The exchange house was found with weak anti-money laundering compliance framework Abu Dhabi: The Central Bank of the UAE (CBUAE) recently imposed a financial sanction on an exchange house operating in …
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Goldman Bankers Join Saudi Media Group With Global Ambitions
Saudi Research & Marketing Group hired two bankers from Goldman Sachs Group Inc. in the Gulf as one of the Middle East’s biggest media companies shakes up its senior ranks and looks to bolster its …
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CIMIC shares drop as Middle East joint venture rated zero value
Australias biggest construction company, CIMIC, has given zero value to its Middle East business but says it still remains in talks with potential acquirers interested in buying out its stake while a …
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UAE Businessman’s Israeli Soccer Dream in Flux After Audit
An Emirati businessman’s proposed deal to become part-owner of an Israeli soccer club is hanging in the balance after the league raised questions about his net worth and investments.
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Kentech sets sight on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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Kentech sets sights on IPO after deal to buy SNC-Lavalin’s oil and gas business
Dubai-based services company aims to seek public listing once integration of Canadian contractor’s oil and gas unit is complete …
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UAE’s Kentech Agrees to Buy Energy Unit of Canada’s SNC Lavalin
Canada’s SNC-Lavalin Group agreed to sell its oil and natural gas services business to Kentech Corporate Holdings Ltd., as the Dubai-based firm seeks to expand in markets such as the U.S. and Saudi …
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UAE Central Bank Sees Strong Rebound as Use of Covid Fund Drops
The United Arab Emirates’ central bank stood by its forecast for a return to growth in 2021 after lower crude prices and pandemic restrictions hit the Arab world’s second-largest economy.
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Banks reduce usage of UAE central bank stimulus package, governor says
Banks in the United Arab Emirates have reduced their use of a central bank stimulus scheme aimed at supporting liquidity during the COVID-19 pandemic, the central bank governor said. DUBAI, Feb 9 …
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Commercial Bank of Dubai Goes Live on UAE KYC Blockchain Platform
Commercial Bank of Dubai (CBD) has announced its go-live on the UAE KYC Blockchain Platform, an initiative which facilitates secure digital customer onboarding, instant bank account functionality, …
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Emirates Islamic launches new Business Banking centres in Dubai
UAE Islamic financial institution, Emirates Islamic, has expanded its Business Banking centre network to support small and medium enterprises.
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Emirates Islamic expands services to SMEs in UAE
Emirates Islamic, a leading Islamic financial institution in the UAE, has expanded its Business Banking centre network to support small and medium enterprises (SMEs) by launching two new facilities in …
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UAE’s top bank to debut in euro market amid Gulf bonds deluge
First Abu Dhabi Bank (FAB), the biggest lender in the United Arab Emirates, is planning a debut euro-denominated bond issuance, a document showed on Monday, the latest Gulf issuer to raise capital …
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Asia Distillates-Gasoil refining profits surge to over 6-month high
Asian refining margins for 10 ppm gasoil rose to their highest level in over six months on Monday, supported by a steady demand in India and China, while upcoming spring turnarounds at regional …
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UAE’s Masdar eyes further growth in US clean energy market after EDF deal
Masdar achieves first closing on the acquisition of 50% of a 1.6GW clean-energy portfolio of projects in the United States …
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UAE’s Utico plans IPO in 2021
Utico says its advisors are in negotiations to list the company through an Dh3bn valuation IPO in Dubai later this year …
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Dubai’s DIFC, Tradeling to accelerate evolution of region’s B2B digital ecosystem
Dubai International Financial Centre (DIFC) penned an agreement to provide Tradeling, the hyper-growing eMarketplace focused on business-to-business (B2B) transactions in MENA, a platform to speed up …
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