Four companies were also listed to the Abu Dhabi Securities Exchange Sweeping initiatives, changes to foreign ownership and listing requirements in UAE are expected to bolster IPO activity in the …
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Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank (ADCB) has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance (ADF). ADCB said the transaction provides further growth for its …
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MENA IPO activity to pick up in 2021 on back of positive regulatory changes
There is a strong initial public offering (IPO) pipeline in key MENA markets and activity is set to pick up gradually during 2021, said a new report by EY. “Although MENA IPO activity remained …
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UAE launches training programmes to fight illicit finance
The UAE Higher Committee Overseeing the National Strategy on Anti … including how to identify potential instances of sanctions evasion tied to trade finance and banking, and conduct due diligence …
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Israeli-owned cargo ship docks in Dubai after mysterious blast
The unexplained blast has raised security concerns for shipping in the Gulf of Oman amid heightened tensions with Iran.
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GCC’s retail banking revenue growth projected to slowdown
A recent BCG study showed the projected revenue outlook of retail banks in key economies in the GCC, which includes the UAE, Saudi Arabia, and Kuwait in three retail banking revenue growth scenarios.
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Vaccine Trip to UAE Costs Canada Pension CEO His Job
Mark Machin quit as head of Canada Pension Plan Investment Board after he went to the United Arab Emirates and received a Covid-19 vaccine, defying guidance from Justin Trudeau’s government to avoid …
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Saudi’s Samba-NCB new entity to finance development projects: Chairman
The Samba chairman said that since there were branches of NCB and Samba only several meters apart, one branch would be closed and transferred to a new location to serve customers.
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CPPIB CEO Machin Steps Down After Getting Vaccinated in UAE
The head of Canada Pension Plan Investment Board, Mark Machin, has stepped down after disclosing he recently traveled to the United Arab Emirates where he arranged to be vaccinated against COVID-19, …
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UAE Central Bank sanctions individual for breach at exchange house
ABU DHABI – The Central Bank of the UAE (CBUAE) has imposed sanctions on a non-authorised individual related to an exchange house operating in the UAE, after the person carried out a function without …
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How Saudi Arabia, UAE are levelling the field for women in business, society
World Bank report highlights progress made in the Gulf region following reforms aimed at embracing women’s role in society …
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Saudi’s PIF makes billions on its investment in Lucid Motors
DUBAI: The Public Investment Fund, Saudi Arabia’s premier investing institution, has seen a multi-billion dollar increase in the value of its investment in Lucid Motors, the fast-growing Californian …
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UAE tops in the region, ranked 17th globally in Global Soft Power Index
The UAE has been ranked 17th in the world in the Soft Power Index and topped amongst 15 nations from the Middle East & North Africa (MENA) region, according to the Soft Power Index report …
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United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics Report 2021-2025 – ResearchAndMarkets.com
The “United Arab Emirates Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook): Spend Analysis by Digital/e-Gift Card, Retail & Corporate Consumers, Top Retailers, …
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UAE to Increase Investment in Israel’s Private Sector
UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan and his Israeli counterpart, Gabi Ashkenazi, greet as they visit a …
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Nigeria to draw up supplementary budget for COVID-19 vaccines in March -finance minister
LAGOS- Nigeria plans to draw up a supplementary budget for COVID-19 vaccinations in March, the finance minister said on Thursday. Zainab Ahmed told reporters in the capital Abuja that the government …
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UAE Central Bank fines individual Dhs600,000 under anti-money laundering law
The fine was imposed because the individual had no authorisation to undertake a function that required prior approval from the Central Bank.
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