Category: FINANCE

(IDEX Online – The Dubai Diamond Exchange (DDE) could set up its own bank to provide financing for dealers. The move is designed to attract more business to a hub that opened in 2002 and last year saw …
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Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif al-Emadi has been removed from the bank’s board of directors after his arrest earlier this month over embezzlement …
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The National Bank of Ras Al-Khaimah (RAKBANK) said it has concluded the issue of $75 million 2.5-year Floating Rate Note (FRN), which offered investors a coupon of 3-month USD LIBOR+100 basis points.
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Fitch Ratings has affirmed Ajman Bank PJSC’s (AJB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ with a Stable Outlook and Viability Rating (VR) at ‘b+’. A full list of rating actions is below.
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The Kingdom of Saudi Arabia (KSA)-backed nybl is a leading artificial intelligence (AI) pioneer, which last week announced its acquisition of Mexico-basedNubila, a visual data mining, and machine …
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While some niche markets saw proliferation, the year of the pandemic almost unanimously led to significant cuts in funding and threw curveballs at startups preparing to launch successfully. Yet in the …
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The latest senior moves in asset and wealth management from across Europe and the UK. Preqin London-based Preqin, which provides data, tools and insights on alternative assets such as private equity …
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The UAE e-commerce sector emerged as the fastest-growing economic segment in the Middle East in terms of value sales supported by rising digital connectivity, infrastructure and substantial growth in …
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Executive Certificate for Risk-Based Supervision Professionals was awarded to 25 UAE nationals in a ceremony attended by Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE) and Mary …
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Under MoU, both parties will promote and support SME owners registered within Dubai SME Dubai: The UAE Ministry of Finance (MoF) recently signed a Memorandum of Understanding (MoU) with Dubai SME, an …
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Tops in the Middle East award for mobile banking, personal loan and remittances Dubai: As part of its 2020 BankQuality Consumer Survey on Retail Banks, The Asian Banker gathered feedback from 3,000 …
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The move is a big breakthrough for the exchange operator that has been pushing for an alternative for companies to raise money …
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Commercial landlords in the UAE must work closely with their tenants as the real estate sector plots a cautious and fragmented recovery from Covid-19, according to analysis from Dubai banking major …
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Dubai: The Global Finance Magazine declared Qatar first richest country in the region and fourth in the world with a per capita share of $93,508 followed by the UAE, which ranked 11th globally with a …
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Two defendants forged salary certificates to obtain loan and credit card from local bank Dubai: An Indian and a Pakistani defendant have been accused of forging documents and using them to …
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DUBAI: The Dubai stock market ended higher on Thursday, boosted by gains in financials and property stocks, while other major Gulf markets were subdued in the absence of a fresh catalyst. In Dubai, …
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RIT Dubai completed phase one of construction on its state-of-the-art new campus and began officially operating out of the new location in the Dubai Silicon Oasis earlier this semester. The new campus …
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