Money, the GCC’s first digital banking solution for low-income migrant workers, has secured $7 million in a funding round led by venture investor, Anthemis Exponential Ventures. Anthemis Exponential …
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RAKBANK becomes first UAE bank to join MMA as a board member
The tie-up will help accelerate the bank’s digital transformation in mobile banking and, in return, the Association will gain local insights …
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$3.5bln in letters of guarantee issued by banks in three months: UAE Central Bank
Letter of guarantee is a type of contract issued by a bank on behalf of a customer who has entered a contract to purchase goods from a supplier …
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Aafaq Islamic Finance announces 68% increase in profits in 2020
Despite the repercussions of the current global pandemic, Aafaq Islamic Finance, the leading institution in the financial sector across the UAE and the region, revealed profitable results of the …
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Barbeque Nation IPO: Here’s How To Check Share Allotment Status
The IPO comprised a fresh issue of Rs 180 crore and an offer for … operates 147 Barbeque Nation restaurants in 77 Indian cities and six restaurants in UAE, Oman and Malaysia.
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Changes in UAE citizenship law beckon hope and inclusion
In an unprecedented move, the UAE announced a landmark decision this year to open its citizenship to a select group of investors, professionals, and those that possess specialised talents. The …
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UAE leaders mourn passing of Sheikh Hamdan Bin Rashid Al Maktoum
Rich tributes from top officials and prominent Emiratis are pouring in for Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance and Industry, who passed away in Dubai …
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Covid pandemic to have ‘long-lasting’ impact on Gulf banking sector, says S&P
Rating agency says GCC banking ops will remain constrained after setting aside $10.9bn in credit loss provisions …
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RIP: The legacy of the late UAE finance minister Sheikh Hamdan bin Rashid Al Maktoum
The deputy ruler of the emirate of Dubai, Sheikh Hamdan bin Rashid Al Maktoum, has died at the age of 75. He was a top-notch financial personality. Dubai announced 10 days of mour …
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SPACs cause headache for UAE bourses amid lacklustre IPO market
Firms in the UAE are increasingly seeking fast-track listings in New York through mergers with special purpose acquisition companies (SPACs), posing a fresh challenge to local bourses which are …
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UAE finance minister and Dubai deputy ruler Hamdan dies
The United Arab Emirates finance minister and the deputy ruler of the emirate of Dubai, Sheikh Hamdan bin Rashid …
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Increased Banking Trojans in UAE in 2020: Kaspersky
Kaspersky Security Network (KSN) statistics around cybersecurity threats in the United Arab Emirates indicates that overall malware infections have decr …
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UAE international reserves surge to $141.41bln
The UAE banking system’s international reserves is expected to rise further in the coming period, reflecting the improvements across the system’s indexes in recent months. Rec …
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UAE international reserves surge to Dh519b
The international reserves of the UAE banking system have grown by Dh12.6 billion over three months, from November 2020 to January 2021, to Dh519 billion, the Central Bank of the UAE (CBUAE) has …
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Singapore and Dubai: The future of private banking
Outwardly different, Singapore and Dubai have transformed themselves into international wealth management hubs, overseen by clear-minded regulators. They are now starting to compete for business with …
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Announcement of Intention to Float on the Dubai Financial Market
Tristar Transport (PJSC – under incorporation) (“Tristar” or the “Company” or, with its subsidiaries and subsidiary undertakings, the “Group”), a leading global integrated liquid logistics solutions …
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Dubai Eyes Its Second IPO in Three Years With Tristar Listing
Middle Eastern logistics firm Tristar Transport is looking to raise between $120 million and $160 million in an initial public offering in Dubai next month, in what would be only the financial hub’s …
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