Move will provide relief for banks, finance companies enabling them to provide new loans, facilities to customers affected by the pandemic.
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Gulf IPO activity expected to increase after coronavirus forces listings rethink
The number of initial public offerings (IPO) is expected to increase in the final quarter of 2020 after coronavirus nearly brought the sector to a grinding halt over the last six months. From April to …
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Nearly half of UAE companies say salaries are now steady after COVID-19
But pressure on salaries will remain under pressure well into 2021 Dubai: Here’s the bad news – salaries will remain under intense pressure in the UAE job market even next year. But there are some …
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How Dubai is becoming more transparent to attract real estate investors
Dubai and Abu Dhabi are the most transparent real estate markets in the MENA region, according to the latest Global Real Estate Transparency Index from JLL. The index is considered a useful indicator …
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Saudi Aramco to issue bonds as it seeks cash amid oil slump
Saudi Arabia’s oil giant Aramco announced Monday it will issue international bonds as it seeks a cash infusion to help pay for billions of …
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UAE Central Bank Extends Virus-Related Loan Payment Deferrals
The United Arab Emirates will extend a key component of its coronavirus relief package — loan payment deferrals — through June 2021, the central bank said.
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UAE central bank extends stimulus scheme to stem COVID-19 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 and …
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Central Bank of UAE extends Dh50b support to COVID-19 affected individuals and businesses
Extension of TESS aimed at accelerating UAE’s economic recovery from COVID-19 impact Abu Dhabi: The Central Bank of the UAE (CBUAE) has announced the extension of the applicability period of the …
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Central Bank of UAE extends support to COVID-19 affected individuals and businesses
Extension of TESS aimed at accelerating UAE’s economic recovery from COVID-19 impact Abu Dhabi: The Central Bank of the UAE (CBUAE) has announced the extension of the applicability period of the …
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Central Bank of UAE extends applicability of Targeted Economic Support Scheme
Move aimed at accelerating UAE’s economic recovery from COVID-19 repercussions The Central Bank of the UAE (CBUAE) has announced the extension of the applicability period of the key components of …
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Qatar National Bank closes syndication of $3.5 billion loan
Qatar National Bank
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Atlas Mara: What went wrong in the African banking venture?
Since its creation in 2013, Atlas Mara had some high moments, but a string of bad moves has held it back. What went wrong?
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UAE national carrier to start flying to Tel Aviv next spring
Etihad Airways, the national airline of the United Arab Emirates, announced Monday Direct flights on Etihad between the emirates’ capital of Abu Dhabi and Tel Aviv will begin March 28, giving …
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Bayt.com & YouGov Survey: Hospitality, Education, and Engineering Are Most Popular Industries Among UAE Job Seekers
Bayt.com, the Middle East’s #1 job site, has recently conducted the Top Industries in the Middle East and North Africa 2020 survey in partnership with YouGov, global online market research company, in …
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Bank of Sharjah’s UAE operations report Dh379m 9-month net profit
Bank of Sharjah’s UAE operations reported an a net profit of Dh379 million for the nine-month period of 2020 comapred to Dh172 million in the same period last year. Image Credit: Supplied Dubai: Bank …
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Dubai Islamic Bank successfully closes lowest ever yielding AT1 Sukuk
DUBAI — Dubai Islamic Bank (DIB) has successfully priced a US$1 billion Perpetual Non-Call 5.5 years Additional Tier 1 Sukuk with a profit rate of 4.625 percent per annum. This transaction carries the …
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Analysis: UAE Forex Traders Investing the Most, Followed by Asia
In August forex traders from the Middle East had the biggest deposits but Asian investors were close behind. Finance Magnates examines the latest data.
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