDB)
Several other hedge funds and other institutional investors have also recently … financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Tre…
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UAE’s ADNOC seals $4 billion pipeline infrastructure deal with KKR, BlackRock
ABU DHABI (Reuters) – Abu Dhabi National Oil Company (ADNOC) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company s…
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Dubai Islamic Bank : DIB adopts digital plan for growth in 2019 – Bloomberg Intelligence
Dubai – Mubasher: Dubai Islamic Bank (DIB) has adopted a new digital strategy that will serve its customers and operational capabilities. The new plan is to help the UAE’s largest Islamic lender addre…
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UAE waives Dh361 million loans of over 3,000 Emiratis
First Abu Dhabi Bank, Dubai Islamic Bank, RAKBANK, Al Hilal Bank, Union National Bank, Noor Bank, Emirates Islamic, Commercial Bank of Dubai, Sharjah Islamic Bank, and Arab Bank for Investment …
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Dubai to map regional economic landscape in line with its Fifty-Year Charter
The Dubai Free Zones Council is working with various government and financial entities to assign economic goals to various areas of the region, aimed at boosting Dubai’s non-oil sector, it said in a s…
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Dalma Capital, Exergy Capital establish energy transition investment fund
21 February 2019, Sweetcrude, London — Exergy Capital, an advanced energy investment firm, and Dalma Capital Management, a prominent alternative investment fund accelerator in the Dubai International …
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UAE’s Largest Real Estate Firm Emaar Denies Reports That It Accepts Crypto: Bloomberg
Subsequently, the news was posted by multiple real estate-related accounts on Twitter, including UAE-based Premier Estates. Recently, Japan’s financial regulator, the Financial Services Agency …
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Dubai Financial Market : UAE-based insurers witness solid results in 2018
The net profits of insurers listed on the DFM and the ADX went up 6.4% year-to-year to AED 1.4 billion last year Dubai – Mubasher:The UAE’s insurance sector has seen a profitable year during 2018, rep…
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Heritage Meets Modernity: UVA Darden Students Find Balance in Course to Dubai, Bahrain
“The Dubai economy is now being led by trade, logistics and finance. Dubai plans to make its business-friendly environment even friendlier to multinational companies in the future by expanding free zo…
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UAE banking sector remains resilient: Sheikh Ahmed
The UAE economy, and the banking sector in particular, remained resilient in 2018, despite a challenging environment across global markets, said Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Emirates N…
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