Economic activity in the UAE recovered partially in the third quarter, but the bounce back remained fragile, according to Central Bank of UAE (CBUAE). In its ‘Quarterly Economic Review …
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UAE Economy Seen Contracting More Than Estimated This Year
The United Arab Emirates will likely suffer a deeper economic contraction this year than previously estimated, hurt by disruptions caused by the coronavirus pandemic and lower oil prices.
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Saudi sovereign wealth fund hires new corporate finance head, makes other changes
Saif, the chief executive of the finance ministry’s debt management centre, as its new corporate finance head.
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Bitcoin price spikes, dangers of an imminent massive drop lurks
With prices soaring to unrealistic levels this week, market gurus are sounding the alarm Dubai: With Bitcoin prices … meaning large hedge funds and publicly traded companies are driving these …
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Arabic press review: Saudi Arabia and UAE bankrolling Arab states’ Israel deals
Saudi Arabia, UAE bankrolling normalisation agreements. Saudi Arabia and the UAE are pumping in huge sums of money in order to finance the normalisation agreements that some Arab …
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UAE’s MBZ was known as ‘the boss’ at Banque Havilland
Documents reviewed by Bloomberg News reveal the extent of services the bank provided Crown Prince Mohammed bin Zayed.
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UAE’s stock markets drop their good cheer over new COVID-19 strain
UAE real estate stocks’ rise of recent days come … DXBE hasn’t made a single yearly profit since listing. The IPO was valued at Dh5.75 billion, roughly 9 times more than Meraas’s own estimates.
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L&T Finance Holdings dissolves Middle East subsidiary
LTFH had informed about voluntary winding-up of one of its wholly-owned subsidiary incorporated in Dubai to carry on the off-shore wealth management business, subject to applicable laws of United Arab …
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UAE’s Central Bank launches ‘M-Bills’ to replace certificates of deposit
Dubai: The Central Bank of the UAE has launched a new securities issuance programme – Monetary Bills – for licensed financial institutions and eligible investors. These securities will be …
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Banking, property shares drive UAE markets lower
The benchmark Dubai Financial Market’s General Index dropped four per cent to 2,463.13 during mid-day trading as property and banking shares tumbled. Emaar and Damac shares fell by 4.76 per cent and …
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How the UAE’s new regulations tighten up regime for cryptoassets
The UAE Central Bank’s SVF Regulations released in early November repeals and replaces the 2016 Regulatory Framework for Stored Values and Electronic Payment Systems (SVF Regulations). The new SVF …
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UAE SMEs receive Dhs420m trade credit support during Jan-Nov 2020
Meanwhile, World Bank data reveals that the SMEs represent about 90 per cent of businesses and more than 50 per cent of employment worldwide. In the UAE, the Federal Competitiveness and Statistics …
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SMEs in UAE receive more than AED 420 million trade credit support in first 11 months of 2020
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued AED420 million worth of trade credit support to small and medium enterprises (SMEs) from January to November 2020, …
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Etisalat Misr mulls stock market listing
Middle East technology & IT news portal including latest information technology news,Business technology & Tech news,Multimedia news,Product reviews & information,Software,Hardware,Computer tech & …
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UAE, Saudi Arabia tech investments on radar of US fund Capria
Seattle-based Capria Ventures says aiming to capitalise on the growth of ed-tech, agri-tech, digital health and fintech …
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Saudi Shares Boosted by OPEC+, Stocks Rally in Dubai: Inside EM
Saudi stocks rallied on Sunday, putting them on track to be the Middle East’s best performers in 2020, a day after the OPEC+ group pledged a more hands-on approach to the oil market. Equities in Dubai …
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London analysts say ‘it’s time to bank on Dubai’ again
Now is the time to bet on a rebound in Dubai’s tourism sector, say two top equity analysts out of London. Morgan Stanley and Nomura Holdings Inc concur that the festive season will provide the modern …
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