The United Arab Emirates (UAE) on Tuesday granted Islamabad an extension on the due date of the payment of a $2 billion loan given to Pakistan in 2020. The development …
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China’s crude oil imports from Saudi up 8.8% y/y in March, UAE shipments jump
China’s crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived.
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Central Bank of UAE to extend zero cost liquidity support to banks until June 2022
Central bank financing for loan deferrals will be fully phased out by December 31, 2021. Dubai: “The extension of the TESS shall allow continued support by the financial system to the sectors …
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Dubai: Duo gets 15 months in jail for assaulting man in failed robbery attempt
According to police records, the operations room received a call on February 2 from a passerby, who reported seeing the duo assaulting their compatriot until he lost consciousness and requested an …
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Dubai’s external food trade totalled Dhs52bn in 2020
Dubai external food trade reached Dhs52bn in 2020, according to data released by Dubai Customs on Monday. Nassim Al Mehairi, manager of the statistics section at Dubai Customs said that last year, …
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Canada’s 3iQ to bring Middle East’s first listed crypto fund to Nasdaq Dubai
Canadian digital asset management firm 3iQ has received regulatory clearance for a dual listing of the Bitcoin Fund on Nasdaq Dubai, making it the Middle East’s first indexed cryptocurrency digital …
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Dubai’s Emirates NBD Group’s first quarter 2021 net profit at Dh2.32b, gaining 12%
Lower provisions, improved costs and higher income lift earnings at mega-bank Dubai: Emirates NBD Group reported a net profit of Dh2.32 billion for the first quarter up 12 per cent higher year-on-year …
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Dubai’s external foodstuff trade totalled $14bln in 2020
DUBAI- The UAE showed an outstanding performance in securing food during the COVID-19 pandemic with Dubai external foodstuff trade reaching AED52 billion in 2020, according to Dubai Customs. “Food …
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Dubai’s Emirates NBD posts 12% rise in Q1 net profit
Emirates NBD ENBD.DU, Dubai’s biggest lender, on Tuesday posted a 12% rise in net profit in the first quarter, citing improved economic conditions from last year’s pandemic-hit economy and a sharp …
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Nasdaq Dubai to list Middle East’s first Bitcoin fund
Dubai: A Bitcoin-focussed fund will list on Nasdaq Dubai, making it the first digital asset fund to do so in the Middle East. The listing comes as Bitcoin recently pushed past its highest point ever – …
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10 African Nations to Benefit from Mohammed bin Rashid Al Maktoum, Ruler of Dubai, 100 Million Meals Ramadan Campaign
African Nations to Benefit from Mohammed bin Rashid Al Maktoum, Ruler of Dubai, 100 Million Meals Ramadan Campaign.
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UAE’s blockchain-powered platform to curb financial crime goes live
The UAE has unveiled a trade finance platform powered by blockchain technology in partnership with Etisalat and seven local banks.
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Mastercard Rolls Out Track B2B Payments In UAE With HSBC
Mastercard is collaborating with HSBC to provide HSBC’s business clients in the UAE with a bolstered business-to-business (B2B) payment experience.
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Board of Abu Dhabi Global Market Approves Formation of ADGM Authority, Will be Led by Financial Services Veteran Mark Nicholas Cutis
Board of Abu Dhabi Global Market approves formation of ADGM Authority, will be led by financial services veteran Mark Nicholas Curtis.
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UAE: Today’s weather is partly cloudy, hazy and humid in Abu Dhabi, Dubai, Sharjah, and other emirates
UAE residents can expect a pleasant weather in general but a little hazy in parts of Abu Dhabi, Dubai and Sharjah. Today’s weather condition, according to the National Centre of Meteorology (NCM), …
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‘No Jaishankar-Qureshi meet in UAE’
Foreign minister S Jaishankar returned to India from UAE on Monday after his bilateral engagements amid speculation in local media about a .
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Mystery shrouds abduction attempt on Sharjah returnee
KOCHI: Mystery shrouds the incident in which a passenger who landed at the Kochi airport from Sharjah was kidnapped by a gang on Sunday noon even as the police suspect the hands of a gold smuggling …
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