Mashreq was recognized for its dedication and investments into designing, deploying and operating future-ready and innovative digital technologies particularly in the cash management space …
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UAE banks waive $236.8mln debts of 1,607 Emiratis
ABU DHABI – The Non-performing Debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than AED869.85 million. The banks that …
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UAE announces debt exemption worth Dhs869.85m for 1,607 Emiratis
Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic, NBQ, and the Arab Bank for Investment & Foreign Trade (Al Masraf). The move was implemented as per the directives of President His …
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Emirates NBD Debuts Omnichannel Corporate Banking Program
Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform for small businesses, a report from NSBanking.com says. The …
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UAE, Saudi Arabia progress with common digital currency for central banks
During the trial period, the Wholesale CBDC was only used by the central banks and banks participating in the initiative as a settlement unit for domestic as well as cross-border commercial bank …
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Saudi Arabia Inches Closer to Officially Launch Digital Currency with UAE
Saudi Central Bank (SAMA), in partnership with the Central Bank of the UAE, released a report on central bank digital currency (CBDC) pilot.
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Islamic banks urged to push digital services as UAE demand dips
New Index reveals small reduction in the overall penetration and intention of Islamic banking products in the UAE …
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Panther Tyres goes for listing
The IPOs had lined up for listing before the 2017 debacle after which the risky stakes in stocks went out of favour, forcing the corporates to put their plans of going public on hold. In the absence …
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Business education as a pillar for UAE-Israel relations
The accord itself lists no less than fifteen spheres of mutual interest, including finance, energy, and education.
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Islamic banking gains prominence in the UAE
Penetration of Islamic banking products on the rise among UAE customers Dubai: Islamic banking is gaining traction in the UAE in terms of progress, penetration and perception according to the …
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What UAE residents would do if
Dubai – What would the UAE residents do if they’re are given £1,000 (nearly Dh5,000) by the government with no strings attached? A new survey released by Standard Chartered bank has revealed that the …
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What does the future hold for UAE freezones amid foreign ownership changes?
The imminent changes to laws governing the foreign ownership of firms in the United Arab Emirates will cast a question mark over the future role of the country’s freezone areas, according to experts.
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Dubai to get new dermatology and cosmetology centre
Dubai – The Dubai Health Authority (DHA) and Emirates Islamic Bank signed a Memorandum of Understanding (MoU) to establish a dermatology and cosmetology centre at Rashid Hospital. Both parties also …
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Golden visas set to add up to 1% to Dubai’s economy
Dubai Economy says the plan to extend the golden residency to more categories will accelerate economic growth and productivity in the emirate …
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Dubai’s growing Islamic Economy
Valued at over €1.7 trillion the Islamic economy is big business. In this episode, Target talks to industry insiders hoping to position Dubai as a regional hub. #Target …
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Bakhtawar Bhutto Zardari to exchange rings with UAE-based businessman Mahmood Chaudhry today
According to the details, the family’s primary country of residence remains the UAE where Mahmood continues to run his business in finance, tech, and construction. It will be an outdoor ceremony at …
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Ideaology’s IEO Ushers the Launch of Blockchain Platform for Innovators
Ideaology is proud to announce its IDEA token pre-sale on December 1, 2020. The pre-sale event is an initial exchange offering …
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