However, Nasser al-Shaikh, Dubai’s former finance minister, offered a different assessment on Twitter, and asked authorities to take control of a spiralling caseload. “The leadership bases its …
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COVID-19 had disparate impact on accounting and finance
The coronavirus pandemic affected the revenues and finance functions of most companies, but the impact depended to some degree on what industry they were in and what country.
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Russia sees UAE as strategic hub to boost, diversify exports
Russian food manufacturers can benefit from leveraging the UAE as a strategic hub to boost and diversify exports globally, industry experts said during a recent webinar hosted by Dubai Chamber of Comm …
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The future of UAE digital shopping beyond Covid-19
Kartik Taneja, Executive Vice President, Head of Payments at Mashreq Bank, explains why the shift from cash to cashless will benefit the UAE’s …
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UAE banking sector still ‘in good health’: Emirates NBD
The UAE’s banking sector remains financially sound despite going through challenges posed by the coronavirus pandemic, said Emirates NBD, Dubai’s largest bank, on Wednesday. The bank is predicting the …
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Predictions and trends impacting finance and banking in 2021
Miljan Stamenkovic, General Manager of the Middle East and North Africa region at Mambu, a SaaS cloud banking platform, revealed the ‘2021 Banking and Finance Predictions’, of which we picked 3 …
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First in MENA: HSBC issues green trade finance facility to Lamprell Energy
HSBC has issued a trade finance facility, raising $48 million for UAE-based Lamprell to support work on the Seagreen Offshore Wind Farm project off the coast of Scotland. HSBC, the sole arranger for …
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ADNOC named UAE’s most valuable brand for third consecutive year
ABU DHABI – ADNOC maintained in 2021 its position as the UAE’s most valuable brand for the third consecutive year, according to a new report from Brand Finance, the world’s leading independent branded …
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Israel-UAE deal opens up great business opportunities
President Rivlin said the signing of the Abraham Accords and the normalisation of relationship have opened up immense business opportunities for the …
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Saudi Finance Minister expects domestic debt market to grow further
Saudi Finance Minister Mohammed al-Jadaan said on Wednesday he expects Saudi Arabia’s domestic debt markets to become more liquid after a large expansion last year.
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Top UAE Banks Fare Better Than Expected With Payouts Intact
The two biggest banks in the United Arab Emirates reported a decline in annual profit that was less severe than expected as the lenders brace for the full brunt of the economic fallout from the …
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Top UAE Banks See Profit Fall on Higher Provisions Amid Pandemic
The two biggest banks in the United Arab Emirates reported a drop in profit last year as they set aside higher provisions to cover an expected spike in bad loans as a result of the coronavirus …
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UAE banking sector profitability to remain low for longer: S&P
S&P Global Ratings expects UAE’s GDP growth to recover this year from the sharp recession of 2020 triggered by the COVID-19 pandemic and low oil prices. However, the shock will continue to rock the …
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Angola: UAE to Invest U.S.$190 Million in Port of Luanda
One hundred and ninety million US dollars will be invested, in the next twenty years, by the DP World Ltd company from the United Arab Emirates (UAE), in the exploration, development, modernization …
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Saudi in talks with COVID vaccine makers to supply Yemen, African states – finance minister
Saudi Arabia’s finance minister said on Tuesday his country was talking to manufacturers to provide COVID-19 vaccines to low-income countries including Yemen and African states.
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Revealed: UAE’s most valuable brands of 2021
Etisalat and Emirates are the three most valuable brands of 2021 from the UAE among the world’s top 500 brands. According to Brand Finance’s latest report, Etisalat, which operates the fastest network …
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Israel’s Airobotics eyes Tel Aviv IPO, drone deal in Dubai
Israeli drone technology firm Airobotics is preparing for an initial public offering (IPO) in Tel Aviv this year and is also close to clinching deals in the United Arab Emirates (UAE), chief executive …
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