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Tag: banking

Posted on 04/07/2024

Indian tourists and workers can now pay with UPI at more than 60,000 outlets across the UAE

UPI, one of the most popular payment methods in India, is now available at more than 60,000 outlets across the United Arab Emirates.

Posted on 04/07/2024

Gulf IPO Pipeline ‘Extremely Active,’ EFG Hermes’ ECM Head Says

An equity capital markets boom in the Gulf shows no signs of slowing down, with e-commerce and information technology companies among those expected to go public in the second half, according to the …

Posted on 04/07/2024

UAE’s $30 Billion Alterra Fund Readies Next Round of Deals

A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments.Most Read from …

Posted on 04/07/2024

UAE’s $30 Billion Alterra Fund Readies Next Round of Investments

A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments.Most Read from …

Posted on 04/07/2024

UAE raises $1.8bln in bids for Q3 2024 Islamic bonds

The UAE has attracted AED 6.76 billion ($1.8 billion) in bids for its bonds under the Q3 2024 sukuk programme. The Islamic Treasury Sukuk (T-Sukuk) offered a spread of 4.77% on the three-year tranche …

Posted on 04/07/2024

UAE: Gold prices jump to nearly 2-week high in early trade

Downside for yellow metal rates remains limited as US Treasury yields continue to be influenced by Fed chairman Jerome Powell’s comments …

Posted on 04/07/2024

UAE’s $30 Billion Alterra Fund Readies New Round of Allocations

A $30 billion fund launched by the United Arab Emirates with the declared goal of funneling billions of dollars into climate finance is readying its next round of investments.Most Read from …

Posted on 03/07/2024

National Bank of Fujaira CEO to step down after 14 years

Image Credit: Supplied Dubai: After more than 14 years at the helm, the Chief Executive Officer (CEO) of National Bank of Fujairah (NBF), Vince Cook, will be stepping down from his role with effect …

Posted on 03/07/2024

National Bank of Fujaira CEO to step down after 14 years

Image Credit: Supplied Dubai: After more than 14 years at the helm, the Chief Executive Officer (CEO) of National Bank of Fujairah (NBF), Vince Cook, will be stepping down from his role with effect …

Posted on 03/07/2024

UPI payment system now accessible to Indian tourists in over 60,000 outlets across UAE

This will allow Indian tourists and non-resident Indians (NRIs) with Indian bank accounts to use UPI for payments across the Network’s POS terminals in the UAE. Without the UPI system, Indian visitors …

Posted on 03/07/2024

National Bank of Fujairah announces CEO succession

Dubai – The National Bank of Fujairah (NBF) today announced that its Chief Executive Officer, Vince Cook, will be stepping down from his role with effect from September 30th 2024, having led the bank …

Posted on 03/07/2024

UAE’s ADIB facilitated Dhs5.6bn in sustainable finance in 2023

The Islamic bank recently unveiled 2030 emissions reduction targets for six key portfolio sectors including home and auto finance …

Posted on 02/07/2024

Dh10,000 fine in UAE: Authority issues reminder for corporate tax registration deadline

Corporate tax applies to juridical persons incorporated in the Emirates and to foreign entities that are effectively managed and controlled in the country …

Posted on 02/07/2024

Dubai launches campaign to distribute free water and ice cream to 1 million workers in Dubai

The campaign, which will run until August 23, aims to benefit one million workers in Dubai, including cleaners, construction workers, delivery drivers and street and road maintenance workers, during …

Posted on 02/07/2024

Dubai announces new mixed-use development project ‘DIFC Square’

The new development is part of the Centre’s plans to strengthen its position as a premier global financial hub under its 2030 strategy The Dubai International Financial Centre has started construction …

Posted on 02/07/2024

Early Tuesday Slump in Dubai’s Gold Market

The first day of the week brought a slight dip to Dubai’s gold market, with prices opening lower compared to the previous week’s closing figures. The data, compiled by the Dubai Jewellery Group, …

Posted on 02/07/2024

Fuse Finance revolutionizes payment solutions amid UAE’s record $30bln foreign investment surge

The MENA region digital payments market projected to grow $9 billion by 2028 The UAE is poised to achieve a record $30 billion in foreign direct investment in 2024 Dubai, UAE – Fuse Financial …

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