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Category: FINANCE

Posted on 14/10/2020

Meet Karl Feilder: Dubai’s emerging Elon Musk of biodiesel

Around the region, it’s going to be more than double that,” Karl W Feilder, CEO and Chairman of Neutral Group, told Gulf News. Biodiesel is a domestically produced, clean-burning, renewable substitute …
( read original story …)


Posted on 14/10/2020

IFLR Middle East Awards 2020 – winners announced

IFLR is delighted to announce the winners of the 2020 Middle East Awards, recognising the most innovative cross-border work from across the region over 2019-2020. The awards caps off months of …
( read original story …)


Posted on 14/10/2020

Commercial Bank of Dubai tightens guidance for perpetual bonds – document

Commercial Bank of Dubai CBD.DU tightened the price guidance for U.S. dollar-denominated perpetual bonds that are non-callable for six years and received more than $1.4 billion in orders for the debt …
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Posted on 14/10/2020

Commercial Bank of Dubai markets perpetual bonds – document

DUBAI – Commercial Bank of Dubai began marketing U.S. dollar-denominated perpetual bonds that are non-callable for six years, a document showed on Monday. CBD gave initial price guidance of around …
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Posted on 14/10/2020

The Debt Panel: ‘My bank issued me with a credit card with a Dh60,000 limit that I didn’t apply for’

I am writing to you regarding a loan application I made with a bank in the UAE. During the application process, I was told by the agent that I could cancel it at any time before I provided my salary …
( read original story …)


Posted on 13/10/2020

UAE Business Leaders Introduce Emirati Startups to Israelis at OurCrowd-Emirates Angels Event

OurCrowd, the world’s largest global venture investing platform and Emirates Angels Investors Association, the leading Emirati angel investment network, today held an online event which gave Israeli …
( read original story …)


Posted on 13/10/2020

UAE economy set for 3.1% growth in 2021: IIF

according to the latest forecast by the Institute of International Finance (IIF). Washington-based IIF said that the UAE is expected to experience a deeper contraction this year than predicted in May.
( read original story …)


Posted on 13/10/2020

UAE economy to record 1.3% growth in 2021 after contracting 6.6% this year, says IMF

Dubai: The UAE economy will have a 1.3 per cent real GDP growth in 2021 following a 6.6 per cent contraction this year, the IMF says in its latest World Economic Outlook Report. The IMF’s …
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Posted on 13/10/2020

Dubai Mercantile Exchange signs MOU with Kpler to deliver enhanced market intelligence

Access to data from hundreds of sources including AIS signals, satellite images, logistics and commercial reports …
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Posted on 13/10/2020

UAE economy to grow 3.1 per cent in 2021, says the IIF

Dubai: The UAE’s economic growth is projected … according to the latest forecast by the Institute of International Finance (IIF). The IIF expects a 5 per cent decline in the average GDP …
( read original story …)


Posted on 13/10/2020

Dubai Court holds bank liable in SIM swap fraud case, customer paid Dh5.6 million

Dubai: A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being …
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Posted on 13/10/2020

Dubai Court judgement holding bank liable in SIM swap fraud sets a precedent

A judgement in Dubai holding a bank liable in a SIM swap fraud case and ordering it to compensate a customer has become a legal precedent for all cases of a similar nature. After being announced by …
( read original story …)


Posted on 13/10/2020

My Bank in the UAE Kept Making it Impossible to Sell My Flat

Debt problems are very frustrating when the bank you owe can’t seem to get the account in order to allow you to sell your property.
( read original story …)


Posted on 12/10/2020

UAE plans to issue first federal bonds in Q4 or early 2021: Media report

The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. The UAE …
( read original story …)


Posted on 12/10/2020

UAE plans first federal bonds in Q4 or early 2021 – Al Roeya paper

The United Arab Emirates will likely issue its first federal bonds by the end of the year or in the first quarter of 2021, UAE newspaper Al Roeya said, citing a finance ministry official. DUBAI, Oct …
( read original story …)


Posted on 12/10/2020

UAE Federal tax Authority introduces new version of eDirham

FTA stresses the necessity for all those registered with the Authority who are eDirham users to prepare to switch to the new version of the eDirham …
( read original story …)


Posted on 12/10/2020

Israeli cabinet approves UAE deal, Netanyahu says will meet its leader

Israel’s cabinet approved a normalisation deal with the United Arab Emirates on Monday and Prime Minister Benjamin Netanyahu said he and Abu Dhabi’s crown prince had spoken and agreed to meet soon.
( read original story …)


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