Category: FINANCE

DUBAI The United Arab Emirates central bank has so far not issued any guidelines to banks about their dealings with Qatar, a source familiar with the matter told Reuters on Monday. The UAE, Saudi Arabia, Egypt and Bahrain cut diplomatic and transport ties …
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DUBAI, June 5 (Reuters) – Here are some factors that may affect … rise to $31.126 bln at end-May SAUDI ARABIA * Saudi Aramco warned by lawyers on New York IPO litigation risks -FT * Saudi Aramco raises July Arab Light OSP to Asia UNITED ARAB EMIRATES …
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DUBAI, June 4 Kuwait has picked accounting firm EY to do a valuation of its stock exchange, sources familiar with the batter told Reuters on Sunday. The country has been considering an initial public offering of its stock market for years, but political …
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The Dubai Financial Services Authority (DFSA) is looking to streamline the process of financial innovation by creating a special license for Fintech firms called the “Innovation Testing License” or ITL. The DFSE said the ITL signals the “next phase …
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Dubai: Whether you’re close to retiring or starting a family, it is never too late or too early to think about where to invest your hard-earned money. But how should you go about it? Financial experts in the UAE say the fact-finding process is the key to …
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(MENAFN – Khaleej Times) FinTech Hive to provide complete ecosystem to financial technology firms to collaborate with partners, investors The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial …
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“Corporate banking took off when financial institutions began financing projects for government-related entities.” From its earliest days of its founding in 1967, Mashreq has arranged financing for some of the UAE’s and the region’s iconic projects …
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The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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Marka, which operates 47 hospitality, fashion and beauty and sports outlets across the region, raised $75m in an IPO on the Dubai Financial Market in 2014. However, the company is yet to turn profitable, and posted a net loss of Dhs150m in 2016 …
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The Dubai International Financial Centre (DIFC) is playing an integral role in establishing Dubai as a financial technology (FinTech) hub in the Middle East, Africa and South Asia (Measa) as it believes in the development of financial technology that has …
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DUBAI, June 1 (Reuters) – Saudi Arabian water and power utility … Depending on the success of the deals, Marafiq might then proceed with a public share sale, they said. The IPO, which could be in 2019, could raise around 1 billion riyals ($267 million …
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… noted that Dubai and the UAE are instrumental in raising awareness about the culture of Islamic economy worldwide and boosting global interest in adopting its principles. “Today, non-Muslim countries view Islamic finance, halal lifestyle and Shariah …
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*UAE banks counting the cost of weakening economy and competitive market The banking sector in the country has been in a state of upheaval over the past 12 months after 3,000 jobs were slashed in the UAE’s two main cities, Abu Dhabi and Dubai.
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He currently lives in Dubai. Former senior people at the Hamburg-based bank … In September 2015, Mr. Shah’s now defunct London-based hedge fund, Solo Capital, transferred €222 million to an account at Varengold Bank in Hamburg. The acount belonged …
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Cash Dubai widened to 59 cents below swaps … kingdom’s policy of cooperation with major oil producers to rebalance markets and limit volatility. *Hedge fund managers had already closed out many of their bearish short positions in crude oil before …
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… board members of the Higher Sharia Board for Banking and Finance to strengthen consistency of the Islamic finance industry across the UAE. The Board is responsible for setting rules, standards and general principles for banking and financial …
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The UAE may hold the key to India’s establishment as a leading world power and major emerging economy. With historical ties that date back centuries and opportunities for growth in industries such as realty, finance and trade, all signs point to a …
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