A first-of-its-kind joint initiative emanating from the CBUAE’s and Saudi Central Bank’s shared commitment to innovation, Project Aber, as a proof-of-concept, aims to explore whether distributed …
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Saudi Arabia and the UAE dominate Forbes Top 50 Middle East Banks list
In 2019, ADCB merged with Union National Bank and Al Hilal Bank to form the ADCB Group, which is the UAE’s third largest bank. In 2020, Dubai Islamic Bank, which was already the largest Islamic …
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Dubai’s Damac appoints new chairman, forms committee to assess Sajwani’s offer
Hussain Sajwani resigned as its chairman last week after his investment firm offered to acquire 100 per cent of Damac …
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Central Bank of UAE seeks private sector participation in anti-money laundering efforts
Unifying efforts has contributed to raising the UAE’s compliance AML/CFT framework Abu Dhabi: Khaled Mohamed Balama, Governor of the Central Bank of the UAE on Tuesday, co-chaired a meeting in the …
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UAE Diplomats Accused in International Gold Smuggling Syndicate
The United Arab Emirates is a key hub for gold trading linked to money laundering, organized crime and terrorist financing.
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Dubai Islamic Bank sells $1 billion in 5-year sukuk
Dubai Islamic Bank, the United Arab Emirates’ largest Islamic lender, sold $1 billion in five-year sukuk on Tuesday after receiving more than $2.8 billion in orders for the Islamic bonds, a document …
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Bank ABC, FAB ready $250m term loan for BankDhofar
Arab Banking Corporation (Bank ABC) said it had, along with First Abu Dhabi Bank (FAB), acted as joint co-ordinators, underwriters, initial mandated lead arrangers and bookrunners to arrange a $250 …
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Nasdaq Dubai welcomes listing of $750m bond by Emirates Development Bank
This is the second major listing on Nasdaq Dubai during the last seven days, pushing the total value of US dollar-denominated debt listings to $96.876 …
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Emirates Development Bank’s $750m bond lists on Nasdaq Dubai
Dubai: Emirates Development Bank, one of the pivotal players in the UAE’s industrial strategy, has listed its The five-year debt issue has been priced at a yield of 1.63 per cent and was four times …
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GB News launch gains more viewers than BBC or Sky news channels
Proud to be British’ new channel has backers including US Discovery and a Dubai-based fund …
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UAE markets up, Bitcoin crosses 40,000 barrier
Property, banking and financial sector shares offer support to benchmark indices in Abu Dhabi and Dubai markets …
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Dubai plane leasing firm DAE adds more banks to second bond deal this year
Dubai Aerospace Enterprise (DAE), one of the world’s biggest aircraft leasing companies, has added more banks to its planned sale of US dollar-denominated …
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DFF launches report on cyber risk in finance
Dubai Future Foundation (DFF), in partnership with the Future Foresight and Decision-Making Support Center at Dubai Police, has launched its latest …
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UAE: How much cash should I hold and the dangers of holding too much
UAE: Bitcoin prices are dropping again. Should I hold off on selling? Dubai: While it’s often viewed as the ‘safe’ option, there are potential dangers in holding too much or not enough cash in hand.
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Abu Dhabi digital bank AI Maryah Community appoints its first Board of Directors
Dubai: The AI Maryah Community Bank, Abu Dhabi’s digital bank in the making, has set up its first board of directors Tariq Ahmed AI Masaood as Chairman and Omar Abdulla AI Zaabi as Vice-Chairman. The …
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Dubai Future Foundation Launch Report On Cyber Risk Scenarios In Banking And Finance
Dubai Future Foundation (DFF), in partnership with the Future Foresight and Decision-Making Support Center at Dubai Police, launched its latest report t …
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UAE’s ADQ mulls $500mln investment in Flipkart
Abu Dhabi state-owned ADQ is in talks to invest $500 million in Flipkart, the Indian e-commerce firm which is seeking to raise funds ahead of a potential initial public offering (IPO). Talks are …
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