Saudi Aramco has got through the year in good shape, with the promises it made in the IPO intact, its share price riding high and with its long-term strategy still in place …
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UAE’s TruKKer gets $10mln funding from US-based Partners for Growth
The debt will be used to finance working capital needs required for the instant payment of thousands of transporters operating on TruKKer’s network …
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UAE’s largest bank opens ‘trade bridge’ with Indonesia office launch
… of its global network into Asia with the opening of a representative office in Jakarta First Abu Dhabi Bank (FAB), the largest lender in the UAE, has announced the expansion of its global network …
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Emirates Airline Writes Off $600 Million In Fuel Hedging Costs Due To Coronavirus
The Dubai-based airline has written off the cost of fuel which it bought but could not use due to travel lockdowns …
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UAE-based Trukker seeks new funding, weighs IPO
Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange.
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A New Beginning For The UAE
Greenberg mentioned that “we are creating new collaboration bridges between the UAE Ministry of Finance and the Israeli Ministry of Finance. There is much potential for R&D cooperation between Israel …
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UAE: Reader disputes bank’s profit charges and late payment fee on credit card
Bank recommends for reversal of the charges after … Dear Reader, This section is about Living in UAE and essential information you cannot live without. Register to read and get full access …
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UAE Exchange Centre’s parent company Finablr is sold to Israeli-UAE consortium for $1
UAE consortium steps in as new owner to try and revive B.R. Shetty owned Finablr London: Finablr plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business …
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UAE Exchange Centre’s parent company is sold for $1
Its foreign exchange businesses and payment-technology operations include one of the largest foreign currency firms in the UAE – UAE Exchange. Finablr revealed in April about $1 billion of debt hidden …
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Mambu opens new office in the United Arab Emirates (UAE)
Mambu announced the opening of its new office in the emirate of Abu Dhabi, as the UAE has quickly become a key market for it.
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UAE-based ‘Uber for trucks’ to seek new funding, weighs IPO
Trukker, a UAE-based start-up that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
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Failed Xinja spruiked Dubai injection to prospective investors
Former employees have suggested Xinja made poor decisions such as signing an expensive long-term lease at the former headquarters of Facebook in Australia when it was burning cash.
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Middle East’s ‘Uber for Trucks’ to Seek New Funding, Weighs IPO
Trukker, a UAE-based startup that provides an Uber-like service for trucks, is planning to launch a new fundraising early next year and could eventually be listed on a regional stock exchange. “We …
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DAMAC Properties teams up with ADIB to offer home finance plan
As demand for ready and off-plan villas increases in Dubai, DAMAC Properties has announced a home finance plan in partnership with Abu Dhabi Islamic Bank (ADIB). The plan offers a finance with a rate …
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UAE-Israeli partnership closes in on deal to buy Finablr
was placed under the supervision of the UAE central bank in March. Prism says it has institutional investor commitments, including from hedge funds and sovereign wealth funds from the US to the Gulf, …
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Bank upstart Xinja pulls the pin, returns funds
The defunct neobank has been soliciting prospective buyers in recent weeks for its $457 million deposit book, according to market sources.
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Bahrain, UAE and Saudi ranked among world’s top five Islamic finance economies
Bahrain, the UAE and Saudi Arabia are ranked among the world’s top five Islamic finance economies in 2020 by the Islamic Finance Development Indicator (IFDI). Bahrain, which has led MENA in all eight …
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