HUAWEI AppGallery is the third largest mobile app marketplace globally. This new partnership with Emirates Islamic will enable the bank’s customers to access their accounts and cards from the …
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Global Islamic finance assets expected to reach $3.69 trillion in 2024
Global Islamic finance assets are expected to reach $3.69 trillion by 2024, states the 2020 Islamic Finance Development Report released on Wednesday. The report has been compiled by Refinitiv and the …
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UAE has best credit rating in region: Sheikh Mohammed
President and Prime Minister of the UAE and Ruler of Dubai, welcomed the AA2 rating of the federal government by the international rating agency Moody’s, declaring it as the highest sovereign rating …
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Moody’s assigns top rating to UAE with stable outlook for national economy
Sheikh Hamdan noted that this rating has proved beyond any doubt the solid foundations of the nation’s public finances.
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UAE stocks gain Dh6.5 billion in market value
UAE financial markets on Tuesday posted gains of around Dh6.5 billion in market cap driven by the realty and banking blue chips.
UAE banking sector outlook stable despite asset quality pressures: Fitch
UAE’s banking sector outlook remains strong with stable outlook supported by the stable outlook on the UAE and Abu Dhabi sovereign ratings, rating agency Fitch said. Among the Fitch rated banks, the …
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United Arab Emirates says a Chinese coronavirus vaccine appears 86% effective
The UAE, home to Dubai and Abu Dhabi, conducted a trial beginning in September of the vaccine by Chinese state-owned pharmaceutical giant Sinopharm …
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UAE get the top sovereign credit rating in the region
The UAE government received an Aa2 rating in creditworthiness – which is the highest sovereign rating in the region – with a stable outlook for the national economy by the international rating agency, …
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Emirates Islamic launches digital banking platform
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched “businessONLINE” a digital business banking platform, to help businesses in the UAE manage all their …
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Moody’s affirms UAE credit rating, making it regional leader: Sheikh Mohammed
The nation’s creditworthiness rating remains at Aa2, making it the highest-rated Gulf country following the announcement in September that Kuwait would be downgraded from Aa2 to A1. Sheikh Mohammed …
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RAKBANK Chooses Anomali Threat Intelligence Product Suite to Detect Threats Across its Banking Infrastructure
Anomali, the leader in intelligence-driven cybersecurity solutions, announced today that the National Bank of Ras Al Khaimah (RAKBANK), is deploying Anomali to operationalize threat intelligence …
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China’s Covid vaccine from Sinopharm is 86% effective, UAE says
“The announcement is a significant vote of confidence by the UAE’s health authorities in the safety and efficacy of this vaccine,” the UAE’s Health Ministry said Wednesday. The Phase 3 trials …
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DC Finance Announces First of its Kind United Arab Emirates Family Office and (Israeli) Technology Focused Sessions and Conference
DC Finance, the international community and curator of events for high net worth individuals, family offices, and investors, announced today that it will host the first family office and investor …
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Dubai-based GIFS allocates $1B for projects identified by ABiQ
Dubai based investment bank Global Islamic Financial Services (GIFS) will allocate $1B to fund projects identified by ABiQ Business Intelligence (ABiQ), global business intelligence firm. Business …
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Dubai investment bank allocates $1bn for Middle East, Africa construction projects
A Dubai-based investment bank has allocated $1 billion to finance active construction projects across the Middle East and Africa. Under a memorandum of understanding with ABiQ Business Intelligence …
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Dubai launches online payments platform for ‘under-banked’ merchants
Dubai has launched a payment platform that will bring on board ‘under-banked’ merchants or even those who don’t have such banking facilities. They will now be able to engage in cashless transactions …
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Europe’s supply chain finance fix feeds hidden debt fears
European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.
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