The total amount of mortgage loans provided by Saudi banks increased to SR15.27 billion ($4.07 billion) in November 2020, up 79 percent compared to the same month in 2019, according to the Saudi …
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JMR Infotech signs JV with UAE’s Seed Group to enhance digital transformation within the banking sector
JMR’s Genie de Banca digital platform will enable banks and financial institutions to automate and digitise their lending departments, develop new revenue channels, and present their customers with …
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2021 will be a turning point for UAE’s sedentary IPO market
The kingdom’s hot IPO market is set to continue rolling out companies primed … This brave spirit is perfectly epitomised in the launch of the Nasdaq Dubai Growth Market by His Highness Sheikh Hamdan …
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Emergency cash calls, tech IPO frenzy push 2020 banker fees to record high
Emergency corporate fundraising and a clamour for tech stock market listings pushed equity capital market volumes to over $1 trillion in 2020 and fees for investment bankers in the sector to a record …
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Alkhabeer Capital successfully concludes IPO of Alkhabeer Diversified Income Traded Fund
During the IPO period of 15 business days, the Fund has attracted more than 89,000 individuals and institutional investors, with a net subscription value of $126.08mln, as the coverage ratio exceeded …
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Bahrain: Iran-owned Future Bank found guilty of money laundering
Dubai: The High Criminal Court of Bahrain found the Iran-owned Future Bank, five of its officials and several Iranian banks guilty of money laundering, Bahrain News Agency (BNA) reported. The bank …
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Why 2021 will be a less volatile year for UAE banks
The UAE banks are expected to face a much lesser volatile operating environment in 2021 compared to last year, however, the lingering impact from 2020 will continue to pressure profits and asset …
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Is now a good time to invest in Dubai property?
So should you then look at healthcare bonds, invest in gold, begin exploring alternatives such as cryptocurrencies? Historically, real estate has demonstrated an enduring appeal. When calamity strikes …
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UAE’s banking stocks show ample resilience to COVID-19’s impact
The UAE banking sector has passed through a turbulent phase, and this is showing up on UAE’s stock markets as well. An index heavyweight on DFM, the banking sector (with 45 per cent weightage) is down …
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GB Talks: Understanding SME financing in the UAE
The in-person event, held in association with Tradewind Finance, saw 15 small businesses in attendance. Starting off with a panel discussion on SME financing in the current environment …
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Deadline looms: Ensure your business abides by the new UAE economic substance rules by December 31
Can your firm demonstrate sufficient ‘economic substance’ in the UAE by tomorrow? Adhering to UAE’s Economic Substance Regulations (ESR) is now a ‘must do’ reality facing business owners in the region …
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Family of British businessman who has untreated TB in a Dubai prison accuse Raab of ‘doing nothing’
EXCLUSIVE: Ryan Cornelius, 66, from London, was handed a 10-year sentence for his part in illegally obtaining a £372m loan from Dubai Islamic Bank to build a lavish real estate project.
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Dhs57.1 billion Dubai budget to boost growth; Sharjah clears largest ever plan
In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the …
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Pandemic speeds up UAE’s transition to cashless ecosystem
UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes …
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UAE- Ajman’s Department of Finance receives four new ISO certifications
As part of its keenness to achieve the vision and directives of the Ajman government in adopting world class standards, Ajman’s Department of Finance has received four new ISO certifications including …
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Al Mal Capital announces plan for first Dubai listing in 2021
Al Mal Capital on Monday announced that it has raised AED350 million ($95.2 million) in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity. Al Mal Capital REIT …
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Dubai’s Al Mal Capital raises Dh350m for its IPO in turbulent times
Dubai: Dubai’s first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment trust (REIT). The issue. which closed its subscription on December …
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