If the negotiations fructify— coming two weeks after the Goldman Sachs deal—it would mark the fourth successive investment in the Kiran Mazumdar Shaw-led Biocon unit in 2020.The last fundraise was …
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UAE to allow 100% foreign business ownership: Key points to note
The UAE announced on Monday that foreign nationals will now be allowed to own 100 per cent of commercial companies within the country, eliminating the need for a UAE national to hold the majority …
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UAE and Israel – a partnership that can help the world
Israel can help the UAE expose its tech startups to partners and investors in the West, while the UAE can be Israel’s gateway to Asia and the East.
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ADIB provides $24.8mln finance for UAE client’s UK investment park buy
We are delighted to have supported our UAE-base client with a tailored financing solution to acquire an income producing, high-quality asset in the UK offering long-term secure income. “The continued …
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UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE
PRNewswire/ — UnionPay International (UPI) has partnered with Abu Dhabi Islamic Bank (ADIB), one of the United Arab …
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UAE to take action against non-registered Hawala operators from December 3
The UAE Central Bank will start taking legal action against non-registered Hawala service providers when registration deadline expires on December 2, 2020, after which no Hawala service provider will …
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Sharaf DG, UAE’s leading electronics retailer announced their commencement of DG Friday Sale
Sharaf DG, UAE’s leading electronics retailer announced their commencement of DG Friday Sale. With an Omni channel presence, retailer has …
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Business community welcomes UAE’s 100% ownership rules
The UAE has once again proved itself a resilient business hub … Pakistan has kept its main policy rate unchanged at 7 per cent, the central bank said on Monday, as consumer price index inflation …
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UAE central bank extends banking stimulus scheme to stem coronavirus impact
The United Arab Emirates central bank said on Monday it had extended to June 2021 the applicability period of key components of a stimulus scheme to support retail and corporate banking customers …
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Bank Hapoalim inks agreements with UAE financial giants
Bank Hapoalim has signed two agreements with financial entities in the United Arab Emirates aimed at increasing its presence in the Middle East and North Africa. The first agreement was signed with …
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2020 UAE Commercial Banking Report – Insights into the Attitudes and Appetites of Commercial Banking Opportunities – ResearchAndMarkets.com
Insights into the Attitudes and Appetites of Commercial Banking Opportunities – ResearchAndMarkets.com The “UAE Commercial Banking Report” report has been added to ResearchAndMarkets.com’s offering.
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UAE relaxes rules on foreign ownership of companies amid pandemic fallout
The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported, in the country’s latest bid to boost its global status and attract …
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AcwaPower plans IPO next year – chairman
Riyadh – AcwaPower is planning an initial public offering (IPO) in 2021, the company’s Chairman Mohammad Abunayyan revealed on Sunday. In an interview with Alarabiya, the chairman said that the size …
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UAE-based Amlak Finance sells 821,275 shares
Amlak Finance has sold 821,275 shares, representing 0.00055% of the company’s subscribed capital, through its broker ENBD Securities. The selling price per share is valued at AED 0.26, according to …
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UAE inches closer to cashless economy target: Standard Chartered
Dubai: The Middle East region is witnessing a big leap in banking sector digitisation and sustainable finance as the UAE moves closer to becoming a cashless economy, Sunil Kaushal, CEO of Standard …
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From Roscommon to the UAE – unravelling a €5.3m forestry investment fraud
When Declan de Lacy was appointed as liquidator of a company set up to sell forests in Ireland to investors he had no idea that his efforts to recoup their funds would send him on a complex money …
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Top ten UAE banks’ profitability deteriorated in Q3 2020
Top 10 banks have provided borrowers access to Dh51.1billion at the end of the third quarter under the UAE Central Bank’s Targeted Economic Support Sceheme (TESS). We expect the economic …
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