As demand for ready and off-plan villas increases in Dubai, DAMAC Properties has announced a home finance plan in partnership with Abu Dhabi Islamic Bank (ADIB). The plan offers a …
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Most Gulf markets rise in early trade; Dubai stocks ease
Most major markets in the Gulf traded higher early on Wednesday, with Saudi Basic Industries Corp (SABIC) supporting the Saudi index.
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What are the key drivers behind the 14% growth in Islamic finance?
The industry returned to strong growth after the slowdown in 2018, when the industry expanded by a more moderate 2% …
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Saudi Arabia has no immediate plan to increase taxes: finance minister
Saudi Arabia’s finance minister said on Tuesday there were no immediate plans to raise taxes and when asked, said introducing an income tax was not on the cards.
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Saudi economic recovery bodes well for 2021 indicators, says finance minister
Saudi Arabia’s finance minister said on Tuesday that most economic sectors in the kingdom have started to recover from the impact of COVID-19 and the recovery in the last two quarters of the year …
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Lebanese media major JGroup eyes IPO ‘within next three years’
We are a big media and tech company and I look forward to doing the necessary steps, whether legal or financial or on a recruitment basis, to hire the best people and to drive our company from a …
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Dubai’s property market takes another shot at ‘crowdfunding’ and spending Dh5,000 to ‘own’ a home
Dubai’s property market is finally ready to ditch those old concepts of ownership. Investors and developers are now veering towards allowing multiple investors to take up part-ownership in a property …
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4 top UAE FinTechs disrupting the payments industry
The United Arab Emirates’ (UAE) payments space has witnessed a lot of investments within the FinTech sector. The country is amongst the fastest emerging FinTech gateway to nearby markets and the …
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UAE-Israel Business Leaders Summit: UAE, Israel trade gains will be based on identifying right opportunities
Register for the summit Speaking at the first virtual UAE-Israel Business Leaders Summit, co-hosted by Gulf News and TheMarker, Samer Haj-Yehia, Chairman of Bank Leumi, said: “The wealth of each …
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46pc of UAE economic recovery package completed
About 46% progress has been achieved in implementing the 15 initiatives of the first phase of the economic recovery programmme initiated by the UAE government in the emirates. Major initiatives that …
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Kuwait names new oil and finance ministers in cabinet approved by new emir
Kuwait’s emir on Monday approved the formation of a new cabinet that included new ministers of oil and finance for the OPEC member state, the government communications office said, following a …
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UAE- Ogilvy Appoints New Global Finance & People Leadership
Ogilvy today announced new members of its global leadership team with the appointments of Stacey Ryan-Cornelius as Global Chief Financial Officer and Jag Dhanji as Global Chief People Officer.
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Expo 2020: Dubai’s new megacity takes shape, but tourists aren’t guaranteed
Organizers expect 25 million visitors to attend over the course of the six-month event, despite concerns about the pandemic’s impact on travel and tourism.
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EXCLUSIVE-Abu Dhabi’s Mubadala reviews equities fund in investment shake-up – sources
Abu Dhabi state investor Mubadala is considering options including the spin-out of an internally managed $500 million public equities fund after a weak performance, two sources said, as the emirate …
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UAE, Israel export credit agencies ink trade cooperation deal
In a landmark agreement, the export credit agencies of UAE and Israel have signed a cooperation agreement to develop economic relations between the two countries, broadening the export financing …
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How to teach kids in the UAE about money
Finances are the number one concern for most adults and it’s because most adults were never taught about money – not at school, and not at home (usually). So, most adults learn about money through …
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A cashless society in the UAE cannot happen without financial inclusion
Anouar Bourakkadi Idrissi is the CEO of Edenred UAE At the onset of 2020, implementation of the wide-scale lockdown and …
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